Lawmakers Make Their Fortunes Investing Bribe Money in Insider Trading
Lawmakers Make Their Fortunes Investing Bribe Money in Insider Trading
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The problem with this is the delay in reporting. By the time the info is public, the value has usually already changed. Has anyone modeled this with historic information? How does it compare to the S&P500?
The problem with this is the delay in reporting. By the time the info is public, the value has usually already changed
Which is by design, of course. That way congresspeople get the inside track of the trading, helping them profit from their insider information before anyone else knows.
Not at all something that's illegal to do for everyone else, nuh-uh! 😠
How does it compare to the S&P500?
They consistently outperform the market, of course. Like most people engaging in insider trading do.
The politicians doing insider trading are absolutely outperforming the market, but are the people chasing after their scraps once those trades are made public doing better than the S&P500?