"An extensive study released Wednesday in the journal Business and Politics found that the investments of members of the House of Representatives outperformed those of the average investor by 55 basis points per month, or 6 percent annually, suggesting that lawmakers are taking advantage of inside information to fatten their stock portfolios.
...Despite the GOP’s reputation as the party of the rich, House Republicans fared worse than their Democratic colleagues when it comes to investing, according to the study. The Democratic subsample of lawmakers beat the market by 73 basis points per month, or 9 percent annually, versus 18 basis points per month, or 2 percent annually, for the Republican sample..."...............
"Government is the most powerful, unaccountable and monopolistic "corporation" of all. Which is why the Framers created the Constitution the way they did: to constrain government, not us."
http://directorblue.blogspot.com/2011/0 ... gress.html
More corupt, or just smarter?
Interesting, I thought they had to put their investments in a blind trust, or is that only the President?
They probably have better financial advisors than the general public and I would imagine their accounts are handled with more care than us. "I can buy only $100,000 of Facebook II, I think I will put it all in Senator John Doe's account."
Thomas Sowell: There are no solutions, just trade-offs.
Insider trading doesn't always guarantee a win. My company bought another company and I expected our stock to climb but since I had insider info I wasn't allowed to buy or sell until the purchase was announced. The announcment was made and the stock pretty much flatlined until the next quarter when the market finally got to see actual earnings from the aquisition.
Thomas Sowell: There are no solutions, just trade-offs.
