Unethical Congressmen? You Decide.

60 Minutes last night did a segment about United States Congressmen making financial transactions (stock purchases) that were directly correlated to policies that were about to pass through the House of Representatives. If, with my current employer, I were to buy/sell stock based on company policies yet to be publicly announced I could very easily go to jail. However, our elected officials are allowed to take this one step further and buy stock in an entire market segment based on regulations/deregulation’s that are about to pass, and that is perfectly legal. The 60 Minutes ¬†segment goes even further into Congressmen being given priority in buying shares of an IPO in¬†lieu of direct cash flow from corporations.

If you feel like being totally demotivated about the system, I suggest you watch/read:

http://www.cbsnews.com/8301-18560_162-57323527/congress-trading-stock-on-inside-information/?tag=contentMain;cbsCarousel