Is such a thing even possible? I thought that it seem logical that people in Congress, like people in banking, were severely restricted in what they can trade? I guess not.
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Definitely possible and definitely happens. If you Google it, there are some stats on a Congressman's average ROI vs. the S&P. Huge difference. There's a reason most of these guys are millionaires, and it's not because they are the sharpest tools in the shed.
R.I.P Andy Rooney.
Congressman gets the hint that his constituents want more defense spending
Said congressman makes the issue public
Defense lobbyist approaches congressman
Congressman is offered incentive (stock, option, whatevs) to support said defense company
Law is passed, tanks are ordered, shares of defense company rise
Presto, bango, markets are beaten
** this can apply to ANY industry. Bill Maher has a bit about this, I'll post it if I can find it.
please don't post anything by Bill Maher.
Guy is a chode.
Who cares? If he makes at least one point you agree with, you should be able to watch it and enjoy the humor. This is seriously a really ignorant way to live and shows you why people in this country can't get along.
anything you get from bill mahr you can get some where else. and it will be funnier.
the guy is a total tool. his attitude is embarrassing.
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