Another Enlightening Fact

Another Enlightening Fact:

From Professor Bainbridge, this:

A 2004 study of the results of stock trading by United States Senators during the 1990s found that that Senators on average beat the market by 12% a year. In sharp contrast, U.S. households on average underperformed the market by 1.4% a year and even corporate insiders on average beat the market by only about 6% a year during that period....

Under current law, it is unlikely that Members of Congress can be held liable for insider trading.
This is a failure of justice -- perfectly in accord with the law, for the lawmakers are the ones who are manipulating the law to their advantage. When law and justice sharply diverge, there are consequences.

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