alt Hacker NewsGood. Now they should also ban themselves from insider trading in both the public stock market and private markets as well as prediction markets.
Replies
riotnrrd • yesterday at 8:04 PM
This was done in 2012: https://en.wikipedia.org/wiki/STOCK_Act
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java-man • yesterday at 7:59 PM
But it's so... profitable!
They should do this, but only because senators and congresspeople are terrible at trading stocks and they generally average below SPY.
There’s like 2 famous exceptions, other than those they are simply abysmal traders because their information isn’t worth very much. This problem is so overstated, it’s popular because it’s vaguely populist and exhibits an anti elite sentiment