Do you realize that our Senators and Congressmen (and women) can break the law and get away with it? Actually it's legal for them, just not for the rest of us.
They can buy stocks that they are going to go up because of an action that they are taking. If that's not insider trading, please define it.
I have a proposal.
No one elected to Congress, appointed to a federal judgeship, elected or appointed to the Administration (at department head level or above) or serving on any advisory committee - and their families - where actions affecting the value (current or future) of publicly traded stocks is taken, considered, or discussed may own individual stocks.
They may own mutual funds or have their holdings moved to a blind trust where they have no knowledge of any stocks held or traded, but they may not own individual stocks - and for a period of time after leaving office or their post or position, say 2 years.
There is no reason a person should be getting rich at our expense.
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For more information on my coaching and educational programs and services, visit my website or go to my other blog "Steve Hoffacker's Home Sales Insights" for additional sales tips, insights, and commentary. Listen to my free podcast messages at "Steve Hoffacker's Happenings."
Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Podcaster, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.
© Steve Hoffacker, 2011. All Rights Reserved.
