Want to be notified when a new article is posted? Entere your email here.

Wednesday, December 21, 2011

Congresscritters Aren't Like The Rest Of Us

This last few weeks, we've heard a lot about research conducted by Ziobrowski et. al. (see here and here) on the possibility of informed trading by Senators and Congressmen. Based on abnormal returns earned on their portfolios, it appears that they do use their "inside information" in ways that would be illegal for those not in government service. In case you haven't seen it, here's the 60 Minutes story that brought Ziobrowski's research into the public eye:


Now here's another fun fact - Congresscritters not only get to profit from material nonpublic information, they also get to reveal it to select parties too. It seems like a number of hedge funds regularly meet with members of congress to get fast track access to this information. Here's a video from the Wall Street Journal for your viewing pleasure.




And here I though our elected officials were pure of heart and above approach (sorry - I think I shouldn't have changed my meds without doctor's orders).

11 comments:

career cover letter said...

You may have all the accomplishments and awards that some college graduates only dream about, but the reality is you may still end up jobless in today's economy. Job hunts today are competitive and in this market only the strong-willed and determined with stand out and get hired.

Spot Cash on Credit Card said...

It is a stunning post. Exceptionally valuable to me. I preferred it .Take a look to my site <Cash on credit caard at low interest.

Spot Cash on Credit Card said...

It is a stunning post. Exceptionally valuable to me. I preferred it .Take a look to my site Cash on credit caard at low interest.

be free Financial said...

The quality of your blogs and conjointly the articles and price appreciating.

Knowledge First Financial

Jennifer Skelton said...

I am happy to read this very well sop mba for us.

Hristo Yanev said...

Hi guys,
Thank you so much for this wonderful article really!
If someone want to know more about the Company Finance I think this is the right place for you!

Elmina Kenley said...

I am really enjoying reading your well written articles.
Law Essays

Robert Francis said...

Are you having one or two difficulties from other financial instrument lender? I want you to take a chance with us you will never regret doing business deal with our firm.We have direct and efficient providers.

I am the sole (Direct) mandate to several genuine efficient providers for lease/sales BG/ SBLC and other financial instruments, at reasonable prices, Issuance by top AAA rated Bank in Europe.Presently, we focus on BG/SBLC for Lease and Sale transactions, However, our Lease BG/SBLC is 6+2% and Sale at 32+2%.

Should you find this interesting and acceptable? Kindly, contact us and we shall review and respond with DOA within 48hrs maximum.

Please request for full procedure details if interested.(WE MOVE FIRST)

For further inquiry contact:


Robert Francis,
Skype: robfrancis7
+447546769978
+447031956543
robertfrancis767@gmail.com

Anonymous said...

I think that is one of the such a lot important info for me.
And i am satisfied reading your article. But should statement on few basic things, The web site style
is great, the articles is actually excellent
: D. Good process, cheers

Anonymous said...

More over the side effects are very common ones like a running
nose or a little uneasiness and that too for first time takers.

Around 70 percent of men using it reported some improvement
in achieving and maintaining an erection. These products usually contain natural aphrodisiacs that have proven their efficacy in raising the sexual appetite and
Vig - Rx Plus improving the sexual intercourse.

Unknown said...

Loans for Bad Credit