Sean King

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Knoxville, Tennessee, United States

Friday, October 22, 2010

When What's Good for the Goose...

...ain't good for the gander:

As the Journal has shown, dozens of public servants on Capitol Hill (and sometimes their spouses) actively traded during the financial crisis—buying funds that profit in a falling stock market, using options to bet against shares of home-building companies, even trading in and out of stocks that stood to benefit from government interventions they helped oversee.

Such trades are legal, since prohibitions on insider trading generally don't apply to Congress.

As Church Lady would say: "How convenient!"

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