- Careers in public service shouldn't come with a free pass to easy money, as you're more likely to get people serving themselves.
- Members of congress are already paid by taxpayers and paid well.
- Regulators who make money from changes in the law are more likely to change the law even when it doesn't need it, making this a huge conflict of interest and potentially damaging.
- Good regulation that doesn't interfere with business, but prevents environmental and economic disasters is the best ideal of government. Issues like this make that goal even harder to achieve.
Monday, November 14, 2011
Congress and Insider Trading
A look at how the rule makers don't let the rules apply to them and make a pretty hefty profit from it. Among the other problems mentioned by the article, I can see a few more issues why this is scary.