DYSPEPSIA GENERATION

We have seen the future, and it sucks.

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Capitol Gains

14th November 2011

Alex Tabarrok turns over a rock.

I have written several times before (e.g. here and here) about how Washington insiders, politicians and staff, use their knowledge of behind the scene deals to profit in the stock market (see also Megan McArdle’s recent piece from which I stole the headline). Last night 60 Minutes reported on the story based on new research in Throw Them All Out a forthcoming book by Peter Schweizer.

 

This entry was posted on Monday, November 14th, 2011 at 06:57 and is filed under Dystopia Watch. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Capitol Gains”

  1. Cathy Sims Says:
    November 14th, 2011 at 11:10

    Only the little people have to worry about insider trading charges …

  2. RealRick Says:
    November 14th, 2011 at 11:35

    The look on Nancy P.’s face when 60 minutes asked (awkwardly) about her profiting on Visa stock could have been used for an image of Medusa.

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