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View Diary: Who yelled "NOOO!" when Obama denounced Congressional insider trading? (180 comments)

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  •  Depends on which study (4+ / 0-)
    Recommended by:
    Randtntx, juliesie, Amber6541, Laconic Lib
    In a study completed this year, Mr. Ziobrowski at Georgia State and his colleagues found that House members saw the stocks they owned outperform the market by 6 percent a year. Their research from several years ago found that senators did even better, at 12 percent above average. The researchers attributed the performance to a “significant information advantage” that lawmakers hold by virtue of their positions and the fact that they are not bound by insider-trading law.

    However, a separate study last year by researchers at Yale and the Massachusetts Institute of Technology found that the portfolios of lawmakers actually performed somewhat worse than those of average investors. It found that members did do better when investing in companies in their home districts or associated with campaign donors — suggesting that they benefited from their political connections — but still not as well as the average investor.

    http://www.nytimes.com/...

    Democrats are some of the richest.  Nancy Pelosi is worth $196 million--not chump change.

    "I don't want to blame anyone. I just want to know how lowering taxes on the rich creates jobs" --Informed citizen at Congressional town hall

    by Time Waits for no Woman on Thu Jan 26, 2012 at 06:37:29 AM PST

    [ Parent ]

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