Government and the Ultimate Inside Stock Traders

In Analysis by Michael Rae

The Wall Street Journal featured a major exposé of how many federal government employees are becoming wealthy by investing in stocks. Before reading any further, be warned. It’s not a small problem.
Here’s an excerpt from the WSJ’s report:
Thousands of officials across the government’s executive branch reported owning or trading stocks that stood to rise or fall with decisions their agencies made, a Wall Street Journal investigation has found.
More than 2,600 officials at agencies from the Commerce Department to the Treasury Department, during both Republican and Democratic administrations, disclosed stock investments in companies while those same companies were lobbying their agencies

Read more at The Independent Institute