[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 379: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/bbcode.php on line 112: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file /includes/functions.php on line 4586: Cannot modify header information - headers already sent by (output started at /includes/functions.php:3765)
[phpBB Debug] PHP Warning: in file /includes/functions.php on line 4588: Cannot modify header information - headers already sent by (output started at /includes/functions.php:3765)
[phpBB Debug] PHP Warning: in file /includes/functions.php on line 4589: Cannot modify header information - headers already sent by (output started at /includes/functions.php:3765)
[phpBB Debug] PHP Warning: in file /includes/functions.php on line 4590: Cannot modify header information - headers already sent by (output started at /includes/functions.php:3765)
Diegetics • View topic - Congressmen and Senators do insider trading

Congressmen and Senators do insider trading

A place for cordial conversation on any topic at all.

Moderator: YMix

Congressmen and Senators do insider trading

Postby Azrael » Fri May 27, 2011 5:57 pm



from the article:

"We find strong evidence that Members of the House have some type of non-public information which they use for personal gain," the authors concluded.

But, they add, House members' excess equity returns trail those of Senators during the same time period, according to their previous study of investment return of the upper house — some 85 basis points a month. Annualized, that figures to 10.7% per year after compounding.

The smaller returns of Congresspersons compared to Senators "are due presumably to less influence and power held by the individual Members." It's simple math; there are 435 House Members compared to just 100 Senators, so power is more concentrated in the upper house.

Let me translate from the proper academic usage. Members of Congress used inside information gleaned from their positions of power to enrich themselves in the stock market. The more powerful Senators enriched themselves more than members of the House. Like Captain Renault in Casablanca, I'm shocked, shocked!
Eat and drink what you like. Speaking English is apparently what kills you.
User avatar
Azrael
 
Posts: 1596
Joined: Tue Oct 19, 2010 9:50 pm

Re: Congressmen and Senators do insider trading

Postby YMix » Fri May 27, 2011 6:57 pm

Humanity ought to be the first order of interest for humans.
User avatar
YMix
 
Posts: 1406
Joined: Mon Jun 21, 2010 4:36 pm
Location: The Eurabian border

Re: Congressmen and Senators do insider trading

Postby Tinker » Sat May 28, 2011 12:22 am

Insider Trading laws are bizarre. How do you qualify as an Insider? When you know a lot about a stock, are you not allowed to make money off of it then? The natural course of having inside information is that it is going to make you more powerful, that's just it's nature. How do you fight against people gaining power from information?
The canary didn't die because this mine is dangerous, it died because it's lazy and wasn't raised with a proper work ethic.
User avatar
Tinker
 
Posts: 7683
Joined: Mon Jun 21, 2010 2:14 pm
Location: In the Jeweller's workshop.

Re: Congressmen and Senators do insider trading

Postby Hoosiernorm » Sat May 28, 2011 4:07 am

I can never think of anything witty to put into a signature.
User avatar
Hoosiernorm
 
Posts: 1284
Joined: Fri Jul 02, 2010 2:56 pm

Re: Congressmen and Senators do insider trading

Postby Hapax Legomenon » Sun May 29, 2011 1:47 am

Mouse tactics, bitchez!
User avatar
Hapax Legomenon
 
Posts: 228
Joined: Tue Aug 24, 2010 8:16 am


Return to Tea Time

Who is online

Users browsing this forum: No registered users and 3 guests

cron
Install phpBB web hosting