A suggestion I once saw I would also accept is to require all members of Congress investments to be 100% public in real time. So at the very least you can ride along.
There would need to be something with family too, as you know they'd have no problem just having their kid do the trades and give 10% to the big guy.
"Making" money from buying and selling is always a game of the bigger idiot. The system doesn't work unless there's a bigger idiot willing to pay more than something is worth, or willing to sell for less (sometimes not due to being an idiot but merely desperate... of course, they became desperate somehow...).
If they were all public trades, there would be no reason to be on anything other than the winning side, so there would be no suckers to make up the difference.
Therefore making insider trading as a congressman generally useless. There'd still be idiots to take money from otherwise, but Congress ability to do so would be extremely limited.
A suggestion I once saw I would also accept is to require all members of Congress investments to be 100% public in real time. So at the very least you can ride along.
There would need to be something with family too, as you know they'd have no problem just having their kid do the trades and give 10% to the big guy.
"Making" money from buying and selling is always a game of the bigger idiot. The system doesn't work unless there's a bigger idiot willing to pay more than something is worth, or willing to sell for less (sometimes not due to being an idiot but merely desperate... of course, they became desperate somehow...).
If they were all public trades, there would be no reason to be on anything other than the winning side, so there would be no suckers to make up the difference.
Therefore making insider trading as a congressman generally useless. There'd still be idiots to take money from otherwise, but Congress ability to do so would be extremely limited.