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Politics

Study Suggests Insider Trading by Congressmen->

Submitted by Belteshazzar
Belteshazzar writes "Four university researchers examined 16,000 common stock transactions made by approximately 300 House representatives from 1985 to 2001, and found what they call "significant positive abnormal returns," with portfolios based on congressional trades beating the market by about 6 percent annually."
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Comment: Control by those with the most to lose (Score 0) 427

by Belteshazzar (#35012998) Attached to: Senators Bash ISP and Push Extensive Net Neutrality

Broadband Internet access is a direct threat to the companies that control the traditional delivery of voice and video. These companies have spent a tremendous amount of resources to tightly control broadband access in the US in order to protect and maximize their profit from these traditional services before they are inevitably forced to change. Rolling out more access to better cheaper Internet is in direct conflict with their core business models. Through their efforts, these companies have gained local monopolies on the public resources used to deliver broadband access and fight tooth and nail against any intrusion into that monopoly all while trying to claim free market protection.

It is the government's job to regulate the use of limited public resources in order to maximize its use by the public. I would like to see them do a better job at this and it seems like Al does too.

Never have so many understood so little about so much. -- James Burke

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