Anyone ever wonder how those new politicians can turn a few bucks when they first get elected into millions when they quit, retire or are thrown out. I believe there is a term for it, its called “Insider Trading”.
One magazine called her trading the equivalent of buying a pair of ice skates on day one and winning an Olympic Gold medal in figure skating on day two.
From Wiki:
“In a 1998 article, Marshall Magazine, a publication of the Marshall School of Business, sought to frame the trading, the nature of the results, and possible explanations for them:
These results are quite remarkable. Two-thirds of her trades showed a profit by the end of the day she made them and 80 percent were ultimately profitable. Many of her trades took place at or near the best prices of the day.
Only four explanations can account for these remarkable results. Blair may have been an exceptionally good trader. Hillary Clinton may have been exceptionally lucky. Blair may have been front-running other orders. Or Blair may have arranged to have a broker fraudulently assign trades to benefit Clinton’s account.”
According to a 2011 Forbes article, congressional insider trading is not illegal.
>Anyone ever wonder how those new politicians can turn a few bucks when they first get elected into millions when they quit, retire or are thrown out. I believe there is a term for it, its called “Insider Trading”.
To add insult to injury, they also get to suckle from the taxpayer teet for the rest of their miserable lives; get immediately hired by those that kicked-back (for a hefty ‘income’); then get to lobby those they most recently worked with (the ‘esteemed’)....yep, all w/out a smidge of ethics violations, inappropriatness or ‘illegality’