I think everyone in Congress should have their money placed into blind trusts or perhaps pooled into a fund which simply tracks the Dow and/or NASDAQ. There should be no incentive to pass any legislation because of how they may personally profit from it. They should either be ignorant of what they own, or else know that their fortune rises and falls with the broad market indexes.
They do, see post 15.
The suggestion about blind trusts for Congress is valid, but Loeffler has maintained that all her stock, and all of her husbands, are in blind trusts. She had a few earlier trades in late January, but by Feb. 26 and March 11 there had been a lot of info that had come out about the virus. I dpn’t think there is any requirement that somebody waits until the market has completely tanked before selling.
Amen amen! So many of us have taken hits in 2009 and again this year, while the elites of both parties get rich at our expense. It makes me absolutely furious!!!