The Existence of a Plutocracy: Verified?
So Congressmen can legally trade on inside information? Apparently so.
It seems so far-fetched, so unfair, so potentially corrupt, that it's tempting to dismiss the 60 Minutes piece as a pure connect-the-dots conspiracy theory. But if it's true, it's verification that we have a quasi-plutocracy in this country -- in which Wall Street and government people regularly play footsie under the table to the detriment of everyone else.Update
-- Here's more.
It seems to be more about the appearance of trading on inside information, rather than actually establishing a connection. That nudges this a little toward the conspiracy-theory zone. But it's still fascinating stuff. Is Congress really exempt from insider trading laws? It's simply unfair.