Adverse Selection: Senate Passes Insider-Trading Ban;The article I found talks about insider trading and how the Senate passed bill that will ban insider trading for for Capital Hill. Some have argued that Congress does not have to follow traditional insider trading rules and are allowed to trade as they see fit. Others say that nobody should be allowed insider trading and that it doesn't matter if you are directly involved in the company or an investor.;It appears to me that the approximately 50 members of Congress who have done insider trading feel they are above the law. The only reason why they knew what they did is because Congress was working on legislation that would affect their investment so these people sold their stocks and bonds and investments before the value decreased. The legislation that the Senate passed is being called the Stock Act (Stop Trading on Congressional Knowledge Act). What has made this bill popular and able to pass was the public outrage that has occurred because of some members of Congress doing insider trading. In the end sometimes its better to pass a bill later than not at all. If this legislation doesn't pass the House of Representatives then Capital may be able to keep doing whatever they want.;I think what upsets me the most about this article is that certain members of Congress feel that they can manipulate the rules so that it doesn't apply to them, just us working class people.;www.wsj.com
The article I found talks about insider trading and how the
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