The Senate has severely scaled back the Stock Act, the law to stop members of Congress and their staff from trading on insider information, in an under-the-radar vote that has been sharply criticised by advocates of political transparency

The Senate has severely scaled back the Stock Act, the law to stop members of Congress and their staff from trading on insider information. “Old ways to get rich: Invent good stuff. New ways to get rich: Insider trading. Taxes and rents. Capital raids.” Well, as a famous 1/32 Cherokee said, “you didn’t build that.” In other words, “Where’s my cut?”

Author: Bonfire of the Absurdities

After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

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