Ukraine Shows Why Congress Members Shouldn’t Be Allowed to Own Stocks
If you want to get rich, get elected.
This truism is the worst kept secret in America. As NPR observed: “Young investors have a new strategy: watching financial disclosures of sitting members of Congress for stock tips.”
That racket was reported six months ago, and nothing has changed since. Members of Congress still enjoy unprecedented access to inside information, and whenever there’s a crisis, they are quick to cash in on it. The latest example involves Russia’s invasion of Ukraine.