May I respectfully ask what point you are trying to make? Do you feel that anyone should have greater access to valuable information that others (like you and I) don't have?
My point is that these people are purportedly serving their country. As far as I can tell, the purpose of politics has become a method of financial success as opposed to actual service. Millions are invested to win these positions, are they a kind of investment in their own right. Do you run for office to win the jackpot? Sadly, I think that is exactly what it has become, a money game, and damn little concern for the nation itself.
As for their investments being online, does this happen the moment they make the trade? Could I (or you) see what they buy and buy at the same price (more or less) and thus negate their advantage? Can thy invest in a stock knowing that a contract will soon be forthcoming that will lift its value? Is this what they should be doing with their time?
You've seen enough of me in the last year to (hopefully) know that I don't have a chosen side. I just want my country to prosper and for all boats to be lifted. I am very critical of our rulers based on their performance, not based on their suffix initial.
I'm no expert on politics - or anything else for that matter. Sure, I have opinions© but I don't over-value them. I'm very amenable to changing my mind when someone else proposes something that makes more sense to me than my own thoughts. Until I'm otherwise convinced, I am of the opinion© that the rulers and their lackeys should not get an investment advantage. They shouldn't be buying stocks at all if there is any way they can influence the outcome of those stocks, directly or indirectly. Actions cause reactions. If you were able to take actions and gain from those reactions, should you be doing that instead of your job?
OK, I got it.
The staffers have a lot of opportunity to benefit from working for the elected officials. The reason there is a law against insider trading is to (attempt to) insure a level playing field. I'm glad they finally made some effort to cut back on this. Took until 2012 to even prohibit this.
IMO no one is above the law, nor should an elected leader see their position as an opportunity to aggrandize themselves.
I'm also opposed to their being able to park anywhere in DC without being ticketed/towed. We're Americans, we abhor the notion of royalty or special classes.
Who left the fridge open?
Anyone find the bill number, and read the actual bill, or are you trusting a reporter?
I hope nobody is trusting a reporter...