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Crony Capitalism Exposed
| November 25, 2011
Mark A. Thiessen writes a Washington Post op-ed which addresses cronyism in Congress relating to insider trading:
Insider trading is illegal — except for members of Congress. A Wall Street executive who buys or sells stock based on insider information would face a Securities and Exchange Commission investigation and quite possibly a federal prosecutor. But senators and congressmen are free to legally trade stock based on nonpublic information they have obtained through their official positions as elected officials — and they do so on a regular basis.
Read the entire article here.