For a multitude of reasons I oppose insider trading laws. Mostly they are used for witch hunts, to convict people who aren't really criminals. A Disneyland for Nazis and prosecutors.
Last week we saw a meteoric rise in the Swiss Franc. The usual malcontents complained of the Swiss Ambush. What do you think happens when news in NOT leaked out. Whatever else can be said about the Swiss, they did not play favorites last week.
Leftists hate it when people make money. They don't mind people losing money especially when the losers can be used as political pawns. Rest assured Elizabeth Warren is searching for victims as we sleep. Somehow, some way, the spinmasters will blame this on greedy speculators. But they won't be able to blame this one on insider trading.
2 comments:
It's a little silly to rant about the advantage of inside information when the SEC allows computer trades that run at warp speed and can buy and sell a security 6 times before an individual investor can make a single trade.
Agree. What 'advantage' did Martha Stewart have?
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