This country has not only deregulated industry and banking, we have apparently also deregulated ethics, law, and common sense.
Congresspersons and federal regulators have been gorging themselves on insider information while we have been gorging ourselves on hot dogs and beer.
And I love this. The reason many are giving why we shouldn’t regulate stock trading by members of Congress? This would discourage people from running for office.
What? Discouraging greedy folks from running for public office is exactly why we need to ban stock trading by public officials. We need to elect people who are in it to advance democracy and good public policy, not personal and family bank accounts.
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