Tuesday, May 4, 2010

Financial Reform, Washington, DC Style

'Lawmakers Bet on Stock Falls,' by Jason Zweig, Tom McGinty and Brody Mullins: 'Some members of Congress made risky bets with their own money that U.S. stocks or bonds would fall during the financial crisis, a Wall Street Journal analysis of congressional disclosures shows. ... According to The Journal's analysis of congressional disclosures, investment accounts of 13 members of Congress or their spouses show bearish bets made in 2008 via exchange-traded funds-portfolios that trade like stocks and mirror an index. ... While some made money, others lost.'

No comments:

Post a Comment