An independent podcast examining what the U.S. Congress is doing with our money and in our names. www.congressionaldish.com Follow @JenBriney on Twitter
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Are Legislators Beating The Market With Insider Information?
MP3•Episode home
Manage episode 343775511 series 2610829
Content provided by University of Chicago Podcast Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by University of Chicago Podcast Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
There might not be a more controversial political hack than members of Congress being legally allowed to trade stocks. Infamously, House Speaker Nancy Pelosi, one of the wealthiest members of Congress, has been regularly accused of insider trading. Recently the House of Representatives has introduced a bill that would prohibit members of Congress, their spouses, and children, from trading stocks. Although the bill has stalled, it's renewed a really important lingering question: are members of Congress actually advanced investors, and how much are they benefiting from inside information? In a 2014 paper by University of Chicago's Andy Eggers and Stanford University's Jens Hainmueller titled, Political Capital: Corporate Connections and Stock Investments in the U.S. Congress, they look at a wide data set of investments made by hundreds of members of Congress between 2004 and 2008, to see whether or not they're getting an unfair advantage. The results may surprise you.
…
continue reading
119 episodes
MP3•Episode home
Manage episode 343775511 series 2610829
Content provided by University of Chicago Podcast Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by University of Chicago Podcast Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
There might not be a more controversial political hack than members of Congress being legally allowed to trade stocks. Infamously, House Speaker Nancy Pelosi, one of the wealthiest members of Congress, has been regularly accused of insider trading. Recently the House of Representatives has introduced a bill that would prohibit members of Congress, their spouses, and children, from trading stocks. Although the bill has stalled, it's renewed a really important lingering question: are members of Congress actually advanced investors, and how much are they benefiting from inside information? In a 2014 paper by University of Chicago's Andy Eggers and Stanford University's Jens Hainmueller titled, Political Capital: Corporate Connections and Stock Investments in the U.S. Congress, they look at a wide data set of investments made by hundreds of members of Congress between 2004 and 2008, to see whether or not they're getting an unfair advantage. The results may surprise you.
…
continue reading
119 episodes
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