Wednesday, August 8, 2018

When Stocks And Politicians Mix. Congressman Indicted

      A Republican congressman from New York has been indicted on insider trading charges. Many other politicians have become enriched from stock deals that are not illegal, but that are not available to the average unconnected person. Politicians prove time and time again that they cannot separate their personal financial interests from their politics.
      The few firewalls in place are not enough. During the time congressmen, congresswomen, senators and other leaders are in office, they should not be allowed to hold individual stock positions, and their assets should go into blind trusts. This will help prevent conflicts of interest, make for better governance, and disincentivize politics as the road to riches.
       

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