Now, this is called insider trading in the private sector, and people are going to jail for it. Whether one thinks that insider trading is a crime that deserves punishment is not even the issue here.I'll just add this: That highlighted statement encapsulates everything I've been writing about for months about the Federal rape of the rule of law.
What is stunning is that while insider trading is illegal in the private sector, it is totally legal for government employees to do it, because insider-trading laws don’t apply to Congress. Basically, Congress passed a law making insider trading illegal for the private sector and exempted itself. [emphasis added]
Some lawmakers find the double standard shocking, and a few years back, a few of them proposed a bill that would prevent members and employees of Congress from trading securities based on nonpublic information they obtain. That bill went nowhere.
Every single person engaged in this — since they can't be jailed or deported, as they deserve — should be shunned by every person who learns their names. Restaurateurs should refuse to feed them. Gasoline station owners should refuse to sell them gas. Banks should refuse to accept their deposits.
This policy – once in force in many subtle ways in America – is the one, peaceful and unstoppable method of public protest that would truly bring the Federal government to heel. Associate the appropriate consequences once again with immoral behavior and it would taper off to a livable hum, as it was in generations past.
Waiting for Congress to tame itself, no matter who is elected — as the old Samuel Johnson saying goes — represents the triumph of hope over experience.