So You Thought Insider Trading Was Illegal? Guess Again.

This little bit of news pissed me off.

If you work on Wall Street, and use information not available to the public for your own profit, you can go to jail. It's a serious crime. But guess who can use insider information freely, make all the money they want, and do it perfectly legally?

Your Congressman.

That's right, folks. The people who regulate Wall Street and write the laws that determine how your tax dollars are spent, are free to use information that the public doesn't yet know about to make money for themselves.

And use it they do. A recent study shows that our reps are making about 12 percent annually on their investments, in good markets and bad. Bernie Madoff should have had it so good.

There ought to be a law. Yeah, like they're going to pass a law like that.