Invest with the Senate!

Blogenfreude writes:
"You will all recall that Bill Frist, Senate Majority Leader and video diagnostician, is currently being investigated by the SEC for insider trading. Frist apparently lied about the reason he sold his stock at the top of the market."
"But Bill is but one thread in a much larger investment tapestry."
A New Yorker piece cites a study that places Frist's "good fortune" into context and perhaps gives a little insight into how eager the rest of the senate will be to clamp down on the Majority Leader.
"[the study] looked at six thousand stock transactions made by senators between 1993 and 1998. Over that time, senators beat the market, on average, by twelve per cent annually."
Now, when a "genius" mutual fund manager beats the market by 2-3% per year, how is it that our elected representatives beat the market by 12% -- on average? I guess that's why they're senators, huh? Smart folks.

Smart folks like these would probably use a word like perspicacious or shrewd. I might use a word like unethical or scummy, but what do I know, I'm just a rube with a BA who's never held public office. (Agitprop)

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