The IRE website will be unavailable while we complete routine maintenance on Friday, December 17 from 8-10 am CT.
IRE favicon

Shop

Resource ID: #18471
Subject: Money And Politics
Source: Business Week
Affiliation: 
Date: Aug. 28

Description

A Business Week investigation finds that members of Congress often invest in companies whose fortunes they could influence. The story reveals that lawmakers often had insider information, which determined their or their relatives' stock trading decisions. For example, the reporter quotes the finding of a marketing professor that many members of the Congress sold tobacco stocks at the time when the antitobacco mood in Washington began to heat up. "The only strict prohibition bars members from voting on or pushing legislation that benefits a very small group ... but if the bill benefits them as ... shareholders, for example, they face no restrictions," the magazine reports.

This file is not available for digital download. IRE members may place an order by emailing rescntr@ire.org

141 Neff Annex   |   Missouri School of Journalism Columbia, MO 65211   |   573-882-2042   |   info@ire.org   |   Privacy Policy
apartmentpenciluserscalendar-fullcrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram