Did you know that Congress has exempted themselves from insider trading rules. Perhaps that is why the net worth of Congress is $2.04 Billion!
"But why were so many members of Congress so successful at investing in 2009 . . . the year after the financial meltdown . . . when the rest of America’s investors were losing their collective rear ends?
Could it be because members of Congress have access to ‘insider’ information on pending legislation that can mean swings of millions, if not billions of dollars to and from NYSE and NASDAQ listed corporations?"-Political Buzz Examiner
Can someone explain to me how Sen. Mitch McConnell can have a net worth in excess of $27 Million when he has been an elected official for more than 30 years?
Back in 2005, McConnell's net worth was somewhere between $1,645,032 and $4,278,999, ranking him the 38th richest Senators. After six years when the economy has flatlined, McConnell now has a net worth of $27 Million and he's now the 12th wealthiest Senator. Pretty good, for a guy who has evidently NEVER had a private sector job.
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