Did they really think they weren't trading on inside information?
I'm talking about our congresspersons, the ones who bought and sold stock of companies whose business was affected by legislation that was being considered in committee or in one of the houses of Congress.
The Washington Post reported on June 23 that 130 members of Congress—almost evenly split among Republicans and Democrats—have traded the stocks or bonds of companies that were actively lobbying for or against legislative proposals, while the legislation was being actively under consideration.
The distinction is not a fine point. It's a grotesquely obvious loophole. The senators and representatives who did such trading should be ashamed of themselves.
The ethics committees of both houses should start some high-energy investigating. These people are enriching themselves while they're supposed to be doing the people's business.