UPDATE: Law Applies To Everyone Or It Means Nothing

Yeah.

Somebody tell Congress.

This might explain why they come out as millionaires.

UPDATE: I think this needs more amplification (here’s the second paragraph):

Abstract: A 2004 study of the results of stock trading by United States Senators during the 1990s found that that Senators on average beat the market by 12% a year. In sharp contrast, U.S. households on average underperformed the market by 1.4% a year and even corporate insiders on average beat the market by only about 6% a year during that period. A reasonable inference is that some Senators had access to – and were using – material nonpublic information about the companies in whose stock they trade.

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