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..but not to the congresscrooks that we pay to write those laws. See, they exempted themselves. How convenient.
"We took a look at congressional insider trading back in February, as Galleon Group founder Raj Rajaratnam prepared to stand trial on insider trading charges involving 35 stocks, among them Google Advanced Micro Devices etc, It was particularly shocking to find out that if Rajaratnam had been a U.S. senator rather than a $7 billion hedge fund manager when he made the trades in question, there would have been no criminal proceedings at all. Because, as Craig Holman, legislative representative at government watchdog group Public Citizen explained, the Securities and Exchange Act does not apply to members of Congress."