Even if there is no stomach for such a bill, there is such a thing as ethical conduct and demanding that elected representatives behave accordingly. Many Wall Street firms, in fact, have stringent ethical guidelines about their employees trading in their personal accounts, and prohibit most activity on the grounds that even the appearance of a conflict of interest or of a questionable information edge is not acceptable for those who may be fiduciaries of other people’s money. Most media companies have similar prohibitions. That Congress has fewer ethical restrictions than either journalists or bankers—neither of whom are held in high public esteem, judging from polls—says something about just how ethically challenged Congress actually is.
‘Enforcement 40’ for 2020
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