‘The “60 Minutes” piece last week on the free pass members of Congress get when it comes to trading on nonpublic information they routinely receive opened a lot of eyes. But it came as no surprise to reform advocates or academicians who have studied the investing skills of federal lawgivers for years.
A 2004 study concluded that U.S. senators outperformed the stock market by 12 percent annually during the 1990s, about twice as well as corporate insiders did. A more recent study concluded that members of the House of Representatives outperformed the broad market by about 6 percent annually.’ (via Post-Gazette, with thanks to abby)

