House files brief

CONGRESS CAN’T BE INVESTIGATED.  “In a little-noticed brief filed last summer, lawyers for the House of Representatives claimed that an SEC investigation of congressional insider trading should be blocked on principle, because lawmakers and their staff are constitutionally protected from such inquiries … Continue reading

Political intelligence in the shadows

POLITICAL INTELLIGENCE AND PROSPECTS OF REGULATION.  Bloomberg.   The story highlights the “shadowy Washington business of ‘political intelligence’—gathering inside information on executive, legislative, and regulatory developments and selling it to Wall Street investors, who pay large sums to keep abreast of … Continue reading