Monday

Interesting Video About my Book

This was a really interesting video I found on YouTube (Link Below). The video is a 60 minute video clip. The video clip actually focuses not only on the subject of the book I am planning on doing for my 2nd semester book, but it also interviews the author of my book, Through Them All Out. Off the bat, the amount of research that went into the book amazed me. The fact that Peter had a team of eight people, not including himself, working on this book shows how motivated Peter is by the subject. All of this research comes together and shows how congress is able to trade on daily information that is unable to the public. The example given is with medical stocks and if congress is working on a law or viewing this medical drug, they are able to trade the stock on information that the public is unaware of. This is why members of congress leave with so much more money then they are supposed to make off the salary. While members of congress are serving the public, some join in order to be a part of this "legalized" form of insider trading. Initial public offerings are also a way for corporations to give a senator money, rather then giving that person cash. This is because giving a senator an option to an IPO is legal, where as giving that senator cash is not. These IPO's are very valuable and can make these senators more money than the corporation would have offered them, yet it is not illegal to do so. Land is also another concern when talking about congress. Congress is able to put money into various areas, but these areas usually help benefit their housing value. There is a lot of controversy over this issue, and it makes me more intrigued to learn about what Peter is trying to explain to the public. http://www.youtube.com/watch?v=l3DZh1109W8

No comments:

Post a Comment