Congressmen Beat the Market, Leveraging their Insider Information

American Public Media’s Marketplace reported that Congressmen have on average fared 1 percent better than the overall stock market on their personal investments, according to Georgia State University business professor Alan Ziobrowski.  Said Ziobrowski, “We have every reason to believe they are trading on information that the rest of us don’t have.”   Acording to the Marketplace report, Minority Leader John Boehner sold $40,000 in mutual funds the day after attending a small briefing with Treasury Secretary Hank Paulson and Fed Chairman Ben Bernanke in September ’08 after the duo had dashed to Capitol Hill to tell a small group of legislators that the country was teetering on the edge of financial catastrophe.