Reports of a legalized insider-trading scheme in Congress led the legislative branch to try to regulate its own bad behavior, but law professor Jonathan Macey writes in The Wall Street Journal that their efforts won't amount to much. “What Congress really wants is to keep making the big bucks that come from trading on inside information but to trick those outside of the Beltway into believing they are doing something about this corruption.” The new rules would make profiteering easier by making the exact regulations easier to evade.
