the staff of the Ridgewood blog
Wall Street NY, a bombshell new working paper titled “Captain Gains” on Capitol Hill is sending shockwaves through Washington and Wall Street alike. Authored by economists Shang-Jin Wei and Yifan Zhou, the study reveals a staggering “leadership premium” in the stock market—one that only activates once a lawmaker ascends to a position of power.
the staff of the Ridgewood blog
WASHINGTON, D.C. — For years, more than 100 members of Congress have reported around 10,000 stock trades annually, often posting returns that outperform the market. Now, growing public outrage over potential conflicts of interest has pushed legislation to ban Congressional stock trading one step closer to reality — but the fight is far from over.
the staff of the Ridgewood blog
Washington DC, Elon Musk, head of the Department of Government Efficiency (DOGE), has turned his attention to a pressing issue: how members of Congress have amassed enormous wealth despite earning base salaries of under $200,000 per year.
