Quote:
When Senate Democrats finally brokered a compromise over the proposed health-care law, a group of hedge funds were let in on the deal, learning details hours before a public announcement on Dec. 8, 2009.
The news was potentially worth millions of dollars to the investors, though none would publicly divulge how they used the information. They belong to a select group who pay for early, firsthand reports on Capitol Hill.
Seeking advance word of government decisions is part of a growing, lucrative -- and legal -- practice in Washington that employs a network of brokers, lobbyists and political insiders who arrange private meetings between hedge funds and officials, including lawmakers and their aides.
how is this any different than what rajan raghuram was doing with his "expert networks"
HOW IS THIS NOT BLATANT INSIDER TRADING WATTTTTTTTTTTTTTTTTTTTTTTTTTT