alt Hacker NewsThe point was that the definition of insider trading does not extend to politicians buying/selling from their "insider knowledge" as it's not internal business knowledge. Hence it is legal (in Germany) for politicians to buy/sell right before passing laws which influence the valuation of companies.
Which I may add: you could've easily found out yourself too if you looked up what I wrote.
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Which laws get passed under complete secrecy that politicians can trade based on? They are usually debated for months/years. Even if something is rushed through fast (like during COVID?) it is public knowledge.
The issue in America is the president has more power to act unilaterally (maybe to address his/her own interests, maybe not) than any European politician.
> Hence it is legal (in Germany) for politicians to buy/sell right before passing laws which influence the valuation of companies.
Are you sure about that? European legal theory for insider trading implicitly covers more cases than the US without needing to explicitly enumerate them as far as I understand (in a nutshell, trading on insider information is illegal regardless of the source or whether any fiduciary duty was breached), and I'd be surprised if this case were not covered.