Ba-Da-Bing! When Senate Democrats finally brokered a compromise over the proposed health-care law, according to the Wall Street Journal report, 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 ...
Read more at http://online.wsj.com/article/SB10001424052970204844504577100260349084878.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsForth
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