6 Gabriel'S. Lenz and Kevin Lim, "Getting Rich(er) in Office? Corruption and Wealth Accumulation in Congress," http://papers.ssrn.com/Sol3/papers.cfm?abstract_id=1450077, July 2009.
7 http://www.reuters.com/article/2008/03/13/us-usa-congress-wealth-idUSN1330776120080313.
8 http://chartingtheeconomy.com/?page_id=27.
9 http://www.cbsnews.com/stories/2009/02/12/national/main4798225.shtml.
10 Kevin Drawbaugh, "Get Elected to Congress and Get Rich: Study," Reuters, March 13, 2008.
11 Alan J. Ziobrowski et al., "Abnormal Returns from the Common Stock Investments of the U.S. Senate," Journal of Financial and Quantitative Analysis, vol. 39, no. 4, 2004, and Brad M. Barber and Terrance Odean, "Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors," Journal of Finance, April 2000, and Leslie A. Jeng, Andrew Metrick, and Richard Zeckhauser, "Estimating the Returns to Insider Trading: A Performance-Evaluation Perspective," Review of Economics and Statistics, May 2003.
12 Alan J. Ziobrowski et al., "Abnormal Returns from the Common Stock Investments of Members of the U.S. House of Representatives," Business and Politics, vol. 13, 2011.
13 Andrew Eggers and Jens Hainmueller, "Political Investing: The Common Stock Investments of Members of Congress, 2004–2007," http://www.gsb.stanford.edu/facseminars/events/political_economy/ documents/pe_10_10_hainmueller.pdf.
14 http://www.bloomberg.com/news/2010-12-21/u-s-lawmakers-top-market-with-home-district-companies-stocks-study-says.html.
15 Jiekun Huang and Meng Gao, "Capitalizing on Capitol Hill: Informed Trading by Hedge Fund Managers," http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1707181, April 18, 2011.
16 Ahmed Tahoun and Laurence Van Lent, "Personal Wealth Interests of Politicians and Government Intervention in the Economy: The Bailout of the U.S. Financial Sector," http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1570219, December 31, 2010.
17 Gerald W. Scully, "Congressional Tenure: Myth and Reality," Public Choice, no. 83, 1995, and http://www.usatoday.com/news/washington/2009-01-05-new-congress_N.htm.
18 John P. Foley, ed., The Jeffersonian Cyclopedia: A Comprehensive Collection of the Views of Thomas Jefferson, Classified and Arranged in Alphabetical Order (New York: Funk and Wagnalls, 1900), p. 346.
19 Richard Painter, "Bailouts: An Essay on Conflicts of Interest in Ethics When Government Pays the Tab," McGeorge Law Review, vol. 41.
20 George Washington Plunkitt, Plunkitt of Tammany Hall (Gloucester, UK: Dodo Press, 2009), p 14.
21 Plunkitt, Plunkitt of Tammany Hall, p. 10.
22 Robert A. Caro, The Years of Lyndon Johnson: Means of Ascent (New York: Vintage, 1991), pp. 102–4.
23 Ziobrowski et al., "Abnormal Returns from the Common Stock Investments of the U.S. Senate," Journal of Financial and Quantitative Analysis, vol. 39, no. 4, December 2004, p. 662.
24 Thomas Peter Lantos, Financial Disclosure Statement, 2007, Schedule III—Assets and Unearned Income.
25 Timothy P. Carney, The Big Ripoff: How Big Business and Big Government Steal Your Money (New York: John Wiley and Sons, 2006), p. 79.
26 Carney, The Big Ripoff, pp. 80–81.
27 Daniel Michaels, "As Boeing Hits Turbulence, Uncle Sam Flies to Its Aid," Wall Street Journal, December 10, 2009.
28 William J. Hunter and Michael A. Nelson, "Tax Enforcement: A Public Choice Perspective," Public Choice, no. 82, 1995.
29 Maria C. Correia, "Political Connections, SEC Enforcement and Accounting Quality," Rock Center for Corporate Governance, Working Paper No. 61, July 2009.
30 Frank Yu and Xiaoyun Yu, "Corporate Lobbying and Fraud Detection," Journal of Financial and Quantitative Analysis, forthcoming.
31 R. Patrick Rawls and David N. Laband, "A Public Choice Analysis of Endangered Species Listings," Public Choice, no. 121, 2004.
32 John R. Gist and R. Carter Hill, "The Economics of Choice in the Allocation of Federal Grants: An Empirical Test," Public Choice, no. 36, 1981.
33 http://voices.washingtonpost.com/local-breaking-news/dc/7-of-10-richest-counties-in-dc.html.
1. THE DRUG TRADE
1 Tom Daschle and David Nather, Getting It Done: How Obama and Congress Finally Broke the Stalemate to Make Way for Health Care Reform (New York: Thomas Dunne Books, 2010) , p. 11.
2 John Kerry, Financial Disclosure, 2011 and previous years.
3 http://www.nytimes.com/2009/08/06/health/policy/06insure.html.
4 John Kerry, Financial Disclosure, 2009, Schedule IV—Transactions.
5 Daschle and Nather, Getting It Done, pp. 178, 226.
6 Melissa L. Bean, Financial Disclosure, 2009.
7 Jared Polis, Financial Disclosure, 2009.
8 http://www.medicaltourismmag.com/newsletter/48/medical-tourism-expands-as-alternative-to-obamacare.html.
9 http://www.bridgehealthmedical.com/about-us/media-room/coverage/Company_cuts_medical_costs_by_sending_patients_to_US_hospitals_not_overseas.
10 Andrew Pollack, "Critics Say 12 Years Is Too Long to Protect Biotech Drugs from Generics," New York Times blog, Prescriptions: The Business of Health Care, October 15, 2009.
11 Richard Gayle, "Healthcare Reform Gave Biotech Everything It Wanted, and More," http://www.xconomy.com, March 24, 2010.
12 "Factbox: Winners, Losers, in House Healthcare Bill," Reuters, March 22, 2010, and Vanessa Fuhrmans, "Tax on High-End Health Plans Threatens Wider Group," Wall Street Journal, August 10, 2009.
13 http://query.nytimes.com/gst/fullpage.html?res=9400E5D91331F935A25756C0A9619C8B63.
14 Johnny Isakson, Financial Disclosure, 2007, and Sheldon Whitehouse, Financial Disclosure, 2007.
15 James Sensenbrenner, Financial Disclosure, 2003.
16 James Oberstar, Financial Disclosure, 2003.
17 Jeb Bradley, Financial Disclosure, 2003.
18 John Kerry, Financial Disclosure, 2003.
19 John Kerry, Financial Disclosure, 2005, which reports on his capital gains for 2004.
20 John Kerry, Financial Disclosure, 2004, Part IV—Transactions.
21 John Kerry, Financial Disclosure, 2003.
22 Max Baucus, Financial Disclosure, 2010, Part IV—Transactions.
23 John Boehner, Financial Disclosure, 2009.
24 http://voices.washingtonpost.com/ezra-klein/2009/12/the_death_of_the_public_option.html.
25 http://ipo.nasdaq.com/edgar_conv_html/2006/02/10/0000812796-06-000010.html.
26 Jim McDermott, Financial Disclosure, 2004, 2005.
27 Amo Houghton, Financial Disclosure Statement, 2005, Addendum, stock transactions with Market Street Trust Company.
28 Amo Houghton, Financial Disclosure, 2003.
2. CRISIS FOR ALL, OPPORTUNITY FOR SOME
1 "President Bush Discusses Emergency Economic Stabilization Act of 2008," FDCH Regulatory Intelligence Database, October 3, 2008.
2 Spencer Bachus, "Confronting the Crisis," National Mortgage News, February 2, 2009.
3 Henry M. Paulson, Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System (New York: Business Plus, 2010), pp. 13, 153, 220, 296, 299.
4 The VIX is an index that measures the implied volatility of Standard and Poor's 500 index options. Between 1990 and September 2008, the VIX averaged 19. By the end of October 2008, at the height of the crisis, it reached a high of 89.
5 Bachus, "Confronting the Crisis."
6 "End of Illusions," Economist, July 17, 2008.
7 Paulson, On the Brink, p. 153.
8 Spencer Bachus, Financial Disclosure, 2009.
9 http://financialservices.house.gov/press/PRArticle.aspx?NewsID=1684, and "FASB Delays Rule Affecting $10.5 Trillion in Bonds," National Mortgage News, August 21, 2008.
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