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Will politicians profit in shutdown?

Published October 2, 2013 1:01 am

This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Everybody seems to think that the Republicans will be the big losers if they precipitate a government shutdown through their intransigence on the current budget proposal and ACA.

Considering that Congress has the most powerful influence over the economy of all government bodies — including the Fed and the SEC — doesn't it force us to ask who will profit from the looming shutdown? Who will be the big winners?

I wonder how many members of Congress, of both parties, have taken short positions in the stock market and have advised their cronies to do likewise.

James D. Smith

South Salt Lake