The problem is, according to 60 minutes, government officials only have to disclose their trades once/year. A couple in congress have tried to change the law to quarterly but of course that goes nowhere.
Even if we change disclosure laws to zero day (haha, good chance) it still doesn't fix the obvious bribing with IPOs. The fact that it isn't legally a bribe is laughable.
I doubt it. The example of getting preferential access to stock market IPOs wouldn't be able to be acted upon by the general public. Also several of the examples cite timing between a trade and the price moving event as a few days. Usually financial discloser reports are only made on a yearly basis and if you go to the congressional website http://clerk.house.gov/public_disc/financial-search.aspx there is a disclaimer saying that the use of the information for commercial purposes is illegal.
