The project on the stock portfolios of members of Congress that Jens and I have been working on for over two years is finally almost done, and now it has been written up by Bloomberg. The paper is tentatively titled “Political Capital: The (Mostly) Mediocre Performance of Congressional Stock Portfolios, 2004-2008”. The writeup looks pretty accurate to me. I was curious what aspect the media would end up focusing on, given that the story is kind of subtle and doesn’t play directly into a corruption narrative. In this case the writer chose to focus on the local premium while telling the rest of the story further down.