WATCH: Stock trading is lucrative business for Congress

Almost 100 former members of Congress have penned a letter to sitting members of Congress asking for a ban on congressional stock trading.

But expect this push to go nowhere.

The idea of banning members of Congress and their families from trading stocks has been bantered about for years. And the end result has led to watery, quasi-prohibitions against congressional members making questionable stock deals — those that give an appearance of impropriety — but without much enforcement.

All carrot and virtually no stick, as money-in-politics tracker OpenSecrets.org has found.

As David Meyers with Open Secrets said: The American people, by a vast majority, want bans on congressional stock trades. But it’s tough to get Congress aboard a true ban. That’s because, as he pointed out, congressional members are their own watchdogs.

For the latest on congressional moves to ban members from stock trades — as well as where these pieces of legislation will likely end — tune in, as David Meyers explains.

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