Worth pointing out that the article is about rich politicians elected from around the country. The 700,000 residents of Washington, DC do not have an insider trading problem. Wish the article and the HN headline didn't blame DC for other states' problems.
It’s a colorful proxy word for politicians living in DC. Similar to how a lot of Apple news is about “Cupertino”.
Of course. DC however has an unfortunate history of being ruled more like a colony than a part of a democracy, a consequence of racism, and talking about the city as if the residents don't exist is a part of the problem and perpetuates that consequence of racism. I don't think Cupertino has that problem.
DC has a corruption problem and it goes down both sides of the aisle.
It's not really a problem for most of Wall St or even DC.