Where have we seen this before? This is the primary reason why a lot of members of the house and Senate eventually leave Washington as millionaires because they have been involved with insider trading for years now. Its also why there is record number of FISA data searches that have been recorded because spying and obtaining sensitive information especially involving private communications between parties at major corporations is at a premium in Washington. Eventually when the house of cards stack finally collapses then maybe something can be done to address this obvious corruption going on with law makers on capital hill.
Trump just endorsed Dave Purdue who is running for Georgia Governor who prior to losing his senate seat in the 2020 election was involved with accusations of insider trading along with Kelly Loefller as well. So why is Trump endorsing him? Either Trump is stupid or he knows something we don’t know, nevertheless its such decisions that I serious have to question Trump on whether he really knows what he is endorsing or the people such as Purdue.
Insider trading on capital hill according to Nancy Pelosi is pretty telling.
Nancy Pelosi scoffed Wednesday at the idea of banning congressional lawmakers and their spouses from owning stock shares of individual companies, despite conflicts between their legislative duties and personal finances.
“We’re a free-market economy,” she said. “They should be able to participate in that.”
Pelosi’s dismissal of the idea of a stock-purchase ban came in response to a question about a Business Insider investigative report this week on stock ownership by lawmakers and after controversies over stock purchases by a number of senators since the beginning of the Covid-19 pandemic.
The Business Insider series found that 49 members of Congress and 182 senior-level congressional staffers had violated the so-called STOCK Act, which requires the public disclosure by themselves and family members within 45 days of sales or purchases of individual stocks, bonds and commodity futures.
The Stop Trading on Congressional Knowledge Act, which became law in 2012, is supposed to prevent lawmakers and staffers from engaging in trading on information they glean from their jobs, as well as conflicts of interest.
But violations of the STOCK Act, if sanctioned at all, usually result in fines of just $200.
Walter Shaub, the former director of the U.S. Office of Government Ethics, blasted Pelosi’s reference to the “free-market economy” in the first of a series of tweets about the lack of a ban on stock ownership by lawmakers.
“It’s a ridiculous comment!” Shaub wrote. “She might as well have said ‘let them eat cake.’ Sure, it’s a free-market economy. But your average schmuck doesn’t get confidential briefings from government experts chock full of nonpublic information directly related to the price of stocks.”
This shit has to be called out for it is, its criminal and when our own lawmakers are violating the law then the rest of the country takes notice to not follow the law either; why should they?