A Democratic congressman who represents Wall Street recently sold shares in a troubled California bank just days before the stock plummeted in value.
‘Outnumbered’ co-hosts debate the proposed ‘Pelosi Act’ which would ban lawmakers from trading stocks.has become one of Congress's most prolific stock traders, and recently sold shares in a troubled California bank just days before the stock plummeted in value.
PacWest's stock was valued at $27.40 when Goldman sold his shares but dropped to about $5.75 as of Friday, entering a freefall after"The timing doesn't look good, and that's for sure," Dylan Hedtler-Gaudette of the Project on Government Oversight told the Washington Examiner."It's just another reason why the practice of members of Congress trading stocks is so problematic.
DEMOCRAT, REPUBLICAN JOIN FORCES TO BAN MEMBERS OF CONGRESS FROM TRADING STOCKS WHILE ON TAXPAYERS' DIME Goldman's office told Fox News Digital that the congressman doesn't manage his own stock trades and backs legislation to ban federal lawmakers from trading stocks.
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