Why isn’t congressional members required to put their holdings into a blind trust?
Why can’t we ban insider trading by Congress members be banned?
How cant these elected officials do “the people’s business” when they are too busy running around trading on the votes they are about to cast?
How one earth can we ever get fair outcomes of issues involving finance, healthcare, or energy when the members so personally have a monetary stake in an outcome they may or may not be in the public interest?
Why aren’t these people in jail?
~~~
1. General Electric (GE)
Members invested: 75 Total value of holdings (max.): $11.41 million Total value of holdings (min.): $3.58 million
Top Congressional Investors Darrell Issa (R.-Calif.) – $1 million to $5 million John Kerry (D.-Mass.) – $616,004 to $1.315 million Michael McCaul (R.-Texas) – $400,003 to $850,000
2. Procter & Gamble (PG)
Members invested: 62 Total value of holdings (max.): $39.42 million Total value of holdings (min.): $8.72 million
Top Congressional Investors Rodney Frelinghuysen (R.-N.J.) – $7.07 million to $35.15 million Michael McCaul (R.-Texas) – $200,002 to $500,000 James B. Renacci (R.-Ohio) – $180,485 to$222,482
3. Bank of America (BAC)
Members invested: 57 Total value of holdings (max.): $5.41 million Total value of holdings (min.): $2.83 million
Top Congressional Investors Rodney Frelinghuysen (R.-N.J.) – $1.02 million to $1.08 million John M. Spratt Jr. (D.-S.C.) – $500,001 to $1 million Dianne Feinstein (D.-Calif.) – $500,001 to $1 million
4. Microsoft (MSFT)
Members invested: 56 Total value of holdings (max.): $6.43 million Total value of holdings (min.): $3.22 million
Top Congressional Investors John Kerry (D.-Mass.) – $1.77 million to $2.55 million Michael McCaul (R.-Texas) – $515,003 to $1.05 million Jane Harman (D.-Calif.) – $130,003 to $350,000
5. Cisco Systems (CSCO)
Members invested: 56 Total value of holdings (max.): $3.24 million Total value of holdings (min.): $1.27 million
Top Congressional Investors John Kerry (D.-Mass.) – $602,005 to $1.28 million Richard L Hanna (R.-N.Y.) – $100,000 to $250,000 Jane Harman (D."“Calif.) – $100,000 to $200,000
6. Pfizer (PFE)
Members invested: 51 Total value of holdings (max.): $4.61 million Total value of holdings (min.): $2.04 million
Top Congressional Investors John Kerry (D.-Mass.) – $752,004 to $1.53 million F. James Sensenbrenner Jr. (R.-Wis.) – $507,005 to $1 million Kurt Schrader (D.-Ore.) – $265,002 to $550,000
7. Intel (INTC)
Members invested: 47 Total value of holdings (max.): $3.21 million Total value of holdings (min.): $1.28 million
Top Congressional Investors John Kerry (D.-Mass.) – $602,005 to $1.28 million Michael McCaul (R.-Texas) – $200,002 to $500,000 Jane Harman (D.-Calif.) – $130,003 to $350,000
8. Wells Fargo (WFC)
Members invested: 45 Total value of holdings (max.): $4.28 million Total value of holdings (min.): $1.71 million
Top Congressional Investors John Kerry (D.-Mass.) – $351,003 to $765,000 Sander Levin (D.-Mich.) – $250,001 to $500,000 David Vitter (R.-La.) – $126,007 to $365,000
9. AT&T (ATT)
Members invested: 44 Total value of holdings (max.): $4.08 million Total value of holdings (min.): $2.23 million
Top Congressional Investors John Kerry (D.-Mass.) – $1.52 million to $2.07 million F. James Sensenbrenner Jr. (R.-Wis.) – $105,877 to $255,876 Richard L Hanna (R.-N.Y.) – $100,001 to $250,000
10. Exxon Mobil (XOM)
Members invested: 42 Total value of holdings (max.): $11.09 million Total value of holdings (min.): $2.74 million
Top Congressional Investors John Carter (R.-Texas) – $1 million to $5 million F. James Sensenbrenner Jr. (R.-Wis.) – $551,185 to $1.05 million Michael McCaul (R.-Texas) – $500,002 to $1 million
Sources: Open Secrets, CNBC,
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Mauris pretium quam
you go man i am in DC poke around all the time for legal “insider” info on tradable congress actions but i happy to see that game lessened for little more honorable govt
Where’s the Occupy Wall Street on this? This by far more outrageous than anything else you can point to. The people in charge of legislation are invested in the companies they legislate? What the f***, pardon my french. There should be blood in the streets.
BARRY! EDITOR – STAT!
Why isn't congressional members required to put their holdings into a blind trust?
Why can't we ban insider trading by Congress members be banned?
How cant these elected officials do "the people's business" when they are too busy running around trading on the votes they are about to cast?
How one earth can we ever get fair outcomes of issues involving finance, healthcare, or energy when the members so personally have a monetary stake in an outcome they may or may not be in the public interest?
1. General Electric (GE)
Members invested: 75
The same GE that pays no taxes? You just can’t make that stuff up.
@beaufou
Sometimes he’s so blind with rage that spelling and punctuation take a back seat (or get tossed out of the car altogether). ~~ It is unfathomable to me that members of congress are not required to have their assets managed in blind trusts. This is a no-brainer which, frankly, I’m embarrassed to say I always simply assumed was the case. That it’s not is a national disgrace.
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