Members of Capitol Hill have been debating whether there should be restrictions on their investments in the stock market and directly into companies, particularly those in which their legislative actions have implications. It’s one of the saddest states of our government that this is even debated; in any institution that isn’t marred by corruption, this shouldn’t even be a question. But we’re talking about Congress where shady deals happen every day.
Detroit Lions offensive lineman Tyrell Crosby had a question he posted to Twitter.
“If as an NFL player we aren’t allowed to bet on games(which I fully agree with), why are government officials allowed to buy stocks/stock options?”
If as an NFL player we aren’t allowed to bet on games(which I fully agree with), why are government officials allowed to buy stocks/stock options?
— Tyrell Crosby (@Tyrellcrosby) January 18, 2022
Crosby majored in public policy and management while at Oregon, so he’s not asking the question as an uninformed citizen. It’s a question that more and more people have been asking, and considering his Tweet received over 50,000 retweets and 300,000 likes, there’s a good chance more people will be asking similar questions.
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Sports Illustrated reported:
According to Insider, 54 members of Congress “failed to properly report their financial trades” as directed by the Stop Trading on Congressional Knowledge Act of 2012. The penalty for failing to quickly disclose a trade is a relative pittance for most members of congress, usually totaling $200.
In the first few weeks of the COVID-19 pandemic, members of the U.S. Senate sold millions of dollars worth of stocks after a briefing on the virus. There has been a renewed push to ban all trades by members of congress from both sides of the aisle in recent weeks.
Betting on games has long been banned for athletes, and as Crosby says, for good reason. And he likely isn’t alone in believing that other high-profile professions should be held to similar ethical standards.
It’s sad that Congress has to debate the issue of whether or not they should be investing in companies they can directly affect, but it’s even sadder that this issue hasn’t been remedied by now. Shows how corrupt Capitol Hill really is.
They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We just launched a GiveSendGo page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!
JD Rucker
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