Congress Gets Rich From Insider Trading

Nobody Remembers

There seems to be no bigger enemy in the country right now than our own Congress.

While they do nothing but stop the President from “Making America Great Again,” one of the most important reasons they hate the man so much, is how much he is exposing the corruption.

For instance: Not many people know that when most Americans lost thousands in their portfolio’s during 2008, many in Congress, really got richer trading their stocks.

From the book: Throw Them All Out by Peter Schweizer

Members of Congress are privy to all sorts of inside information about pending government actions. Some of it comes from their actual actions—that is, passing legislation. Some of it comes as a result of their position of power. Legislators are told things by regulators or bureaucrats in private because they ask about them. While a committee’s public hearings are generally about stagecraft, very frank and detailed conversations often take place behind closed doors. The most valuable information is revealed in private meetings, phone calls and correspondence. If member of Congress buys and trade stock-based on that information, or if they pass that information along to a campaign contributor or their own financial advisers, they are not considered guilty of any wrongdoing. Yes, this is an outrageous standard, but remember they write their own rules.

Yes. Congress can make the laws, and then go home and trade their stocks with their insider knowledge. They did in in 2008.

John Kerry was famous for short selling millions during 2008. So was Dick Durban. With the news they got beforehand of what the government was going to do, they went out and bought stocks, or sold the ones they knew would be destroyed.
For example; while TARP was being crafted, John Kerry started buying $550,000 in Citigroup stock. He also bought $350,000 in Bank of America. DAYS later, it was announced the Citigroup was getting $25 billion from TARP. John Kerry made MILLIONS off of trading stock with insider info.

But Martha Stewart went to jail for the same crime.

Knowing that Congress can trade with such insider knowledge, and it’s LEGAL, explains how they all go in making $170,000 and come out millionaires.

It’s legal for them.

Knowing this, you can bet that Mitt Romney and Paul Ryan both made a lot of money from insider trading.

After 2008, millions of people lost their retirements. We were made to ‘bail’ out the banks. And at the same time, Congress actually MADE money.

Remember Michael Moore who was always knocking capitalism? Did you know that his own wealth comes from his investments in the very companies he hates?

The same with Bernie Sanders, Pelosi, and all those who claim to be against the rich 1 percent.

It’s all just a scam to get more money from YOU.

One more example:

“A few years before this narrow pharmaceutical debate, the Kerry’s went on a big stock buying spree involving more than one hundred health care transaction over a period of several months. The end result was capital gains of at least $500,000, and possibly as high as $2 million. It happened in 2003 when Congress was debating what would become the largest overhaul of the Medicare Prescription Drug Act.

Knowing this: You can now laugh when Nancy Pelosi says, “Nobody is Above the Law.”

What a lie. And yet, nobody is talking about this at all are they?

What sheeple we are.

June 13, 2019 Posted by Joyanna Adams | American History, corruption | Congress, corruption | Leave a comment