Posted on 01/16/2017 1:59:30 PM PST by Alter Kaker
Washington (CNN)Rep. Tom Price last year purchased shares in a medical device manufacturer days before introducing legislation that would have directly benefited the company, raising new ethics concerns for President-elect Donald Trump's nominee for Health and Human Services secretary.
Price bought between $1,001 to $15,000 worth of shares last March in Zimmer Biomet, according to House records reviewed by CNN.
Less than a week after the transaction, the Georgia Republican congressman introduced the HIP Act, legislation that would have delayed until 2018 a Center for Medicare and Medicaid Services regulation that industry analysts warned would significantly hurt Zimmer Biomet financially once fully implemented.
(Excerpt) Read more at cnn.com ...
Well, if it’s from CNN, we should wait to see what the actual facts are before we react.
It could be good if it means Congress can go forward with repeal without waiting for near-simultaneous replace.
Congress exempted itself from insider-trading laws.
https://theintercept.com/2015/05/07/congress-argues-cant-investigated-insider-trading/
If true, dump him immediately.
Beat me to it. Nothing illegal here. Both parties do this stuff as standard practice. It’s how they all get rich.
This is no reflection in Trump at all. It just shows the nature of the DC swamp.
Wow, CNN suddenly cares about corruption? Where are the articles on the Clinton Foundation?
Not cool.
Of course, we need a credible source first, CNN is the one reporting it.
“Well, if it’s from CNN, we should wait to see what the actual facts are before we react.”
True.
However, one must consider that each of the members of our political class is irredeemably corrupt and depraved. Every one, individually, without exception.
Trump has either ignored or accepted that in a number of cases. That has to have consequences.
If true, can't we find somebody from outside the swamp? There are at least a few honest hardworking Americans who aren't stealing money from taxpayers. At least I think there are.
Oh, for goodness sake, Congresscritters do this all the time. It is legal! They made certain of it. Pelosi regularly helps companies she and her husband own. They had a big interest in a tuna company in a US territory. She delayed the minimum wage law there until they had sold it. She and her husband own a military contractor. She sends business their way all the time. When she became speaker I got the job at General Dynamics to go through her company’s catalog and convert as many parts as possible over to them as the supplier. We did no QA work with them because this was political and their products were relatively bad.
This is no reflection in Trump at all. It just shows the nature of the DC swamp.
Time will tell. I hope for Price's sake it is.
Every member of congress does this. The courts have ruled that it is legal over and over again. It’s one of the primary ways congress gets so freaken rich.
Trump said he was a few days away from having the replacement done.
Quite a piker compared to Feinstein and Pelosi - but our Congress's blatant ability to use inside information needs to stop. They send business people to jail for such actions, yet they exempt themselves. Reid, and a host of other Congresscritters, have made themselves rich in their years of office by using insider information - or tailoring laws for their benefit. Drain the swamp.
Just because they all do it doesn't make it legal.
This is no reflection in Trump at all. It just shows the nature of the DC swamp.
I agree completely. Both the nature of the swamp and the size of the job that President Trump has ahead of him.
$1000-15K for a man with a net worth of millions and much larger (@100x)investments in other medical equipment companies. Just one small piece of his portfolio I think.
De minimis I’d say.
He does have much larger potential conflicts of interest that he says he intends to sell out of.
At least the guy will know where the drains are located.
Are you saying it’s okay? Trump can’t find someone who isn’t self dealing? I’m sure he can. Maybe he’ll just have to look outside the swamp.
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