Here’s why lefty @RepRaskin is terrified of @elonmusk and DOGE auditing the US Treasury.
Backstory——during the Obama admin Democrat Cong Jamie Raskin’s wife
<><>served at top levels of the US Treasury
<><>as well as at the Federal Reserve
<><>she was on the advisory board of the Federal Reserve Trust.
<><>After 8 months, Raskin disclosed she sold 195,936 shares of Reserve Trust, while a board member.
<><>The sale gave $1.5 million profit to Raskin and his wife.
<><>The transaction was a violation of the Stock Act (more below).
But that’s not the real story, the real story is that
<><>in 2018, the Fed granted Reserve Trust unusual access to its master account —
<><>a master account facilitates payments for financial groups thru the Fed’s payment systems.
<><>an enviable “get” that allows moving money for customers without relying on banks.
<><>This was the only state-chartered trust company in the country to get one.
<><>And that’s why she and Raskin gained $1.5 million dollars in exchange.
The Stop Trading on Congressional Knowledge Act (STOCK Act) is a law that prohibits members of Congress and their employees from using nonpublic information for personal gain.
The largest portion of USAID spending in FY 2023, year for which complete data are available.....
<><>was $18 billion in “economic development” taken up by a $14.4 billion grant to Ukraine
<><>the purpose was to keep Ukraine’s wartime economy afloat.
<><>Humanitarian assistance.....deliveries of food and other essentials.....took up $9.4 billion,
<><>$7.2 billion was allocated to Ukraine’s health care.
<><>Another $3.7 billion went to Ukraine’s administrative costs.