Posted on 04/24/2023 10:17:01 AM PDT by yesthatjallen
New York Rep. Dan Goldman really thinks he has the Midas touch.
The multimillionaire Democrat and heir to the Levi Straus & Co. fortune has made more than 500 trades worth between $10 million and nearly $31 million since being sworn in as a congressman in January, a Post analysis of his disclosure forms reveals.
As Congress considers a bipartisan bill banning members and their families from trading stock while in office, Goldman’s trading activity would make Gordon Gekko envious, his most recent filing shows.
He is already far outpacing notorious congressional super-traders like Rep. Marjorie Taylor Greene (R-GA) and Rep. Josh Gottheimer (D-NJ), Raw Story reported.
His purchases and sales were in major sectors, including defense work, energy, pharmaceuticals, real estate, technology and tobacco.
Goldman — who reps the famed Wall Street financial district along with other parts of Lower Manhattan and Brooklyn — sits on the Committee on Homeland Security and the Select Subcommittee on the Weaponization of the Federal Government.
Last month he bought up to $50,000 in defense contractor Northrop Grumman stock.
SNIP
(Excerpt) Read more at nypost.com ...
It’s that private club called “Congress”. And “Administration”. And “Intelligence”.
You get all the inside information. Everyone does it. Everyone gets rich. Nobody gets punished.
Nobody but us.
It is why they hate Trump so much. They think he is going to upset the Gravy Train, because he “isn’t one of them”.
Criminalize congressional stock trading. They are by definition engaging in insider trading.
While it is indeed scandalous that people like Nancy Pelosi or Liz Cheney can enter office with nothing, and leave with $$ tens or $$ hundreds of millions, I don't know if this is the only way to control grifting, or even if its the major source.
It will just be a limitation that discourages smart people from running, will attract low IQ morons and controlled ideologues, and will again degrade the power of Congress in favor of the permanent bureaucracy and deep-state
Does such a bill say ANYTHING about permanent Fed.gov employees like Fauci, Wallensky or Comey, who also become rich while climbing the DC greasy pole?
Typical member of Congre$$ exercising his duty as a Congre$$man.
I love MTG, but to be consistent, they all need to be looked at really hard for insider trading. Of course only the republicans will be guilty of it.
Do as I say, not as I do!!
Dude’s got a lot of catching up to do.
do you not get it
that law does not apply to them
Hence my statement that only the republicans would be guilty..
no one is above the law....except for Democrats of course.
it literally doesn’t apply to any congresscritters
“While it is indeed scandalous that people like Nancy Pelosi or Liz Cheney can enter office with nothing, and leave with $$ tens or $$ hundreds of millions, I don’t know if this is the only way to control grifting, or even if its the major source.”
Given her father’s position at Halliburton, I suspect that Liz Cheney entered office with a lot more than nothing.
He sounds like a day-trading addict. Most of them become poor, not rich.
Tax him at 99.5 percent.
I guess that if it's not enforced, like most crime in blue cities, the law doesn't exist.
“It’s a big club and you ain’t in it.” Carlin
L
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