Bessent Wants to Stop Insider Trading by Congress
The streets of DC are not the only manifestation of decline that the Trump Administration has slated for long overdue cleanup:
Treasury Secretary Scott Bessent declared on Wednesday that he will begin advocating for a ban on individual stock trading in Congress, arguing that major portfolio gains by lawmakers undermine voter confidence in the system.
Specifically,
Bessent, a former hedge fund manager, was referring to former House Speaker Nancy Pelosi (D-CA) and Sen. Ron Wyden (D-OR) — both of whom are estimated to be worth millions of dollars.
You don’t make that kind of money in politics by relying on your salary. The arrogance of leftists like Pelosi and Wyden is almost as astonishing as their greed.
The Swamp will not submit passively to drainage:
[J]ust last month, senators shot down a measure seeking an inquiry into [Nasty Pelosi’s] trades.
Most alarming is the possibility that corrupt pols not only utilize insider knowledge of upcoming legislation to achieve an advantage over the rest of us, but actually craft the legislation to pad their personal fortunes at our expense.
I am pushing for a ban on single-stock trading in Congress. The American people deserve better than politicians like @RonWyden and @SpeakerPelosi with hedge-fund level returns. Public service should be about serving the people, not getting rich. pic.twitter.com/yaXFGRfiMz
— Treasury Secretary Scott Bessent (@SecScottBessent) August 13, 2025
The post Bessent Wants to Stop Insider Trading by Congress appeared first on Moonbattery.
Source: https://moonbattery.com/bessent-wants-to-stop-insider-trading-by-congress/
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