CRIME WSJ: 2,600+ Federal Officials Trade Stock in Companies Their Agencies Oversee – Especially Big Tech

Countrybumpkin

Countrybumpkin

Veteran Member
More than 2,600 federal officials either own or have traded stock in companies their agencies oversee, according to a damning report by the Wall Street Journal.

The report also found that officials frequently traded stock in companies shortly before their agencies announced enforcement actions that affected the price of those companies.

At the Department of Defense for example, some officials held stock in Chinese companies that the U.S. was considering blacklisting.

Tech stocks seem to be particularly popular for federal officials to trade, with the Wall Street Journal finding over 1,800 officials who own or traded Google (through parent company Alphabet), Amazon, Apple, and Facebook (now known as Meta), a trend that coincides with the government ramping up its scrutiny of Big Tech.

Via the Wall Street Journal:

• While the government was ramping up scrutiny of big technology companies, more than 1,800 federal officials reported owning or trading at least one of four major tech stocks: Meta Platforms Inc.’s Facebook, Alphabet Inc.’s Google, Apple Inc. and Amazon.com Inc.
• More than five dozen officials at five agencies, including the Federal Trade Commission and the Justice Department, reported trading stock in companies shortly before their departments announced enforcement actions, such as charges and settlements, against those companies.
• At the Defense Department, officials in the office of the secretary reported collectively owning between $1.2 million and $3.4 million of stock in aerospace and defense companies on average each year examined by the Journal. Some held stock in Chinese companies while the U.S. was considering blacklisting the companies.
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Washington D.C., where the apparatus of the federal government is located, is rife with allegations of insider trading. Nancy Pelosi, who in 2021 rejected a bill to prevent members of congress and their spouses from trading individual stocks, has come under particular scrutiny after it emerged that her husband purchased stock in a semiconductor company just before the Senate was set to vote on subsidies for the semiconductor industry.

www.breitbart.com

WSJ: 2,600+ Federal Officials Trade Stock in Companies Their Agencies Oversee - Especially Big Tech

More than 2,600 federal officials either own or have traded stock in companies their agencies oversee, according to a damning report by the Wall Street Journal.
www.breitbart.com www.breitbart.com
 
P

Publius

TB Fanatic
They have been doing this for a long time and one example back in the 1970s has stuck with me and it had to do with Grumman winning a government contract for F-14's Tomcats and a lot of Money changed hands in 24 hours.
It's like knowing who is going to win a horse race days before it happens.
 
Southside

Southside

Has No Life - Lives on TB
Raggedyman said:
just another example of
RULES FOR THEE but NOT FOR ME​

I keep praying that it will - but then I remember where I read that in the last 30 years the TESTOSTERONE levels of US men have fallen 10% per decade. we deserve EVERYTHING we've allowed to befall ourselves.
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Estrogen mimickers abound.
 
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