Congressional Members Sell Bank Stocks Amid Financial Crisis Fears
TL;DR Summary
Several members of Congress or their close relatives sold bank equities last month as fears of a financial crisis spread in the wake of Silicon Valley Bank's collapse. The suspiciously well-timed transactions came a day after Sen. Jeff Merkley (D-Ore.) led a group of House and Senate members in introducing the Ending Trading and Holdings in Congressional Stocks (ETHICS) Act, legislation that would prohibit members of Congress, their spouses, and their dependent children from trading individual stocks.
- Here Are the Members of Congress Who Dumped Bank Stocks Amid Fears of Financial Crisis Common Dreams
- As Fears of Banking Crisis Surged, Members of Congress Sold Bank Shares Yahoo! Voices
- Park Slopes Congressman Sold Bank Shares Before $30M Bailout: Report Patch
- Conflict of interest questioned after lawmakers reportedly sold bank stocks before crisis CNBC Television
- As Silicon Valley Bank imploded, congressman sold South Florida bank stock South Florida Sun Sentinel
- View Full Coverage on Google News
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