Federal Officials Trade Stock in Companies Their Agencies Oversee

Thousands of officials across the government’s executive branch reported owning or trading stocks that stood to rise or fall with decisions their agencies made, a Wall Street Journal investigation has found.

More than 2,600 officials at agencies from the Commerce Department to the Treasury Department, during both Republican and Democratic administrations, disclosed stock investments in companies while those same companies were lobbying their agencies for favorable policies. That amounts to more than one in five senior federal employees across 50 federal agencies reviewed by the Journal.

Cool, now do Congress.

Wait to you hear how good at stick trading Nsncy Pelosi is

Our government is incredible. Four out of five senior federal official are ethical enough to avoid owning stocks in companies affected by decisions their agencies made! That is among the highest rate in the world. Things are great and we’re lucky to live in this country!

The answer is not limit the stocks that leaders can 'knowingly' own stock. That's too easy a 'fix' to get around. Find the actual solution at ... chapters 10 and 11 to be precise.

It is utterly insane and very American.

Hmmm, ya think they may have some inside information?

Waiting on the review of Legislative, Judicial, and Executive branch 'leaders' next but not holding my breath.. 🙄

Maybe they're just fans of the Peter Lynch philosophy, buy what you know.

This article was a nothing burger except that now I know: fed officials are way poorer than congressmen and Lihong Mcphail's husband must have been a day trader in another life. rebeccaballhaus CORRUPTION Fed

Just so corrupt.

it’s one thing that we all knew it - it is entirely another to see how systematic it is from top to bottom abysmal

Pure corruption

Let's get down to brass tacks, do they get credit for good behavior based on the companies' ESG scores?

Thank you for actually reporting real news!

既是运动员又是裁判

They have all the insider information beforehand to guarantee they make a profit… it should be illegal…

Fauci increased his wealth by 5 million in 2 years. They're all corrupt. The only way to fix this country is to remove this entire political class and rebuild.

Now there's a big surprise!

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Source: WSJ - 🏆 98. / 63 Read more »