www.inequalitymedia.org [www.inequalitymedia.org]Dear John,
According to a bombshell report released yesterday, at least 75 federal lawmakers bought and sold stock in companies that make Covid vaccines, tests, and treatments during the pandemic.
Yes: members of Congress use privileged information to make money on the stock market — while they’re supposed to be working for you.
Simply put, this is legalized corruption.
Our latest video explains how members of Congress get away with insider trading — and what we can do about it. [[link removed]]
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There is an obvious solution to all this: bar members of Congress from trading individual stocks.
The proposed Ban Conflicted Trading Act does just this. Lawmakers would have six months after being elected to sell their individual holdings, transfer them to a blind trust over which they have no control, or hold onto them until they leave office without trading them.
With distrust in government near an all-time high, even the appearance of a conflict of interest hurts our democracy.
Members of Congress are elected to represent the interests of the people, not the money in their brokerage accounts.
Banning members of Congress from trading individual stocks is a no-brainer. Let’s get it done.
Call your representatives and demand they pass this crucial legislation: (202) 224-3121
Thanks for taking action,
Robert Reich
Inequality Media Civic Action
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