WASHINGTON (AP) — As the ravages of the novel coronavirus forced millions of people out of work, shuttered businesses and shrank the value of retirement accounts, the Dow Jones Industrial Average plunged to a three-year low.
Every federal elected official and political appointee should be required to divest of everything but two residences: one at home and one in DC. Their investment opportunities should be limited to cash, bank deposits and Treasury securities.
I would be OK with an actual blind trust, managed by some . . .
Nah, that will never work either. They should divest. The truth is, if you want to hold public office, your personal interests should come last. Otherwise don’t run.
There is no evidence that Perdue, who is among the wealthier members of the Senate, acted on information gained as a member of Congress or through his long-standing relationship with company officials.
“The bi-partisan Senate Ethics Committee, DOJ and SEC all independently and swiftly cleared Senator Perdue months ago, which was reported on,” Burke said.
“This does seem suspicious,” said John C. Coffee Jr., a Columbia University law school professor who specializes in corporate and securities issues. But he added, “You need more than suspicions to convict.”
I agree with John: A proper investigation seems necessary.
There is no evidence that Perdue, who is among the wealthier members of the Senate, acted on information gained as a member of Congress or through his long-standing relationship with company officials.
Senate Ethics Committee. Like expecting the mafia to investigate organized crime. Then we’re surprised when they clear their own colleagues. Jack Coffee is right. It sure looks suspicious, and absent a real investigation it’s never going to be more than that.
Why does anyone think any of this matters? White men in southern states are not capable of impropriety—they are genetically immune from it. Everyone knows that.