At least 9 members of US Congress sold bank stocks amid turmoil last month
At least nine members of Congress sold banking stocks before and during market turmoil last month, including a member of the House financial services committee who sold Silicon Valley Bank stock before it failed.
![At least 9 members of US Congress sold bank stocks amid turmoil last month](https://ussnsimg.moomoo.com/feed_image/70040946/cea7a9677f8539ffb1e0b815f06b1932.jpg/bigmoo)
Partial officials and their related transaction information are as follows:
Daniel Goldman, a Democratic member of the House of Representatives representing a New York constituency, sold positions in Goldman Sachs and shares of First Republic Bank on March 6th.
![At least 9 members of US Congress sold bank stocks amid turmoil last month](https://ussnsimg.moomoo.com/feed_image/70040946/ae82b75bdea53786ba717acbd9967431.jpg/bigmoo)
![At least 9 members of US Congress sold bank stocks amid turmoil last month](https://ussnsimg.moomoo.com/feed_image/70040946/3a70fecf58823b81a8d4076adb488dd1.jpg/bigmoo)
![At least 9 members of US Congress sold bank stocks amid turmoil last month](https://ussnsimg.moomoo.com/feed_image/70040946/b8ca9dfab1e232348728af6d9fccc1d7.jpg/bigmoo)
Moreover, this behavior could give the impression that they have an advantage over other investors due to their access to privileged information and intuition. Therefore, I think Congress members should refrain from trading stocks and focus on fulfilling their duties instead.
What do you think about congressmen trading stocks?
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Earlyretire : Jail! There's no much insider trading on the daily. It's disgusting
The Brown Knight : Id say under a certain limit of say… 10,000$ (total) it wouldn’t bother me. But if there are dumping more than that, then yes!
Expendabiggles : Whats going to be done about it?? Not a damn thing.
Biff : They're insiders on everything. They should not be allowed to own stocks
razo2 : do you know why our economic data is in a mess now? you can thank these people for it. utter chaos before the system collapse. for all you know they probably already switched to a safer asset laughing at bull and bears as they feed shit to your guys to eat daily on news and YouTube.
efficentupup OP razo2 : so sad
efficentupup OP Biff : totally agree!
efficentupup OP Expendabiggles : I heard that they were given a deadline to explain this
efficentupup OP The Brown Knight : Great
efficentupup OP Earlyretire :![](https://emoticon.futunn.com/rich_daily_life/O_29.png)
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