[Daily Mail, where America gets its news] Members of Congress aren't technically allowed to use insider knowledge to trade stocks while in office, but a couple of well-timed trades have raised eyebrows among eagle-eyed critics.
Momentum to ban members of Congress from trading stocks is swelling even as lawmakers make major profits from the turbulent stock market.
Right now, existing law allows legislators sitting on military committees buy defense stocks while financial regulators can snap up crypto and bank shares.
Though trading on inside information is forbidden, there's little enforcement - and the practice appears rampant on Capitol Hill.
Senate proposals would bar even the president and vice president from trading, but wealthy lawmakers claim restrictions would strip incentives and force unfair divestment of their holdings.
Others complain they can't survive on their $174,000 salaries alone, fueling a trading bonanza that's generating handsome profits just as ban proposals gain steam.
Here the Daily Mail highlights the top most suspect stock trades of the year:
Rep. Rob Bresnahan, R-Pa., a 34-year-old freshman legislator has been one of the most scrutinized traders. He was the former CEO of Kuharchik Construction, Bresnahan's family company, where he is credited with expanding the family business. The Pennsylvania Republican campaigned on banning members from trading, but he has reported more transactions than practically every other lawmaker.
'Bresnahan has filed more stock trades than almost any other member of Congress since entering office this year,' Quiver Quantitative's co-founder Christopher Kardatzke told the Daily Mail.
Since being sworn in this January and August 8, the Republican has made at least 617 trades, according to federal disclosures data compiled by Quiver Quantitative. The Republican has repeatedly claimed his financial advisors manager his trades, but when pressed recently by a local radio station on why he doesn't instruct them to halt the transactions he deflected.
'And then do what with it?' the lawmaker told WVIA. 'Just leave it all in the accounts and just leave it there and lose money and go broke?'
Bresnahan introduced a bill earlier this year to ban members and their spouses from stock trading, even as he's continued to make transactions.
According to federal data retrieved by Quiver Quantitative, Bresnahan has traded a total volume of over $7 million since January. He has sold $4 million in stock and purchased $3 million in the past eight months.
Right before Trump's signature domestic agenda the 'One Big, Beautiful Bill' passed Congress, Bresnahan reported sale in Centene, a healthcare company that later lost over half of its share price because of Medicaid cuts contained within the legislation.
Democratic attack ads have shredded him for voting for the cuts.
'Honestly I found out about it in real time but the key takeaway is I follow the STOCK Act and I follow the rules,' Bresnahan said when pressed on the stock sale by WNEP.
Firebrand Marjorie Taylor Greene has also gained attention for trading the same stock around the same time - a transaction that has netted her thousands. The Georgia Republican made a flurry of stock purchases around the exact time that Trump instructed the nation that it was 'a great time to get rich, richer than ever before,' on Truth Social.
After the market dipped around Liberation Day, Green heeded the president's warning and loaded up on discounted stocks.
Greene currently sits on the House Homeland Security Committee, the congressional panel that approves funding for DHS and ICE. She also claims her portfolio is managed by a financial advisor.
I agree that they should be making about a million a year. You don't ask people to work a serious job and not compensate them accordingly. Maybe if you made it worthwhile you might attract better qualified people. You want a better sports team, you pay better salaries to get the talent.
[X] President Donald Trump relocated the official portraits of former Presidents Barack Obama, George W. Bush, and George H.W. Bush from prominent White House locations to a hidden stairwell.
A palpable snub. Still, all three have repeatedly given him the cut direct in person, which is simply not done.
This action, reported on August 10, 2025, deviates from established traditions of displaying recent predecessors in high-visibility areas. The White House has not issued an official statement on the change.
Posted by: Fred ||
08/11/2025 00:00 ||
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Posted by: Super Hose ||
08/11/2025 7:11 Comments ||
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#4
Paintings are sooo yesterday. Besides, Obama's official portrait (the one with the leaves), looks like it was done by an AI. Let's issue official Presidential Doormats instead! I bet there is a lot of demand.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.