Biden’s top economic advisor endorses stock-trading ban for members of Congress despite Pelosi’s opposition, says it would ‘restore faith in our institutions’

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I’m surprised this is getting any traction, hopefully it gets done


“There’s a lot of distrust and mistrust around how politics works, around the political process,” he said. “One of the things that we need to do across the board is restore faith in our institutions, whether that be Congress and the legislative branch, whether that be the Fed and otherwise and so anything we can do to try to restore that faith, I think makes a lot of sense.”


Politicians should NEVER be allowed to trade stock as there is a huge conflict of interest. McConnell managed to get very wealthy running the third or forth poorest state in the country. Like president Truman said, “show me a man that gets rich by being a politician and I’ll show you a crook.”


I lost all respect for Pelosi on that statement. Fuck her. I did support her previously but this is a root cause of problems in Congress.


Maybe Pres. Biden’s top economic advisor should help the Executive Branch and academic researchers create a website that shows the stock holdings of each member of Congress, and compares them to legislative bills and initiatives those same congressional members are either leading or co-sponsoring.