Revealed: David Perdue bought bank stocks after meeting financial officials

[riversedge]

Source: the guardian





Georgia Republican facing Senate runoff bought significant shares in US bank after meeting with financial policy makers
Senator David Perdue, Republican of Georgia, faces a Senate runoff election Tuesday.

Mon 4 Jan 2021 13.41 EST

Last modified on Mon 4 Jan 2021 13.43 EST

494

David Perdue, the Georgia Republican facing a Senate runoff election on Tuesday, has twice bought a significant number of shares in a US bank shortly after meeting with financial policy makers, raising more questions about his prolific stock trading while in office................................


...............Perdue bought additional shares in the bank two years later, on 18 May 2017, two days after a half-hour meeting with then Federal Reserve chair Janet Yellen.................




...............The new revelations come as Perdue’s frequent stock trading while in office has come under increased scrutiny in the press ahead of his runoff Senate election on Tuesday. If Democrats win two runoff elections, it will transfer control of the Senate from Republicans to Democrats.

Previous media reports have focused on how Perdue has faced federal scrutiny for his frequent stock trading while in office, and whether his position as a senator with access to market-sensitive information, especially during the pandemic, may have influenced some trades. The New York Times, citing multiple anonymous sources, said Perdue’s sale of $1m in stock in a financial company called Cardlytics, where he served on the board, drew the attention of investigators at the Department of Justice last spring, who were undertaking “a broad review of the senator’s prolific trading around the outset of the coronavirus pandemic for possible evidence of insider trading”.......................

Read more: https://www.theguardian.com/us-news/2021/jan/04/republican-david-perdue-georgia-senate-runoff-traded-bank-stocks

---

I do not think MAGA fans care about stocks.

[Irish_Dem]

1. Magats seem to think lying and cheating to make money is a good thing.

Trump made comments along these lines, people who don't cheat on taxes are stupid.

[Miguelito Loveless]

2. In the past when I mentioned this to an in-law

his response was "everyone does it, so its a wash".

[Wednesdays]

3. K&R. nt

[wiggs]

4. Why is the Guardian the first on this kind of stuff? When will we see US headlines? nt

[ffr]

5. What a good little conservative Grifter.

Aw!

[oasis]

6. K and R on election eve. Purdue gotta go!