Raw Story: Sold! Wealthy N.Y. congressman dumps up to $37.1 million in stocks and bonds amid pressure to divest

Raw Story: Sold! Wealthy N.Y. congressman dumps up to $37.1 million in stocks and bonds amid pressure to divest

“When elected officials are trading stocks at a time when they’re supposed to be overseeing companies, we need to make sure that the public has the faith and confidence that elected officials are doing the bidding of the public interest and not trying to line their pockets and do what’s in their private interest,” Aaron Scherb, senior director of legislative affairs for Common Cause, a nonpartisan government reform organization, said at the time.

“When elected officials are trading stocks at a time when they’re supposed to be overseeing companies, we need to make sure that the public has the faith and confidence that elected officials are doing the bidding of the public interest and not trying to line their pockets and do what’s in their private interest,” Aaron Scherb, senior director of legislative affairs for Common Cause, a nonpartisan government reform organization, said at the time.

 

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