Senate Minority Leader Chuck Schumer is pursuing a deeper investigation into Rep. Tom Price, Trump’s pick to head the Department of Health and Human Services.
But, new public records show Schumer has his own ethics to consider, after he raised huge sums of money from bailout banks that held his personal funds, reported the Washington Free Beacon.
In 2008, Schumer was part of the Finance and Banking Committees that oversaw a $700 billion rescue package. According to WBF, during this time Schumer held investments in the very banks he was helping; and he received generous donations from executives who were involved in the ordeal.
In addition in 2002, the WFB reports Schumer had purchased bonds from Fannie Mae and Freddie Mac. He later argued against adding regulations that could potentially hurt the companies. These are just two examples of Schumer being financially involved with firms that he could impact on the “business” side of things.
Schumer and other Senate Democrats want to put a hold on Price’s nomination until they finish their investigation. Their initial concern came from an investigation by CNN, which claimed Price was trading stock in a firm while pursuing legislation that could possibly help the company.
“This new report makes clear that this isn’t just a couple of questionable trades, but rather a clear and troubling pattern of congressman Price trading stock and using his office to benefit the companies in which he is investing,” Schumer said.
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