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Trump's cabinet pick invested in company, then introduced a bill to help it

Jetboogieman

Jetboogieman

Somewhere in Babylon
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Washington (CNN)Rep. Tom Price last year purchased shares in a medical device manufacturer days before introducing legislation that would have directly benefited the company, raising new ethics concerns for President-elect Donald Trump's nominee for Health and Human Services secretary.



Price bought between $1,001 to $15,000 worth of shares last March in Zimmer Biomet, according to House records reviewed by CNN.

Less than a week after the transaction, the Georgia Republican congressman introduced the HIP Act, legislation that would have delayed until 2018 a Center for Medicare and Medicaid Services regulation that industry analysts warned would significantly hurt Zimmer Biomet financially once fully implemented.
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After Price offered his bill to provide Zimmer Biomet and other companies relief from the CMS regulation, the company's political action committee donated to the congressman's reelection campaign, records show.
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The new revelation is the latest example of Price trading stock in a health care firm at the same time as pursuing legislation that could impact a company's share price. The issue has become a major liability for the congressman after The Wall Street Journal reported last month that he traded roughly $300,000 in shares over the past four years in health companies while pursuing legislation that could impact them.
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First on CNN: Trump's cabinet pick invested in company, then introduced a bill to help it - CNNPolitics.com

Drain the!

Oh...
 
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Ever wonder why Congress is exempt from insider trading laws? All in all though, with the small amount of money this story is talking about, this isn't that big of a deal like many others are.
 
reinoe said:
As horrible as this is, it's not illegal. It should be, but from what I understand, members of Congress are allowed to engage in insider trading.
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Well now is the time for trump to make good on his promise to drain the swamp. Soooooo with a GOP controlled congress we should be seeing insider trading being illegal for even congress members as their first item right? Oh wait no the first item is to remove healthcare for the public while keeping their own government controlled insurance. Obviously no draining of the swamp like the liar trump promised. Just more of the same corruption.
 
Praxas said:
Well now is the time for trump to make good on his promise to drain the swamp. Soooooo with a GOP controlled congress we should be seeing insider trading being illegal for even congress members as their first item right? Oh wait no the first item is to remove healthcare for the public while keeping their own government controlled insurance. Obviously no draining of the swamp like the liar trump promised. Just more of the same corruption.
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You do realize that Donald Trump doesn't have the ability to write legislation let alone dismiss members of Congress right? I'm asking for a friend...
 
reinoe said:
You do realize that Donald Trump doesn't have the ability to write legislation let alone dismiss members of Congress right? I'm asking for a friend...
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He's the one that says he can make anything happen by influencing congress . So trump.....make it happen unless you are a liar.
 
reinoe said:
You do realize that Donald Trump doesn't have the ability to write legislation let alone dismiss members of Congress right? I'm asking for a friend...
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Thought the op said Trump picked this, uh, gentleman for his cabinet?
Attaboy, Donald! Drain the swamp!
 
Trumps five year ban on lobbying and also removing Christie as well as a lot of the lobbyists he brought along buys Trump a lot of credibility on the Drain the Swamp pledge. I need to see more down the line, but for now Trump is keeping his word.
 
Beaudreaux said:
Ever wonder why Congress is exempt from insider trading laws? All in all though, with the small amount of money this story is talking about, this isn't that big of a deal like many others are.
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reinoe said:
As horrible as this is, it's not illegal. It should be, but from what I understand, members of Congress are allowed to engage in insider trading.
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Congress needs to live by the same rules as the rest of the nation, pure and simple.

From a practicality standpoint, how are you going to get congress to vote for that law?

This isn't a D or R problem, as the OP would cast it as being, it's a congressional problem, on par with leaving the fox in charge of the hen house.
 
Beaudreaux said:
Ever wonder why Congress is exempt from insider trading laws? All in all though, with the small amount of money this story is talking about, this isn't that big of a deal like many others are.
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The dollar amount is smaller, but the likelihood of quid pro quo is alarming.
 
Jetboogieman said:
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First on CNN: Trump's cabinet pick invested in company, then introduced a bill to help it - CNNPolitics.com

Drain the!

Oh...
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Trump's ability to "drain the swamp" lies pretty much only in the executive branch. When you find evidence of Secretary Price engaging in such things as insider trading, then by all means complain. Until then, you should probably write to your Congressmen if you want Congress to police themselves.

Good luck with that, though.
 
Hawkeye10 said:
Trumps five year ban on lobbying and also removing Christie as well as a lot of the lobbyists he brought along buys Trump a lot of credibility on the Drain the Swamp pledge. I need to see more down the line, but for now Trump is keeping his word.
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Exactly. Christie was trying to bring in a lot of corrupt people and Trump put a stop to it. Trump's kids cancelled charity engagements because they wanted to avoid any appearance of corruption. What has it earned Trump? Media scorn and opprobrium from the people he's trying to appeal to. Trump is far more dedicated to ethics and morality than any other president elect in modern times but the biased MSM will never mention it.
 
eohrnberger said:
This isn't a D or R problem, as the OP would cast it as being.
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These are my statements on this subject for years:

Jetboogieman said:
But when congress can't even pass a law to ban their own members from insider trading... you know somethings fishy..
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Jetboogieman said:
So many politicians, democrats, republicans and bankers should be in jail or on trial right now and NO ONE has been held accountable and no meaningful changes have been enacted to overt another crisis, this plan by Brown could help but it's the tip of the iceberg in terms of what needs to be done.

When Congress can't even ban their own members from insider trading what hope does the country have for fixing it's own finances.
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Jetboogieman said:
You mean one of the most corrupt institutions on the planet, is going to go after corruption?

The institution that cannot even stop it's own members from insider trading?.
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Jetboogieman said:
You know for a legislative body that can't even ban it's own members from insider trading, them sitting in judgement of ANYONE is pretty ironic.
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Notice a trend, it never had to do with anything partisan and neither did the OP.

Trump promised to "drain the swamp" and he's appointed someone who appears to be enriching themselves by using their legislative muscle and insider trading, it is corruption plain and simple, I don't care if Congress is keeping their corruption legalized, it's still corruption.
 
Mycroft said:
Trump's ability to "drain the swamp" lies pretty much only in the executive branch. When you find evidence of Secretary Price engaging in such things as insider trading, then by all means complain. Until then, you should probably write to your Congressmen if you want Congress to police themselves.

Good luck with that, though.
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Ah so... Magically, for no reason, it's ok that Trump picked someone openly engaged in corruption?
 
Jetboogieman said:
Ah so... Magically, for no reason, it's ok that Trump picked someone openly engaged in corruption?
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Isn't that what people wanted who voted for Hillary?
 
reinoe said:
As horrible as this is, it's not illegal. It should be, but from what I understand, members of Congress are allowed to engage in insider trading.
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You expect the people making the rules to also have to abide by the rules. The rules are for everyone else.
 
coldjoint said:
Isn't that what people wanted who voted for Hillary?
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Nice deflection, but Hillary lost, Trump will be president and he ran and railed specifically against the kind of corruption, real or imagined that Hillary was involved in, and one of his cabinet picks was openly engaged in a legalized form of corruption.

It's called hypocrisy coldjoint, do try and keep up.
 
Jetboogieman said:
These are my statements on this subject for years:









Notice a trend, it never had to do with anything partisan and neither did the OP.

Trump promised to "drain the swamp" and he's appointed someone who appears to be enriching themselves by using their legislative muscle and insider trading, it is corruption plain and simple, I don't care if Congress is keeping their corruption legalized, it's still corruption.
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The problem is when it comes to appointing people there are no saints and everyone has some skeletons in the closet.

The question is will this person provide Trump with the information Trump needs. If I were appointing advisors I would want someone who does not share my views or opinions so I can get a wider perspective of solutions to the problem.
 
Praxas said:
Well now is the time for trump to make good on his promise to drain the swamp. Soooooo with a GOP controlled congress we should be seeing insider trading being illegal for even congress members as their first item right? Oh wait no the first item is to remove healthcare for the public while keeping their own government controlled insurance. Obviously no draining of the swamp like the liar trump promised. Just more of the same corruption.
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Trump is not President. First item? No probably not. While I agree a priority bill should force Congress to live with their own rules, it's not likely to happen.
 
Jetboogieman said:
Nice deflection, but Hillary lost, Trump will be president and he ran and railed specifically against the kind of corruption, real or imagined that Hillary was involved in, and one of his cabinet picks was openly engaged in a legalized form of corruption.

It's called hypocrisy coldjoint, do try and keep up.
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That says it all.
 
The guy is worth $13 million, I dont care about $300,000 in healthcare "trades", which get counted twice, at both the buying and the selling.

This is not consequential money to him, the narrative which is being spun by the Anti-Trump people is an obvious lie.

"NEXT!"
 
Jetboogieman said:
These are my statements on this subject for years:









Notice a trend, it never had to do with anything partisan and neither did the OP.

Trump promised to "drain the swamp" and he's appointed someone who appears to be enriching themselves by using their legislative muscle and insider trading, it is corruption plain and simple, I don't care if Congress is keeping their corruption legalized, it's still corruption.
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My apologies. I misstated the OP as being partisan.

Given the list above, seems that we are on the same page as to congressional corruption and in specific their legal insider trading, which should be illegal.
 
Jetboogieman said:
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First on CNN: Trump's cabinet pick invested in company, then introduced a bill to help it - CNNPolitics.com

Drain the!

Oh...
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Reading this I have to wonder just how gullible is the public. If Price really had some valuable inside information do you think he would invest in something like 100 shares of stock? While skeptical of the incoming administration I hate a witchhunt.

No wonder we have the politicians we have in congress. What person in their right mind would put themselves like this. Thus an election where the candidates from the two major parties were Trump & Clinton.
 
Jetboogieman said:
Ah so... Magically, for no reason, it's ok that Trump picked someone openly engaged in corruption?
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Openly engaged in corruption? What corruption is Price engaged in at this time?
 
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