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Transcripts for MSNBC The Last Word With Lawrence ODonnell 20220115 03:48:00

congress i want to tell you about one you may rarely if ever think about. why are lawmakers allowed to trade stocks in individual companies and write the laws to regulate those companies at the same time? case in point, as the pandemic started in early 2020 several senators came under scrutiny for selling millions of dollars in personal stocks before covid shutdowns tanked the markets. their stocks were dumped around the time senators were getting private briefings about the severity of the virus. in short they knew stuff we didn t. and they acted on that privileged information for their personal gain. anywhere else wouldn t you call that insider trading? now, most people shrug this type of thing off as the kind of soft corruption in washington that s unlikely to change in any meaningful way. but some people are starting to pay more attention to this including some politicians who think banning members of congress from trading stocks is an issue where good politics and good policy alig

Transcripts for MSNBC The Last Word With Lawrence ODonnell 20220115 06:48:00

but some people are starting to play more attentions to this. including some politicians who think that banning congressman from trading stocks is where good congress and good policy align. they need to stop treating on congressional knowledge, or the stopped act, 54 members of congress failed to reports their stocks by the stock act. the government needs to keep their groups from doing things that are unethical, but they just need to report that they did it. they want to introduce a bill that will ban lawmakers and their families from trading stocks while in office. lawmakers, spouses, and their defendants will have to put it in a blind trust. but is that far enough? he s a u.s. marine corps

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