Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Chuck Schumer: Tom Price may have broken the law in stock transaction
Source: CNN
Senate Democratic Leader Chuck Schumer said Tuesday that Donald Trump's pick to quarterback the replacement of Obamacare, Tom Price, may have broken the law with a questionable stock purchase.
"If he knew about it, it could very well be a violation of the law," Schumer told CNN. "Now they say there's a broker, it's kind of strange that this broker would pick this stock totally independently of him introducing legislation that's so narrow and specific to this company."
Schumer also called for an investigation of Price after CNN reported that Price bought up to $15,000 worth of stock in Zimmer Biomet -- a medical device maker -- and then introduced a measure that would have directly benefited the company. One week after Price bought the stock, he put in a measure that would have delayed a new regulation that would have harmed the company.
"This is a very narrow, specific company that dealt with implantship and kneeand the legislation specifically affects implants. He puts it in a week after he buys the stock? That cries out for an investigation," Schumer told CNN.
"If he knew about it, it could very well be a violation of the law," Schumer told CNN. "Now they say there's a broker, it's kind of strange that this broker would pick this stock totally independently of him introducing legislation that's so narrow and specific to this company."
Schumer also called for an investigation of Price after CNN reported that Price bought up to $15,000 worth of stock in Zimmer Biomet -- a medical device maker -- and then introduced a measure that would have directly benefited the company. One week after Price bought the stock, he put in a measure that would have delayed a new regulation that would have harmed the company.
"This is a very narrow, specific company that dealt with implantship and kneeand the legislation specifically affects implants. He puts it in a week after he buys the stock? That cries out for an investigation," Schumer told CNN.
Read more: http://www.cnn.com/2017/01/17/politics/chuck-schumer-tom-price-may-have-broken-the-law-in-stock-transaction/index.html
So, we'll put you down as a "maybe"?
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
5 replies, 1836 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (21)
ReplyReply to this post
5 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Chuck Schumer: Tom Price may have broken the law in stock transaction (Original Post)
brooklynite
Jan 2017
OP
intheozone
(1,102 posts)1. Did Price actually "buy" the stock, or was it
given to him by the company in exchange for the legislation? That question should be looked at and the answer determined.
Wouldn't surprise me the "purchase" money never even came from Price, that seems to be the way Repugs operate.
WhiteTara
(29,704 posts)2. Let's just keep beating around the bush
okay, Chuck. Say it out loud. He broke the law.
Blue Idaho
(5,049 posts)3. Shame they couldn't bury the Ethics Office...
Though this is a terrific example of just how important independent ethics investigators are...
Trump's bunch of nimrods are looking more and more like the Nixon Administration every day.
wordpix
(18,652 posts)4. I wonder how many other congressmen are doing same, the opportunity for this kind
of legislative BS is huge
riversedge
(70,197 posts)5. K and R.