Revealed: how US senators invest in firms they are supposed to regulate | US Senate | The Guardian

Revealed: how US senators invest in firms they are supposed to regulate | US Senate | The Guardian

Some senators want to do away with these perceived conflicts of interest. Senator Elizabeth Warren introduced anti-corruption legislation in August 2018 that included a ban on members of Congress, senior congressional staff, cabinet secretaries, White House staff, federal judges and other officials from owning individual stocks, bonds, commodities, futures and other types of securities while in office.

The senators Sherrod Brown and Jeff Merkley introduced the Ban Conflicted Trading Act in December to prevent members of Congress and senior staff from trading individual corporate stocks.

Financial firms lead the way
Senators own between $28.1m and $95.6m worth of stock in the five sectors examined by Sludge and the Guardian. They have the most money invested in the finance, insurance and real estate sector due in part to the Republican senator John Hoeven’s investment in Westbrand, Inc, a private holding company that owns multiple banks, worth between roughly $5m and $25m.

via Revealed: how US senators invest in firms they are supposed to regulate | US Senate | The Guardian

Then they also get bribed by those same corporations, and they fund their elections. We have fascism as a form of government, which is defined as corporations controlling government.