Majorie Taylor Greene caught in potential felony scandal - Brian Tyler Cohen

[TexasTowelie]

Transcript:

according to a damning new report from
Business Insider it looks like Marjorie
Taylor Green may be implicated in a
possible insider trading scandal
emanating from the White House per
Business Insider in the hours before
President Donald Trump announced a
90-day partial pause on a slew of new
tariffs on foreign goods he declared on
social media that it was a great time to
buy one of his loudest allies in
Congress had already gotten the message
according to a disclosure made public on
Monday Representative Margie Tiller
Green plunged somewhere between 21,000
and 315,000 into the stock market on
April 8th and April 9th investing in 17
different companies including Apple Elon
Musk's Tesla Nvidia and Palanteer
trump's tariff pause announcement sent
markets soaring on April 9th and anyone
who purchased stocks in the final hours
or days before Trump's announcement
would have seen significant gains now
Green was asked for a response to the
allegation and responded that she signed
a fiduciary agreement to allow my
financial adviser to control my
investments quote "All of my investments
are reported with full transparency." Of
course I suppose the legitimacy of that
claim depends on whether you believe
that she had zero contact with her
financial adviser which may be true and
it was just lucky and coincidental that
a member of Congress's financial adviser
happened to time the market exactly
right in the middle of an economic
collapse that virtually nobody else was
able to see or of course the flip side
is that well she got a heads up and
benefited accordingly i can't say one
way or the other but perhaps those
watching might feel differently and by
the way isn't it interesting how these
Republicans like Margie Taylor Green
frame themselves as these workingclass
champions all the while watching their
net worths undergo meteoric increases
while they're in office estimates
suggest that Green is worth somewhere
between 7 and $36 million how many
people in Green's district do you think
see that kind of money how many of them
felt financially secure enough to drop
between $21,000 and
$315,000 into the market in the middle
of an economic collapse take all the
time you need with that one now AOC had
weighed in on this issue a few days ago
perhaps referencing Green herself when
she wrote "Any member of Congress who
purchased stocks in the last 48 hours
should probably disclose that now i've
been hearing some interesting chatter on
the floor disclosure deadline is May
15th we're about to learn a few things
it's time to ban insider trading in
Congress now the benefit for Green and
the rest of this administration is that
there will be no investigation into her
actions at the hands of Trump's DOJ
Trump's FBI and Trump's SEC but there
are two avenues for potential
investigation or prosecution the first
one only with investigative power is the
House Ethics Committee as campaign
finance expert Joe Birkenstock explains
here in a recent interview the ethics
committees have authority over people
that are in the body so you can get
fired you can lose your job to some
extent lose your career that's rare in
the case of in the case of today's
Republican party just get uh you know
promoted up to attorney general or
something like you get a cabinet
position out of this sure so I mean just
one counterpoint though right i mean the
ethics committees are unique in Congress
in that they really are bipartisan there
are equal numbers of Republicans and
Democrats on each committee regardless
of who holds the majority in the body
and a lot of people point back to the
Matt Gates matter as one that you know
despite his role in the Republican party
despite a lot of reasons Republicans
might have had strategically to want to
keep him in that seat ultimately that
investigation did result in his
departure from the House after years and
in a very private way right i'm not
suggesting that that means it's a really
satisfying result but it really it is it
there is more than zero exposure um to
members of the House or the Senate as a
matter of those ethics processes on the
executive branch side in a criminal
sense i completely agree you need a US
attorney that's willing to prosecute you
need a securities and exchange
commission that's willing to investigate
and I certainly uh remain to be
convinced uh that that's going to be
done on a really even-handed basis going
forward and I know you may be thinking
look if we're relying on House members
to hold other House members accountable
doesn't exactly inspire confidence but
there is another avenue besides that as
Elizabeth Warren explains here think of
it this way here's Donald Trump out
there saying all kinds of stuff he
drives the market way down goes totally
into the toilet gets flushed moves
through the pipes and then he changes
the whole thing and it shoots way back
up right something happens in between
those two points and that is right
before he makes those announcements that
make the market say "Yay fabulous he's
not as crazy as we
thought." Bunch of people buy shares of
stock and they buy what are called uh
calls so that they can leverage and buy
even more shares of stock uh on very
little money um the SEC ordinarily would
just stop and investigate they say
"Whoa is this either insider trading
that is few people were tipped off about
what was going on or is it just straight
up market manipulation even if it
happens out in public?" The SEC would
ordinarily do that but this is now
Donald Trump's SEC right so that's the
real problem we've got here but let me
offer one more thought uh Congress
doesn't have that kind of access and
yeah in theory we could subpoena and so
on but that would take a majority and
we're back at the same right he's back
at the same dead end with with
Republicans doesn't let him off the hook
but it just says can we keep looking for
something that might be more
effective state attorneys general have
the same opportunity to investigate dig
in get what the facts are so for example
Leticia James the attorney general of
New York uh which has jurisdiction over
the stock market and the trading that
happens in New York um might decide she
would take a look at this and in fact
Joe Burkenstock reiterated Warren's
claims what about enforcement action at
the states because a these people um
aren't under you know the jurisdiction
of the federal government they're
they're not guided by what Donald Trump
um by any edicts that Donald Trump says
down and B uh pardon power wouldn't
apply to crimes that were committed at
the state level yeah all correct i mean
it is complicated it's not to say that
it's easy to enforce this kind of stuff
through a state avenue there are state
statutes against fraud there are state
causes of action that a state attorney
general could investigate they will
ultimately get into zones around
preeemption of federal law right under
the supremacy clause federal law is the
supreme law of the land right um but
there's a long body of law that
recognizes states still have a lot of a
of latitude to enforce their own laws as
long as it's not directly conflicting
with the outcome under federal law and
and are there statutes that are
different enough that that they couldn't
be um that the federal government
couldn't come in and basically Bigfoot
the states by saying no supremacy clause
applies we're going to prosecute this
you know or not prosecute this yeah in
in one word yes i mean again this
question of pre preeemption obviously is
one that exists across the entirety of
the policy zone right it's not limited
to securities enforcement or anything
else um and there again there is a long
body of law that explains and it's
states in particular I mean I I do have
some firsthand experience with
preeemption of the federal election
campaign act for example states that
enforce their own campaign finance laws
typically do not acknowledge preeemption
of federal law until the supreme court
issues a final mandate after literally
every avenue of appeal has been
exhausted um so it's not it doesn't lend
itself to a narrow yes or no answer but
in terms of can they investigate do they
have the authority to even start looking
under some of these rocks the answer is
definitely yes so look whether or not
Green is investigated or prosecuted is
obviously another matter entirely but I
think the more pertinent question right
now in this moment is this do you want
people in office whose goal is to enrich
themselves at your expense when the
market was crashing and your 401ks were
getting gutted none of us had access to
privileged information none of us got
rich off the backs of the poor or the
working class i am tired of watching the
privileged operate by a different set of
rules and I'm even more tired of
watching the privileged pretend that
they're not privileged while they
continue to over everybody else
margie Tiller Green worth millions of
dollars and just a little bit richer
after this week is the same as Trump and
Elon Musk both billionaires all of whom
are exploiting our government to make
themselves much much richer knowing that
they control the very people who would
be tasked with regulating them this is
corruption as overt as you could
possibly find the Republicans will run
for office aligning themselves with the
little guy who's getting screwed over
when in reality they are the ones
screwing over the little guy themselves

[mikewv]

1. Byran Taylor Cohen is a youtuber but...

I find his videos mostly about him and not very informative or helpful. There is a LOT of misleading titles and subject lines. Rarely does he report actual news worth clicking. Sorry but that is my honest opinion