Lawmakers Recast Portfolios Amid Crisis (Washington Post)

Investigation shows legislators from both parties altered their investments after speaking to Treasury and Fed officials.

During the 2008 financial crisis, U.S. lawmakers reconfigured their financial portfolios after speaking with officials at the Treasury and the Fed, according to the Washington Post. By examining appointment calendars and congressional disclosure forms, the Post found 34 members of Congress made changes to their investments after speaking with administration officials.

Though congressional rules allow members of the House and Senate to make financial moves, legislators may have known more than the public about the state of the economy, and their decisions as lawmakers affect the market, ethics experts say.

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