During the 2008 financial crisis, U.S. lawmakers reconfiguredtheir financial portfolios after speaking with officials at theTreasury and the Fed, according to the Washington Post. Byexamining appointment calendars and congressional disclosure forms,the Post found 34 members of Congress made changes totheir investments after speaking with administration officials.
Though congressional rules allow members of the House and Senateto make financial moves, legislators may have known more than thepublic about the state of the economy, and their decisions aslawmakers affect the market, ethics experts say.
For the full story.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
