Rep. Alan Grayson loses $18M in stock scheme

Florida Rep. Alan Grayson, known as a heated defender of Democratic Party principles and partisan attacker of Republican views — especially during the Obamacare debates — was one of more than 100 victims of a massive stock trade scheme.

Mr. Grayson‘ loss came to light during the court sentencing of William Dean Chapman, who was given 12 years in prison for taking investors’ money and using it to buy a Lamborghini, a Ferrari and a $3 million house.

GRAYSON'S MILLIONS

"Where does he get all that money?"

I answered this question on a duplicate thread in length. Here it is in a nutshell....

He plays the stockmarket and has for years. Undoubtedly all House members who want to be filthy rich are doing the same thing.

Sometime ago, and very quietly, congress passed a bill EXEMPTING members and EVEN THEIR STAFFS from benefitting from insider trading. "Insider trading" was formerly a crime....and it still is for you and me. Insider trading was involved in sending Martha Stewart into the Club Fed slammer for a stay.

Congressmen get inside tips on the stock market all the time from lobbyists, bankers, Wall Street traders and businessmen in return for quiet minor or major favors.

This is why when congresscritters leave DC for good, most of them are millionaires, although most came into office figuratively with pocket change.

This is why old political hacks in DC they never retire till they are carried out feet first.....or their little grey cells are no longer running on all six.

Leni

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