Do Lawmakers Have More Insight Into Stocks Than The Public? TikTok Users Think So.

The NPR Politics Podcast

NPR

Politics, Daily News, News

4.5 • 24.9K Ratings

🗓️ 23 September 2021

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Seven House lawmakers are facing ethics complaints for violating the Stock Act, which polices insider trading, because of a recent bipartisan trend of lawmakers ignoring disclosure requirements. They say it was an accident.

Plus, TikTok accounts are using public disclosures to tell followers when to buy and sell stock based on what congressmembers do. It's a clear sign of the distrust the public has in their officials.

This episode: White House correspondent Tamara Keith, congressional correspondent Deirdre Walsh, and investigative correspondent Tim Mak.

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Transcript

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0:00.0	Hey y'all, this is Graham and Bar Harbor Main, where I just quit my job to go get a Masters
0:04.0	in Public Policy.
0:05.0	But before that, I'm going to ride from Bar Harbor Main to Anacortis, Washington.
0:10.1	This podcast was recorded at...
0:12.0	138 pm on Thursday, the 23rd of September.
0:16.7	Things may have changed by the time you hear it, but hopefully I'll be a little bit farther
0:19.6	towards the West Coast.
0:20.6	Anyway, here's the show.
0:22.6	Congratulations!
0:23.6	I've been listening to a lot of podcasts on that ride.
0:29.4	Indeed.
0:30.4	Hey there, it's the NPR Politics Podcast.
0:33.1	I'm Tamer Keith.
0:34.1	I cover the White House.
0:35.1	I'm Deerder Walsh.
0:36.1	I cover Congress.
0:37.1	And today we are joined by NPR Investigative Correspondent Tim Mack.
0:41.7	Hey Tim.
0:42.7	Hey there.
0:43.7	So Tim and Deerder, you have both long covered how members of Congress trade stocks and how
0:48.7	sometimes their trades track a bit too close for comfort to what is happening in the
0:54.3	capital or what they learn in classified briefings, and trading stocks by members of Congress
	...

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