A Democrat congresswoman sold shares in First Republic Bank while the price was tanking - then purchased stock in JPMorgan before it took over the doomed institution.
The news comes the same day a bipartisan bill was introduced by left-wing 'squad' member Alexandria Ocasio-Cortez and Trump supporter Matt Gaetz to ban stock trading by members of Congress.
Florida legislator Lois Frankel sold her First Republic stock on March 16 while its value was sinking.
She then purchased stocks in JPMorgan on March 22, weeks before it took over First Republic.
Florida Democrat Congresswoman Lois Frankel sold up to $15,000 stock in First Republic in March before it tanked by 80%
Lois Frankel by SAUL MARTINEZ is licensed under Flickr Department of Labor
Lois Frankel by SAUL MARTINEZ is licensed under Flickr Department of Labor
Source:
Daily Mail
