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Records reveal Senator Perdue helped defense contractor, then traded its stock for massive profit


calguy
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https://www.thedailybeast.com/sen-david-perdue-helped-defense-contractor-and-sold-off-its-stock

Sen. David Perdue had never invested in the Navy supplier BWX Technologies until right before he assumed control of the Senate Armed Services Subcommittee on Seapower.

Updated Nov. 18, 2020 8:31PM ET Published Nov. 18, 2020 8:30PM ET 

Right before he was put in charge of a powerful Senate subcommittee with jurisdiction over the U.S. Navy, Sen. David Perdue (R-GA) began buying up stock in a company that made submarine parts. And once he began work on a bill that ultimately directed additional Navy funding for one of the firm’s specialized products, Perdue sold off the stock, earning him tens of thousands of dollars in profits.

In January 2019, Perdue was named as the chairman of the Senate Armed Services Subcommittee on Seapower. It was good home-state politics for Perdue: Georgia is home to one of the most important Naval facilities on the East Coast, the Kings Bay Naval Submarine Base. And his appointment was seen as a win for the submarine segment of the Navy, with trade publications calling it a “coup” for submariners.

 
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I’ve said it a thousand times, elected officials should not be allowed to buy/sell stock. This shit happens across the board all the time. Pelosi is one of, if not the worst offender. Gotta get this shit outta the game, in addition to a 10 year moratorium on working for anyone associated with the group that has been lobbying an elected official.

 

what is “legal” for these elected officials is a crime for everyone else.

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