Democrats have another brewing scandal on their hands.
It’s a huge problem for Joe Biden.
And a $1.5 million payment has this Trump-hating Democrat in hot water.
Democrat Congressman Jamie Raskin admitted he was in violation of the STOCK Act for failing to properly disclose his wife’s sale of 200,000 shares of stock worth $1.5 million after serving on the board of a financial technology company out in Colorado.
Business Insider reports:
Democratic Rep. Jamie Raskin of Maryland violated a federal conflict-of-interest law by failing to properly disclose stock shares his wife received for advising a Colorado-based financial technology trust company.
The congressman disclosed information about the sale of Reserve Trust stock eight months after Sarah Bloom Raskin dumped the stock in late 2020 for $1.5 million, an Insider analysis of federal records indicates.
This violation of the Stop Trading on Congressional Knowledge Act’s disclosure provisions, which exist to promote transparency and defend against financial conflicts, comes at a time of significant national attention for the Raskins.
This payment looms large because Raskin – one of the most bloodthirsty Democrat partisans in Congress – sits on the January 6 committee and served as one of the House managers in the Democrats’ second attempt to impeach Donald Trump.
Joe Biden also nominated Raskin’s wife, Sarah Bloom Raskin, to serve in a key position at the Federal Reserve.
The circumstances surrounding Sarah Bloom Raskin’s sale of 200,000 shares of Reserve Trust stock appear right out of a bad movie about typical Washington, D.C. corruption.
Wyoming’s conservative Senator Cynthia Lummis slammed Sarah Bloom Raskin in a previous hearing for the suspicious nature of the stock transaction.
“You leave Treasury, you serve on the board of Reserve Trust for two years. Their first application for a master account is denied but after the denial you call the Federal Reserve and Reserve Trust receives a Fed master account, the only state-chartered trust company in the country to get one, and you walk away with $1.5 million,” Lummis stated.
Senator Lummis added that companies in Wyoming faced a brick wall of opposition from the federal government in obtaining a master account with the Federal Reserve but a company where Raskin sat on the board – and walked away from with $1.5 million – jumped to the head of the line.
“My state’s companies, my constituents have been stonewalled, have been slow-walked and have not been able to get approval even though they’ve been working with the Fed for 2 1/2 years,” Lummis fumed. “I don’t the details here because the Fed hasn’t provided us with any documents we’ve asked about Reserve Trust’s master account, but I think this requires additional scrutiny by the committee.”
Sarah Bloom Raskin also faces a difficult confirmation hearing because of her radical ideology.
Joe Biden appointed Sarah Bloom Raskin to the Federal Reserve to entangle the Federal Reserve in the Biden administration’s effort to turn America into a socialist nation using the Trojan horse of fighting so-called “climate change.”
Two years ago Sarah Bloom Raskin criticized the oil and natural gas industry as “dying” and advocated for the Federal Reserve to choke off fossil fuel companies from lending programs.
Last year Sarah Bloom Raskin urged America to move away from fossil fuels towards the so-called “green” energy sources Democrats favor.
Joe Biden made an extremely controversial nomination in Sarah Bloom Raskin.
And many Republicans believe they must defeat this nominee.
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