Senator Gillibrand Cashed in on Shorting Housing Stocks
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- Created on Tuesday, 07 February 2012 07:29
Last week a report was released that detailed New York's junior Senator Kirsten Gillibrand's hypocrisy. Back when she was a member of Congress and privy to insider information, Gillibrand and her husband shorted housing stocks 34 times. This was at a time when the housing crisis was in to gear. The obvious perception is that Gillibrand profited from the insider knowledge she obtained, which, at the surface, appears to be accurate. The result was huge financial gains for the Gillibrand's due to insider information. What's ironic is that Gillibrand, a radical liberal, claims to be a champion of the STOCK Act, which is aimed at stopping insider trading! The irony of politics, particularly liberalism: do as I say, not as I do.