Meet the Congress Members Trading Defense Stocks While Shaping Military Policy
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Photo caption: More than half of the Pentagon’s budget goes to private contractors such as Lockheed Martin and Raytheon, which could benefit members of Congress invested in those stocks. Photo credit: Kevin Moloney / Getty Images. Op-ed by Nick Cleveland-Stout. Source: Common Dreams. Op-ed reprinted by Truthout – September 18, 2022.
The New York Times reported this week that 97 members of Congress “bought or sold stocks, bonds, or other financial assets that intersected with their congressional work or reported similar transactions by their spouse or a dependent child” between 2019 and 2021. With more than 3,700 such trades in those three years alone, the investigation reveals potential conflicts of interest in nearly every area of policymaking. Defense policy is no different. […]
