Posting on X (formerly Twitter) about the sorry state of things in the United States Congress, particularly when it comes to stock trading amongst members of the national legislature, stock trading that appears to many to be rooted in insider information and political pull, former Congressman Matt Gaetz said he would expose evidence of corruption in the Swamp.
As background, numerous members of Congress have been called out for their apparent corruption. Particularly, former Speaker of the House Nancy Pelosi and Rep. Dan Crenshaw (R-TX) are frequently pointed at as examples of such a practice, as they routinely beat the stock market index. Numerous others, however, in the Democratic Party and GOP, manage even better returns than they.
Posting about the matter, an X account called “Quiver Quantitative” noted, “We posted this report on a suspicious purchase of Fair Isaac stock by a U.S. Congressman in May. $FICO has now risen 108% since the trade. Look at this screenshot from Quiver:” The screenshot said, “Representative Josh Gottheimer has disclosed a purchase of stock in Fair Isaac Corporation, $FICO. FICO is a credit scoring service. Gottheimer sits on the House Financial Services Committee. We’ll be watching this one.”