Amid current banking woes generally, “several lawmakers are facing questions about recent stock trades, involving First Republic Bank.” Utah GOP representative John Curtis and Oregon Dem Earl Blumenauer “also reported trades of First Republic Bank stocks leading up to its failure on Monday.” Meanwhile “shares in First Republic…fell more than 75 percent last week” (the last week in April), Newsweek reported “after the bank announced that depositors withdrew $100 billion in March.” Suffice it to say, the congressional trades look not just fishy, but outright crooked. More
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This content originally appeared on CounterPunch.org and was authored by Eve Ottenberg.