Congress "Ban" On Stock Trading Is a Total Scam and Here's Why

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AOC’s caucus says it wants to ban stock trading in Congress—but their own portfolios tell a different story. In this episode:

• The Progressive Caucus’ jaw-dropping returns: 106% for one rep, 71% for Pelosi
• How “blind trusts” are the new insider trading loophole
• The thousands of trades lawmakers make while supposedly doing their jobs
• Why Peter Schweizer warned us about this 15 years ago—and nothing’s changed

Congress isn’t banning stock trading. They’re gaming the system—and getting rich while you pay the bill.

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Congressional stock trading ban, ps bowl, extrement bull poopy yeh yeah.
Looks out some of these twenty four lawmakers in the
Congressional Progressive Caucus, led by the likes of AOC Yeah. Wow,

(00:40):
they're pretty good traders there, woo week Yeah. Yeah. Morgan
McGarvey out of Kentucky, the Progressive Caucus's vice chair. Wow,
he saw one hundred and six percent return on his
stock portfolio in twenty twenty four. He beat Pelosi. Pelosi

(01:04):
was up seventy one percent. Wow. And I go down
the list of all of these progressives that are putting
on this show a congressional stock trading ban. Don't doubt me.
It's not gonna happen, Not gonna happen. Oh, I'm sure
they'll pass something that is laden with a zillion loopholes

(01:29):
like it already has been. Peter Schweitzer wrote a book
was about fifteen years ago entitled Throw them all out,
and it was basically a book chronicling how both Democrats
and Republicans enriched themselves via stock trades. And at that
point in time, it wasn't just just the ones that

(01:49):
we vote in, it was also their staffers as well.
I think they eliminated that. I don't think the staffers
can get rich anymore. Only only representatives and uh and senators.
They're the ones can do it. I don't. I don't
think their their little minions can get rich off insider

(02:10):
trading anymore. And you look at some of these activity
in some of these accounts, thousands of trades, thousands of
trades over the course of the year. I'm pretty good,
pretty good at at trading. People listen to this program.

(02:35):
Do I trade for myself?

Speaker 1 (02:37):
No?

Speaker 2 (02:38):
No, I don't have the time to sit there and
do it, quite frankly, quite f it's you know, I
should be paying attention to my clients, because my client's
interests come before my own. I have a portfolio. Do
I make trades over the course yere? Yeah, More often

(02:59):
than not, I'm just taking profits, maybe hedging myself here
and there and adding to my portfolio. Thousands and thousands
of trades over the course of the year. Where do
you find the time to do this? And they'll say, oh,

(03:20):
people doing it for me. It's in a blind trust.
Does anybody actually believe that? Bs, it's in a blind trust?
Remember the movie Wall Street when Gordon Gecko had his
little membery what they called it, the Wall Street Chronicle
in the movie, he had his connection there and he

(03:41):
would call up and say, Blue Horseshoe loves whatever stock,
blue Star Airlines, whatever it might be talking about. You
don't think the same thing can hold true with the
people managing a blind trust. All of a sudden they
get a phone call saying red Donkey says, by this,
I mean who's going to track that? Again? It's a

(04:07):
big club, and you and I are not in it.
And if you honestly believe that these people in DC
are actually acting in our best interests are on the
up and up, and I don't care if it's an
elephant or a donkey, you're crazy. You know. Funny thing
is that the progressive squad, they're going crazy over all
this stuff. And what was it here again? Rocanna? Rocanna,

(04:33):
let me tell you the amount of trades that he
thirty four thousand, two hundred and seventy two trades since
he was elected in two thy seventeen. Come on man,
watchdog on Wall street dot com,