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From the staff of the Tampa Bay Times

Ginny Brown-Waite's stock trading

29

June

UPDATE: U.S. Rep. Ginny Brown-Waite responded to the criticism for the first time in an interview with the Times. She denied she did anything wrong and suggested she had no more information than someone watching C-SPAN. Not to mention, she said, she lost money. But a 2010 Democratic opponent isn't buying it. He wants the SEC to investigate. 

From the Cleveland Plain-Dealer: As financial markets tumbled and the government worked to stave off panic by pumping billions of dollars into banks last fall, several members of Congress who oversee the banking industry were grabbing up or dumping bank stocks. ...

... For example, Rep. Ginny Brown-Waite, a Florida Republican, bought Citigroup stock valued between $1,001 and $15,000 on Oct. 2, the day before the House passed the financial rescue bill and President George W. Bush signed it into law, records show. She opposed the bill.

Eleven days later, she bought $1,001 to $15,000 worth of Bank of America stock. It was on the same day that then-Treasury Secretary Henry Paulson told leading banks that he expected them to accept billions in bailout money to prevent a financial meltdown.

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[Last modified: Thursday, September 9, 2010 4:49pm]

    

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