Democrat legislator and stock trading genius Lois Frankel
Investor Matt Allen published a fascinating tweet on how one Democrat legislator had the ability to learn the collapse of First Republic Bank.
Congresswoman Lois Frankel offered First Republic Bank in March prior to the stock dropped 80%
After she offered First Republic, she purchased JP Morgan Chase which simply purchased First Republic. She plainly had details.
Congresswoman Lois Frankel offered First Republic Bank in March prior to the stock dropped 80%
After she offered First Republic, she purchased JP Morgan Chase which simply purchased First Republic. She plainly had details.
If me or you did this then we would remain in jail. pic.twitter.com/blvDMF2ag6
— Matt Allen (@investmattallen) May 1, 2023
The Free Beacon reported:
Florida Democratic agent Lois Frankel is profiting from First Republic Bank’s collapse and subsequent buyout by JP Morgan Chase & & Co, according to congressional monetary disclosures reported on by Newsweek.
Frankel offered her stock in the San Francisco-based count on March 16, weeks prior to the worth of its shares dropped 75 percent and U.S. regulators took the stopping working bank’s possessions, Newsweek reported. A couple of days later on, on March 22, Frankel purchased stock in JP Morgan Chase & & Co, which on Monday purchased the majority of First Republic Bank’s possessions. The specific quantity of stock Frankel traded is unidentified, however according to the filing, the worth for each trade was in between $1,001 and $15,000, Newsweek reported.
Frankel’s wise trading fuels installing criticism of members of Congress trading stocks, which permits them to make money from markets they are expected to manage. Reps. Earl Blumenauer (D., Ore.) and John Curtis (R., Utah) likewise reported trading First Republic Bank stocks prior to its collapse.
The post Democrat Lawmaker Lois Frankel Sold First Republic Stock Before It Crashed by 80%– Bought JPMorgan Stock Which Just Bought First Republic Instead appeared initially on The Gateway Pundit
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