Gillibrand Flip-flop: STATEMENT ON SENATE PASSAGE OF FEDERAL STOCK ACT


FOR IMMEDIATE RELEASE

Contact: Becky Miller

RMiller@NYGOP.org

518.727.1841

“We’re pleased that Senator Gillibrand has recognized the error of her ways and is now opposed to congressional insider trading. However, not long ago, when Gillibrand was a member of the House and privy to inside information on a plethora of topics, her husband “shorted” housing stocks at least 34 times, giving the couple a financial windfall as millions of Americans saw the value of their homes abruptly plummet.

Like many of her positions, Senator Gillibrand has done an about-face and is now trying to claim credit as a champion for reform of the broken rules she exploited and profited from. If Ms. Gillibrand was genuinely concerned with transparency, she would disclose to the public where she got the foresight to invest against the housing market at a time when most of the country was unaware of its imminent collapse. It begs the question-what else don’t we know about her investments?” -Ed Cox, Chairman NYS Republican Committee

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