Grassley’s Hunt For An Obama Insider Trading Scandal Backfires On GOP
Fox News, the Republican party’s primary PR company, won’t be reporting on this any time soon.
But in a twist, the Wall Street Journal reported last week that federal regulators and law enforcement officials have now focused their attention on a Republican health policy staffer in the House. A lawsuit filed on Friday by the Securities and Exchange Commission, first reported by the Journal, said investigators believe the staffer “may have been” the source of the leak. It also sought to force the staffer to turn over records to investigators, something he and the committee have reportedly refused to do despite being handed subpoenas.
But wait, there’s more…..
The SEC lawsuit alleges that the House staffer, Brian Sutter, spoke with a lobbyist — identified by the Journal as Mark Hayes, who happens to be a former aide to Grassley — on the day of the leak. The suit alleges that Sutter was in touch with Hayes by both email and phone and that they discussed the upcoming Medicare policy change.
Well, what a surprise indeed.