reSee.it Video Transcript AI Summary
Senator asks whether the SEC should investigate President Trump for stock trading behavior similar to what would trigger SEC attention if done by private citizens, referencing a prior statement that the SEC would be knocking on a private citizen’s door for trading like members of Congress.
The Secretary responds that if the body wants to ban individual stock trading (advocating for it for the committee), it should start there, and that further legislative action is the body’s prerogative. When pressed, the Secretary says the trade “should be investigated” and that “President Trump should be investigated,” supporting the idea of “getting your house in order.”
The Senator then asks about an investigation into White House conduct and the Secretary answers with “Please lead by example,” which the Senator repeats, saying they want the President to lead by example. The Senator asks a separate question: if the stock purchases were made using inside information, would that be illegal. The Secretary declines to answer, saying they are not a lawyer. The Senator then asks whether it would be worth investigating, and the Secretary responds that the Senator is the one who said what should be investigated, suggesting that “we investigate many people in this committee.”
Senator asks whether the White House should follow the same set of rules already in law. The Secretary again emphasizes “get your house in order here,” and adds that committee members, “mostly on your side of the aisle,” should do the same.
The Senator concludes by arguing for stronger anti-corruption and conflict-of-interest rules in Washington for everyone, including the president and Congress, and states that draining the swamp is not happening because “what Donald Trump is doing is he is enriching himself by taking advantage of his position,” which the Senator calls not public service, reiterating that the president should lead by example.