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Wall Street Predators Make Allies Of Political Foes By Daniel HOFFMAN
02/02/21 AT 1:03 AM
Recent stock market mayhem has done what appeals to rise above self-interest could not gotten US politicians of all stripes to agree.
While the broad partisan landscape remains combatively polarized, elected officials from the conservative right to the progressive left are standing up against what they condemn as market manipulation by Wall Street.
Their first targets were hedge funds that bet shares would tank for companies in seemingly precarious financial positions such as GameStop, AMC movie theaters and Bed, Bath & Beyond. Texas attorney general Ken Paxton and New York attorney general Letitia James are looking into Robinhood over how it handled GameStop trading Photo: AFP / Olivier DOULIERY
Pool Washington Examiner / Associated Press
Sen. Ted Cruz
In the wake of the Jan. 6 Capitol riot, Texas Republican Senator Ted Cruz has received calls to resign and ethics complaints from Democratic Senate colleagues.
Cruz, a lawyer, is also getting blowback from members of the legal community.
Lawyers and law students are seeking to disbar him with a set of grievances filed Thursday with the State Bar of Texas. They say Cruz and Missouri Senator Josh Hawley made false statements about the 2020 election, violating the ethical standards of the profession.
“We couldn’t stand by and stay silent while some of the most prominent members of our profession are eroding the institutions, the rules and the principles that we joined this profession to defend,” said Ramis Wadood, a third-year student at Yale Law School.
Several U.S. lawmakers have recently received threats to their safety as House Speaker Nancy Pelosi called for ramped-up security in the Capitol and leveled allegations that the dangers are coming not just from the public but also from an “enemy within” Congress itself.
Pelosi’s comments Thursday highlighted the growing tension between the political parties in Congress over safety concerns since this month's Capitol attack by supporters of former President Donald Trump. Five people died in the violence.