'RepLoisFrankel seems to have a knack for finding herself where money and politics intersect, and she always seems to come out ahead.' -TPCarney
Lois Frankel, chairwoman of the Democratic Women’s Caucus, sold her shares of First Republic Bank just before the bank’s stock collapsed on the way to being closed by federal regulators. The Daily Caller’s James Lynch reported this on May 1, and it seemed to spur a bipartisan group of younger lawmakers to introduce another bill banning stock trades by sitting members of Congress.
What she doesn’t address is whether her money manager acts on any inside information Frankel may have as a member of Congress or, in particular, as an appropriator. “Fort Lauderdale’s Downtown Development Authority awarded a lucrative, no-bid contract for its security patrol program to a private guard firm with political ties to Congresswoman Lois Frankel.
“Democrat Frankel’s glowing endorsement of PSC and its regional boss, Willie Perez, was used in a marketing PowerPoint presentation to the DDA’s board of directors before it voted unanimously on June 12, 2014 to hire PSC without seeking competitive bids.
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