Rep. Hakeem Jeffries and Rep. Alexandria Ocasio-Cortez are slamming Republican Rep. Marjorie Taylor Greene for what they known as profiteering over wild market swings sparked by President Trump’s unpredictable tariffs marketing campaign.
The New York Democrats known as for an investigation into experiences that Greene purchased shares earlier than Trump introduced a 90-day delay of his tariffs in opposition to nearly all buying and selling companions, a transfer that despatched Wall Avenue hovering.
Greene additionally bought treasury bonds, benefitting from a dip of their value sparked by the identical dramatic Trump actions.
“So many of these people are crooks, liars and frauds. And Marjorie Taylor Greene is, of course, exhibit A,” stated Jeffries (D-New York), who’s Home Minority Chief. “We are seeing corruption unfold before us in real time.”
Rep. Alexandria Ocasio-Cortez (D-NY) speaks throughout a cease on the ‘Fighting Oligarchy’ tour with U.S. Sen. Bernie Sanders (I-VT) at Grand Park on April 12, 2025 in Los Angeles, California. (Photograph by Mario Tama/Getty Photos)
Ocasio-Cortez (D-N.Y.), who represents elements of Queens and the Bronx, additionally trashed Greene at a rally Monday night time in Boise, Idaho.
“We saw Marjorie Taylor Greene buy that dip,” stated Ocasio-Cortez, who’s headlining a progressive “Fighting Oligarchy” tour with Sen. Bernie Sanders’s (I-Vt.). “I got one question for her: How much did you make? How much did you make off of people’s despair?”
Greene filed monetary disclosure varieties confirming she made inventory purchases of as much as $300,000 the day earlier than and simply after Trump’s April 9 announcement that he was delaying imposition of tariffs of as much as 50% on imports from nearly all nations apart from China. Trump instructed supporters that it was a “great time to buy.”
The White Home announcement despatched Wall Avenue roaring again after a large drop sparked by Trump’s unique announcement of huge tariffs.
Greene reportedly purchased inventory in Apple, Tesla, Nvidia and different companies which have seen outsized jumps of their share costs since Trump’s announcement.
The fitting-wing Georgia Republican dismissed the allegations of insider buying and selling and stated her monetary adviser makes trades with out her data or involvement of particular person transactions.
“All of my investments are reported with full transparency,” she instructed the Atlanta Journal-Structure.
Each Jeffries and Ocasio-Cortez stated the disclosures about MTG ought to gas a push to ban sitting lawmakers from buying and selling shares to stop potential conflicts of curiosity.
“We do need to change the law so that sitting members of Congress cannot trade stock, period. Full stop,” Jeffries stated.
Inventory buying and selling bans for lawmakers have been proposed by Home members on either side of the aisle.
It was a delicate concern for Democrats in addition to the GOP throughout the time of former Home Speaker Nancy Pelosi (D-California), whose husband, Paul Pelosi, is a really profitable stock-trading investor.
