New York (AP) – We offer credits for Marjorie Taylor Greene.
Republican lawmakers, avid supporters of the Trump administration’s trade policy, not only bought stocks last week because others panicked, but also scooped up some of the biggest losers.
Parents of Lululemon, Dell Computer, Amazon, Restoration Hardware, and several others have been surged by the threat of Trump’s tariffs.
The required data from the 3-page financial holdings document does not exactly disclose the amount she paid for the stock, and does not disclose only the scope and date.
But even if she is, some of her bets have been athletic so far, at least as of the end of Wednesday.
Formerly known as Restoration Hardware, RH is the clear winner of Greene. Since the end of Friday, more than a third of her jumped from when she bought after a spectacular price collapse that even shook the length of the furniture retailer.
“Ah, SH…!” RH CEO Gary Friedman said on a conference call last week as stocks plummeted.
Dell jumped to 9% as Greene bought a share last week after losing more than half its value.
Both key parties have proposed a bill that bans stock trading because of a clear conflict of interest in owning stock in a company that can have a significant impact in the position of office.
But none of the clunkyly named bills have been passed, such as the Transparent Representative Advocacy Services and the Congressional Trust Act, for example. Last month, a new bill was proposed, Congress’s final stock trading law.
In a statement, Green was asked if he bought the shares himself and was asked about the possible conflict of interest, saying, “I have signed a contract to allow my financial advisor to manage my investments. All of my investments are reported with complete transparency.”
Maga supporters are frank about her support for Trump’s tariffs.
“Taxes are a strong, proven source of leverage to protect our national interests,” she posted to X earlier this year, adding, “Winning this trade war.”
Investors are not completely convinced.
Stocks were down again on Thursday after a surge on Wednesday, when Trump partially stopped import taxes.
