There has been a lot of talk about highly successful – and often suspiciously successful – stock market trades made by U.S. elected officials.
Looking at the profits of various members of Congress, this is hardly surprising as, for example, Representative Brian Higgins had a return on investment higher than 200% in 2023, while Representative Nancy Pelosi made ten times her annual salary within four months on a single stock.
Still, not all Congresspeople have the same uncanny talent – or uncanny access to insider information as some, including the “Wolf of Wall Street” Jordan Belfort would suggest – and Democrat Sri Thanedar, representing Michigan’s 13th congressional district, might have recently made the worst-timed trade of 2024 out of all his peers.
Representative Thanedar’s ill-timed trade
Representative Sri Thanedar went on a selling spree on January 23 and 25, 2024, and offloaded stocks of a wide variety of companies, including well-known technolo
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