Marjorie Taylor Greene Finds a Way to Profit Off Government Debt [View all]

[douglas9]

Last September, Rep. Marjorie Taylor Greene (R-GA) called for a shutdown to stop government spending. Four days later, she lent the government money.

Financial disclosures show that on Sept. 21, the anti-government conspiracy theorist bought between $250,000 and $500,000 in U.S. Treasury bills—low-yield financial instruments that help the government fund the debt and pay expenses such as salaries.

Greene, of course, has styled herself as a fierce fiscal hawk, going so far as to co-sponsor a bill earlier this year titled “Recognizing the national debt as a threat to national security.”

But Greene must not think it’s much of a threat: The T-bill purchase was her largest transaction of the year—and it’s not even close.

Greene, who is a multimillionaire, has traded heavily in securities since she joined Congress a year ago, executing 76 purchases and 14 sales. Of those 90 transactions, the second-largest purchase range behind the T-bill buy was between $15,001 and $50,000—a difference of hundreds of thousands of dollars. (Congressional disclosures only give dollar amounts in ranges.)

https://www.thedailybeast.com/marjorie-taylor-greene-finds-a-way-to-profit-off-government-debt?scrolla=5eb6d68b7fedc32c19ef33b4