Rep. Alexandria Ocasio-Cortez (D-NY) called out her colleague, Rep. Marjorie Taylor Greene (R-GA), who reportedly played the stock market to profit off of Donald Trump’s flip-flopping on tariffs last week.
“We saw it just happen, with Trump’s corrupt and disastrous and rushed tariff scheme, we saw Marjorie Taylor Greene buy that dip,” Ocasio-Cortez said as the crowd booed during a rally in Nampa, Idaho. “I’ve got one question for her: how much did you make?”
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“When we tell the truth about what Republicans are doing, and when we’re unafraid to do that, it generates momentum.”
“How much did you make off of people’s despair? How much did you make off of that panic? How much did you make off of that suffering? No more. We can’t accept it.”
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AOC: We saw Majorie Taylor Greene buy that dip. How much did you make? How much did you make off of people’s despair? How much did you make off of that panic? How much did you make off of that suffering? No more. We can’t accept it
— Acyn (@acyn.bsky.social) April 15, 2025 at 3:08 AM
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Ocasio-Cortez’s words were backed by an article published by the New York Times yesterday about Greene’s latest financial disclosure, which showed that Greene purchased tens to hundreds of thousands of dollars of stocks on April 8 and 9.
Last week, the stock market took a hit as Trump’s “reciprocal tariffs” were supposed to be implemented. The tariffs – which are taxes on imported goods and are not, in fact, reciprocal in that they are not a response to tariffs imposed on the U.S. – were expected to restrict global trade and adversely affect commerce in the U.S. by driving up the price of producing goods and purchasing them.
Late on Wednesday, though, Trump announced a 90-day delay on the reciprocal tariffs (his across-the-board 10% tariffs, though, as well as reciprocal tariffs on China, are still in place), which sent the stock market skyrocketing at the end of the day. So anyone who purchased stocks when the market was low and then sold them after Trump’s announcement of the delay – when the market was high – would have made a large profit.
And it appears that’s what Greene did. It’s hard to tell how much she bought in the hours before Trump’s announcement since Congressional disclosure forms only require vague categories of stock values to be reported, but she bought between $21,000 and $315,000 in stocks just before Trump’s announcement of a delay in tariffs.
Greene has not commented on why she bought those stocks at that moment. The market was crashing because most people were selling stocks. That is, most people who owned stocks thought that the market was going to lose more value so they were selling en masse. Greene did the opposite of most people on the stock market by buying at that moment. If Trump had not made his surprise announcement of a delay in tariffs, she would have lost money by purchasing then. But hours later, he did make that announcement, and Greene profited.
Ocasio-Cortez wasn’t the only Democrat calling Greene out for profiting from what looks, at least from the outside, like insider trading. House Minority Leader Hakeem Jeffries (D-NY) told MSNBC host Jen Psaki that the law needs to be updated to ban what Greene appears to have done.
“So many of these people are crooks, liars, and frauds,” he said. “And Marjorie Taylor Greene is, of course, exhibit A.”
“We do need to change the law so that sitting members of Congress cannot trade stock. Period. Full stop.”
Jeffries: "So many of these people are crooks, liars, and frauds, and Marjorie Taylor Greene is of course exhibit A … we do need to change the law so that sitting members of Congress cannot trade stock. Period. Full stop."
— Aaron Rupar (@atrupar.com) April 15, 2025 at 2:27 AM
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