As small businesses collapsed and local economies took a hit amid the pandemic and stringent shutdowns, some elected Democrats have done quite well for themselves. Among these Covid profiteers, Rep. Tom Malinowski is a leader of the pack, but political repercussions are on the horizon.
By Bill Cortese
Rep. Malinowski bought, sold up to $1 million in companies with a stake in pandemic response
U.S. Rep. Tom Malinowski “bought or sold as much as $1 million of stock in medical and tech companies” with “a stake” in the COVID-19 pandemic response.
By Todd DeFeo
Daniel Goncalves: Reddit investors v. Wall Street, Part 2 — revenge of the powerful
Part one of this two-part series examined how a group of redditors fought major Wall Street hedge funds in an epic David and Goliath tale. This piece discusses the financial establishment’s swift attempt at retribution and that retribution’s social consequences.
By Daniel Goncalves
Daniel Goncalves: Reddit investors vs. hedge fund billionaires, Part 1
Melvin Capital’s bet against GameStop failed, and people became a bit more knowledgeable about how Wall Street works, or fails to work, because of the saga.
Part one of a two-part series by Daniel Goncalves