We The People

We The People

Friday, November 11, 2022

As Covid Hit, Washington Officials Traded Stocks With Exquisite Timing - WSJ

As Covid Hit, Washington Officials Traded Stocks With Exquisite Timing - WSJ

Federal officials working on the government response to Covid-19 made well-timed financial trades when the pandemic began—both as the markets plunged and as they rallied—a Wall Street Journal investigation found.

In January 2020, the U.S. public was largely unaware of the threat posed by the virus spreading in China, but health officials were on high alert and girding for a crisis.

A deputy to top health official Anthony Fauci reported 10 sales of mutual funds and stocks totaling between $157,000 and $480,000 that month.

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