Government and Politics
October 13, 2024
The Guardian: Republican Senate Candidate’s Hedge Fund Managed $415M In Russian Debt
CNN: Senate Candidate Dave McCormick Led Hedge Fund That Bet Against Some of Pennsylvania’s Most Iconic Companies
PENNSYLVANIA — David McCormick had a terrible week. The Guardian exposed his investments in Russian sovereign bonds and CNN reported that McCormick bet against some of Pennsylvania’s most iconic companies.
A Look Back on McCormick’s Week:
A new report from The Guardian reveals that David McCormick invested $415 million in sanctioned Russian debt as CEO of Bridgewater Associates.
McCormick faced scrutiny for selling out Pennsylvania workers by making massive bets against iconic Pennsylvania companies, including U.S. Steel and Hershey.
McCormick was banned from a restaurant after his representative deceived a local business by telling them their planned campaign event was an autism awareness event.
Donald Trump called out David McCormick in front of thousands in Pennsylvania, telling rally goers that “nobody wants to hear [McCormick] right now.”