As Fears of Banking Crisis Surged, Members of Congress Sold Bank Shares

Posted on AllSides April 21st, 2023
From The Left
Cliff Owen/Associated Press

On March 10, as fears were swirling over the health of the nation’s banks, an investment account belonging to the children of Representative Jared Moskowitz, Democrat of Florida, sold shares of Seacoast Banking Corporation worth $65,000 to $150,000.

Two days later, with the government working to control the crisis, Mr. Moskowitz said in a television interview that he had attended a bipartisan congressional briefing on the tumult. And on March 13, as investors fretted over the failure of Silicon Valley Bank and two other, smaller banks, Seacoast Banking shares fell...

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