Congress Sells, and the Market Falls

Shortly before the stock market fell off a cliff last month, several members of Congress collectively sold millions of dollars in shares. Now they’re taking political heat, though much of the outrage has the whiff of moral panic.

Senator Richard Burr (R., N.C.) and his wife sold between $628,000 and $1.7 million of stocks—the disclosures show only ranges—on Feb. 13. The disposed shares included stakes in Wyndham Hotels and Extended Stay America.

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