It was shortly after midnight in Baghdad on Friday, Jan. 3, 2020, when a missile strike ordered by President Trump killed Iranian General Qassem Soleimani.
When stock markets opened the next day, dozens of members of Congress saw bumps in their portfolios as their holdings in defense contractors like Lockheed Martin and Raytheon increased in value on the possibility of war. Over the next three trading days, the leading defense industry stock index would surge 2.4% above Thursday’s close.
Among these members of Congress with personal investments in the defense industry are several who sat on committees that determine major sources of funding for defense companies and weapons contractors.
According to a 2020 Sludge review of financial disclosures, 51 members of Congress and their spouses own between $2.3 and $5.8 million worth of stocks in companies that are among the top 30 defense contractors in the world. Members of Congress generally report the values of their investments in ranges, so it’s not possible to know exactly how much their stocks are worth.
The arms and biological warfare industries make their fortunes on violations of Human Rights 1, 2, 3, 5, 6, 7, 9, 13, 17, 19, 20, 21, 28, 29, and 30.