Bradford Pearson, Philadelphia Magazine: “If I was Running to be the U.S. Senator From […] Pennsylvania I Would Probably Not Run a Hedge Fund That Bet on the Failure of Hershey’s, Comcast, and U.S. Steel”

PENNSYLVANIA — David McCormick is continuing to face scrutiny for selling out Pennsylvania workers by making massive bets against iconic Pennsylvania companies, including U.S. Steel and Hershey, to protect his own bottom line.

What They Are Saying:

Raw Story: Senate GOP candidate accused of shorting stock of his own state’s companies

• While leading his hedge fund, Republican candidate for the U.S. Senate in Pennsylvania, David McCormick, shorted the stock of Pennsylvania’s own companies, CNN reported Wednesday.

• So, while Pennsylvania was fighting through the COVID-19 pandemic and losing jobs, McCormick was trying to make more money off the backs of the state’s biggest employers, like The Hershey Company and US Steel, the report suggests.

• CNN said that as recently as last year, McCormick was bragging he was making all of the decisions for Bridgewater’s investments.

Bradford Pearson, Philadelphia Magazine:

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