CARPETBAGGING
carpetbagger car‧pet‧bag‧ger [ˈkɑːptˌbægə ǁ ˈkɑːrptˌbægər] noun [countable] informal disapproving
1. FINANCE an investor who puts their money into a life insurance or a building hoping that it will demutualize (= become a company with shares) and that they will get a windfall (= money paid to members if they agree to the change):
• It has opened eight times the normal number of accounts, partly because of activity from carpetbaggers.
— carpetbagging noun [uncountable] :
• carpetbagging which brought record cash inflows
2. a politician who is active in an area that is not their home because they think they have more chance of being successful there than at home:
• Some branded them carpetbaggers for the long period they had spent in exile abroad.