Not much visible reaction from the Tar Heel Circle. Not believing, or taking quiet reasonable precautions?
Or possibly unloading stocks, selling short?
If they unloaded stocks based on this thats called insider trading
Burr has been a douche for a long timehe would have been more than happy to dump on Trump because hell still be a senator
His much of that info was classified
Did Cong Schiff dump stock based on secret intel he had access to?
Adam Schiff is the head of the House intelligence committee, and has access to the governments most highly classified information about threats to Americas security.
The intel committee was receiving daily coronavirus briefings, according to a Reuters story.
The stock market then began a sharp decline.
On Thursday, Schiff’s Senate counterpart, came under fire after NPR obtained a secret recording from Feb. 27, in which Intel chair Sen Burr gave a VIP group at the exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public.
Senator Burr filed a financial disclosure form for personal transactions made several weeks before the U.S. and financial markets showed signs of volatility due to the growing coronavirus outbreak, his spokesperson said. As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy.
Drag this ***hole out of his office and horsewhip him.
L
Weeks ago the cat was out of the bag.
About 3 weeks ago and here on FR you would gotten the same and maybe better info. NPR has been flogging this all day. They are breathless to take someone out over COVID.
He sold over a million worth of stocks in 29 transactions on Feb 13.
Only $1.6 million dumped.
https://www.politicususa.com/2020/03/19/richard-burr-stock-selloff.html
https://www.opensecrets.org/news/2020/03/burr-unloaded-stocks-before-coronavirus/
Oh come one now. Entry one who want fixated on impeachment, impeachment, impeachment knew this was a problem and coming our way. Gee, I guess Im an inside trader as well.
Sorry, I am not going to give an inch to the media when it comes to this virus and their use of it. If that means supporting a d-bag like Burr, so be it.
There are going to be revelations on both sides of the aisle! It’s time@
Wonder how much Xi is paying China news-stooges like this guy?
Three weeks ago?? Geesh it was pretty obvious 2 months ago to anyone paying attention.
Oh PLEASE! It was obvious to all but the FluBros that this was going to be HUGE DEAL, just from the reports coming out of China. Should be who acted on those reports (and got out of the market and stocked up) also be punished for Insider Trading?
Not much visible reaction from the Tar Heel Circle. Not believing, or taking quiet reasonable precautions?
Or possibly unloading stocks, selling short?
There was a story somewhere this evening to the effect that Burr did just that. I think the number was $1.6 million.
So his notice to his pals was to sell, without actually saying so.
And no one asks how they get rich on a salary that will not even pay their bvills in DC.
Well, What we know is that he dumped stocks, big time. Thanks Richard, for not warning the rest of us.
Government always plays hide the ball with the public. at this moment, the model the government is using to drive policy is not public. Hide the ball.
We need to find out how many senators and representatives sold stock in the past few weeks
The reaction of the stock market could be postulated from what was made public about the virus in China and the problems with the cruise ships back in January. I don’t blame the politician for selling as it was a prudent thing to do. The information and speculation was there and he acted upon it but the information was available to everyone to evaluate.
My 17-year-old son told me about coronavirus three or four weeks ago and I dont think he has any kind of special access to information