Her husband is the head of the NYSE....
“Lot of focus on the Republicans. But about the Dems? Feinstein sold $1-5m worth of stock in the same period”
https://mobile.twitter.com/RealFacelessMan/status/1240808566761676801
These stories are idiotic there is nothing wrong with their public statements or stock trades this is all a hit job. You didn’t need to be a senator to see this problem coming.
It may be immoral as hell, but unless they vacated the law which permitted them to trade on knowledge gained by virtue of their positions, it’s not illegal.
However, elections CAN pass judgement on these people’s moral compasses
He would be the third.
Other threads list Inhofe and Burr as dumping stocks after that private briefing.
Proves she only wanted the Senate seat to improve own financial position.
There ae lots of them and they are going to be exposed too.
Most of the multi-termers do it. It’s one of their perks.
They all are scum, and no better than Osama Bin Laden. OBL sold stock just before the 9-11 attacks, profiting enormously.
Burr is a deep state coup plotter / plank-holder. He should be impaled with a javelin while lying down, starting from his anus and running up into his thorax, then raised up to permit the javelin to exit his body somewhere around his collar bone.
Are there Democrats that did this too? Then... prove it!
Scumbag traitor Burr, had to sign a financial disclosure document, and that’s why we know about him. If the Democrats did this, then there are, by law, the same kind of financial disclosure forms, to inform us, of their behavior.
Senators, who all get inside info from time to time as part of their jobs, should be forbidden to deal in the market while they’re in office. That would be a law I would support.
Senator Kelly Loeffler dumped millions worth of stocks following a private briefing on the Coronavirus.
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This APPOINTED Senator is up for election this year. This will (rightfully) be used against her in the November special jungle primary election as well as the runoff election if she advances in the primary. I sure hope she loses in the primary election and doesn’t advance to lose a runoff against a ‘RAT candidate.
Collins should be the Rep Senate nominee after this.
I wish I had done it.
The bill was introduced by Joe Lieberman, independent United States Senator for Connecticut, on January 26, 2012, and passed in the Senate by a 96–3 vote.[2] Later the House of Representatives passed it by a 417–2 vote.[3] The bill was supported heavily by vulnerable incumbents and signed into law by President Obama.[4] According to the current United States Senate Select Committee on Ethics, "A member, officer, or employee of the Senate shall not receive any compensation, nor shall he permit any compensation to accrue to his beneficial interest from any source, the receipt or accrual of which would occur by virtue of influence improperly exerted from his position as a member, officer, or employee."
he STOCK Act is an original bill to prohibit members of Congress and employees of Congress from using private information derived from their official positions for personal benefit, and for other purposes. With this bill in place, members of Congress are no longer allowed to use information garnered through official business for personal reasons. The Stop Trading on Congressional Knowledge (STOCK) Act prohibits members and employees of Congress from using "any nonpublic information derived from the individual's position ... or gained from performance of the individual's duties, for personal benefit". The bill also applies to all employees in the Executive and Judicial branches of the federal government.
The STOCK Act requires a one-year study of the growing political intelligence industry, and requires every Member of Congress to publicly file and disclose any financial transaction of stocks, bond, commodities futures, and other securities within 45 days on their websites, rather than once a year as they do now. The Act also requires members of Congress and Executive branch officials to disclose the terms of mortgages on their homes, prohibits them from receiving special access to initial public stock offerings, and denies federal pensions to members of Congress who are convicted of felonies involving public corruption. The bill is divided into nineteen sections.
I have no use for Loeffler but I don’t think thats illegal. Sleazy but not illegal.
Both of these yobs ought to lose
Fortunately Collins is running against that nit wit Loeffler
All they have to do is peel off 3-5 Pubbie senators
To be realistic, it would be EXTREMELY difficult to keep yourself from dumping your holdings if you became aware of an imminent drop in the market.
It would be against human nature to refrain from doing so.
Human beings are flawed, I understand and accept that.
I am reminded of the persecution of Martha Stewart who reacted normally when she learned of a similar situation and sold holdings.
I can dislike politicians for many reasons, but this ain’t one of them. I can see how I might be moved to do the same thing myself...and I am not a hypocrite so I won’t condemn them.
Yeah, there are. feinstein is one but..........In all honesty, who among us would leave millions in jeopardy if we had knowledge of what was coming? AND, I know they told us one thing and then did another, but to try to stop a panic, they had to tell us what they did.
I’m mixed on this one. On one hand I want to put feinstein in jail for it, but the Republicans, I do not.
I HATE dim-0s, and will admit it.
Maybe it should be against a law for senators to be invested? Because for them, insider trading would be about the only way they could trade?
I mean, their job makes them privvy to changes coming, EVERYDAY!
PLUS, if these restrictions were put on them, MAYBE it would cut down on the career politicians.