Utter Treason.
He was blowing smoke up the public’s ass while lining his own nest and telling the truth to his allies.
Call and leave a message for this profiteering traitor:
(202) 224-3154
“””””On his Fox News show last night, host Tucker Carlson lambasted Senator Richard Burr – chairman of the corrupt Senate Intelligence Committee “””””””””
No bias there.
Gee. Would anyone be shocked if you audited the portfolios of all the 435 members of the House, all of the 100 Senators and their wives, to find that many did the same thing?
I could've sold out and the market kept rising, but it didn't happen that way.
I happened to win this one. The next one I may lose ...
Burr? Loeffler and her husband should go to prison.
There goes Tucker again.
I don’t like to repost info I have posted on other threads but the market didn’t really fall until March. Everyone was aware before that this was going to be a bumpy ride with no definite end point.
The timing of the Congressional sales and the fact that it was a more general sale not one stock that the Congress critters had specific information on will make this a problematic action to classify as insider trading.
Kelly Loeffler is claiming her stock portfolio is part of a blind trust and she had no input or knowledge of the sell off. This may be the case with others.
Not happening, no deep doo doo for Burr NOR a host of other Congress/Senate peeps who did likewise. Wanna bet? gg /s
These senators must take stupid pills every so often.
Why did they think they could get away with this?
But, he is not alone on this stock sell off.
Most of the swamp critters use insider information to line their pockets, whether it's stock knowledge, future construction projects, or any other way that information is fungible.
You don't think people spend millions to get a job that pays less than $200K/year?
$200,000 is good money, but most of the swamp dwellers are lawyers, doctors or business people, many of whom, have considerable earning power, way past $200K/year.
Many do it for the 'side knowledge benefits'.
I’m sorry— I’m not seeing anything wrong here. My understanding is he base his information on non-public information.
And his statement about the US being in a good position to weather the outbreak has nothing, in my opinion, to do with his positions on the stock market. Whether or not stocks go down is related to public perception, which is always fickle. The market’s recovery after, on the other hand, is related to the US’s good position.
What the Senator did is prudent, certainly not nefarious.
Actually, I believe Congress critters made themselves exempt from Insider Trading many years ago.
This is how many of them make fortunes from being in office.
Traitor Burr. Hang him.
I’d like him gone but not at risk of losing the Senate.
What’s the latest on Hitlery’s cattle futures? Wake me when any DUmocrat has to face prosecution for their crimes.
I am sure we could find hundreds of investment advisers of who saw the handwriting on the wall in February, and began selling select stocks, without having any government “inside” information.
I’d like to see Romney’s financial disclosures.
“He didn’t even disavow the op/ed he’d written just 10 days before, claiming that America was “better prepared than ever for coronavirus.” He didn’t do any of those things. Instead, what did he do? He dumped his shares in hotel stocks so he wouldn’t lose money, and then he stayed silent.”
I’m no fan of Burr. But there are gaping holes in the above arguments.
For one thing, let’s say he dumped his shares and didn’t stay silent about his fears of an economic downturn. Let’s say he publicly announced that he feared a runoff was dumping his stocks. What could he be accused of then?
That’s right. “Instead of using his bully pulpit to promote calm, he used it to incite a panic.” “Worse yet, he may have done it on purpose, to spark a sell off, driving down the stock market to create a buying opportunity.” Etc..
In other words, the argument that he failed to share his fears of an economic downturn - doesn’t make any sense - because nobody appreciates senators fear mongering in a crisis.
Then there is the fact of the stock sale itself. Burr didn’t need secret senate briefings to guess there might be a big sell-off. The very fact of the market sell-off proves that fear was in the air - not just j secret Senate meetings. So, it isn’t insider trading - he’s allowed to make a smart investment decision (many of us did the same thing).
We need to remember that some of these senators were sitting in judgment of President Trump, looking carefully for any undotted i, for any uncrossed t.