Posted on 03/19/2020 7:30:33 PM PDT by rintintin
There has been outrage across the political spectrum over a shocking report that Senate Intelligence chair Richard Burr (R-NC) dumped as much as $1.7 million in stock just before the market tanked, despite publicly maintaining that the government was on top of the coronavirus. Thursday night on Fox News, Tucker Carlson completely tore into the senator from the Tar Heel state.
In a scathing end-of-show commentary, Carlson called on the senator to either justify his actions, or step down and be indicted.
“Maybe there is an honest explanation for what he did,” Carlson said. “If there is, he should share it with the rest of us immediately. Otherwise, he must resign from the senate and face prosecution for insider trading.”
(Excerpt) Read more at google.com ...
I can say this is true for certain. McAuliffe traded insider info to donors through house and senate members back during the clinton years.
The first thing I said was “uhhhh is this legal?” and everyone at the table said “yes”.
Like the payoffs for sexual misconduct, this is one of the biggest open secrets in DC.
How do “community organizers” and morons like Maxine Waters get rich after they win a house seat?
I know certain folks hate when you compare this to the flu, but both
wind up with fatalities. And the fatalities for flu are very high, and
the population base contracting the flu is also high.
We'll see how this shakes out. In the end, I think the death toll
and infected people will be very like the flu season stats.
The death rate is higher for this, but that doesn't mean that in the
end there will be more fatalities from this.
There may be, and there may not be. We'll just have to wait and see.
Like you, I also find it interesting how these things are played up
to make it look like everyone is gonna die. Italy does seems to
have a very tough go of it right now.
I'm very sorry to see that.
And her husband, too.
You're delusional
Yes this should be looked into
But not now.
this is just a distraction
I don’t know what is wrong with Tucker these days.
He is chasing small beans when the big stories are about how Trump and Buchanan warned this would happen if we relied on foreign imports.
That the Deep State sold us out.
that our leader have been on the take for years.
those are the big stories. Not this piddling issue.
Can I be prosecuted for selling my stash before the crash?
The implication that some super secret inside information went out that gave them an advantage in the market that astute traders and portfolio managers didn’t suss out days before...
People give our government FAR too much credit.
“Then it’s like some part of my brain shut down and I coud only see 2D...At 51, I think that’s they will it will be until the end.”
I don’t really know why I caught this one, considering my record of being wrong a lot more than right. Maybe it was my several trips to China and seeing what they had built up in 40 years (at the time), starting with literally nothing - and I saw enough of the country to know that they weren’t ‘faking it’, it was real what they had, in material goods and developmental level. But I also know their history of genocide with Mao, but even so, it still did not make sense that they would put themselves through this nightmare...as some kind of stunt. No country, free or otherwise, does that just for kicks. In China’s case, it meant that they would never be looked at again as a ‘reliable trading partner’ - yet they still felt the lockdowns were needed. That said a lot.
I think many others around the world figured it was due to China being a Third World cesspool (not true, not even close in their cities) or that these types of pandemics only really affect Asian people - possibly, given the recent history. But my concern, at the outset was more with our supply lines, as I knew they had their sticky fingers in everything, and the shutdown of their economy pretty much for the entire month of February (and still not close to normal yet) had to hit us hard...so I bailed.
What’s interesting is that I still haven’t seen the economic hit from China yet, independent of the sickness here. It’s only showing up in the medical area...but I still expect it here, we have far too many ‘made in China’ or ‘components made in China’ stuff to simply not be impacted.
Well that’s a lot of variables and information/events your processed to come to your conclusion.
I would not have made the connection.
I am glad you did.
Sounds like you think more pain is coming.
I agree.
Then a boom in US manufacturing for so many things we won’t trust China to make anymore..or will things go back to business as usual?
Trump has a YUGE chance here to make the case to bring a LOT of manufacturing back.
And he can say other countries that can make cheap goods re not an option because it puts us right back into the position of being dependent
There was another Senator, who did the same thing, but it was 3.3 million.
It’s funny how many people have dumped their stocks and other portfolios. By the middle of April, this thing will start to blow over. The media is going to get sick of this Wuhan Virus thingy and are going to want to get back to finding another way of tanking our nation.
It’s funny how many people have dumped their stocks and other portfolios. By the middle of April, this thing will start to blow over. The media is going to get sick of this Wuhan Virus thingy and are going to want to get back to finding another way of tanking our nation.
Why just him? I thought Feinstein did the same thing...
Was insider information used to make the decision to sell? He sold stock in mid-February and those who watch for signs to sell could easily see trouble was coming.
Well, one of us is.
Yours is a voice of sanity on this issue. People need to make the distinction between acting on knowledge that you come across in the course of briefings, etc. and buying or dumping stocks based on a bill you’ve helped to negotiate.
In this instance, Senators gained information based on being briefed on the matter. They were not active participants in creating the situation. What’s a person to do in such a situation? Wait till the market starts heading south, and then, how much of a hit should they be required to take before bailing out?
I get that it leaves a sour taste in some people’s mouths that they reassured the public about the coronavirus threat as they were selling their stocks, but these kinds of things will continue to happen, as Congress members will always be in a position to learn information before the public does, as a routine consequence of their jobs. The only solution I can think of is to require Congress critters to divest all their stock holdings when taking office, which wouldn’t be a bad idea. But if they’re allowed to own stocks, this sort of thing will continue to arise.
Exactly! this is what is needed in race after race.If we ever want to change the House or the Senate we need an army of Freepers dedicated to using the primaries to get the candidates we need.They are out there.
Part of the problem is once we get good candidates and they win when they get in they are immediately piglosied. Tortured until they come around.
McConnell is no better. This system has to be broken.
The way it works is that new house or senators are told that if they don't do what either piglosi or McConnell demands they will get nada,no money, no positions in either house.This has to end.
It seems tucker should be tearing into the law that allows politicians to do this.
He had on author Peter Schweitzer , who said Burr violated the Stock Act.
Is that not accurate?
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