Posted on 03/20/2020 8:15:03 PM PDT by SpaceBar
Revealed: Four senators dumped millions in stocks while Capitol Hill was being briefed on the coronavirus threat but BEFORE markets started tanking
Richard Burr, head of the Senate Intelligence Committee which was directly briefed on coronavirus, sold up to $1.7m in stock between January and February.
Dianne Feinstein, on the same committee, sold up to $6m in stock in same period.
Kelly Loeffler, on the Senate Health Committee, sold up to $3.1m in stock starting on the day her committee was briefed by the CDC.
James Inhofe sold up to $400k in stocks including real estate all on January 27.
Four senators dumped millions of dollars worth of stock while Capitol Hill was being briefed on the threat of coronavirus but before the markets tanked as infections soared, disclosure records have revealed.
Republicans Richard Burr, Kelly Loeffler and James Inhofe and Democrat Dianne Feinstein collectively offloaded up to $11 million in stock between late January and early February, according to records seen by The Daily Beast, New York Times and ProPublica.
Burr, chair of the Senate Intelligence Committee that was directly briefed on coronavirus, sold up to $1.7million in stock including in hotels, according to reporting from ProPublica.
Feinstein, a member of the same committee, sold up to $6million in stock including in a biotech firm...
(Excerpt) Read more at dailymail.co.uk ...
In January, congressman Chris Collins (R-NY) was was forced from office and sentenced to 26 months in prison for insider trading. They should get the same.
They all need orange jumpsuits.
America needs a purge. The silver lining to such horror and turmoils is that the scum always rises to the top. A stock and the dollar is worth more than the American according to the Swamp guv.
lamp posts
It is nothing more than a political theater move for the DUmocrats to get back the Senate. This is like the 500th post of this same BS and the media really hoping that it will stick as they know that republicans will cave and boot our own but never hold a democrat to the same standard.
Yep, Mr. Collins got 5 years...Martha Stewart got time...these 4 illegally profiting during a national crisis should get 10 years.
Despite that though, I stated I would crawl over broken glass to vote for Trump, but that there was no way I could ever vote for her. I stated I couldn't any situation in which I could vote for a democrat, if she were on the ballot, I wouldn't vote for her.
Maybe they cannot be prosecuted, but he should be censured and forced to resign, regardless of their party.
Martha Stewart went to prison for much less. This is criminal. These Senators should be arrested.
Didn’t Martha Stewart go to prison for less than this?
To be fair. There was probably enough information available to the public by January 27th in order to draw a conclusion that things were probably not going to go well. You can bet that there were many intelligent people not connected to government who also got out.
[Despite that though, I stated I would crawl over broken glass to vote for Trump, but that there was no way I could ever vote for her. I stated I couldn’t any situation in which I could vote for a democrat, if she were on the ballot, I wouldn’t vote for her. ]
It’s not like the entire world thought this was a virus that was harmful primarily to ethnic Chinese. Heck - a substantial number of Freepers still suspects that they’re not releasing racial/ethnic stats because the truth is that most of the dead are Chinese, i.e. the hue and cry with quarantines are asylum grade hysteria.
wow! So much vitriol. Before the market tanked I moved my equities into cash as a precaution, not wanting to take the hit, as I knew early on what was coming, based up a gut feeling substantiated by a friend in Financial Planning.
Am I guilty of Insider Trading?
Thank you! See my #14.
Fairness to evil is not virtuous nor a righteous ambition.
I grew up inside the D.C. loop before it was built. Insider Trading has been a perk on Capitol Hill for generations going back to the generation that followed the Founders. The staff gets in on it too.
From what I have learned - and admittedly, that is not much - the Republicans have held blind trusts - that is, they have fund managers who make their investment decisions and they are informed after the fact.
However, Diane Feinstein’s husband manages her money personally.
Could they have just rounded up a few innocent Republicans to throw into the mix with Feinstein who is in fact, guilty of insider trading? People are relatively oblivious as to how this works, and the diabolical Democrats could have knowingly thrown a few innocent Republicans into the mix with their very guilty Feinstein in an effort to remove a few completely innocent Republicans along with their very guilty Democrat.
Oops, wrong thread!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.