Posted on 04/01/2020 9:41:41 AM PDT by C19fan
Georgia Republican Sen. Kelly Loeffler traded millions in stocks in the days after a closed Senate briefing on the coronavirus – and dumped holdings in retail stores that have been battered by the pandemic. The wealthy Loeffler, who was appointed to her seat and is married to the president of the New York Stock Exchange, sold $18.7 million in International Stock Exchange, according to information her office shared with the Atlanta Journal Constitution. That is the company that owns the New York Stock Exchange. The trades came Feb. 26 and March 11, as the virus spread but the broader public was still learning about the extent of the danger to both people and the world economy.
(Excerpt) Read more at dailymail.co.uk ...
“That’s insider trading.”
Not when it’s in a blind trust, see post 7 and 15.
do that and dems will control the senate too-to be fair she didn’t do the trading , its in a blind trust
The suggestion about blind trusts for Congress is valid, but Loeffler has maintained that all her stock, and all of her husbands, are in blind trusts. She had a few earlier trades in late January, but by Feb. 26 and March 11 there had been a lot of info that had come out about the virus. I dpn’t think there is any requirement that somebody waits until the market has completely tanked before selling.
so all these members of congress enriching them selves on insider trading is coincidence. Like Feinstein’s husband getting insider info and win g governmental contracts and peolosi’s husband buying land in the high speed right of way. All coincidence.
Exactly. With all the panic people are ready to tar & feather without any actual evidence.
“Sprecher also purchased more than $200,000 of stock in in chemical company DuPont de Nemours, which makes protective gear for medical professionals, although the company has been hit overall in the downturn”
The stock is down 40% since she bought it after obtaining “inside information” at the meeting. That alone should disqualify her for a senate seat. She can’t even capitalize on inside info no matter how hard the “power couple” tries. Must be tough to have to go to jail after losing a fortune trading “inside information”.
We the people own this country.
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That was the original idea.
That hasn’t been true for a very long time.
She is not from Georgia, just another carpetbagger that needs to go back to wherever in the hell she came from.
I see a lynch mob looking for victims.
The buck stops at her desk !!
No that’s not what I said at all. Don’t stuff a straw man and call it me.
Read post 25.
She’s toast.
Uh, I have mutual funds with good managers. None of them sold millions in small business to buy millions in medical suppliers.
She seems to deserve it.
At least 15 decades. See Crédit Mobilier scandal.
Should we just skip the Election and hand the Senate to the Rats? Do these people even care about our Country?
POTUS Trump sacrificed Billions of Dollars he spent a Lifetime Earning by winning the Presidency because he put Country over Self.
His Family has been attacked day in and day out, with the Democrats including a Poison Pill in Legislation to battle the Pandemic with a targeted attack on POTUS Trump’s Family Business to damage him and them.
Meanwhile, this Republican Senator thinks that nobody might question her Business Dealings during this crisis?
The way blind trusts operate is really no different than retirement plans and mutual funds. I have both, and have no control over individual stock trades.
True but...it’s a bad visual that the left will play up to get Osoff elected. She needs to step away or if we end up having a primary Collins needs to win
This is not fair!
If we go after people appointed to office for their huge campaign donations they will stop giving huge campaign donations.
Exactly, it is not a good look for innocent until proven guilty.
I wish I had exited the market. There were certainly signs and many people did exit. I will have to hope that the old rule that the market always recovers holds true.
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