Posted on 03/19/2020 6:03:22 PM PDT by E. Pluribus Unum
WASHINGTON — Senator Richard M. Burr sold hundreds of thousands of dollars’ worth of stock in major companies last month, as President Trump and others in his party were still playing down the threat presented by the coronavirus outbreak and before the stock market’s precipitous plunge.
The stocks were sold in mid-February, days after Mr. Burr, Republican of North Carolina and the chairman of the Intelligence Committee, wrote an opinion piece for Fox News suggesting that the United States was “better prepared than ever before” to confront the virus.
Two weeks after the sales, Mr. Burr spoke at the Capitol Hill Club in Washington to a nonpartisan group called the Tar Heel Club, warning that the virus could soon cause a major disruption in the United States.
The gathering, which drew fewer than 100 people, included representatives from the North Carolina governor’s office, as well as staff members from other congressional offices in the state.
“There’s one thing that I can tell you about this — it is much more aggressive in its transmission than anything we have seen in recent history,” Mr. Burr said, according to a recording obtained by NPR, which reported on his remarks on Thursday. “It’s probably more akin to the 1918 pandemic.”
(Excerpt) Read more at nytimes.com ...
I’d be in prison for insider trading. Why is it people with the last name of Burr wind up being traitors to the country?
Needs to step down immediately, Should be charges with insider trading and locked up. Can’t stand Rinos, but there is something especially slimy about these scumbags in the Senate.
Do you have the source?
She also purchases stock in Citrix. Citrix offers teleworking software
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Richard Burr and Lindsey Graham don’t eat lunch without getting permission from Sen. Mark Warner.
This Triangle has shielded Biden from Investigation.
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The S&P 500 was dropping like a rock in mid February and he bailed like millions of other risk averse investors. The press was full of stories about the epidemic in China and it spooked a lot of people, not just Burr. The President had even ordered a travel ban from China in late January so there was nothing “inside” about his information.
Nobody could have anticipated that the US would order the social separation and travel restrictions that tanked the airlines, hotels, travel, sports, restaurants, and other industries that involved people in close contact or in large groups.
Being a smarter investor is not a crime.
“This is a hit by the Democrats to take out a Republican Senator. He may deserve it, but understand what is going on here. This is a part of the Democrat plan to take over the Senate. As usual, many Freepers are falling for it.”
And the Governor who would appoint a replacement him is a democrat.
The prick had inside information.
“The prick had inside information.”
The information came form a classified briefing. I bet a lot Democrats sold their stocks too.
2016 was his last election. Should cut it 2 years short resign now
A fraud. Nothing more.
Yeah, I knew that. They’re exempt and special. That’s how moronic fools like Pewlosi and MARXine get rich. And get paid off.
Laws are only for the chumps.
Inside information? Who didn’t know this was a growing problem five weeks ago?
Well, late February, but what's a week among friends when it helps your narrative.
“Why can’t he buy or sell stock when he wants.”
Surely you don’t mean that.
He is an insider with knowledge about the virus that not many others have, and he gives Repubs a bad name. I want to see government insider trading crooks spending the rest of their lives in prison, and not ripping us off. Of course we need to see him charged and on trial.
Seems the normal course of business for our elected DC officials
Another article I read on this said that the market tanked 3 WEEKS after Burr sold.
Which is true?
You want to see him in prison except he didn’t commit a crime. He either can own stock or he can’t. He can. Nor is he that kind of “insider”. Nor was his opinion any guarantee the market would go down.
But yeah, hang him.
All of this happened in a relatively short period of time. Some people guessed right, some wrong. We allow that in America.
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