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Senator Sold Hundreds of Thousands of Dollars in Stocks After Suggesting U.S. Was Prepared for Coronavirus
The New York Times ^ | March 19, 2020 Updated 8:48 p.m. ET | Eric Lipton and Nicholas Fandos

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 ...


TOPICS: News/Current Events
KEYWORDS: insidertrading; search
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To: Whenifhow; null and void; aragorn; EnigmaticAnomaly; kalee; Kale; AZ .44 MAG; Baynative; bgill; ...

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41 posted on 03/19/2020 6:51:24 PM PDT by bitt (forget the electric chair..we're gonna need electric bleachers!)
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To: E. Pluribus Unum

Yet schummer is still in the senate after THREATENING SCJ!!! Wow..NYSLIMES why should I believe you you scumbag full of lies rat dropping failing fish wrap?!! Screw the NYSLIMES!


42 posted on 03/19/2020 6:58:15 PM PDT by RoseofTexas
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To: NImerc
Should be charges with insider trading

I don't think it's the government's business what we do with our money.

If someone "inside" trades a stock, that's honest information being transmitted to the world. I don't see why we should prevent them from showing their hand. If we want information about the market, all we need to do is watch their hands.

43 posted on 03/19/2020 7:00:53 PM PDT by SamuraiScot (am)
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To: JonPreston

I’m fine with him swinging from a rope. He seemed to know this was much more serious than he let on when he sold all that stock. Hope the Senate will bother to expel him, but they probably won’t.


44 posted on 03/19/2020 7:10:56 PM PDT by Tolerance Sucks Rocks (Wu Flu! (when I feel heavy metal) Wu Flu! (when I'm pins and I'm needles) Wu Flu!)
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To: E. Pluribus Unum

Well that makes one “Republican” senator who adequately prepared for the Panic Pandemic


45 posted on 03/19/2020 7:27:20 PM PDT by Oscar in Batangas (January 20, 2017, High Noon. The end of an error.)
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To: Oscar in Batangas

Well that makes one “Republican” senator who adequately prepared for the Panic Pandemic

Yeah...sure....with insider trading.

No sale.


46 posted on 03/19/2020 7:28:27 PM PDT by Jane Long (Praise God, from whom ALL blessings flow.cuase)
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To: Jane Long

I started my short sales (betting the market would fall) in earnest in mid January. I had no secret intelligence briefings. I just read FR.


47 posted on 03/19/2020 7:29:51 PM PDT by Vermont Lt
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To: Vermont Lt

Amen and ditto.

Then, again...you aren’t a US Senator.


48 posted on 03/19/2020 7:38:52 PM PDT by Jane Long (Praise God, from whom ALL blessings flow.cuase)
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To: Jane Long

Having said what I said about blurr...i don’t like him...he trashed TRMUP 24/7 and never does his chairman job at ‘intelligence committee - he is a lackey to warren - all the sen and reps do what he did stock wise and for them to have in the books that IT IS LEGAL to transact that way in full full view of public ic is disguising and irresponsible! TWO TIERED JUSTICE SYSTEM


49 posted on 03/19/2020 7:55:43 PM PDT by ldish (Have had enough...you??????)
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To: E. Pluribus Unum

Is there clear evidence that this amounts to insider trading?


50 posted on 03/19/2020 8:21:00 PM PDT by TChad (The MSM, having nuked its own credibility, is now bombing the rubble.)
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To: JonPreston

Not what this is about— this is Demo Deep State and obamaumao holdovers at FBI counterintel trying to pressure Burr...through their mouthpiece the NYTs (remember for see eeeye ehhhh it’s the WaPo, owned by them through Bezos).

Problem for them is, DOJ is no doubt offering for him to spill the beans on the “star” of Senate Intel who was weaseling Burr around (Burr ain’t too bright)... namely Sen.Warner (tag teaming with Schiff, his counterpart at House Intel) on the “coup” and the Dossier. We have to go back and read about that.

So, I’d say from his snivelling cur posture, Burr will spill and roll over and keep his seat no re-elect in 2022. And also step down as Chair of Senate Intel given repubs keep the Senate. More pro trump people, and certainly not Romney. Not on Intel.


51 posted on 03/19/2020 9:58:23 PM PDT by John S Mosby (Sic Semper Tyrannis)
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To: DEPcom
I actually believe the governments (around the world) know something that they are not (fully) telling people. Hence the massive reaction.

Might it be related to projections based on this video that compares COVID19 with OTHER pandemics. The beauty of the video is that rather than comparing numbers blindly (eg comparing total deaths from, say, Swine flu, which ended, versus COVID19, which is still ongoing and thus the numbers are still relatively low), the video instead starts ALL of the pandemics on the same date (rebases them) and then sees how they progress.

COVID19 really does appear to be a wild fire when you look at it from that angle, which may be why many governments around the world are committing political and economic suicide. Anyway, please see the video below:

https://youtu.be/n4no04822NQ

52 posted on 03/19/2020 9:58:45 PM PDT by spetznaz (Nuclear-tipped Ballistic Missiles: The Ultimate Phallic Symbol)
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To: AnthonySoprano

Bingo.... but that is only...so far to this point. Not going to last.

Notice the guy with all the juice on the Bidens— Johnson is included in the “sell off “ expose that isn’t an expose. He is a loyal Trump man, but more precisely wants this Ukraine crap exposed,which will also expose a hell of a lot more than just Schiff and the Bidens, but also the Vindmann brothers,the whistleblower, and also Klobuchar and McCain’s downline.To what extent Graham-— well,we’ll see.


53 posted on 03/19/2020 10:07:46 PM PDT by John S Mosby (Sic Semper Tyrannis)
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To: spetznaz

That’s a great video, thanks for posting the link!


54 posted on 03/19/2020 10:13:12 PM PDT by Black Agnes
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To: E. Pluribus Unum

From Federalist 57:

THE THIRD charge against the House of Representatives is, that it will be taken from that class of citizens which will have least sympathy with the mass of the people, and be most likely to aim at an ambitious sacrifice of the many to the aggrandizement of the few. . . .

. . . .

I will add, as a fifth circumstance in the situation of the House of Representatives, restraining them from oppressive measures, that they can make no law which will not have its full operation on themselves and their friends, as well as on the great mass of the society. This has always been deemed one of the strongest bonds by which human policy can connect the rulers and the people together. It creates between them that communion of interests and sympathy of sentiments, of which few governments have furnished examples; but without which every government degenerates into tyranny. If it be asked, what is to restrain the House of Representatives from making legal discriminations in favor of themselves and a particular class of the society? I answer: the genius of the whole system; the nature of just and constitutional laws; and above all, the vigilant and manly spirit which actuates the people of America, a spirit which nourishes freedom, and in return is nourished by it.

If this spirit shall ever be so far debased as to tolerate a law not obligatory on the legislature, as well as on the people, the people will be prepared to tolerate any thing but liberty. . . .


55 posted on 03/19/2020 10:55:18 PM PDT by Joachim
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To: Black Agnes

You’re most welcome, and the video makes it very clear in black and white why this is a problem that needs to be urgently stopped.


56 posted on 03/19/2020 11:56:38 PM PDT by spetznaz (Nuclear-tipped Ballistic Missiles: The Ultimate Phallic Symbol)
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To: E. Pluribus Unum

Feinstein, too!!!!!


57 posted on 03/20/2020 5:42:22 AM PDT by CincyRichieRich (It's the Wuhon Corona virus, not the U.S. coroner virus. Dem panic <> pandemic.)
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