Posted on 03/20/2020 2:50:46 AM PDT by C19fan
Sen. Dianne Feinstein of California and three of her Senate colleagues sold off stocks worth millions of dollars in the days before the coronavirus outbreak crashed the market, according to reports. The data is listed on a U.S. Senate website containing financial disclosures from Senate members. Feinstein, who serves as ranking member of the Senate Judiciary Committee, and her husband sold between $1.5 million and $6 million in stock in California biotech company Allogene Therapeutics, between Jan. 31 and Feb. 18, The New York Times reported. When questioned by the newspaper, a spokesman for the Democrat from San Francisco said Feinstein wasn’t directly involved in the sale. “All of Senator Feinstein’s assets are in a blind trust,” the spokesman, Tom Mentzer, told the Times. “She has no involvement in her husband’s financial decisions.” Reports identified the three other senators as Richard Burr of North Carolina, Kelly Loeffler of Georgia and James Inhofe of Oklahoma, all Republicans.
(Excerpt) Read more at msn.com ...
531 to go...
bttt
Nothing’s gonna happen. I thought Congress had immunity from insider trading?
Profiteering is a good way to get yourself hurt in a meltdown.
Get rich quick on American tax payer dime and invest invest invest
Let’s see if the Stock act of 2012 is enforced or if it is proven to be a farce solely to shut up the people such as when they discovered Nutzy Pelosi was trading on insider info in 2011.
https://en.wikipedia.org/wiki/STOCK_Act
um... hello? who cares? anyone who was panicked after Trump stopped travel with China at the end of January might of sold.
Lets move on.
“Blind Trust”... any more jokes?
“She has no involvement in her husband’s financial decisions.”
Only information and occasional influence I’m sure...nothing incriminating. She’s a ‘rat.
Dianne Feinstein was not mentioned in the NPR story on this.
A number of potentially serious or fatal weaknesses in our system of government have been tolerated for too long.
The huge one is the expansion of debt from 1965-2020 as a substitute for money. Debt splits the two critical properties of money - medium of exchange goes to the debtor, store of value goes to the debt holder.
Through novel sophisticated tools, the value part of the debt is concentrated in fewer and fewer hands while psychological manipulation drives the masses to faster and more frantic exchanges for increasingly worthless “must have” junk.
It is obvious, as this plays out, that to have a country which would resemble our America after it’s over, the debt will have to be liquidated. The questions, as delivered by Lenin himself, remain, “Who? Whom?”
Mailing checks so that more debt can be loaded on the backs of American workers benefits the issuers of debt.
Erasing the debt by executive action benefits the debtors themselves..
Spare me the morality. A weak individual who overcharges “deserves” some pain, of course. But a cabal of usurers who conspire to sell him debt packaged to look like cash, knowing in advance that usury is always a sin and often is a crime, and that it is so because of perfectly predictable human weakness, what do THEY deserve?
Let’s hope that, this time, they get what’s coming.And to the guy who wailed last night, “Oh, noes! We always will need banks and bankers!”
Be of good cheer. Bankers crawled out of the rubble of Berlin and Tokyo in 1945 and were back to their old habits in a few years, I’m not after beheading, hanging, gassing or incinerating them - I just want their boots off the necks of our people so they can stand up again when this is over.
Or on NBC or on Yahoo and various other left wing sites. I noticed that too.
I believe they do. Plus I am quite sure we are the only country having any laws aboutinsider trading.
Nothing will or should happen to these individuals.
What they did could easily be explained as a simple rebalancing of their portfolio after a very strong market run up.
I know I did this very same thing myself.
yep
dnc talking points only called out republicans (who were rightly criticized by conservatives)
Well at least they had no reason to munipate the markets and the marketplace. These senators remain as pure as the wind driven snow. And if you believe those two sentences you understand where the People are.
Term limits! Even good people after living in the swamp eventually become corrupt. We know it. That is exactly why Donald Trump was elected president.
They have immunity from 0bamaButtCrapCare. That I know.
they should donate all of their profits to the USA covid-19 victims imho
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