Posted on 03/20/2020 5:38:50 AM PDT by KeyLargo
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.
(Excerpt) Read more at foxnews.com ...
well it’s being reported by every major outlet but REPUBLICAN is in 400 point font while the rest is in 10 point.
Any D is in 2 point.
Then seize their congressional paychecks, and donate them to combating this virus, like good comrades, for the good of the State!
Blind trust. Riiiiggggghhhhttttttt.
This is going to fizzle. The Congress stock/fund sales did not precipitate movement of the market. Others were selling and buying at the same time. The world knew about the epidemic, and had heard projections of spread well past the time the market actually dived, one month later. This is the MSM trying to regain lost ground and attack the Republicans in Congress. They are calling out the amounts to incite envy and jealousy.
19-Mar-20 19,830.01
16-Mar-20 20,917.53
9-Mar-20 24,992.36
2-Mar-20 25,590.51
24-Feb-20 28,402.93
17-Feb-20 29,282.78
10-Feb-20 28,995.66
3-Feb-20 28,319.65
27-Jan-20 28,542.49
20-Jan-20 29,269.05
13-Jan-20 28,869.01
Sorry, but their money is in blind trusts. Lots of folks traded/sold stocks leading in to the “Great Dump”. Now then, if they communicated with their blind trust about what they just heard, that IS a crime.
Now then, if they communicated with their blind trust about what they just heard, that IS a crime.
*****************
Not for the political elites it isn’t. There are no laws that apply to them.
Burr, chairman of the Senate Intelligence Committee, used more than 30 transactions to dump between $628,000 and $1.72 million on Feb. 13, according to ProPublica.
Optics not good. OTOH while this was happening, the Democrats were tying up the Senate with their impeachment hoax, and the journalism cartel was promoting that when the China virus was the real story.Tucker Carlson recently showed a clip of himself promoting the virus story back then, so no journalist can plead ignorance of what the whole Fox News audience had been exposed to.
These four profiteers of doom and misery should resign.
Burr and Inhofe must do so Immediately.
Feinstein and Loeffler have slim, bs excuses, but whatever,
I’ll give them a brief hearing.
But Burr and Inhofe, if they are not gone by this evening, they are really risking their safety.
Selling your biotech therapeutic stock going into a pandemic?
DiFi is an idiot.
Think about what kind of people would be drawn like a magnet to the magnitude of power concentrated in a place like Washington. These are the people who run the federal government.
Politicians taking privy info and cashing in to have mad money when they fill their seats on the get-out-while-the gettins-good helicopters. Not surprising.
“ She has no knowledge of her husband’s financial decisions”
Didn’t the first “ GOP Tea Party (year?)” Congress ban this activity and when they lost the House (year?) remove the ban?
There was a vote in the Senate to ban such insider trading a few years ago, I believe. It got voted down
The STOCK Act is a law that was passed in 2012 that says members of Congress and other government employees, including congressional staffers and members of the executive branch and judiciary, are not allowed to engage in insider trading based off information they learn through their jobs. If there are any legal consequences for the current controversy, this law would be at the center of it
I’m certain this is just a coincidence.
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