WASHINGTON — Four U.S. senators reportedly sold off millions of dollars in stock combined prior to the market crash from the coronavirus pandemic, according to multiple independent reports. They are Sens. Richard Burr, R-NC, Dianne Feinstein, D-Calif., Kelly Loeffler, R-Ga., and James Inhofe, R-Okla.
Burr, the chair of the Senate Intelligence Committee, dumped more than $1 million of stock after reassuring the public about officials' response to what's now the coronavirus pandemic.
The selloff by the Republican senator from North Carolina came around the time he and the committee were getting daily briefs on the threat of the new virus, news outlets reported.
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39 comments:
Arrest them for Insider Trading!
And use their profits to fund the aid being provided.
This entire scenario was planned well in advance by the libs/dumbocrats and it hit us totally blindsided!
Smart move. Everyone with stock has a decision to make when there is global news. We all knew what was coming and what the impact would be. I’m sure they had brokers giving them advice. I would thank those advisors.
Inside job, like Martha Stewart, and she went to jail, so should theses people...
No Kidding!
Question is....will they have to go through what Martha Stewart went through?
Don't think they can be arrested 7:26 AM but I have always felt they had information that could be deemed insider trading. The decisions they make for the rest of us are influenced by how they are affected financially. They claim there financial interests are in blind trusts; however the briefings they are privy to sure give them plenty of heads up.
It ain't right, but it ain't illegal.
How is it not illegal?
No, they abused they powers of their office with privileged information and acted upon it prior to others getting the same quality of information. That is essentially what Martha went down for. Additionally, who's to say that their dumping of stocks didn't cause the market panic.
Isn't this what Martha Stewart got in trouble for?
Blind trust or not, if I sold a millions dollars worth of anything, I would know about it. How did they ever accumulate that much wealth?
I bet all of them did. If so they should be removed from office!! We know they use insider info to benefit them selves!!!
Naive much?
That comment was embarrassing.
Thank Joe for the Anonymous option.
So WHO do you believe released the weapon now?
Geez
Time to wake up!
8:07. Bull. They had the intelligence briefings to make their decision. Insider knowledge. Abuse of power.
8:43
Congress has made themselves exempt from the insider trading laws.
It's not insider trading you Idiot's ...It's predictable I sold mine as well now I'm buying back.
At last ,...bipartisanship.
People , this is what bipartisanship looks like
Far too early to buy!
You might want to reconsider
8:39 and 10:02 it is in fact illegal for members of Congress to trade based on information gathered in their official duties.
It's how they turn their 140 K salary into millionaire status during their first term in office...all of them. Congress is corrupt. Term limits can solve this.
You’re right but some have bottomed out
There’s no evidence that anybody had inside information, having common sense understanding that this pandemic would cripple the economy is just good sense
Martha Fienstein isn't gulty of anything. Her investments are in a blind trust managed by her husband and I'm sure the 2 of them never discuss it because it might break the law. The only reason they have the money that they do is because how lucky they are buying lottery tickets.
Martha Stewart was victimized. These senators on the Intelligence Committee or whatever Committee with advanced knowledge of the Coronvirous affect on the market should go to jail.
Why would you think it is the bottom?
Is it zero?
No
All fiat currencies eventually reach their REAL value, which is zero.
wow just wow. there really is no limit to just how corrupt Congress and Senate are. really shameful. my confidence level in the federal government is now lower than the fed rate
Why did Martha Stuart get in trouble and these crooks will walk while we suffer
There is overwhelming evidence seeing as they were in a meeting RE the virus before they dumped the stock. Keep drinking the rich mans kool aid.
They are Guilty as Hell but Never Punished for Anything !!!!
Martha Stewart should SUE the Federal Govt !!!!!
Most people have automatic parameters preset to sell off if the prices drops to a predetermined level idiot
Their part of the swamp and will be protected by the swamp.
What did Pelosi & Schumer & Schiff & Nadler Do ?? That's
what I want to know !!! Those Dirty Bastards !!!!
Trump will Finish cleaning OUT the Swamp Next Term 2020 !!
Watch the dirty Democrats Profit from this whole thing !!!
You can bet they are SCREEMING overtime !!!!
Although Martha Stewart did the same thing, her crime was lying under oath about it.
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