Politics Four senators dumped millions in stocks while Capitol Hill was being briefed on the coronavirus

[SlyPokerDog]

Revealed: Four senators dumped millions in stocks while Capitol Hill was being briefed on the coronavirus threat but BEFORE markets started tanking

• Richard Burr, head of the Senate Intelligence Committee which was directly briefed on coronavirus, sold up to $1.7m in stock between January and February
• Dianne Feinstein, on the same committee, sold up to $6m in stock in same period
• Kelly Loeffler, on the Senate Health Committee, sold up to $3.1m in stock starting on the day her committee was briefed by the CDC
• James Inhofe sold up to $400k in stocks including real estate all on January 27
• Loeffler and Feinstein say their stocks are held in trusts and portfolios that they have no control over, while Burr and Inhofe have not commented

https://www.dailymail.co.uk/news/ar...ed-constituents-Capitol-Hill-social-club.html

 

[SlyPokerDog]

 

[SlyPokerDog]

According to The Daily Beast, Sen Kelly Loeffler and her husband, Jeffrey Sprecher, the chairman of the New York Stock Exchange, sold $3.1million in stock between late January and early February.

 

[Orion Bailey]

insider trading fraud. Imprison them. Their dumping likely sparked a much larger drop than what might have happened. Did they spark the paranoia?

 

[jonnyboy]

Plot twist:

Not just Republicans.

 

[ehizzy3]

Plot twist:

Not just Republicans.

source

 

[SlyPokerDog]

source

First post in this thread.

 

[SlyPokerDog]

This will get worse and it will be POS from both parties.

The question is are we going to let this go?

 

[yankeesince59]

• Loeffler and Feinstein say their stocks are held in trusts and portfolios that they have no control over, while Burr and Inhofe have not commented

https://www.dailymail.co.uk/news/ar...ed-constituents-Capitol-Hill-social-club.html

That is total BS...who, in their right mind would give someone else COMPLETE discretion over their finances ?....nobody.

 

[Lanny]

That is total BS...who, in their right mind would give someone else COMPLETE discretion over their finances ?....nobody.

All Presidents except Trump.

 

[Sedatedfork]

I saw this episode of Billions. It was fantastic.

 

[SlyPokerDog]

I saw this episode of Billions. It was fantastic.

HAHAHAHAHAHAHAHA!

 

[SlyPokerDog]

I dumped $1.6 million in stocks before coronavirus crisis because I saw what was happening in China on TV and NOT because of secret intel briefings claims Republican senator - as at least three others face questions over sales

• Senate Intelligence Chairman Richard Burr said Friday that he relied on 'public news reports' when deciding to offload stock holdings
• In a statement he said he had reached out to the chairman of the Senate Ethics Committee 'and asked him to open a complete review'
• Burr is under fire for offloading between $582,029 and $1.56million of his stock holdings in mid-February

https://www.dailymail.co.uk/news/ar...hair-says-news-reports-guided-stock-dump.html

 

[SlyPokerDog]

I dumped $1.6 million in stocks before coronavirus crisis because I saw what was happening in China on TV and NOT because of secret intel briefings claims Republican senator - as at least three others face questions over sales

• Senate Intelligence Chairman Richard Burr said Friday that he relied on 'public news reports' when deciding to offload stock holdings
• In a statement he said he had reached out to the chairman of the Senate Ethics Committee 'and asked him to open a complete review'
• Burr is under fire for offloading between $582,029 and $1.56million of his stock holdings in mid-February

https://www.dailymail.co.uk/news/ar...hair-says-news-reports-guided-stock-dump.html

 

[TorturedBlazerFan]

That is total BS...who, in their right mind would give someone else COMPLETE discretion over their finances ?....nobody.

Honestly... Me... My wife and our financial advisors handle all of our money and assets. I just know what she tells me I can spend. I almost never look at that stuff. Obviously we're in a much different situation than they are though.

 

[barfo]

Plot twist:

Not just Republicans.

But mostly Republicans.

barfo

 

[yankeesince59]

Honestly... Me... My wife and our financial advisors handle all of our money and assets. I just know what she tells me I can spend. I almost never look at that stuff. Obviously we're in a much different situation than they are though.

Yes, a completely different situation...Loeffler and her husband have a net worth of nearly $600 Mil.

 

[TorturedBlazerFan]

Yes, a completely different situation...Loeffler and her husband have a net worth of nearly $600 Mil.

I've got a net worth of whatever my wife has left me lol.

 

[stampedehero]

Every dog has his day!

 

[yankeesince59]

I've got a net worth of whatever my wife has left me lol.

Ha !...believe me, I feel your pain.

 

[TorturedBlazerFan]

Ha !...believe me, I feel your pain.

Its really not that bad. My wife is amazing.

 

[yankeesince59]

Its really not that bad. My wife is amazing.

Mine too...she's the most decent person I've ever known.

 

[SlyPokerDog]

 

[crandc]

Indications Feinstein and Inhofe did have blind trust and also were not part of the briefing, unlike other two. Also, while insider dealing, both wrote op- Ed's about nothing to worry about, Trump has it all under control.

 

[hoopsjock]

Indications Feinstein and Inhofe did have blind trust and also were not part of the briefing, unlike other two. Also, while insider dealing, both wrote op- Ed's about nothing to worry about, Trump has it all under control.

The reports are that the people in the briefing told their "rich friends" to sell. It's very likely they were told even if they weren't in the meeting.

I agree. I still think they should get the death penalty for treason. That isn't a joke.

 

[julius]

This will get worse and it will be POS from both parties.

The question is are we going to let this go?

Of course we are going to let it go. Have you not paid attention to the last 20 years?

 

[Lanny]

Honestly... Me... My wife and our financial advisors handle all of our money and assets. I just know what she tells me I can spend. I almost never look at that stuff. Obviously we're in a much different situation than they are though.

Yeah, my wife and I and our financial advisor handle all of our investments together. My wife told me today to dump all the rest of our stocks. I had to go against the advice of my financial advisor, Michael, at Merrill Lynch, Pierce, Fenner & Smith Incorporated and dump the rest of my stock portfolio. I've never gone against Michail's advice before. It hurt.

 

[Lanny]

I dumped $1.6 million in stocks before coronavirus crisis because I saw what was happening in China on TV and NOT because of secret intel briefings claims Republican senator - as at least three others face questions over sales

• Senate Intelligence Chairman Richard Burr said Friday that he relied on 'public news reports' when deciding to offload stock holdings
• In a statement he said he had reached out to the chairman of the Senate Ethics Committee 'and asked him to open a complete review'
• Burr is under fire for offloading between $582,029 and $1.56million of his stock holdings in mid-February

https://www.dailymail.co.uk/news/ar...hair-says-news-reports-guided-stock-dump.html

This chocolate all over my face does not mean I was eating candy.

 

[Shaboid]

Yeah, my wife and I and our financial advisor handle all of our investments together. My wife told me today to dump all the rest of our stocks. I had to go against the advice of my financial advisor, Michael, at Merrill Lynch, Pierce, Fenner & Smith Incorporated and dump the rest of my stock portfolio. I've never gone against Michail's advice before. It hurt.

I hope this Michael you speak of is a Fiduciary and not just a "financial advisor".

 

[CupWizier]

The reports are that the people in the briefing told their "rich friends" to sell. It's very likely they were told even if they weren't in the meeting.


I agree. I still think they should get the death penalty for treason. That isn't a joke.

treason? Death penalty? I think it sucks and is totally unethical but how is it treason and why should anyone deserve the death penalty for it. Majority of murderers don't get the death penalty.