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

Welcome to our community

Be a part of something great, join today!

Register Log in
SlyPokerDog

SlyPokerDog

Woof!
Staff member
Administrator
Joined
Oct 5, 2008
Messages
129,187
Likes
149,732
Points
115
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
 
26193438-8132245-image-a-90_1584677968894.jpg
 
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.
 
insider trading fraud. Imprison them. Their dumping likely sparked a much larger drop than what might have happened. Did they spark the paranoia?
 
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 said:
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
Click to expand...

giphy.gif
 
yankeesince59 said:
That is total BS...who, in their right mind would give someone else COMPLETE discretion over their finances ?....nobody.
Click to expand...
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.
 
TorturedBlazerFan said:
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.
Click to expand...

Yes, a completely different situation...Loeffler and her husband have a net worth of nearly $600 Mil.
 
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.
 
crandc said:
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.
Click to expand...
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.

SlyPokerDog said:
lpfxaukx6un41.jpg
Click to expand...
I agree. I still think they should get the death penalty for treason. That isn't a joke.
 
SlyPokerDog said:
This will get worse and it will be POS from both parties.

The question is are we going to let this go?
Click to expand...

Of course we are going to let it go. Have you not paid attention to the last 20 years?
 
TorturedBlazerFan said:
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.
Click to expand...
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.
 
SlyPokerDog said:
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
Click to expand...
This chocolate all over my face does not mean I was eating candy.
 
Lanny said:
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.
Click to expand...
I hope this Michael you speak of is a Fiduciary and not just a "financial advisor".
 
hoopsjock said:
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.
Click to expand...

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.
 
You must log in or register to reply here.

Similar threads

Denny Crane
Hill Briefed on Waterboarding in 2002
Replies
2
Views
348
AEM
AEM
SlyPokerDog
Politics “THE PRESIDENT THREW US UNDER THE BUS”: EMBEDDING WITH PENTAGON LEADERSHIP IN TRUMP’S LAST WEEK
Replies
3
Views
464
MARIS61
MARIS61

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
Back
Top