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 Senator's stock-dumping promotes widespread outrage

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Temple
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Temple


Posts : 7317
Join date : 2014-07-29

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PostSubject: Senator's stock-dumping promotes widespread outrage   Senator's stock-dumping promotes widespread outrage EmptyThu Mar 19, 2020 5:13 pm

March 19, 2020

Republican Richard Burr’s stock-dumping promotes widespread outrage: ‘Lock him up’

On Thursday, following a damning ProPublica report that Sen. Richard Burr (R-NC) dumped $1.6 million of stock in
coronavirus-affected companies

His biggest sales included companies that are among the
most vulnerable to an economic slowdown.
He dumped up to $150,000 worth of shares of Wyndham Hotels and Resorts, a chain based in the United States that has lost two-thirds of its value.

And he sold up to $100,000 of shares of Extended Stay America, an economy hospitality chain.
Shares of that company are now worth less than half of what they did at the time Burr sold.

Burr was one of just three senators to vote against legislation restricting members’ of Congress ability to trade stocks on government information.

Burr could be heading to prison for insider trading:
“As the head of the intel comm, Burr has access to the gov’t’s most highly classified info about threats to US security. His comm was receiving daily coronavirus briefings around this time.

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Temple
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Temple


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Join date : 2014-07-29

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PostSubject: Re: Senator's stock-dumping promotes widespread outrage   Senator's stock-dumping promotes widespread outrage EmptyThu Mar 19, 2020 9:19 pm

March 19, 2020By Bob Brigham

Republican Jim Inhofe dumped up to $450,000 in stock — the fourth GOP senator implicated in scandal:

The GOP Senate Caucus faced a massive scandal on Thursday after multiple GOP senators revealed in public filings that they had sold large stock holdings after private briefings on the coronavirus scandal.

Sen. Richard Burr (R-NC), Sen. Kelly Loeffler (R-GA) and Sen. Ron Johnson (R-WI) have all be implicated in the scandal.

Now conservative Oklahoma Sen. Jim Inhofe has also been caught up, after reporting he sold in late February.

There have been calls for the implicated lawmakers to resign from office over the scandal.

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louie

louie


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Join date : 2018-12-29

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PostSubject: Re: Senator's stock-dumping promotes widespread outrage   Senator's stock-dumping promotes widespread outrage EmptyFri Mar 20, 2020 1:51 am

I went to the doctor last week for sore eyes. He told me to stop poking my finger in my eyes.
I went home, didn't tell anyone and stopped poking. Viola! Common sense cure.
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The Wise And Powerful
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The Wise And Powerful


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Age : 101
Location : A Mile High

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PostSubject: Re: Senator's stock-dumping promotes widespread outrage   Senator's stock-dumping promotes widespread outrage EmptyFri Mar 20, 2020 5:24 am

Published 3 hours ago, Last Update 1 hour ago
Dianne Feinstein sold off stocks before coronavirus crash
By Dom Calicchio | Fox News


Sen. Dianne Feinstein, Democrat of California 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.”
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