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Post by Merge on Mar 20, 2020 13:14:53 GMT
Agreed, however the dates are telling for all of them... Selling low doesn't mean they lost dollars, IF they bought when it was very low/new offering. Fair.
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Deleted
Posts: 0
Jun 1, 2024 22:28:49 GMT
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Post by Deleted on Mar 20, 2020 13:44:23 GMT
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janeliz
Drama Llama
I'm the Wiz and nobody beats me.
Posts: 5,633
Jun 26, 2014 14:35:07 GMT
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Post by janeliz on Mar 20, 2020 13:49:49 GMT
All of these people are going to claim that these transactions were made through blind trusts and they had no control or knowledge, yada yada yada.
Should public officials and lawmakers own stocks at all? Even with the STOCK Act, how do we trust any of them to put their constituents’ interests above their own often massive portfolios?
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Post by Really Red on Mar 20, 2020 14:00:49 GMT
I, too, am worried that this will be swept under the carpet. There is just too much going on and I think this is what they are counting on. I swear that I love AOC more and more every day. Even with missteps, she is extraordinary. I stand behind her completely. She will not let anyone forget.
They need to go to jail.
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Post by papercrafteradvocate on Mar 20, 2020 15:20:45 GMT
This is just so fucking insanely wrong and I am so pissed. Once again the republicans do everything to enrich themselves. Mother fuckers. I hope each and everyone of them gets prosecuted, jail time, and voted out.
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MizIndependent
Drama Llama
Quit your bullpoop.
Posts: 5,836
Jun 25, 2014 19:43:16 GMT
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Post by MizIndependent on Mar 20, 2020 15:44:02 GMT
worth the bulk of his personal wealth, what does that really tell us about what is coming? I think he's not so dumb as to think it would escape notice forever. And so that means he weighed the cost/benefit analysis given what he thinks is going to happen and did it anyway. To me, this seems more ominous than any other news we've received over the last few weeks. I was managing my anxiety well until tonight. And likely knowing the consequences too...sounds like to me he did it to preserve his family knowing he'd be facing jail time.
Ominous indeed.
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MizIndependent
Drama Llama
Quit your bullpoop.
Posts: 5,836
Jun 25, 2014 19:43:16 GMT
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Post by MizIndependent on Mar 20, 2020 15:46:23 GMT
This is just so fucking insanely wrong and I am so pissed. Once again the republicans do everything to enrich themselves. Mother fuckers. I hope each and everyone of them gets prosecuted, jail time, and voted out.
Once again the republicans politicians do everything to enrich themselves. FIFY.
Feinstein is still a Democrat, right? I don't think this belongs strictly to party lines.
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luckyjune
Pearl Clutcher
Posts: 2,685
Location: In the rainy, rainy WA
Jul 22, 2017 4:59:41 GMT
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Post by luckyjune on Mar 20, 2020 16:17:56 GMT
Well, if Martha had to go to jail...
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stittsygirl
Pearl Clutcher
Posts: 3,580
Location: In the leaves and rain.
Jun 25, 2014 19:57:33 GMT
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Post by stittsygirl on Mar 20, 2020 16:21:47 GMT
Well, if Martha had to go to jail... Exactly. I believe if the current administration stays in power all of this is going to disappear...
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Post by sunshine on Mar 20, 2020 16:23:05 GMT
Then Dianne Feinstein would get lucky, along with the rest of them.
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Post by revirdsuba99 on Mar 20, 2020 17:23:26 GMT
Insider Trading is what put Martha Stewart in prison!!
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Post by revirdsuba99 on Mar 20, 2020 18:02:26 GMT
Burr requests ethics investigation into stock sale, denies wrongdoingBY J. EDWARD MORENO - 03/20/20 10:59 AM EDT Sen. Richard Burr (R-N.C.) is requesting that the Senate Ethics Committee launch an investigation into his stock trading history after reports that he sold off millions in personal stocks the week before the stock market began its steep dive amid fears of the coronavirus outbreak. In a statement posted to his Twitter account Thursday, Burr, who chairs the Senate Intelligence Committee, denied using classified information to reach his decision to offload his stocks before the market plummeted. “I relied solely on public news reports to guide my decision regarding the sale of stocks on February 13,” Burr said in a statement. “Understanding the assumption many could make in hindsight however, I spoke this morning with the chairman of the Senate Ethics Committee and asked him to open a complete review of the matter with full transparency.”**Whole lot more at link: thehill.com/homenews/senate/488621-burr-requests-ethics-investigation-into-stock-sale-denies-wrongdoing
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PLurker
Prolific Pea
Posts: 9,749
Location: Behind the Cheddar Curtain
Jun 28, 2014 3:48:49 GMT
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Post by PLurker on Mar 20, 2020 18:28:49 GMT
How are all these ultra rich stock selling people even "Representative" of Americans that largely live paycheck to paycheck.
I know, I know been long, long time but sure highlights the disparity.
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used2scrap
Drama Llama
Posts: 6,036
Jan 29, 2016 3:02:55 GMT
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Post by used2scrap on Mar 20, 2020 18:40:10 GMT
Burr requests ethics investigation into stock sale, denies wrongdoingBY J. EDWARD MORENO - 03/20/20 10:59 AM EDT Sen. Richard Burr (R-N.C.) is requesting that the Senate Ethics Committee launch an investigation into his stock trading history after reports that he sold off millions in personal stocks the week before the stock market began its steep dive amid fears of the coronavirus outbreak. In a statement posted to his Twitter account Thursday, Burr, who chairs the Senate Intelligence Committee, denied using classified information to reach his decision to offload his stocks before the market plummeted. “I relied solely on public news reports to guide my decision regarding the sale of stocks on February 13,” Burr said in a statement. “Understanding the assumption many could make in hindsight however, I spoke this morning with the chairman of the Senate Ethics Committee and asked him to open a complete review of the matter with full transparency.”**Whole lot more at link: thehill.com/homenews/senate/488621-burr-requests-ethics-investigation-into-stock-sale-denies-wrongdoing He must have an amazingly compartmentalized brain!
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Post by crimsoncat05 on Mar 20, 2020 18:44:22 GMT
A spokesperson for the senator quickly rebutted the notion that anything improper had happened, noting that Burr‘s stock sale came before the market began to show signs of strain.of COURSE it did! if he had waited till the market began to fluctuate, he wouldn't be assured of what his payoff would be! this is not any sort of an explanation of his innocence, at ALL.
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Post by lucyg on Mar 20, 2020 18:55:03 GMT
A spokesperson for the senator quickly rebutted the notion that anything improper had happened, noting that Burr‘s stock sale came before the market began to show signs of strain.of COURSE it did! if he had waited till the market began to fluctuate, he wouldn't be assured of what his payoff would be! this is not any sort of an explanation of his innocence, at ALL. Every time I see that response from his office, I wonder if I’m missing something. Apparently not. Apparently they just think we are soooo dumb, we’ll accept this answer and believe it exonerates him.
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Post by crimsoncat05 on Mar 20, 2020 18:56:44 GMT
EXONERATES!! thank you!! that's the word I was looking for! (and no, it does not exonerate him.)
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Post by papercrafteradvocate on Mar 20, 2020 19:53:59 GMT
This is just so fucking insanely wrong and I am so pissed. Once again the republicans do everything to enrich themselves. Mother fuckers. I hope each and everyone of them gets prosecuted, jail time, and voted out.
Once again the republicans politicians do everything to enrich themselves. FIFY.
Feinstein is still a Democrat, right? I don't think this belongs strictly to party lines.
I'll state first that anyone who may have used this intel/insider information to dump stocks and profit should be in trouble. I was specific on my post because I have read the info on Feinstein. And there is a difference. 1) stocks she owns are held in a blind trust, she has ZERO control over them (as opposed to the republicans, who control and sold their stocks, interestingly enough, their stocks were in hotels and businesses that were deeply affected by the intel) 2) Feinstein did not attend the Jan 24th meeting (the republicans selling, were in the meetings) 3) Feinstein's husband sold stocks, that were related to a cancer therapy and not related to the virus (vs the hotel stock and teleworking stock purchases made by republicans)
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Post by revirdsuba99 on Mar 20, 2020 20:45:58 GMT
A spokesperson for the senator quickly rebutted the notion that anything improper had happened, noting that Burr‘s stock sale came before the market began to show signs of strain.of COURSE it did! if he had waited till the market began to fluctuate, he wouldn't be assured of what his payoff would be! this is not any sort of an explanation of his innocence, at ALL. Sure he did, but he KNEW from the briefings BEFORE. He KNEW what was coming, that is right on the tapes!
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Post by revirdsuba99 on Mar 20, 2020 20:53:49 GMT
Getting better Sen Kelly Loefler(sp) (R-GA)
MSNBC: her husband is Chairman of the NEW YORK STOCK EXCHANGE!!
The term is trading on Material Nonpublic Information
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MizIndependent
Drama Llama
Quit your bullpoop.
Posts: 5,836
Jun 25, 2014 19:43:16 GMT
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Post by MizIndependent on Mar 20, 2020 21:11:42 GMT
Once again the republicans politicians do everything to enrich themselves. FIFY.
Feinstein is still a Democrat, right? I don't think this belongs strictly to party lines.
I'll state first that anyone who may have used this intel/insider information to dump stocks and profit should be in trouble. I was specific on my post because I have read the info on Feinstein. And there is a difference. 1) stocks she owns are held in a blind trust, she has ZERO control over them (as opposed to the republicans, who control and sold their stocks, interestingly enough, their stocks were in hotels and businesses that were deeply affected by the intel) 2) Feinstein did not attend the Jan 24th meeting (the republicans selling, were in the meetings) 3) Feinstein's husband sold stocks, that were related to a cancer therapy and not related to the virus (vs the hotel stock and teleworking stock purchases made by republicans)
Loeffler said the same thing (basically):
So did Inhofe:
Burr has a similar excuse:
And that's just what all of it is...excuses. I'm not giving ANY of them a free pass. Feinstein is just giving excuses like the rest of them.
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Post by sabrinae on Mar 20, 2020 21:38:42 GMT
Burr did not reference his assets being held in a blind trust or his control of his stocks. The other three have. If the trusts are truly in a blind trust without any control by the individuals or their spouses, I’m fine with their transactions. However, if they hold any decision making ability for transactions it’s not really a blind trust and they should be help accountable for their trades. Burr conspicuously left any information about how the stocks are held. They should all be investigated regardless of political party. Based on available information, Burrs trades and Loeffler’s look particularly suspicious— especially as I don’t believe, given her husbands position, that they truely have a blind trust.
Edit: above should be Loeffler not Inhofee. I’ve edited the paragraph
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Post by revirdsuba99 on Mar 20, 2020 22:30:04 GMT
Yesterday, we found out that after a closed-door briefing on the severity of the COVID-19 crisis in January, several senators sold personal stock holdings and even purchased stock in telework and pharmaceutical companies.
That’s right. These senators -- including Richard Burr (R-NC) and Kelly Loeffler (R-GA, one of our Payback Project targets) -- heard information about the coronavirus threat that wasn’t publicly available, and instead of working to protect their constituents, they worked to protect their personal fortunes.
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Deleted
Posts: 0
Jun 1, 2024 22:28:49 GMT
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Post by Deleted on Mar 30, 2020 4:25:30 GMT
www.cnn.com/2020/03/29/politics/justice-stock-trades-lawmakers-coronavirus/index.htmlThe Justice Department has started to probe a series of stock transactions made by lawmakers ahead of the sharp market downturn stemming from the spread of coronavirus, according to two people familiar with the matter. The inquiry, which is still in its early stages and being done in coordination with the Securities and Exchange Commission, has so far included outreach from the FBI to at least one lawmaker, Sen. Richard Burr, seeking information about the trades, according to one of the sources. Public scrutiny of the lawmakers' market activity has centered on whether members of Congress sought to profit from the information they obtained in non-public briefings about the virus epidemic.
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Post by revirdsuba99 on Mar 30, 2020 15:50:33 GMT
The Justice Department has started to probe a series of stock transactions made by lawmakers ahead of the sharp market downturn stemming from the spread of coronavirus, according to two people familiar with the matter. The inquiry, which is still in its early stages and being done in coordination with the Securities and Exchange Commission, has so far included outreach from the FBI to at least one lawmaker, Sen. Richard Burr, seeking information about the trades, according to one of the sources. Public scrutiny of the lawmakers' market activity has centered on whether members of Congress sought to profit from the information they obtained in non-public briefings about the virus epidemic. not so sure we can trust the dt and dis-Barr-him DOJ !! SEC maybe, think Martha Stewart!
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Post by revirdsuba99 on Mar 31, 2020 2:38:16 GMT
Quicker than I thought it would be addressed!! FBI reaches out to Sen. Burr over stock sales tied to virusBy ERIC TUCKER March 29, 2020 WASHINGTON (AP) — The FBI has reached out to Sen. Richard Burr about his sale of stocks before the coronavirus caused markets to plummet, a person familiar with the matter said Monday. The outreach suggests federal law enforcement officials may be looking to determine whether the North Carolina Republican exploited advance information when he dumped as much as $1.7 million in stocks in the days before the coronavirus wreaked havoc on the economy. Burr has denied wrongdoing but has also requested an ethics review of the stock sales. The Justice Department’s action, first reported by CNN, was confirmed by a person familiar with the matter who was not authorized to discuss it and spoke on condition of anonymity. The Justice Department declined to comment. In a statement, Alice Fisher, an attorney for Burr, said, “The law is clear that any American -– including a Senator -– may participate in the stock market based on public information, as Senator Burr did. “When this issue arose, Senator Burr immediately asked the Senate Ethics Committee to conduct a complete review, and he will cooperate with that review as well as any other appropriate inquiry. Senator Burr welcomes a thorough review of the facts in this matter, which will establish that his actions were appropriate,” the statement said. ** apnews.com/27957dd84cbfaba7c8c26cd354711956The inquiry, which is still in its early stages and being done in coordination with the Securities and Exchange Commission, has so far included outreach from the FBI to at least one lawmaker, Sen. Richard Burr, seeking information about the trades, according to one of the sources. Not so bright tonight. I read your post and commented, and proceeded to post another totally forgetting you had posted and I answered...... duh!
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Deleted
Posts: 0
Jun 1, 2024 22:28:49 GMT
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Post by Deleted on Mar 31, 2020 13:32:46 GMT
The Justice Department has started to probe a series of stock transactions made by lawmakers ahead of the sharp market downturn stemming from the spread of coronavirus, according to two people familiar with the matter. The inquiry, which is still in its early stages and being done in coordination with the Securities and Exchange Commission, has so far included outreach from the FBI to at least one lawmaker, Sen. Richard Burr, seeking information about the trades, according to one of the sources. Public scrutiny of the lawmakers' market activity has centered on whether members of Congress sought to profit from the information they obtained in non-public briefings about the virus epidemic. not so sure we can trust the dt and dis-Barr-him DOJ !! SEC maybe, think Martha Stewart!
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Deleted
Posts: 0
Jun 1, 2024 22:28:49 GMT
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Post by Deleted on May 14, 2020 14:03:41 GMT
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Deleted
Posts: 0
Jun 1, 2024 22:28:49 GMT
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Post by Deleted on May 14, 2020 14:07:48 GMT
This is how banana republics operate. All higher ups do illegal things, but the capo only arrests those who are insufficiently loyal.
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