Message Board Archives
Allyuh following the Burr story
Chrissy
2020-03-19 21:41:02
Sen Burr Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness
GOP Senator Dumped Stock Before Coronavirus Crisis
March 19, 2020 at 5:19 pm EDT By Taegan Goddard Leave a Comment
ProPublica: “Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.”
“As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.”
“A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.”
“On Thursday, Burr came under fire after NPR obtained a secret recording from Feb. 27, in which the lawmaker gave a VIP group at an exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public.”.
Hope there's a cell next to Collins waiting for him.
https://www.propublica.org/article/senator-dumped-up-to-1-6-million-of-stock-after-reassuring-public-about-coronavirus-preparedness]Lock him up!
hotarobin
2020-03-19 21:43:10
In reply to Chrissy
insider trading 101....smh
nitro
2020-03-19 21:49:40
In reply to Chrissy
Lock him up. Bastard.
doosra
2020-03-19 22:05:44
In reply to Chrissy
where i sangfraid?
Oilah
2020-03-19 22:24:56
In reply to doosra
Another example of why capitalism gets a bad rep 
Larr Pullo
2020-03-19 22:30:19
In reply to hotarobin
Technically is it insider trading though?
Chrissy
2020-03-19 22:31:01
In reply to Larr Pullo
Check why Collins is in prison
Larr Pullo
2020-03-19 22:34:16
In reply to Chrissy
Insider trading is the buying or selling of a publicly traded company's stock by someone who has non-public, material information about that stock.
I'm sure he can finesse his way out of this.
Walco
2020-03-19 22:44:05
In reply to Larr Pullo
Technically is it insider trading though?
Good question.
Emir
2020-03-19 22:47:44
In reply to Larr Pullo
Technically is it insider trading though?
A grey area, but a good case to prosecute for a New York prosecutor.
camos
2020-03-19 22:52:37
In reply to Larr Pullo
why are these guys allowed to own stocks?
Larr Pullo
2020-03-19 22:54:38
In reply to camos
Yeah their stocks should be held in a blind account once they get to the Congress.
carl0002
2020-03-20 00:38:03
In reply to Larr Pullo
If this was you, you would be up $#@1 creek without a paddle but for them its different rules.
Chrissy
2020-03-20 00:40:44
In reply to Larr Pullo
So when he was given intelligence information on how this would affect tourism, he sold the hotel stock! Go figure.
black
2020-03-20 00:49:22
In reply to Chrissy
He would have to be pretty stupid to act on any inside knowledge, himself. This is information they usually pass on to family members.
black
2020-03-20 00:54:55
In reply to Chrissy
So when he was given intelligence information on how this would affect tourism, he sold the hotel stock! Go figure
But that is not rocket science, anyone can figure that out.
Now, if the coronavirus Intel was not public knowledge and he acted on it, that would be different.
Runs
2020-03-20 01:00:36
Another one did it
EXCLUSIVE: Georgia Senator Kelly Loeffler sold off seven figures worth of stock holdings after a private meeting on the novel coronavirus.
Chrissy
2020-03-20 01:05:14
In reply to Runs
Just saw that -all thieves using positions to game the system and enrich themselves
Runs
2020-03-20 01:14:35
In reply to Chrissy
In times like these you see the true side of people
Runs
2020-03-20 01:45:03
"There is no greater moral crime than betraying your country in a time of crisis." Tucker Carlson
Chrissy
2020-03-20 01:57:20
In reply to Runs
Inhofe next - watch the ride 
carl0002
2020-03-20 02:08:04
Capitalist at their best. Then these same criminals will tell you poor can lift their selves up by their bootstrap and not even blink about the head-start they themselves get.
Chrissy
2020-03-20 02:17:21
In reply to carl0002
Ron Johnson, Jerry Moran and David Perdue. Rumours about DiFi were wrong.
