Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
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T 
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At least three GOP Senators engaged in crooked Stock Sales based on classified briefings about the novel coronavirus
www.motherjones.com/kevin-drum/2020/03/us-senators-engaged-in-a-whirlw
ind-of-stock-sales-last-month/
1) In early February Sen. Richard Burr (R–NC), chairman of the Senate Intelligence Committee, was getting classified briefings about the coronavirus pandemic. On February 7 he wrote an op-ed asssuring the public that everything was under control. On February 13 he decided to liquidate nearly every stock he owned:
A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since….Burr is not a particularly wealthy member of the Senate: Roll Call estimated his net worth at $1.7 million in 2018, indicating that the February sales significantly shaped his financial fortunes and spared him from some of the pain that many Americans are now facing.
….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.
2) Just a coincidence, I’m sure. But then there’s recently appointed Sen. Kelly Loeffler (R–Georgia), who also decided her portfolio needed some rebalancing after receiving classified briefings:
The Senate’s newest member sold off seven figures’ worth of stock holdings in the days and weeks after a private, all-senators meeting on the novel coronavirus that subsequently hammered U.S. equities….That first transaction was a sale of stock in the company Resideo Technologies worth between $50,001 and $100,000. The company’s stock price has fallen by more than half since then.
….It was the first of 29 stock transactions that Loeffler and her husband made through mid-February, all but two of which were sales. One of Loeffler’s two purchases was stock worth between $100,000 and $250,000 in Citrix, a technology company that offers teleworking software and which has seen a small bump in its stock price since Loeffler bought in as a result of coronavirus-induced market turmoil.
3) And starting in late January, Sen. James Inhofe (R–Okla.) also began unloading big chunks of stock.
That’s a lot of coincidences! But that’s probably all they are. I can’t believe that members of the US Senate would use their position to protect their personal wealth instead of using it to protect the public and sound a serious warning that the pandemic was going to be a lot worse than President Trump was saying.
Right?
Quote:https://slate.com/news-and-politics/2020/03/republican-senators-inside
Neither senator appears to have yet commented on the transactions. Members of Congress are prohibited by law from trading on “material, nonpublic information” derived from their positions.
r-trading-accusations-coronavirus.html
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:
Originally posted by second:
That’s a lot of coincidences! But that’s probably all they are. I can’t believe that members of the US Senate would use their position to protect their personal wealth instead of using it to protect the public and sound a serious warning that the pandemic was going to be a lot worse than President Trump was saying.
Right?Quote:https://slate.com/news-and-politics/2020/03/republican-senators-inside
Neither senator appears to have yet commented on the transactions. Members of Congress are prohibited by law from trading on “material, nonpublic information” derived from their positions.
r-trading-accusations-coronavirus.html
Tricky. If it were you what would you have done? If you knew a tsunami of big bad was coming and it would in all likelihood tank the market, would you sell off stocks AND not tell your constituents? If you tell people to look out you might make the market - and just daily life - tank even worse, a run even. Which is a bigger problem? Trying to quietly preserve your investments or inducing panic? I don't think I can blame them too much no matter how selfish and disgusting it looks. Even on top of how much I hate these guys to begin with. Money makes people do things.
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Quote:
Originally posted by captaincrunch:Quote:
Originally posted by second:
That’s a lot of coincidences! But that’s probably all they are. I can’t believe that members of the US Senate would use their position to protect their personal wealth instead of using it to protect the public and sound a serious warning that the pandemic was going to be a lot worse than President Trump was saying.
Right?Quote:https://slate.com/news-and-politics/2020/03/republican-senators-inside
Neither senator appears to have yet commented on the transactions. Members of Congress are prohibited by law from trading on “material, nonpublic information” derived from their positions.
r-trading-accusations-coronavirus.html
Tricky. If it were you what would you have done? If you knew a tsunami of big bad was coming and it would in all likelihood tank the market, would you sell off stocks AND not tell your constituents? If you tell people to look out you might make the market - and just daily life - tank even worse, a run even. Which is a bigger problem? Trying to quietly preserve your investments or inducing panic? I don't think I can blame them too much no matter how selfish and disgusting it looks. Even on top of how much I hate these guys to begin with. Money makes people do things.
Goddamn it man, sometimes you just make a lot of sense.
Mo money, mo problems.
Do Right, Be Right. :)
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Quote:
Originally posted by captaincrunch:Quote:
Originally posted by second:
That’s a lot of coincidences! But that’s probably all they are. I can’t believe that members of the US Senate would use their position to protect their personal wealth instead of using it to protect the public and sound a serious warning that the pandemic was going to be a lot worse than President Trump was saying.
Right?Quote:https://slate.com/news-and-politics/2020/03/republican-senators-inside
Neither senator appears to have yet commented on the transactions. Members of Congress are prohibited by law from trading on “material, nonpublic information” derived from their positions.
r-trading-accusations-coronavirus.html
Tricky. If it were you what would you have done? If you knew a tsunami of big bad was coming and it would in all likelihood tank the market, would you sell off stocks AND not tell your constituents? If you tell people to look out you might make the market - and just daily life - tank even worse, a run even. Which is a bigger problem? Trying to quietly preserve your investments or inducing panic? I don't think I can blame them too much no matter how selfish and disgusting it looks. Even on top of how much I hate these guys to begin with. Money makes people do things.
NOT tricky. It is called Insider Trading: the illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information. It is right up there with other white collar crimes such as income tax evasion, another crime that is very seldom prosecuted in America. I KNOW Texans who commit insider trading and tax evasion. They see themselves as brave heroes, but you don't have to be brave. You only have to be a sneaky, twisty crook, which matches what the Texans I know are. It just so happens that GOP Senators and Presidents are also sneaky, twisty crooks who constantly praise capitalism and their own brilliance. Funny how the crooks I know in Texas are all rich Republicans, as were the Senators who got caught but won't be prosecuted.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:NOT tricky. It is called Insider Trading: the illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information. It is right up there with other white collar crimes such as income tax evasion, another crime that is very seldom prosecuted in America. I KNOW Texans who commit insider trading and tax evasion. They see themselves as brave heroes, but you don't have to be brave. You only have to be a sneaky, twisty crook, which matches what the Texans I know are. It just so happens that GOP Senators and Presidents are also sneaky, twisty crooks who constantly praise capitalism and their own brilliance. Funny how the crooks I know in Texas are all rich Republicans.
Originally posted by second:Quote:
Originally posted by captaincrunch:Quote:
Originally posted by second:
That’s a lot of coincidences! But that’s probably all they are. I can’t believe that members of the US Senate would use their position to protect their personal wealth instead of using it to protect the public and sound a serious warning that the pandemic was going to be a lot worse than President Trump was saying.
Right?Quote:https://slate.com/news-and-politics/2020/03/republican-senators-inside
Neither senator appears to have yet commented on the transactions. Members of Congress are prohibited by law from trading on “material, nonpublic information” derived from their positions.
r-trading-accusations-coronavirus.html
Tricky. If it were you what would you have done? If you knew a tsunami of big bad was coming and it would in all likelihood tank the market, would you sell off stocks AND not tell your constituents? If you tell people to look out you might make the market - and just daily life - tank even worse, a run even. Which is a bigger problem? Trying to quietly preserve your investments or inducing panic? I don't think I can blame them too much no matter how selfish and disgusting it looks. Even on top of how much I hate these guys to begin with. Money makes people do things.
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
lol
Second is White Collar Virtue Signalling.
Yup. I'm sure the guy who fires all of his imaginary Republican employees, suggests killing their bosses and taking everything they own and has called for the assassination of the President and said he knows how to get away with it would be the one single stand-up guy who would go down with his sinking stock portfolio.
Shut the fuck up dude.
Do Right, Be Right. :)
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Quote:Virtue signalling is an accusation by Trump lovers who have no virtues. How is that working out for you, 6ix? Are you getting ahead by being worthless and useless to world? It just so happens that GOP Senators and Presidents are also sneaky, twisty crooks who constantly praise capitalism and their own brilliance. Funny how the crooks I know in Texas are all rich Republicans, as were the Senators who got caught but won't be prosecuted. They have to report their insider stock trading but the Justice Department, controlled by the GOP, certainly won't prosecute. Justice won't prosecute Trump's income tax evasion, either.
Originally posted by 6IXSTRINGJACK:
lol
Second is White Collar Virtue Signalling.
Yup. I'm sure the guy who fires all of his imaginary Republican employees, suggests killing their bosses and taking everything they own and has called for the assassination of the President and said he knows how to get away with it would be the one single stand-up guy who would go down with his sinking stock portfolio.
Shut the fuck up dude.
Do Right, Be Right. :)
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Quote:
Originally posted by second:
NOT tricky. It is called Insider Trading: the illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information. It is right up there with other white collar crimes such as income tax evasion, another crime that is very seldom prosecuted in America. I KNOW Texans who commit insider trading and tax evasion. They see themselves as brave heroes, but you don't have to be brave. You only have to be a sneaky, twisty crook, which matches what the Texans I know are. It just so happens that GOP Senators and Presidents are also sneaky, twisty crooks who constantly praise capitalism and their own brilliance. Funny how the crooks I know in Texas are all rich Republicans, as were the Senators who got caught but won't be prosecuted.
NOT that kind of tricky - their crime is easy to spot.
"Tricky" in what would you have done? Would you have bailed on the market to save yourself and your loved one's future? Or would you have done nothing and watched it melt like an ice cube in the summer sun? You can't put other people's words back in their mouth or shut your ears after they tell you, "Senator, as your financial advisor I would like to let you know that in our best estimation the market is about to free fall... you might want us to look to that." So what do you do once you hear that?
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Quote:
Originally posted by second:Quote:Virtue signalling is an accusation by Trump lovers who have no virtues. How is that working out for you, 6ix? Are you getting ahead by being worthless and useless to world? It just so happens that GOP Senators and Presidents are also sneaky, twisty crooks who constantly praise capitalism and their own brilliance. Funny how the crooks I know in Texas are all rich Republicans, as were the Senators who got caught but won't be prosecuted. They have to report their insider stock trading but the Justice Department, controlled by the GOP, certainly won't prosecute. Justice won't prosecute Trump's income tax evasion, either.
Originally posted by 6IXSTRINGJACK:
lol
Second is White Collar Virtue Signalling.
Yup. I'm sure the guy who fires all of his imaginary Republican employees, suggests killing their bosses and taking everything they own and has called for the assassination of the President and said he knows how to get away with it would be the one single stand-up guy who would go down with his sinking stock portfolio.
Shut the fuck up dude.
Do Right, Be Right. :)
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
Read the Captain's reply, fuck face.
Even he knows that you're so full of shit that it's coming out of your ears right now.
Do Right, Be Right. :)
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Quote:
Originally posted by 6IXSTRINGJACK:
Read the Captain's reply, fuck face.
Even he knows that you're so full of shit that it's coming out of your ears right now.
Hardly. If it weren't for second, Jo, T, Shiny (where is Shiny?) and few others, this place would be a wasteland.
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