Weeks before the new coronavirus pandemic sent the stock market plummeting, several members of Congress, their spouses and investment advisers sold hundreds of thousands of dollars in stock after lawmakers attended sensitive, closed-door briefings about the threat of the disease.
Some of the well-timed sales saved the senators and their spouses as much as hundreds of thousands of dollars in potential losses, a Wall Street Journal analysis of the trades shows.
Are we really that shocked? Congressional salary is on par with other public servants, but they all seem to be multimillionaires.
Why do you always show a Republican? Where’s Feinstein’s picture?
The United States is a capitalist country. They have shown their capitalist nature. What is wrong with that
Our illustrious leaders hard at work - for themselves!
F
lisadont Wow.
Trading on the basis of inside information
Shocker! About as corrupt as you can get! LMFAO!
How wonderful is life for the informed selected few while our 401K takes the beating!
Don’t matter. They won’t go to jail.
Just another way our leaders are screwing us. Legislators make sure they are taken care of before taking care of America!
Burrisma
Paging sec_enforcement
Didn’t congress exempt themselves from being charged with insider trading many years ago?
What a bunch of two timing no goods!!!! Drove the markets negative!!! They do NOTHING for the public!!!
Typical politicians. Liking getting their kids deferments during The Nam war. Let the lower and middle class lose their kids.
The next question is who else? Can’t be just these two Senators.
Perhaps when Trump, Munchin, Kudlow and their pals at Fox news were calling ‘Coronavirus a Hoax’ & virus contained in US - they were actually calming the market so that they or proxies or family or friends orcould sell stocks high before the Collapse?
Not only should they be forced to resign, but the DOJ/SEC should pursue insider trading. How is this not already happening? The hypocrisy is insane!!!
Insider trading. They should be prosecuted immediately
Remember when Election Day rolls around.
Lock these GOPTraitors up!!
yes,yes, who cover up
Boo. Throw these bumbs out.
They broke the law, and need to go to prison. Shameful.
So wrong
If its Tru, thats a corruption .
These people should resign immediately!
This is typical Washington BS behavior... These people should be removed by voters or admin... What about 'blind trusts' for all elected officials
Heads are going to roll after corona. Good thing there is room in prison now.
The most popular sport in congress
These people told citizens to investigate large companies. The politician should be the one that should be investigated and questioned.
If someone claims that China’s exports are toxic, then stop wearing China-made masks and protective gowns, or using China-exported ventilators. This way you will stay clear from the virus. Political virus is more terrible than COVID19!
This looks bad . . .
How many more? Go back and look at ALL stocks being sold off and who owned what. More than likely goes a hell of a lot deeper.
Thousands? Feinstein sold millions of her stock? Sensitive information, inside information? Martha Steward went to jail bc of this, Comey directed her trial. How about our representatives?
PaulieD55 Term limits would stop this bad behavior by the politicians that WORK FOR US! USTermLimits
If it looks like 💩 and smells like 💩 then you should flush the 🚽 And don't forget the 🧻
Why is this even the news... I dump all my stocks on Jan. 22 when I first heard about this thing spreading Wuhan and they put entire city under quarantine.... The information is pretty much widely open at that time already...
Naive are USAmericans who still think their Congress & House representatives are ‘special’ kind of humans. In Capitalist Societies, ‘business is business’ is motto followed in times of ‘nitty gritty’
Yup. Trump sure drained the swamp alright.
Democrats did exactly the same thing!
Where is the SEC? He gave the info traded on to others..not the general public. According to Reports. There's the inside trading.
why do they get 'closed door briefings' and why isn't that information made available to the citizens.. that is a much bigger question for me
i could be wrong but insider knowledge, shared to them from lobbyists, for our politicians is not illegal.
Complain, insult, do nothing, repeat.
DmcleodDonald LockThemUp
People should be careful to judge each individually based on their public statements at the time. If they were sounding the alarm, fine. However, if they were saying 'everything is fine' to the public while selling stocks, that's unethical and perhaps illegal.
'Three of Mr. Burr’s sales were in hotel company stocks —Park Hotels and Resorts Inc., Wyndham Hotels and Resorts Inc. and Extended Stay America Inc.—which have seen their value drop 74%, 63% and 50% respectively since Mr. Burr made the sales.' Coincidence? 🤢Burrisma
Politics 101
'Some of the well-timed sales saved the senators and their spouses as much as hundreds of thousands of dollars in potential losses, a Wall Street Journal analysis of the trades shows.' Even the WSJ analysis confirms profiteering Burrisma
Snouts in the trough ResignTrump
If you find out about a nation-threatening pandemic and your first move is to adjust your stock portfolio you should probably not be in a job that serves the public interest.
How much you want to bet he threw the gains into an opportunity opportunity zone fund too?
The only reason we know about this SenatorBurr story is that he’s required to publicly disclose certain financial information. POTUS has spent three years fighting vigorously NOT to disclose any of his. Makes ya wonder 🤔
That's one of the perks of working with Trump. inside information for all his friends and supporters.
So they can replenish our IRAs?
This corporate candidates are the reason Progressive movement fail. They need a revolution to forcefully take them out? Or do we need to take care of their cult followers first?
1-800-SEC
Martha Stewart went to jail... how about these traitors?