Two Senators Sold Off Stock Weeks Before Coronavirus Crashed The Market

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I’m a San Francisco-based reporter covering breaking news at Forbes. Previously, I’ve reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter @rachsandl or shoot me an email rsandler@forbes.com.

"He had inside information about what could happen to our country, which is now happening, but he didn't warn the public…"Instead, what did he do? He dumped his shares in hotel stocks so he wouldn't lose money,"“It is stomach-churning that the first thoughts these Senators had to a dire & classified #COVID briefing was how to profit off this crisis,”

she tweeted.: The coronavirus is taking an increasingly severe toll on markets. The S&P 500 has plunged 28.9% over the last month and it has put the U.S. economy on an inevitable path towards a recession. Congress is considering a number of bailout options for groups particularly hard-hit, including the hotel, cruise and airline industries. And Americans are

 

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Why are we allowing this?

Should I now consider Forbes as fake news? How about some investigative reporting bc I am certain there are also democrats who also did the exact same thing. Forbes?... Waiting for an update...

What is he suppose to do? Maintain the stock only for not being accused of inside insider trading? Come on! Nobody could be that lame.

I do not really understand the problem. This is a free market. Anyone with a average IQ would have sold stocks after indices made high after high while we could clearly see the corona crisis growing. Everyone would have done what those senators did.

There usuly the wrong thing thay do he counts what's not okay and put it on people have nothing to do with it so he thinks now by the book his sombody else hert .some one his clean

🗑

What's the point. Ideally if you were locking in gains from 2020 and trying to get the qualified gains rate, you do this about then. Tax bill might of been due. It looks bad, but I can think of a million reasons to justify this.

Coincidence?

Oh it'll be more than two for sure

Wow and her husband is the CEO of the New York stock exchange. They could of given us a heads up

Two senators!!! Laughable. Just wait it will be more than two.

Two republican senators

Martha Stewart 2!!! Jail time!

More than two.

Two Republican senators... of course

It’s more than two now.

Like someone important did something real fucked up and they knew it was coming o.o

Put them in jail

“Service to the people” Jail them. This is worse than robbery.

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