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Reports that Republican US senators dumped stock before coronavirus market crash spark calls to resign

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WASHINGTON (REUTERS) - Two Republican senators faced calls to resign on Friday (March 20) over media reports they sold substantial amounts of stock before the global coronavirus-induced market meltdown after receiving private briefings on the outbreak.. Read more at straitstimes.com.

WASHINGTON - Two Republican senators faced calls to resign on Friday over media reports they sold substantial amounts of stock before the global coronavirus-induced market meltdown after receiving private briefings on the outbreak.

Republican Senator Kelly Loeffler sold US$1.28 million to US$3.1 million in stocks from Jan 24 through mid-February in 29 transactions, two of which were purchases, according to The Daily Beast. "This is a ridiculous and baseless attack. I do not make investment decisions for my portfolio. Investment decisions are made by multiple third-party advisers without my or my husband's knowledge or involvement," she said.

We are here to serve the public, not to profiteer. It’s shocking that it’s even been allowed up to this point. "It is stomach-churning that the first thoughts these Senators had to a dire & classified #Covid briefing was how to profit off this crisis. They didn't mobilise to help families, or prep response. They dumped stock," Democratic Representative Alexandria Ocasio-Cortez tweeted.Tucker Carlson, a conservative Fox News commentator, told his viewers on Thursday night:"Maybe there is an honest explanation for what did.

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