Senators Richard Burr, Kelly Loeffler face calls to resign over stock sell offs before coronavirus market turmoil

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 52%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The Republican lawmakers reportedly sold off large quantities of stock before the COVID-19 pandemic caused markets to plunge.

Senators Richard Burr and Kelly Loeffler have faced calls to resign after it was revealed that the Republican lawmakers sold off stock holdings before the COVID-19 epidemic crashed markets.

Sen. Richard Burr leaves a closed briefing on intelligence matters on Capitol Hill on December 4, 2018 in Washington, DC.In a Thursday night Twitter post reacting to the news of the stock dumps, former Democratic primary candidate Andrew Yang said:"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.

"Senators Burr and Loeffler should be investigated by authorities and the Senate Ethics Committee," the Obama-era Housing Secretary Julián Castro said."If the evidence suggests they engaged in insider trading, they should be charged and stand trial." if he had no"honest explanation" for his decision to dump millions in stocks before the COVID-19 pandemic struck markets.

Reacting to a clip of Carlson condemning the senators, the author Matt Stoller said:"Tucker Carlson is calling for an important Republican Senator to be put in jail for #PandemicProfiteering. He's right. And it's not a partisan issue. This behavior is rancid."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

DemNewsweek

Love how you left out SenFeinstein from your article, oh wait she’s a democrat so you can’t possibly point out her illegal activities

why is SenFeinstein not in your 'news' article, because she is a democrat?

Naw. They need to be locked up along with everyone they shared the information with. Pull the cell phone conversations now. They during a time of crisis further weakened the market. Putting this country at risk.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GOP senators sold off their stocks ahead of coronavirus economic crash, reports sayRepublican Sens. Richard Burr and Kelly Loeffler sold off significant amounts in stocks shortly before financial markets plunged due to the coronavirus pandemic, according to reports. Lock em up Confiscate all their assets and give to the American people...sound fair to me.... Well start buying stocks now that it’s down and buy more if it goes lower. Stocks don’t stay down forever
Source: USATODAY - 🏆 100. / 63 Read more »

Senator sold off stock before market losses from virus beganWASHINGTON (AP) — Senate Intelligence Committee Chairman Richard Burr, R-N.C., sold as much as $1.7 million in stocks just before the market dropped in February amid fears about the coronavirus... Recall the motherfucker. Conservative here. Burr should be jailed as well as any other politician profiting off this crisis Anybody notice the irony of his name being Richard?
Source: AP - 🏆 728. / 51 Read more »

Senators sold stocks before coronavirus sank the markets: what we knowSenators are facing backlash for selling in some cases millions of dollars in personal stocks shortly before the coronavirus pandemic sent markets into a freefall earlier this month. Well I'm sure the justice department will.... oh... yeah 'I'm not a patriot I just play one on TV.' :) He is the definition of greed and amorality.
Source: USATODAY - 🏆 100. / 63 Read more »