Closing Thought–20Mar20

Time to bring back the punishment of a firing squad for profit takers in time of a national emergency……especially elected officials that could be acting on insider information….

It seems a couple GOPers have sold their stocks ahead of the pandemic getting worse……

At least two senators who received briefings on the coronavirus outbreak earlier this year publicly offered reassurances that America was ready and privately sold off large amounts of their stock holdings. Senate Intelligence Committee Chairman Richard Burr sold between $628,000 and $1.72 million of his holdings on Feb. 13, a week before the market started to tank, ProPublica reports. Records show that the stocks sold by Burr, a North Carolina Republican who was receiving daily briefings on the coronavirus outbreak at the time, included holdings in hotels, shipping firms, and other industries hit hard by the pandemic, reports the Washington Post. Burr’s net worth was estimated at $1.7 million in 2018, meaning the sale likely included most or all of his holdings, ProPublica notes.

Burr is also under scrutiny for remarks he made to a group of VIPs at a private luncheon on Feb, 27. He gave them warnings much stronger than anything he had said in public.”It is much more aggressive in its transmission than anything that we have seen in recent history,” he said, according to a recording obtained by NPR. “It is probably more akin to the 1918 pandemic.” The Daily Beast reports that Sen. Kelly Loeffler, the newest member of the Senate, sold up to $3 million in stock between Jan. 24, the day of a private all-senators meeting on the coronavirus threat, and mid-February. Loeffler, a Republican from Georgia, jointly owned the stocks with her husband, New York Stock Exchange chairman Jeffrey Sprecher. Government watchdogs have called for an ethics investigation to determine whether lawmakers profited from inside information, the Post reports.

Four Republican Senators have now been implicated in this coronavirus insider trading scandal. 1. Richard Burr (NC) 2. Jim Inhofe (OK) 3. Ron Johnson (WI) 4. Kelly Loeffler (GA)

If you would like more information…..https://www.rawstory.com/2020/03/republican-jim-inhofe-dumped-up-to-450000-in-stock-the-fourth-gop-senator-implicated-in-scandal-report/

They say that insider trading is hard to prove….but I say…if it walks like a duck, looks like a duck then these guys need to be held up as examples of how bad elected officials are……

Again I say bring back firing squads for those that betray the country in time of emergency.

I Read, I Write, You Know

“lego ergo scribo”

6 thoughts on “Closing Thought–20Mar20

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.