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2020-03-20 -Short Attention Span Theater-
Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness
DeepStaters gonna self-protect. Burn him.
[ProPublica] Intelligence Chair Richard Burr’s selloff came around the time he was receiving daily briefings on the health threat.

Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.

As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government's most highly classified information about threats to America's security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.

A week after Burr's sales, the stock market began a sharp decline and has lost about 30% since.

On Thursday, Burr came under fire after NPR obtained a secret recording from Feb. 27, in which the lawmaker gave a VIP group at an exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public.
Posted by Frank G 2020-03-20 00:00|| || Front Page|| [11135 views ]  Top

#1 Shitshow, (R) edition
Posted by Lex 2020-03-20 00:43||   2020-03-20 00:43|| Front Page Top

#2 Recalls the Senator from Heinz's behavior shortly after hearing Sec'y Paulson's closed-door testimony in Sept-2008
Posted by Lex 2020-03-20 00:44||   2020-03-20 00:44|| Front Page Top

#3 Loeffler did this too.
Posted by M. Murcek 2020-03-20 02:56||   2020-03-20 02:56|| Front Page Top

#4 Senator Warner of VA did the same in 2008. They all do it and technically it is not illegal for them (unless the law changed after the 2008 $hit$how). The real dumb ones talk about it.
Posted by Airandee 2020-03-20 04:14||   2020-03-20 04:14|| Front Page Top

#5 The ever pervasive D.C. mentality, 'hurray for me, fok you.' Shocking, no ?
Posted by Besoeker 2020-03-20 06:04||   2020-03-20 06:04|| Front Page Top

#6 Scott Brown (Repub. Senator from MA) sponsored a bill in the Senate making this sort of thing illegal - guess how well that bill did?
Posted by Raj 2020-03-20 06:20||   2020-03-20 06:20|| Front Page Top

#7 Wisdom = knowledge and experience. Anyone with market wisdom saw this coming by late February. Any broker who didn’t tell their clients to sell some holdings was not doing their job. If you don’t sell high you can’t buy low.
Posted by Alistaire Tingle9882 2020-03-20 06:54||   2020-03-20 06:54|| Front Page Top

#8 ^ Good judgment comes from experience. Experience comes from bad judgment.
Posted by M. Murcek 2020-03-20 07:04||   2020-03-20 07:04|| Front Page Top

#9 If you haven't read Peter Schweizer's book Throw Them All Out, you should. In the eyes of the Senate (and House) "Ethics" rules, Burr, like many before him (Feinstein, Pelosi, Kerry, Hastert) did nothing improper (but which would put you and me in jail).
One more reason why these old geezer politicians won't leave Capitol Hill--it's just too profitable.
Posted by Clem 2020-03-20 07:27||   2020-03-20 07:27|| Front Page Top

#10 Feinstein is also guilty
Posted by Deacon Blues 2020-03-20 09:11||   2020-03-20 09:11|| Front Page Top

#11 In USA 2.0 (rebooted), make it illegal for sitting congress-a-holes and their immediate family to hold or trade stocks.

if they can't get by on their salary, then go 'serve' elsewhere
Posted by Bob Grorong1136 2020-03-20 09:43||   2020-03-20 09:43|| Front Page Top

#12 What is the STOCK Act?
Posted by Skidmark 2020-03-20 09:50||   2020-03-20 09:50|| Front Page Top

#13 Good judgment comes from inside information.
Posted by Lex 2020-03-20 10:23||   2020-03-20 10:23|| Front Page Top

#14 And Burr has run interference for the IC on the coup attempt.

It ain't just the Dems who are scum.
Posted by charger 2020-03-20 11:29||   2020-03-20 11:29|| Front Page Top

#15 Jail time needs to come for these idiots. Average people get jail for it, so should they.

Also no public official should be allowed to own and trade stock or own a business when they can write the laws and regulations for them.
Posted by DarthVader 2020-03-20 12:09||   2020-03-20 12:09|| Front Page Top

#16 Except for Presidents, who can be impeached for such infractions, real or imagined.
Posted by Bobby 2020-03-20 12:19||   2020-03-20 12:19|| Front Page Top

#17 To avoid any appearance of a conflict of interest, it might be best if high level politicians put those types of assets into a blind trust. We don't send them to Washington DC to get rich. We send them there to serve our interests. If they want to serve their own interests they should remain private citizens.
Posted by Abu Uluque 2020-03-20 12:42||   2020-03-20 12:42|| Front Page Top

#18 Loeffler denied doing it, sez hers are in a blind trust. Who knows?
Posted by Frank G 2020-03-20 12:53||   2020-03-20 12:53|| Front Page Top

#19 Loeffler might be on solid ground.

Still begs the q. as to whether someone whose spouse is president of a stock exchange should be allowed to hold a public office that provides advance knowledge of monetary policy. A less corrupt polity than ours would likely say No.
Posted by Lex 2020-03-20 14:10||   2020-03-20 14:10|| Front Page Top

#20 Still more reasons to despise Richard Burr, who has presided over a Schiff-friendly Shitshow as Chair of the Senate Intel Committee - Mollie Hemingway has the goods on Burr
Posted by Lex 2020-03-20 18:21||   2020-03-20 18:21|| Front Page Top

#21 Whatever. I did the same thing at the same time. Business common sense is not a crime.
Posted by Woodrow 2020-03-20 19:42||   2020-03-20 19:42|| Front Page Top

14:09 Grom the Affective
14:04 Super Hose
14:02 Super Hose
13:37 Procopius2k
13:35 Grom the Affective
13:34 Procopius2k
13:27 Grom the Affective
13:21 NN2N1
13:18 Grom the Affective
12:50 Remoteman
12:45 Secret Master
12:24 Matt
12:07 Abu Uluque
12:03 Grom the Affective
11:59 Grom the Affective
11:35 Super Hose
11:33 Super Hose
11:29 Besoeker
11:28 Besoeker
11:28 Super Hose
11:27 Besoeker
11:23 Besoeker
11:22 Grom the Affective
11:20 Super Hose









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