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2020-03-21 Home Front: Politix
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Dianne Feinstein, 3 more senators accused of dumping major holdings before stock market plunge
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[BIZPACREVIEW] Sen. Dianne Feinstein
...Dem Senator-for-Life from Caliphornica. She has been a politician since about the time she was weaned. Feinstein was the author of the 1994 Federal Assault Weapons Ban, and tried it a second time in 2012. Feinstein has chaired the Select Committee on Intelligence since 2009. At age 80, Feinstein is the oldest currently serving United States Senator....
is reportedly part of a small group of senators who sold off millions of dollars worth of personal stock days before the market crashed due to the coronavirus
 ...the twenty first century equivalent of bubonic plague, only instead of killing off a third of the population of Europe it kills 3.4 percent of those who notice they have it. It seems to be fond of the elderly, especially Iranian politicians and holy men...
crisis.
Continued from Page 6
The Caliphornia, an impregnable bastion of the Democratic Party, Democrat and three of her Senate colleagues sold major holdings in February just before the stock market plunge, according to U.S. Senate disclosure records.
Feinstein, the ranking member of the Senate Judiciary Committee, along with Republican Sens. Richard Burr of North Carolina, Kelly Loeffler of Georgia and James Inhofe of Oklahoma, all sold off stock around the same time, though a front man said Feinstein wasn’t directly involved in the transactions.
The report about Feinstein, whose home city of the Socialist paradise of San Francisco
...where God struck dead Anton LaVey, home of the Sydney Ducks, ruled by Vigilance Committee from 1859 through 1867, reliably and volubly Democrat since 1964...
was just put under a "shelter-in-place" order along with the state of California, emerged as Burr has come under fire for dumping more than $1.6 million from his personal portfolio just ahead of the market crash.
Burr, chairman of the Senate Intelligence Committee, reportedly sold off the stocks in a series of more than 30 transactions according to ProPublica which first reported on the sale, prompting calls for his resignation.
"He dumped his shares in hotel stocks so he wouldn’t lose money, and then he stayed silent," Fox News host Tucker Carlson said Thursday. "Maybe there is an honest explanation for what he did. If there is, he should share it with us immediately. Otherwise, he must resign from the Senate and face prosecution for insider trading."
Feinstein and her husband reportedly sold between $1.5 million and $6 million in stock in Allogene Therapeutics, a California biotech company. Those transactions occurred between Jan. 31 and Feb. 18, The New York Times
...which still proudly displays Walter Duranty's Pulitzer prize...
reported.
Inhofe sold stock in PayPal, Apple and Brookfield Asset Management, valued at nearly $400,000 on one day, Jan. 27, disclosure records indicated. Other reports also surfaced about Sen. Ron Johnson of Wisconsin who sold over $5 million of stock, though it was later reported that it was related to a family business.
Loeffler reportedly sold stock worth millions of dollars starting on Jan. 24, the same day the Georgia politician tweeted about attending a classified Senate briefing about the coronavirus. Along with her husband, Jeffrey Sprecher, chairman of the New York Stock Exchange, they sold stock they held in companies including Exxon Mobil, Ross Stores, and AutoZone.
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Posted by Fred 2020-03-21 00:00||
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