An opportunity to shine the guillotines.

Griff · 03-20-2020, 08:00 AM

https://www.bloomberg.com/news/artic...ngs-in-january

U.S. Senators Sold Stock After Coronavirus Briefings in January

Look, this is our chance both parties are in on it and the peasants aren't working anyway.

As someone whose retirement date just went out over the horizon, I'd like a piece of Burr, Feinstein, Loeffler, and Inhofe.

Undertoad · 03-20-2020, 09:02 AM

They gotta go

glatt · 03-20-2020, 10:51 AM

I think you gotta look at their normal buying and selling patterns before you judge them.

If they have been holding stock for 20 years and then sell immediately after the briefing, then yeah, sure. But if they are normally doing a lot of buying and selling, then I wouldn't hold it so much against them.

Griff · 03-20-2020, 11:14 AM

Thing is if they do a lot of buying and selling and it lines up with receiving inside information it's actually much worse.

Luce · 03-24-2020, 05:22 PM

Quote:

Originally Posted by glatt

I think you gotta look at their normal buying and selling patterns before you judge them.

If they have been holding stock for 20 years and then sell immediately after the briefing, then yeah, sure. But if they are normally doing a lot of buying and selling, then I wouldn't hold it so much against them.

I'm not feeling terribly rational right now, truth be told.

Make 'em sneeze in the basket, pour encourager les autres.

xoxoxoBruce · 03-24-2020, 05:49 PM

You mean when our nation's leadership comes on the TV your breast doesn't swell with pride?
Mitch and Nancy don't inspire you to salute and thank the Lord for their guidance?
Don't you feel consolation that no matter what's going on in Washington, the state is screwing you worse?

Griff · 03-24-2020, 08:42 PM

Undertoad · 03-20-2020, 11:14 AM

One of em literally never sold any stock at all before this

Happy Monkey · 03-20-2020, 11:33 AM

Are you referring to Loeffler? The article only says she hadn't sold any stock in the prior few weeks.

The timing of the sales, immediately after the briefing, is certainly suspicious, but the mention that she hadn't sold stock earlier that month seems unnecessary.

Happy Monkey · 03-20-2020, 11:50 AM

via

Quote:

Originally Posted by Washington Post

Jan. 24: The Senate Health Committee, on which Loeffler sits, holds the private, all-senators briefing featuring top health officials.

Jan. 24-Feb. 14: Loeffler sells stocks jointly owned with her husband worth between $1,275,000 and $3,100,000.

Feb. 12: The Dow Jones industrial average closes at its highest-ever point.

Feb. 14: Loeffler buys stock in Citrix, a company that provides web-based services including teleconferencing, and Oracle.

Specifically buying teleconferencing stock is also suspicious.

Clodfobble · 03-20-2020, 12:06 PM

Time will tell whether it's true, but Loeffler in particular said that her assets are in a managed portfolio that she has no input in, and this could definitely be the case. Our retirement is in a similar program (because we believe in outsourcing to experts) and I can say that someone running that thing definitely saw this coming, based only on reports out of China and without the benefit of Congressional closed-door meetings. I get an email every time they make a trade, and back in early Feb. they got out of a bunch of general funds and got into specific things like Coca-Cola stock and other basic-needs type companies. It's possible her situation is similar.

That being said, it is unconscionable in and of itself to publically toe the line and claim that everything was fine when they knew from closed-door meetings that it was not. Profiting off it is worse, but it's unethical not to have spoken out, period.

Undertoad · 03-20-2020, 12:39 PM

Thinking about it, the other aspect to this is, nobody predicted the sell-off.

There's an awful lot of hindsight for everything in this situation, as if all the outcomes would have been predictable, but really they weren't.

Happy Monkey · 03-20-2020, 12:46 PM

Inhofe and Feinstein also say they have no direct input on asset management. Feinstein has a blind trust, and Inhofe says he gave instructions to go into mutual funds instead of stocks when he gained his position, and gives no other instruction to his adviser.

Happy Monkey · 03-20-2020, 12:49 PM

Burr's defense (same link):

Quote:

A spokesperson for the senator told CBS News in a statement that Burr "filed a financial disclosure form for personal transactions made several weeks before the U.S. and financial markets showed signs of volatility due to the growing coronavirus outbreak

Yes... isn't that the problem?

tw · 03-20-2020, 02:38 PM

Insider trading is secondary. Back then, the 'powers that be' knew this was coming in January. Said nothing. Downplayed it. And so well knew the seriousness of this problem as to also profit by selling stocks. Number one fact - they knew and could not bother to protect American lives.

For over two months, people who are suppose to work for Americans, instead, stifled and subverted facts. They only shared knowledge with close campaign supporters. Just like any good communist would do. Since the purpose of communism is to enrich the central committee of the party. Screw everyone else - a Trump philosophy.

This threat was so obvious that I bought face masks back in the beginning of January. Even then, face makes (except the $20 versions) were in short supply. Because people who learn from facts rather than wait to be ordered how to think (an extremist) could see this impending threat.

But they did not have professionals telling them how much worse it would be. We know the scumbag president (who lies to advance himself) would have been informed. Apparently he was blocking (subverting) facts. That information might harm his reelection. Using his 30 second attention span, he subverted any government action to prepare until, it appears, March 12.

That is what the insider trading really says. Facts were known - subverted and withheld - by people who knew. Senator Burr is chairman of the intelligence committee. Intelligence community believed it was coming. People who also said Russian are working to get Trump reelected. And are also criticized by the scumbag for telling us truths - that the wacko extremist Trump and his supported want withheld from us.

Had his attention span been more than 30 seconds, then he might have made a different conclusion months previously. He knew. And only made this problems worse - since he only works to advance himself.

Which also explains why he made money on companies that never made a profit.

03-20-2020, 08:00 AM	#1
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	An opportunity to shine the guillotines. https://www.bloomberg.com/news/artic...ngs-in-january U.S. Senators Sold Stock After Coronavirus Briefings in January Look, this is our chance both parties are in on it and the peasants aren't working anyway. As someone whose retirement date just went out over the horizon, I'd like a piece of Burr, Feinstein, Loeffler, and Inhofe. __________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis

03-20-2020, 11:14 AM	#4
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	Thing is if they do a lot of buying and selling and it lines up with receiving inside information it's actually much worse. __________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis

03-24-2020, 05:49 PM	#6
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	You mean when our nation's leadership comes on the TV your breast doesn't swell with pride? Mitch and Nancy don't inspire you to salute and thank the Lord for their guidance? Don't you feel consolation that no matter what's going on in Washington, the state is screwing you worse? __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.

03-24-2020, 08:42 PM	#7
Griff still says videotape Join Date: Feb 2001 Posts: 26,813	__________________ If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis

03-20-2020, 11:33 AM	#9
Happy Monkey I think this line's mostly filler. Join Date: Jan 2003 Location: DC Posts: 13,575	Are you referring to Loeffler? The article only says she hadn't sold any stock in the prior few weeks. The timing of the sales, immediately after the briefing, is certainly suspicious, but the mention that she hadn't sold stock earlier that month seems unnecessary. __________________ _________________ \|...............\| We live in the nick of times. \| Len 17, Wid 3 \| \|_______________\| [pics]

03-20-2020, 09:02 AM	#2
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	They gotta go

03-20-2020, 10:51 AM	#3
glatt ™ Join Date: Jul 2003 Location: Arlington, VA Posts: 27,717	I think you gotta look at their normal buying and selling patterns before you judge them. If they have been holding stock for 20 years and then sell immediately after the briefing, then yeah, sure. But if they are normally doing a lot of buying and selling, then I wouldn't hold it so much against them.

03-20-2020, 12:06 PM	#11
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	Time will tell whether it's true, but Loeffler in particular said that her assets are in a managed portfolio that she has no input in, and this could definitely be the case. Our retirement is in a similar program (because we believe in outsourcing to experts) and I can say that someone running that thing definitely saw this coming, based only on reports out of China and without the benefit of Congressional closed-door meetings. I get an email every time they make a trade, and back in early Feb. they got out of a bunch of general funds and got into specific things like Coca-Cola stock and other basic-needs type companies. It's possible her situation is similar. That being said, it is unconscionable in and of itself to publically toe the line and claim that everything was fine when they knew from closed-door meetings that it was not. Profiting off it is worse, but it's unethical not to have spoken out, period. __________________ My book My other book My spirit animal

03-20-2020, 12:39 PM	#12
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	Thinking about it, the other aspect to this is, nobody predicted the sell-off. There's an awful lot of hindsight for everything in this situation, as if all the outcomes would have been predictable, but really they weren't.

03-20-2020, 12:46 PM	#13
Happy Monkey I think this line's mostly filler. Join Date: Jan 2003 Location: DC Posts: 13,575	Inhofe and Feinstein also say they have no direct input on asset management. Feinstein has a blind trust, and Inhofe says he gave instructions to go into mutual funds instead of stocks when he gained his position, and gives no other instruction to his adviser. __________________ _________________ \|...............\| We live in the nick of times. \| Len 17, Wid 3 \| \|_______________\| [pics]

03-20-2020, 02:38 PM	#15
tw Read? I only know how to write. Join Date: Jan 2001 Posts: 11,933	Insider trading is secondary. Back then, the 'powers that be' knew this was coming in January. Said nothing. Downplayed it. And so well knew the seriousness of this problem as to also profit by selling stocks. Number one fact - they knew and could not bother to protect American lives. For over two months, people who are suppose to work for Americans, instead, stifled and subverted facts. They only shared knowledge with close campaign supporters. Just like any good communist would do. Since the purpose of communism is to enrich the central committee of the party. Screw everyone else - a Trump philosophy. This threat was so obvious that I bought face masks back in the beginning of January. Even then, face makes (except the $20 versions) were in short supply. Because people who learn from facts rather than wait to be ordered how to think (an extremist) could see this impending threat. But they did not have professionals telling them how much worse it would be. We know the scumbag president (who lies to advance himself) would have been informed. Apparently he was blocking (subverting) facts. That information might harm his reelection. Using his 30 second attention span, he subverted any government action to prepare until, it appears, March 12. That is what the insider trading really says. Facts were known - subverted and withheld - by people who knew. Senator Burr is chairman of the intelligence committee. Intelligence community believed it was coming. People who also said Russian are working to get Trump reelected. And are also criticized by the scumbag for telling us truths - that the wacko extremist Trump and his supported want withheld from us. Had his attention span been more than 30 seconds, then he might have made a different conclusion months previously. He knew. And only made this problems worse - since he only works to advance himself. Which also explains why he made money on companies that never made a profit.

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