Congressmen and insider trading

Snattlerake · Mar 20, 2020

https://www.washingtonpost.com/nation/2020/03/20/coronavirus-richard-burr-stock/

https://nypost.com/2020/03/20/richa...or-selling-stocks-after-coronavirus-briefing/

One says Inhofe is involved.

Morals: not a two way street.

JD8 · Mar 20, 2020

Inhofes trades were pretty darn benign IMO. Paypal, Apple and Brookfield on Feb 27th. Forget that these aren't a biotech like Feinstein's hubby sold.... the information was on the wall.... and ALL over the news that the markets were going down. Why wouldn't he sell?! Not to mention some fundamental news was released with Paypal.

CorpsVet · Mar 20, 2020

Inhofe said he did not attend the "meeting". However I must wonder if he had any conversations with someone that did, prior to making the trades.

ignerntbend · Mar 20, 2020

No reason to worry about Inhofe. He's a very rich person and his trades were made by his financial advisers based on publicly available information.

There isn't even any reason to worry about Burr. He has defended himself by saying that he dumped his stocks based on publicly available information.

The problem for Burr is that he is on tape telling his wealthy donors the truth while still lying to the American people on television. All this happened long before the President had his public come to Jesus moment, and Burr was solidly on the team.

So Burr's problem is that he was out there benefiting from publicly available information at the same time he was telling the people that they shouldn't believe what they could see with their own eyes.

He'll be just fine. What he was doing was unethical and even immoral, but it probably wasn't against the law.

RickN · Mar 20, 2020

ignerntbend said:
No reason to worry about Inhofe. He's a very rich person and his trades were made by his financial advisers based on publicly available information.

There isn't even any reason to worry about Burr. He has defended himself by saying that he dumped his stocks based on publicly available information.

The problem for Burr is that he is on tape telling his wealthy donors the truth while still lying to the American people on television. All this happened long before the President had his public come to Jesus moment, and Burr was solidly on the team.

So Burr's problem is that he was out there benefiting from publicly available information at the same time he was telling the people that they shouldn't believe what they could see with their own eyes.

He'll be just fine. What he was doing was unethical and even immoral, but it probably wasn't against the law.

Exactly. Personally I think all government employees should be required to put their stocks in a blind trust that they can not touch.

turkeyrun · Mar 20, 2020

UK reports, too

https://www.dailymail.co.uk/news/ar...hbjuUpqnq_xK-HGBh5MtGFIwaSNzOQO4lHzbS0DXap8lk

John6185 · Mar 20, 2020

Heck, we all knew the markets were going to tank, it didn't take an act of congress to enable us to see what was happening. As far as the four that are "guilty" of insider trading without a trial of course-I notice that it is always without fail one of the democrats calling for the Republican to resign even though Feinstein is among the four. If one goes, they all go!

p238shooter · Mar 20, 2020

RickN said:
Exactly. Personally I think all government employees should be required to put their stocks in a blind trust that they can not touch.

The problem is that when they first go into government they have no money. Some how on their small government salaries they acquire enormous amounts of money in their personal or their family accounts and it then has to be put somewhere. Hummmm

xseler · Mar 20, 2020

I wonder what Martha has to say about the issue?

Fredkrueger100 · Mar 20, 2020

p238shooter said:
The problem is that when they first go into government they have no money. Some how on their small government salaries they acquire enormous amounts of money in their personal or their family accounts and it then has to be put somewhere. Hummmm

That is the only reason people want to be in government, for money. And I’m not talking about their salaries. They all make tons of money doing things they shouldn’t be doing. It’s ridiculous. And we just allow it to happen. And this is yet another reason I always say voting will never fix things. Just look at the Clintons and the Obamas. Neither of them were rich but when they got out of the White House they had more money than they knew what to do with.

Congressmen and insider trading

Snattlerake

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JD8

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CorpsVet

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ignerntbend

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RickN

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turkeyrun

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John6185

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p238shooter

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xseler

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Fredkrueger100

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Congressmen and insider trading

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