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The Water Cooler
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Congressmen and insider trading
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<blockquote data-quote="ignerntbend" data-source="post: 3340244" data-attributes="member: 6981"><p>I wouldn't question anything that Loeffler told Carlson as anything but the Lord's truth, but the problem with the optics is that her husband is the president of the New York Stock Exchange. That's enough to get people talking.</p><p></p><p>It isn't that unusual for rich folk to throw a chunk of money at a brokerage house and let them do with it what they will, so she has plausible deniability here, which is all that matters. Same with all the rest of the senators in question.</p><p></p><p>Burr's problem runs a little deeper. He's on tape telling his big money contributors that Covid-19 is going to hit us worse than what happened in 1918.</p><p>A few days later, he's on the Sunday morning shows explaining how the virus is under control and there's really nothing to worry about.</p><p></p><p>So he was trading stocks based on "publicly available information" while pushing the usual narrative that publicly available information can't be true. </p><p>You saw that narrative play out right here on OSA before the President gave people permission to see what was in front of their own noses.</p><p></p><p>It's just a moral and ethical problem for Burr. It isn't a legal problem as far as I can tell.</p></blockquote><p></p>
[QUOTE="ignerntbend, post: 3340244, member: 6981"] I wouldn't question anything that Loeffler told Carlson as anything but the Lord's truth, but the problem with the optics is that her husband is the president of the New York Stock Exchange. That's enough to get people talking. It isn't that unusual for rich folk to throw a chunk of money at a brokerage house and let them do with it what they will, so she has plausible deniability here, which is all that matters. Same with all the rest of the senators in question. Burr's problem runs a little deeper. He's on tape telling his big money contributors that Covid-19 is going to hit us worse than what happened in 1918. A few days later, he's on the Sunday morning shows explaining how the virus is under control and there's really nothing to worry about. So he was trading stocks based on "publicly available information" while pushing the usual narrative that publicly available information can't be true. You saw that narrative play out right here on OSA before the President gave people permission to see what was in front of their own noses. It's just a moral and ethical problem for Burr. It isn't a legal problem as far as I can tell. [/QUOTE]
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