Name:	lucky67 -	Reply
Subject:	SEC
Date:	3/20/2020 10:13:30 AM

MUST investigate & prosecute insider trading by Congress men & women who sold stocks before crash

Name:	MartiniMan -	Reply
Subject:	SEC
Date:	3/20/2020 10:48:42 AM (updated 3/20/2020 11:07:33 AM)

I would like them to investigate all insider trading and sweetheart real estate deals by members of Congress.  For some reason they show up poor and leave multi-millionaires all while living in DC on $170K per year.

One word of caution on the latest allegations.  Many members that come to Congress with substantial wealth put their investments in blind trusts that are managed by others.  Don't know if that is the case with these two recent allegations but in my opinion that should be a requirement of anyone in national elected office.  Loeffler for one has claimed this to be the case but my logical brain finds it hard to believe that her independent investment manager presciently dumped stocks that would drop and buy stocks that would go up but you never know. 

Name:	Talullahhound -	Reply
Subject:	SEC
Date:	3/20/2020 11:51:01 AM

I totally agree.  Of course they will make excuses, like that their spouse is in charge of the investing or some other lame excuse.  But they should be required to resign from Congress immediately.  

Name:	MartiniMan -	Reply
Subject:	Interesting update on this
Date:	3/20/2020 12:26:12 PM

Loeffler, Feinstein and Inhofe all claim that they are not involved in investment decisions like this as theirs are in a blind trust.   Not sure about the other two, but Loeffler is worth $500M so I don't think these moves amounting to a very small portion of her wealth demonstrate anything nefarious. Even if true and it was incredibly bad timing or what turned out to be a very astute move by the advisor that controls her blind trust remains to be seen.

Burr's response so far is less than inspiring. Burr is in a different situation as he apparently liquidated all his holdings in hotel and restaurants after the private briefing.  

Name:	lucky67 -	Reply
Subject:	Interesting update on this
Date:	3/20/2020 12:27:54 PM (updated 3/20/2020 12:28:22 PM)

should be named ambassador & shipped to China--

Name:	MartiniMan -	Reply
Subject:	Interesting update on this
Date:	3/20/2020 12:31:30 PM

That would do the trick to any of them misbehaving.  Having said that, we need to believe none of what we hear and only half of what we see.  If in fact those moves were made by savvy advisors without their knowledge then this is a non issue.  I would like to see the investment moves made by every member of Congress over the last 60 days.  Not their blind trusts.....just what they did.

Name:	lucky67 -	Reply
Subject:	Interesting update on this
Date:	3/20/2020 12:32:40 PM

or check their phone records after leaving briefing

Name:	MartiniMan -	Reply
Subject:	Interesting update on this
Date:	3/20/2020 12:39:26 PM (updated 3/20/2020 12:40:14 PM)

Yep....all of the above.  But as we have seen with the deep state they do protect their own.  But getting wound up over a million dollars in stock sales for a person worth $500M is on its face kind of silly.

Name:	architect -	Reply
Subject:	With all due respect MM
Date:	3/20/2020 1:03:17 PM (updated 3/20/2020 1:15:46 PM)

.I doubt a single mom earning $10 an hour cleaning the rooms at Quality Inn until yesterday when she was laid off will consider a $1,000,000 stock cash-out as “silly”.  For that matter I doubt the average member of Trump’s base will think of it as insignificant either. MM your elitist side is showing and for the average American who may not weather this as well as you and l are likely to do, it ain’t pretty.

Name:	GoneFishin -	Reply
Subject:	Some Interesting Facts
Date:	3/20/2020 1:45:43 PM (updated 3/20/2020 1:50:33 PM)

Here is some cut n paste with some interesting facts....

WASHINGTON — Senator Richard M. Burr sold hundreds of thousands of dollars’ worth of stock in major companies last month, as President Trump and others in his party were still playing down the threat presented by the coronavirus outbreak and before the stock market’s precipitous plunge.

The stocks were sold in mid-February, days after Mr. Burr, Republican of North Carolina and the chairman of the Intelligence Committee, wrote an opinion article for Fox News suggesting that the United States was “better prepared than ever before” to confront the virus. At least three other senators sold major stock holdings around the same time, disclosure records show.

Two weeks after Mr. Burr sold his stocks, he spoke at the Capitol Hill Club in Washington to a nonpartisan group called the Tar Heel Club, warning that the virus could soon cause a major disruption in the United States.

Burr was one of just one of three senators who voted against legislation in 2012 banning so-called congressional insider trading.

Sen. Kelly Loeffler (R-GA) reported the first sale of stock jointly owned by her and her husband who is OWNER of the NY stock exchange on Jan. 24, the very day that her committee, the Senate Health Committee, hosted a private, all-senators briefing from administration officials, including the CDC director and Anthony Fauci, the head of the National Institute of Allergy and Infectious Diseases, on the coronavirus. 

“Appreciate today’s briefing from the President’s top health officials on the novel coronavirus outbreak,” she tweeted about the briefing at the time.

Loeffler had not made a single stock transaction during the three weeks she served in office prior to this one. This was her first. The day she got the coronavirus briefing.

As it happens, Burr and Loeffler sat next to each other on the Senate floor during the chamber’s impeachment trial in January.

Feinstein, who serves as ranking member of the Senate Judiciary Committee, and her husband sold between $1.5 million and $6 million in stock in California biotech company Allogene Therapeutics, between Jan. 31 and Feb. 18, The New York Times reported.