Senators urged to resign after lying about corona efforts, selling stocks

[Lion Heart 15,041]

Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $628,000 and $1.72 million of his holdings on Feb. 13 in 33 separate transactions.

As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.

A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.

On Thursday, Burr came under fire after NPR obtained a secret recording from Feb. 27, in which the lawmaker gave a VIP group at an exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public.

“Senator 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,” his spokesperson said. “As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy.”

...

Members of Congress are required by law to disclose their securities transactions.

Burr was one of just three senators who in 2012 opposed the bill that explicitly barred lawmakers and their staff from using nonpublic information for trades and required regular disclosure of those trades. In opposing the bill, Burr argued at the time that insider trading laws already applied to members of Congress. President Barack Obama signed the bill, known as the STOCK Act, that year.

https://www.propublica.org/article/senator-dumped-up-to-1-6-million-of-stock-after-reassuring-public-about-coronavirus-preparedness

[Lion Heart 15,041]

 

[NFRatwell 23,290]

I hope he does release it ASAP, I really liked his last album! We are being fed lol

[DeleteMyAccount 11,881]

 

[Lion Heart 15,041]

Just now, NFRockwell said:

I hope he does release it ASAP, I really liked his last album! We are being fed lol

What   

[vyniildisk 12,689]

1 minute ago, NFRockwell said:

I hope he does release it ASAP, I really liked his last album! We are being fed lol

 I am confusion

[NFRatwell 23,290]

Just now, Lion Heart said:

What   

 

Just now, omen said:

 I am confusion

Mess I opened the wrong tab 

[LilMonst3r 5,681]

oop Ocasio Cortez warned us of this.

[KindnessPunk28 1,506]

Burr is a disgrace to North Carolina 

[weed 78,870]

i'm glad republican media (at least one lol) is against it, hope they (and enough of others who end up being guilty) face justice. 

[Lion Heart 15,041]

2 minutes ago, ZacharyMark said:

Omg

Whenever I see Tucker Carlson and others attack GOP politicians, I get suspicious. In the case of Sen. Burr, he's apparently holding up some of Trump's cabinet picks, so the attacks coming in from Fox News and others make sense (to me)- they want him gone. 

But will they also go after these other two Senators? And will anything happen to any of these Senators? I guess we'll have to wait and see. 

[DeleteMyAccount 11,881]

2 minutes ago, Lion Heart said:

Omg

Whenever I see Tucker Carlson and others attack GOP politicians, I get suspicious. In the case of Sen. Burr, he's apparently holding up some of Trump's cabinet picks, so the attacks coming in from Fox News and others make sense (to me)- they want him gone. 

But will they also go after these other two Senators? And will anything happen to any of these Senators? I guess we'll have to wait and see. 

I hope they'll resign or be pushed out. But with the crisis going on I'm sure they'll just use that as cover. 

I hope Trump and his family's stocks get leaked somehow....

[ThisGuyTony 34,835]

So the current Administration was well aware of the virus - and had time to plan appropriately. 

But instead now we’re in this disaster...

[SharkmanthaC 115,027]

3 minutes ago, ThisGuyTony said:

So the current Administration was well aware of the virus - and had time to plan appropriately. 

But instead now we’re in this disaster...

I agree with this 100%.
 

As for Burr, if he is pushed out of office, he’s retiring this year anyway so I doubt he will care too much. But (and I mean this in all honesty), I don’t understand why people feel he did something super dishonest. Yeah he knew we weren’t prepared for this, although an American could probably have figured that out, and he did something a smart investor would have done. I’m really open to discussion about this, I’m not trying to be naive. 

[Lion Heart 15,041]