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The Justice Department has launched an insider trading investigation into Senator Richard Burr

RAMOSS said:
Well, a third party independent manager would have to be given power of attorney over the assets. I would suspect it would be a finance advisor or an investment company.
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It would be interesting to know how often this guy comes over to the Feinstein mansion for dinner.
 
Fletch said:
It would be interesting to know how often this guy comes over to the Feinstein mansion for dinner.
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Since it has to be 'independent', and 'third party', it means they can't be friends. I wonder what part of 'independent ' and 'third party' you don't understand?
 
Razoo said:
News just broke that the Justice Department has launched an insider trading investigation into Senator Richard Burr and possibly others for dumping millions in stock based on a classified information just before the market crashed.

Sen. Burr's actions were simply nauseating. As chair of the Intelligence Committee, he had information about the true extent of the coronavirus pandemic before almost anyone else in government.

And he didn’t warn the country. He didn’t prepare an emergency pandemic action plan. He dumped stock.

The corporate media is treating this scandal as a minor sidebar story, but not Common Dreams. And we’re going to keep reporting on the corruption of government officials like Burr as well as the corporate bailouts and disaster capitalists taking advantage of this crisis to get rich.

These are perilous times. If you are in a position to help keep us strong—so we can continue to bring the world the news and views that matter most—please donate today.

On the same day last month that Donald Trump assured the public that the coronavirus “would disappear,” Sen. Burr was meeting with a group of high-dollar donors, warning them that the coronavirus pandemic would be worse than any seen in modern times.

And Richard Burr isn't the only one engaged in insider trading. Georgia Senator Kelly Loeffler also sold up to $3.1 million in stock--and bought shares of companies that specialize in remote working software--while telling the public that the economy was strong and there was nothing to worry about.

The Trump administration and Republican lawmakers are moving to make sure their fat-cat donors and corporate cronies are protected even as they shortchange U.S. workers and families who are hit hardest by the outbreak. Now we know that some have even maneuvered to enrich themselves at the expense of public health.

This is beyond outrageous—but Common Dreams is committed to shining a bright light on the kind of greed and shock-doctrine policymaking the corporate media—owned by the very same wealthy elite who prop up this system—would rather ignore or downplay.

Please, if you can, support independent journalism during the coronavirus pandemic.
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Too bad you trashed your own thread by derailing your own thread with a generic TDS rant.
 
dcsports said:
Feinstein says she has no input into her husband's decisions. That doesn't mean that's true. And it's hard to say that any sector of the economy isn't at risk. True, you would have to prove she passed information on to him - as well as the high hurdle that they based their decision on information that wasn't public.

But you completely missed the point. IF we are appalled that members of this committee sold stock, because they MIGHT have based this on 'insider' information, we should include all in the discussion.
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That is a lie, like Biden lied saying he has never talked to his son about his son's business dealings. Before knowing his father had said that, his son admitted that of course he talks to his father about his business activities.

BUT, all that said, that is NOT the topic of this thread - other than the OPer derailing his own thread in a TDS rant.
 
Hamish Howl said:
You are clearly not *serious* about havin' a good time.
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OK so there aren't many posts in this thread, but it appears to me that the "conservatives" are having some difficulty in working up a proper level of self-righteously indignant dudgeon over the fact that ONE "Democrat" is accused of doing the same thing horrendously criminal when there are also THREE "Republicans" accused of doing exactly the same thing at the same time.

I suppose that once The Current Response And Position Bulletin tells them what they are supposed to think and say the thread will pick up steam.
 
TU Curmudgeon said:
OK so there aren't many posts in this thread, but it appears to me that the "conservatives" are having some difficulty in working up a proper level of self-righteously indignant dudgeon over the fact that ONE "Democrat" is accused of doing the same thing horrendously criminal when there are also THREE "Republicans" accused of doing exactly the same thing at the same time.

I suppose that once The Current Response And Position Bulletin tells them what they are supposed to think and say the thread will pick up steam.
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I doubt that what any of them did was criminal. The virus, and it's potential impacts, were being widely discussed, which is why they had the briefing in the first place. Having a government analysis of public information doesn't really make them 'insiders'. I doubt the government's analysis of the impact on the stock market (if that was even covered) was any different than what stock brokers were giving. It certainly looks bad, but I would be surprised if it fell into the category of insider trading.

But, if you are going to criticize people on that committee for selling stock after a briefing, then all the people who did so should be included in the discussion. If you are going to have an investigation, than all should be investigated. There were only four, and Feinstein (and her husband) appear to have sold off more than the rest combined. If they have a good explanation, that's great.

My issue is that most media reports, and offended parties, are leaving Feinstein's name out. Ignoring her, and pretending she wasn't involved, while taking great offense at the actions of the Republicans on the committee. That's hypocritical and dishonest.

FYI - Generally it's liberals that need to be told what to think and say. This is understandable, since their righteous indignation depends on who is performing an action.
 
Sen. Kelly Loeffler sold at least $18 million more in stocks before the coronavirus crash than previously reported
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Kelly Loeffler stock sales: Georgia senator sold at least $18 million more than previously reported - Vox

When challenged over the trades following prior reporting by the Daily Beast, Loeffler said the transactions were handled by third-party advisers, given that she is an elected official and her husband, Jeffrey Sprecher, is chair of the New York Stock Exchange and chair and CEO of its holding company, Intercontinental Exchange.
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Come later this year, Georgia voters can decide how they feel about these stock trades.
 
Razoo said:
News just broke that the Justice Department has launched an insider trading investigation into Senator Richard Burr and possibly others for dumping millions in stock based on a classified information just before the market crashed.

Sen. Burr's actions were simply nauseating. As chair of the Intelligence Committee, he had information about the true extent of the coronavirus pandemic before almost anyone else in government.

And he didn’t warn the country. He didn’t prepare an emergency pandemic action plan. He dumped stock.

The corporate media is treating this scandal as a minor sidebar story, but not Common Dreams. And we’re going to keep reporting on the corruption of government officials like Burr as well as the corporate bailouts and disaster capitalists taking advantage of this crisis to get rich.

These are perilous times. If you are in a position to help keep us strong—so we can continue to bring the world the news and views that matter most—please donate today.

On the same day last month that Donald Trump assured the public that the coronavirus “would disappear,” Sen. Burr was meeting with a group of high-dollar donors, warning them that the coronavirus pandemic would be worse than any seen in modern times.

And Richard Burr isn't the only one engaged in insider trading. Georgia Senator Kelly Loeffler also sold up to $3.1 million in stock--and bought shares of companies that specialize in remote working software--while telling the public that the economy was strong and there was nothing to worry about.

The Trump administration and Republican lawmakers are moving to make sure their fat-cat donors and corporate cronies are protected even as they shortchange U.S. workers and families who are hit hardest by the outbreak. Now we know that some have even maneuvered to enrich themselves at the expense of public health.

This is beyond outrageous—but Common Dreams is committed to shining a bright light on the kind of greed and shock-doctrine policymaking the corporate media—owned by the very same wealthy elite who prop up this system—would rather ignore or downplay.

Please, if you can, support independent journalism during the coronavirus pandemic.
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Senator Burr is apparently a crook.
 
dcsports said:
Feinstein was in the same meeting as the others, and sold stock (through her husband) in the same timeframe. She also sold more than the others. However, she keeps conveniently being omitted.
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The problem with Burr is he sold a slew of stocks, and clearly was unloading. You can search by Senator here and see the reports. Burr's runs three pages.

eFD: Home

Feinstein just sold a position in a single stock - Allogene Therapeudics, and it went up significantly after the first sale and as we speak is still hanging in pretty well from that first sale.
 
Razoo said:
News just broke that the Justice Department has launched an insider trading investigation into Senator Richard Burr and possibly others for dumping millions in stock based on a classified information just before the market crashed.

Sen. Burr's actions were simply nauseating. As chair of the Intelligence Committee, he had information about the true extent of the coronavirus pandemic before almost anyone else in government.

And he didn’t warn the country. He didn’t prepare an emergency pandemic action plan. He dumped stock.

The corporate media is treating this scandal as a minor sidebar story, but not Common Dreams. And we’re going to keep reporting on the corruption of government officials like Burr as well as the corporate bailouts and disaster capitalists taking advantage of this crisis to get rich.

These are perilous times. If you are in a position to help keep us strong—so we can continue to bring the world the news and views that matter most—please donate today.

On the same day last month that Donald Trump assured the public that the coronavirus “would disappear,” Sen. Burr was meeting with a group of high-dollar donors, warning them that the coronavirus pandemic would be worse than any seen in modern times.

And Richard Burr isn't the only one engaged in insider trading. Georgia Senator Kelly Loeffler also sold up to $3.1 million in stock--and bought shares of companies that specialize in remote working software--while telling the public that the economy was strong and there was nothing to worry about.

The Trump administration and Republican lawmakers are moving to make sure their fat-cat donors and corporate cronies are protected even as they shortchange U.S. workers and families who are hit hardest by the outbreak. Now we know that some have even maneuvered to enrich themselves at the expense of public health.

This is beyond outrageous—but Common Dreams is committed to shining a bright light on the kind of greed and shock-doctrine policymaking the corporate media—owned by the very same wealthy elite who prop up this system—would rather ignore or downplay.

Please, if you can, support independent journalism during the coronavirus pandemic.
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Wait. aren't most Democrats claim Tucker only lies and should be thrown off of television?!
 
This is a situation were everyone involved should have only one response to questions:

"I am exercising my right to remain silent and my lawyer's name is..." Most prosecutions now are for lying, not the crime, and saying anything exposes the person to a perjury trap.

It is possible whoever runs the stock transactions as a "blind trust" learned info elsewhere and did insider trading, or learned gossip elsewhere and gambled on it, or just upon clues thought things could get bad - not insider trading. Or maybe the politician did communicate this illegally to the trust... maybe, maybe, maybe. While maybe someone could get indicted, maybe not. If no one talked, there at least half a dozen people who could have been the one who did insider trading - for which every can say "maybe it was on of those 7 people or maybe it was not one and it just was done calculations with no illegal insider trading."

No one could take themselves into innocence, mostly into being prosecuted. And mostly for lying, whether the person lied or not. All it takes is one person to say you are lying to be indicted for lying or perjury - and even convicted - even if that person is who is lying: the number one reason to say nothing. It also means any explanation should only be by the person's lawyer and not in writing. The lawyer's comments are all inadmissible hearsay and the lawyer can not be questioned about what his client said.
 
JasperL said:
The problem with Burr is he sold a slew of stocks, and clearly was unloading. You can search by Senator here and see the reports. Burr's runs three pages.

eFD: Home

Feinstein just sold a position in a single stock - Allogene Therapeudics, and it went up significantly after the first sale and as we speak is still hanging in pretty well from that first sale.
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That's not 'the problem'. It's a decent point if someone wants to compare the specific actions the senators took, but if the discussion is the potential for 'insider trading' in this 'incident' - all the people involved should be included.
 
joko104 said:
This is a situation were everyone involved should have only one response to questions:

"I am exercising my right to remain silent and my lawyer's name is..." Most prosecutions now are for lying, not the crime, and saying anything exposes the person to a perjury trap.

It is possible whoever runs the stock transactions as a "blind trust" learned info elsewhere and did insider trading, or learned gossip elsewhere and gambled on it, or just upon clues thought things could get bad - not insider trading. Or maybe the politician did communicate this illegally to the trust... maybe, maybe, maybe. While maybe someone could get indicted, maybe not. If no one talked, there at least half a dozen people who could have been the one who did insider trading - for which every can say "maybe it was on of those 7 people or maybe it was not one and it just was done calculations with no illegal insider trading."

No one could take themselves into innocence, mostly into being prosecuted. And mostly for lying, whether the person lied or not. All it takes is one person to say you are lying to be indicted for lying or perjury - and even convicted - even if that person is who is lying: the number one reason to say nothing. It also means any explanation should only be by the person's lawyer and not in writing. The lawyer's comments are all inadmissible hearsay and the lawyer can not be questioned about what his client said.
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It's nice to see you taking such a balanced position on this issue.

If there had been three "Democrats" (whatever that means) and only one "Republican" (whatever that means), I suspect that your position wouldn't be quite so "balanced".

Of course if there had been four "Democrats" (whatever that means) an no "Republican" (whatever that means) then I am sure that you would be applying the first half of the rule regarding "presumption of innocence", which is:

  1. (as applied to someone who might be a member/supporter of "Their Guys") -

    "At the very first moment that it is first rumoured that there might conceivably be something that resembles an accusation of something that could possibly be considered to be faintly similar to an act that theoretically amounts to a breach of the law, then that person is **G*U*I*L*T*Y** and any court finding otherwise is a perversion of justice."
    ​
    *
    and
    *
  2. (as applied to someone who might be a member/supporter of "Our Guys") -

    "Until such time as the person has been indicted, has been tried, has been convicted, has exhausted all appeals (regardless of how frivolous) without overturning the unjustly and illegally obtained verdict AND it has been 100% conclusively proved that there is a 0.00% chance that that unjust and illegally obtained verdict was NOT the result of a huge, vast, enormous, hidden, secret, covert, conspiracy to destroy America by making same-sex/inter-racial marriages mandatory, forcing women to have abortions, compelling fluoridation and vaccination, imposing Sherry Law, and making all the Cheerleaders wear Burke Hats, then the person is ***I*N*N*O*C*E*N*T***."​

 
Stealers Wheel said:
Burr asked for an ethics investigation by the senate, not a criminal investigation by the DOJ. BIG DIFFERENCE!
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True. I agree that it is no big deal to ask for an investigation when you already know that the potential investigators are going to find that you did nothing wrong (because finding that you did something wrong could hurt their electoral chances [or the electoral chances of Mr. Trump]).

But he DID ask.
 
TU Curmudgeon said:
True. I agree that it is no big deal to ask for an investigation when you already know that the potential investigators are going to find that you did nothing wrong (because finding that you did something wrong could hurt their electoral chances [or the electoral chances of Mr. Trump]).

But he DID ask.
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Yes, he did. And right about now he's probably asking WTF?
 
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