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

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Razoo

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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.
 
Please provide a link, Razoo.
 
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.
Click to expand...

I find it hard to believe Barr would go after any ally of Trumps. On the other hand, democrats were involved as well. It would do Barr's reputation a lot of good to make something out of this.

A link would be nice.
 
Torch all their asses, politicos from both sides. Burr...Frankenstein...all of them.
 
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.
Click to expand...

You left out Feinstein, who sold more than the others combined.
 
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.
Click to expand...

IIRC he asked to be investigated.
 
dcsports said:
You left out Feinstein, who sold more than the others combined.
Click to expand...

She was not mentioned although I am aware of her participation. Yes Diane, Rump, Barr and all other inside traders must resign ......... no matter which side of the aisle.

This Wall Street Insider Trading investment scam crap gets in the way of Health Insurance for All as well which is why the voters need to be the last word.
 
ClaraD said:
and if she did and it was directly attributable to information she had...she needs to face the music as well.
Click to expand...
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.
 
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.
Click to expand...

I'm not omitting anyone...I've said repeatedly to hang them all
 
dcsports said:
You left out Feinstein, who sold more than the others combined.
Click to expand...

Except, of course, all her stocks are in a blind trust, and she has no access to buy/selling them.. You left out that piece of information. That's not honest.
 
RAMOSS said:
Except, of course, all her stocks are in a blind trust, and she has no access to buy/selling them.. You left out that piece of information. That's not honest.
Click to expand...

In theory.
 
ClaraD said:
and if she did and it was directly attributable to information she had...she needs to face the music as well.
Click to expand...

A key part of information that is being withheld by the ones attacking her is that her stocks are in a blind trust, and she does not have access or visibility to them. That makes it a lot more difficult for any case to be made against her.
 
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.
Click to expand...

Then lock her up, too. Seriously. Drag everything into daylight, let's see what wiggles.
 
RAMOSS said:
Except, of course, all her stocks are in a blind trust, and she has no access to buy/selling them.. You left out that piece of information. That's not honest.
Click to expand...

That's interesting so who had access to sell them?
 
ClaraD said:
That's interesting so who had access to sell them?
Click to expand...

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.
 
RAMOSS said:
Except, of course, all her stocks are in a blind trust, and she has no access to buy/selling them.. You left out that piece of information. That's not honest.
Click to expand...

Correct. Your statement is not honest. Her husband sold the stock, and that's supposed to be her defense. You don't think she discussed a $7 Mil stock sale with her husband?

Look, I don't think any of them will get convicted of anything. The fact that China had the virus, and their economy was in trouble, was no secret. Sure, they had access to government analysis, but stock brokers looking at the same facts were also advising sales. To omit one of the four senators caught selling stock on the same committee and released in the same report is dishonest.
 
dcsports said:
Correct. Your statement is not honest. Her husband sold the stock, and that's supposed to be her defense. You don't think she discussed a $7 Mil stock sale with her husband?

Look, I don't think any of them will get convicted of anything. The fact that China had the virus, and their economy was in trouble, was no secret. Sure, they had access to government analysis, but stock brokers looking at the same facts were also advising sales. To omit one of the four senators caught selling stock on the same committee and released in the same report is dishonest.
Click to expand...

Let's see you show the source for that claim.
 
RAMOSS said:
Let's see you show the source for that claim.
Click to expand...

Which 'claim'? That Feinstein's husband sold the stock? Feinstein said it...

In a statement to Business Insider, the California senator said she wasn't at the January 24 Senate briefing on coronavirus and that she had put all her assets into a blind trust. She also said she didn't personally make the decision to sell any stock.

"During my Senate career I've held all assets in a blind trust of which I have no control," Feinstein said. "Reports that I sold any assets are incorrect, as are reports that I was at a January 24 briefing on coronavirus, which I was unable to attend."

She went on: "Under Senate rules I report my husband's financial transactions. I have no input into his decisions. My husband in January and February sold shares of a cancer therapy company. This company is unrelated to any work on the coronavirus and the sale was unrelated to the situation."
Click to expand...

4 senators are now under fire for selling major stock holdings as coronavirus spread across the US | Markets Insider

And her spokesperson

“All of Senator Feinstein’s assets are in a blind trust,” a spokesperson for the senator told the Times. “She has no involvement in her husband’s financial decisions.”
Click to expand...
Feinstein Latest Senator Found to Have Sold Stocks Before Coronavirus Crash | Newsmax.com
4 senators are now under fire for selling major stock holdings as coronavirus spread across the US | Markets Insider
 
dcsports said:
Which 'claim'? That Feinstein's husband sold the stock? Feinstein said it...



4 senators are now under fire for selling major stock holdings as coronavirus spread across the US | Markets Insider

And her spokesperson


Feinstein Latest Senator Found to Have Sold Stocks Before Coronavirus Crash | Newsmax.com
4 senators are now under fire for selling major stock holdings as coronavirus spread across the US | Markets Insider
Click to expand...

so, it seems that he is the one that would be in the hot seat...although I wouldn't say that stock in a cancer therapy company would be at risk. She said she had no input on anything that he does with the financial assets...that would mean you need to prove she had informed him and either knew or directed him to sell the stock.
 
ClaraD said:
so, it seems that he is the one that would be in the hot seat...although I wouldn't say that stock in a cancer therapy company would be at risk. She said she had no input on anything that he does with the financial assets...that would mean you need to prove she had informed him and either knew or directed him to sell the stock.
Click to expand...

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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