David Perdue Boosted Wealth With Well-Timed Stock Trades As Pandemic Hit | Talking Points Memo

WASHINGTON (AP) — As the ravages of the novel coronavirus forced millions of people out of work, shuttered businesses and shrank the value of retirement accounts, the Dow Jones Industrial Average plunged to a three-year low.


This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1346438

And THIS is why he doesn’t want to ‘debate’ Jon Ossoff…he is hoping that the rubes are just as stupid as HE thinks they are and will let him slide.

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He needs to be grilled by Congress.

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I guess he was just lucky…
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Stock market needs reforms, its just absurd.

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He’s a Republican. Just vote him out, please. This is where the GOP has landed with me: an R after their name, just vote them out.

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He’s not that good looking.

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Every federal elected official and political appointee should be required to divest of everything but two residences: one at home and one in DC. Their investment opportunities should be limited to cash, bank deposits and Treasury securities.

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The rubes only care when Democrats make the big bucks. Republicans are supposed to be wealthy, like stable genius Donnie.

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Of course he made himself richer. After all, he’s a man of the people in the truest Toadglans tradition.

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Buy low (using inside information), sell high (using alarming information unavailable to the public while also telling them everything is fine).

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I would be OK with an actual blind trust, managed by some . . .

Nah, that will never work either. They should divest. The truth is, if you want to hold public office, your personal interests should come last. Otherwise don’t run.

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Might I suggest this instead?

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Nothing pairs better with Southern than deep fried.

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There is no evidence that Perdue, who is among the wealthier members of the Senate, acted on information gained as a member of Congress or through his long-standing relationship with company officials.

“The bi-partisan Senate Ethics Committee, DOJ and SEC all independently and swiftly cleared Senator Perdue months ago, which was reported on,” Burke said.

“This does seem suspicious,” said John C. Coffee Jr., a Columbia University law school professor who specializes in corporate and securities issues. But he added, “You need more than suspicions to convict.”

I agree with John: A proper investigation seems necessary.

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No half-measures! :grinning:

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There is no evidence that Perdue, who is among the wealthier members of the Senate, acted on information gained as a member of Congress or through his long-standing relationship with company officials.

I’ll take Prima Facie for $500…

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OT–
Initial jobless claims rose to 778K, up from 742K.

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I am still waiting for them to file charges on Tom Price, whose insider trading sins were even more crooked. Still waiting - 4 years later.

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Senate Ethics Committee. Like expecting the mafia to investigate organized crime. Then we’re surprised when they clear their own colleagues. Jack Coffee is right. It sure looks suspicious, and absent a real investigation it’s never going to be more than that.

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Why does anyone think any of this matters? White men in southern states are not capable of impropriety—they are genetically immune from it. Everyone knows that.

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