Sen. Kelly Loeffler (R-GA) said in a statement Wednesday that she and her husband Jeffrey Sprecher have decided to liquidate their individual stock shares after coming under fire for selling off millions of dollars in stock amid the coronavirus pandemic.
If you don’t have to do it, why are you doing it? If an investigation will show that you did nothing wrong, then there’s no reason for these drastic measures.
Shame on you
Panic sell-everything exit the market move and trying to use it as “See? All better now.”
She must have received some insider info that COVID-19 deaths are about to skyrocket and the market will drop another 30%.
Now, this is gallows humor at its finest. And also very possibly true.
Hint: Stop using the phrase “Let me be clear.”
"“Let me be clear: I do not have to do this. I’ve done everything at or above the requirements for complying with the STOCK Act, SEC regulations, Senate Ethics rules, and US law, and of course, will continue to do so,” Loeffler wrote, before arguing that her “transparency is being abused for political gain.”
" Loeffler Liquidates Stock Shares After Uproar Over COVID-19 Sell-Off"
“Liquidate means to convert assets into cash or cash equivalents by selling them on the open market. Liquidate is also a term used in bankruptcy procedures in which an entity chooses or is forced by a legal judgment or contract to turn assets into a “liquid” form (cash). In finance, an asset is an item that has value.”
You mean you and your husband have to touch that filthy cash ? Whew so nasty 
Notice she doesn’t deny that she sold the stock and avoided huge losses by doing so. She just says that she didn’t “attempt to profit based on [her] service in the senate.”
She doesn’t argue with the facts; she argues with the reasonable suspicions raised by the facts.
Bird in the hand.
“I will now be liquidating my stocks since the market is on a slight dead cat bounce but will be resuming its freefall shortly. Also, I stayed at a Holiday Inn last night. I didn’t have to, probably shouldn’t have, but did it. So there.”
The proper thing would have been to have had all of these assets placed in a blind trust in the first place. That should be mandatory for all elected officials. For the life of me, I don’t know why it isn’t.
Does she believe this absolves her? Not for me; she is taking her profits and running.
Wow, that sure doesn’t make you look more guilty or anything.
Hmm. Liquidated all of her stocks, eh? Kinda makes you wonder what she knows that every “average” investor in America doesn’t.
To coin a phrase, or recoin I guess, “Lock Her Up!”
Hmmm, seems like guilty behavior to me.
Especially if you’re a Republican, and if you’re a Democratic legislator you have to have a signed waiver by @bitinginsect.
In other words, she feels the markets have largely hit bottom, so she’s taking the profits and reinvesting it in sector things with less risk, and a lot more likely upside in the near and mid-term.
I bet they have some ideas on how to launder that filthy lucre.