Sen. Kelly Loeffler (R-GA) said Friday that she would submit to a review from the Senate Ethics Committee about millions of dollars worth of stocks unloaded from her portfolio right as she received private briefings about the coronavirus pandemic.
Republicans. Nothing but the best.
Moscow Mitch’s honest and pure Ethics Committee will get the truth out to the public.
We will know it is perfectly legal for Republican Senators to do anything they choose.
Such a profile in courage. She’ll agree to submit to an ethics investigation?
Sounds like it should be held by a Citizen’s Tribunal.
Not the GOP “see nothing, do nothing” Senate.
How about an SEC review? Could be coming regadless.
this could be interesting.
Of course she did.
Her Husband is the CEO of the company that owns the New York Stock Exchange.
She has lots of “leverage” over the other Senators.
The only defense that they have is if there really is a firewall between them and the people managing their portfolios…if it is really that solid, and if their managers were doing the exact same thing for all of their clients, then this is just the usual case of the wealthy taking advantage. It will require an investigation of the managers and their contacts and communications though, that’s the only way to be sure…and that won’t happen because it will make it clear how unscrupulous the wealthy are.
Politically, this should be a landmine for her…it looks crooked, and earning a profit as the economy crashes is really what is wrong with the financial system today. It’s the same as hoarding toilet paper, except that the money the wealthy have hoarded could be used in so many ways to help people if it was in the economy instead of their offshore accounts.
I’d like to be given the choice to “submit” to investigation after doing something so blatant.
Oh, I forgot. I’m one of the little people.
Let’s get that sucker going. All personal and official emails, phone logs, written communications between anyone connected with her and anyone connected to her broker. Subpoena the person who executed the trades and find out who gave them the order. Subpoena that person, then the one who told them, and so on up the chain until we get to Burisma.
I wonder what Torquemada is up to these days.
“A capitalist will sell you the rope you hang him with.”
This version - Loeffler will sell us the pitchforks and torches.
I think the SEC is one short of a quorum. In other words, can’t do shit. Something, something trump gutting shit awhile back…something, something…or maybe that was the FCC, who can remember it all?
Would she expect the Spanish Inquisition?
It seems to me that one of the “costs” of being a public servant like the President or a member of Congress, is that if you choose to dabble in the stock market, then sometimes you’re just going to have to “eat” losses like this. Even if you could reasonably be reacting to public reports, if you sit in on meetings that would present dire information for your portfolio, the appearance of impropriety is enough that you should just let it go.
Pretty much everyone that’s investing in the stock market can afford to lose a bunch from time-to-time. And if you are a public servant, you have a good paycheck and benefits, so you should be able to roll with the punches.
Pretty clear indication of what the Ethics Committee is worth.
Good that she is submitting to a review of her actions. If it’s as clean as she says, that should be easy for her to prove. That said, nobody stumbles blindly into buying Citrix in the midst of her other sales, it was clearly done with an understanding of the turmoil that was about to hit the US cities and the white collar labor force.
Does the Senate still do ethics reviews? For Democrats sure, but for Republicans?
"Go directly to jail; do not pass go, do not collect $200."