“It’s not a problem,” she said of being investigated by the Rethugliklan-controlled committee.
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It’s late November 1941, and you receive classified a briefing that a Japanese attack is imminent. And what do you do? You and hubby sell a whole bunch before the week ended Friday Dec 5, 1941.
Tell us how it was all coincidental. As Ayn Rand would say: It is your duty to steal from the poor masses.
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Burr: I voted against the bill that forbids senators and their staff from using private information for stock trading, therefor it does not apply to me.
Loeffler: Our stocks are controlled by third-party managers. I simply suggested that they liquidate a significant portion of our portfolio but I had no involvement in which stocks they sold.
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What does she care? The GOP controls the Senate and Barr will refuse to prosecute her. We’ll be treated to some hair-splitting nonsense about how none of them technically did anything wrong, while everyone pretends an ethics review is relevant…instead of a criminal investigation, which is what SHOULD be happening.
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She’s a senator so that garners the biggest headline but we must not overlook that her husband is the freaking head of the New York Stock Exchange and that Burr privately gave a bunch of rich people a heads up. When centrist look around befuddled as to why the left (and many on the right) HATE how our economy is being run and by who, this… this is why.
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OK. Let’s do that. In January 2021.
Stupid, greedy- both? Worth half a billion; DRIVES a private jet to work…yet dumps stock presumably based on a Senate briefing.
And…this is what Georgia’s Governor gave the people?
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And also, “No, of course my husband and I never discussed the inside information that my appointed position gave me direct access to.”
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It’s not the ethics of the unethical senate rules (they are allowed to insider-trade), it’s the un-ethics/criminality of doing insider sales while lying to the public that everything is fine so that she can keep the prices propped up for the duration of her sales.
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I have a high degree of confidence that both Trump and Barr will be out of office long before the statute of limitations has run. Of course we will then need a Democratic president and AG who are willing to look back as well as forward.
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No good, that’s for sure.
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Via, for example, creating a blind trust.
I agree.
That our “public servants” need to be told any of this is, well, it’s no longer surprising, I guess.
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I was always hoping that after trump, not only would they make it mandatory to provide tax returns but they would also make it mandatory to place everything into a blind trust - that should provide a wet blanket for anyone like a trump or Bloomberg applying for the job. It doesn’t seem like a huge cost for most of us if we ever considered the possibility.
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I first thought that a third-party administrator selling 29 stocks would be a bit reckless. And then I read that her husband is the Chairman of the NY Stock Exchange. Twenty-nine stocks are probably a small portion of their portfolio and stock-churning is a routine occurance.
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If she was smarter, she would have used the Steven Colbert method from when he was running for President of the United State of South Carolina. Jon Stewart was running his Super PAC (which in no way was coordinated with Steven’s campaign) and Steven merely smiled or frowned as Jon suggested different ways to spend the PAC’s money (and thus no transcript of coordination).
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I wouldnt get too upset about it if we dont. These arsonists are going leave enough shit burning that we are going to need all resources devoted to putting out the fires. I’d love to watch them tried or hanged or stoned to death or caned to within and inch of their lives, but that, unfortunately, may have to be a secondary concern.
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A bit harsh. This is not a capital (heh) offense so I’m good with a ducking stool or, more appropriately, Medieval stocks.
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Correct me if I’m wrong but doesn’t SDNY have jurisdiction here?
I meant trump and Barr, not the inside traders hehe
Mea culpa. 
With that clarification I’m good with your recommendation.
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