Early Friday morning, Sen. Kelly Loeffler (R-GA) denied any wrongdoing when she sold millions of dollars worth of stocks soon after a closed-door briefing with the entire Senate on the COVID-19 pandemic, which has wreaked havoc on the stock market.
“Senator Burr filed a financial disclosure form for personal transactions made several weeks before the U.S. and financial markets showed signs of volatility due to the growing coronavirus outbreak,” a spokesperson for the North Carolina Republican said.
Yes. That frequently happens when you have information that the markets don’t have.
Yeah, he did it. Whaddaya gonna do about it?
As a former Enforcement attorney with the SEC, the key question here is whether the Senator had any input (direct or indirect) in the decision by her financial advisors to sell. Ask Martha Stewart.
Not a good look. You’ve got a problem when even a turd like Tucker Carlson is calling for your resignation.
“I do not make investment decisions for my portfolio. Investment decisions are made by multiple third-party advisors without my or my husband’s knowledge or involvement.”
You know, except that call I made after the Coronavirus briefing . . . Nothing to see here.
That is referring to Loeffer. With Burr, the case is much clearer that he did trade on non-public information.
Kelly Loeffler: insider trader
David Perdue: Trump acolyte
Rise up, my fellow Georgians, and vote them out of office in November!
Actually, the key is whether you can prove the Senator had any input.
Appointed by the Governor of Georgia, not elected. Right out of the gate, she’s self-dealing.
Unfortunately, it’s a bipartisan scandal with Diane Feinstein doing it too. At least she didn’t make public statements minimizing the danger while dumping her stocks behind the scenes.
Not ridiculous. Not baseless.
Date/time stamps of communiques to “3rd-party” people and brokers will tell all.
FINRA needs to get involved after a righteous complaint.
She’s gonna be the most quickly impeached Senator in history.
The whole run-up of the market in January should be looked at very closely. The way stocks like Tesla popped for no reason look a lot different in the rearview mirror… Just how many insiders were being fed inside information by republican senators that shit was about to go down and now was a great time to be selling or shorting.
Interesting that she avoided the term “blind trust” while suggesting that it is.
Just guessing here, but I’m assuming it’s because they don’t have one?
Jebus, go read the Constitution sometime.
Sorry, everyone now knows you are a money-grubbing scumbag who has no concern for the well-being of her constituents. She will make a great target for political ads that should also throw in the other Repugs that did the same thing. If Diane Feinstein ends up having to resign, so be it, she needs to retire anyway. Actually, if she did resign based on her stock trades, it would put pressure on the Repugs.
Can you imagine how laughable it is to think this corrupt DOJ would ever prosecute these GOP criminals? Of course, when Martha Stewart was even mildly considered to have been insider trading, she was hammered by the DOJ that didn’t like her. Burr will walk away from this unscathed.
Not defending the appearance issue, but Feinstein has had a true blind trust for years (if not decades) now. Loeffler seems to suggest she does, but doesn’t use the legal term, which leads me to believe she doesn’t. “Third party brokers” made these trades isn’t quite a defense. Just ask Martha.
The burglar was apprehended trying to sell Mrs. Smith’s jewelry. However, he wants it known he took everything BEFORE she installed her home security system, so what in the hell is the big deal?
The statute of limitations won’t have run out, so a AG appointed by Biden could and should go after him, if for nothing else than to shame him into resigning.