One the stories that has recently been making its rounds is the curious case of Senator Richard Burr’s sudden sell off of 1.56 million dollars worth of stock before the stock market took a nose dive. That in of itself stinks like three day old rotten fish and is clear example of the corruption in DC where insider trading is happening and now is raising serious questions. Richard Burr heads up the select intelligence committee which is no secret that it is the most corrupt committee in all of DC, especially considering Mark Warner sits on the same committee who was caught up in a prank call by two Ukrainian comedians posing as Russian Operatives who played him for the fool that he is, is also a ranking member of this committee. The two put together have played major roles in foiling the DOJ and prosecutions of certain individuals such as James Wolf who basically got a slap on the wrist for leaking classified information.
The point is, this latest bit of news is going to put Burr in the hot seat and he will have to explain how he was able to unload such a large amount of stock in a short period of time and right before the Stock market posted heavy losses while he goes unscathed, doesn’t sound like the he was being clairvoyant of future events, nor a trading savant that this is by any means just a coincidence, but that he had a heads up with insider information. The latter is something that politicians in DC is aware of seeing it was them that had legislation on the books to prevent such things from happening (congress and Senate members being able to own and trade stocks while serving in office)
This needs to be seriously looked at and investigated.
Good on Tucker to raise awareness on this issue to apply the heat on Burr.
Are you really surprised?
People go to congress and leave millionaires.
Look at the wealth of politicians and that tells it all.
Obama had less than 1 million when he was in the senate. Today over 60 million.
Its not about being surprised, its about breaking the law of insider trading which clearly he is being accused of given the timing of his sell off.
Power corrupts, absolute power corrupts absolutely. Certainly a true statement today who referring to politics.
When people are in congress they must think they are above the law. The surprise was a sarcastic remark. This clearly was a case of insider information used for personal gain. Unless it’s blatant and run daily in the press he will get a pass. The senate will ignore it as they go with the saying **" there but for the grace of God , go I "
Maybe, maybe not. When you consider that others who did the same went to jail for the same shit. So we will have to see what happens with this, but clearly this is not good for him and he needs to answer for it or at the very least there needs to be an investigation about how he was able to dump this large amount right before the stock market nose dived. Doesn’t seem coincidental to me.
Hardly a coincidence.
I believe the corruption in congress is largely ignored by the media and people as it has become the norm.
There is a law in place to address the issue:The Stop Trading on Congressional Knowledge Act prohibits members of Congress from insider trading based on classified information they’ve received
A few more of our esteemed leaders that apparently broke the law:
Sen Kelly Loeffler and her husband, Jeffrey Sprecher, the chairman of the New York Stock Exchange, reportedly sold $3.1million in stock with the first sale in the company Resideo Technologies worth between $50,001 and $100,000 on January 24.
That same day Loeffler’s committee, the Senate Health Committee hosted a private, all-senators briefing with administration officials, including the Centers for Disease Control and Prevention (CDC) director and Anthony Fauci. To add insult to injury, Sen. Kelly Loeffler, a Republican from Georgia then turned around and invested in a company well positioned to capitalize on the impending crisis: a technology firm that sells telecommuting software
Dianne Feinstein, a Democrat member of the same committee, and her husband also sold between $1.5 million and $6 million in stock in California biotech company.
James Inhofe, Republican of Oklahoma, sold stocks totaling $400,000 on January 27 including shares in PayPal, Apple and Brookfield Asset Management, a real estate company.
I thought the law only applies to congress members and not the Senate?
There were 4 who sold stock after WH briefing , one of particular interest was Senator Dianne Feinstein The very same Feinstein that harbored a CHINESE SPY for 20 years !!!
Rhinos and libertarians got to go! Real republicans only
They are plain and simple LOOTERS !!!
They all have been doing this for decades. They know what laws will get passed ahead of time and can buy or sell accordingly. He knew the market was going to take a shit, but so did everyone with half a brain and a pulse.
Yeah, seems to me like people are just buttmad they weren’t paying attention before the obvious and incoming market ass pounding kicked in.
The senators are expected to deny the claims. Here is some of what they have to say.
Of course they are going to deny it! What else are they going to do?
Whether they have an R or D next to their name, whichever lawmakers are guilty of profiteering off of a national emergency deserve to be impeached.
The elite will continue getting away with it until the guillotines come back.
That is a good point! But if we reach that end then you know society has already collapsed. Either way it’s pretty despicable what these people did and the cause and effect factor of Karma always finds its way back to justice! Bank on it with no pun intended!
I want to see public executions - guillotines, gallows, firing squad, burning at the stake - for these assholes. No prison time except as a holding cell prior to swift punishment.
It wasn’t just Burr. It’s coming out that a number of other senators did exactly the same thing including Feinstein.
Right! It was articulated earlier in this thread. Something tells me they won’t be able to live this one down, I mean how dumb can one be as it’s pretty obvious what they did!