KOMMONSENTSJANE – In-the-Know Sens. Unloaded Shares Just Before Virus Tanked the Stock Market

Something is rotten  in Denmark!  Just not ethical.

Something needs to be done about the advanced notice our politicians receive.  They should have to park  put their investments  when they are in these positions.  It is  not fair to the American people to have that disadvantage while the politicians have an advantage.

Also, the American people need to look at their credit cards and try to pay them down and also the politicians need to stop using our debt as a credit card with all of their pork they poke in this barrel.  We have to understand – if we make a debt – we have to pay for it.  The politicians and banks are giving us all of these credit cards in our name and people are charging to the max.

We don’t realize they are going to strangle us one of these days with our own personal debt.  Please, folks, I know this is a terrible time to ask you to do this.  But, between the debt of the nation and our personal debt, THEY ARE going to rob us and our children of our retirement and our children’s future.  PAY DOWN YOUR DEBT – SLOWLY AND SURELY.

The Democrat politicians are just looking for a way to rob us again – IRA’s.

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Senators Dumped Stocks After Getting Info on Virus Threat
March 20, 2020

Richard Burr and Kelly Loeffler sold off shares en masse…

(Associated Press) Senate Intelligence Committee Chairman Richard Burr, R-N.C., sold as much as $1.7 million in stocks just before the market dropped in February amid fears about the coronavirus epidemic.

Senate records show that Burr and his wife sold between roughly $600,000 and $1.7 million in more than 30 separate transactions in late January and mid-February, just before the market began to fall and as government health officials began to issue stark warnings about the effects of the virus. Several of the stocks were in companies that own hotels.

The stock sales were first reported by ProPublica and The Center for Responsive Politics. Most of them came on Feb. 13, just before Burr made a speech in North Carolina in which he predicted severe consequences from the virus, including closed schools and cutbacks in company travel, according to audio obtained by National Public Radio and released Thursday.

Burr told the small North Carolina audience that the virus was “much more aggressive in its transmission than anything that we have seen in recent history” and “probably more akin to the 1918 pandemic.”
Burr’s remarks were much more dire than remarks he had made publicly, and came as President Donald Trump was still downplaying the severity of the virus.

There is no indication that Burr had any inside information as he sold the stocks and issued the private warnings. The intelligence panel did not have any briefings on the pandemic the week when most of the stocks were sold, according to a person familiar with the matter. The person declined to be identified to discuss confidential committee activity.

Burr said on Twitter Thursday that Americans were already being warned about the effects of the virus when he made the speech to the North Carolina State Society.

“The message I shared with my constituents is the one public health officials urged all of us to heed as coronavirus spread increased,” Burr wrote. “Be prepared.”

Burr sent out the tweets before reports of his stock sales. A spokesperson for the senator said in a statement that Burr “has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy” and supports congressional efforts to help the economy. The spokesperson declined to be identified in order to share the senator’s thinking.

The North Carolina senator was not the only lawmaker to sell of stocks just before the steep decline due to the global pandemic.

Georgia Sen. Kelly Loeffler, a new senator who is up for re-election this year, sold off hundreds of thousands of dollars worth of stock in late January, as senators began to get briefings on the virus, also according to Senate records.

In the weeks that followed, Loeffler urged her constituents to have faith in the Trump administration’s efforts to prepare the nation.

“@realDonaldTrump & his administration are doing a great job working to keep Americans healthy & safe,” Loeffler tweeted Feb. 27.

The Daily Beast first reported that Loeffler dropped the stock in late January.

The senator is married to Jeffrey Sprecher, the chairman and CEO of Intercontinental Exchange, which owns the New York Stock Exchange.

Wonder how many other politicians  did the same thing?

kommonsentsjane

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About kommonsentsjane

Enjoys sports and all kinds of music, especially dance music. Playing the keyboard and piano are favorites. Family and friends are very important.
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