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Four Senators dumped stocks after confidential COVID-19 briefing and before the crash

March 20, 2020

  It is now being reported that four Senators–three Republicans and one Democrat–divested themselves of millions of dollars in stocks after receiving confidential briefings on COVID-19. You will recognize most of the names, here is more:

Four senators dumped millions of dollars worth of stock while Capitol Hill was being briefed on the threat of coronavirus but before the markets tanked as infections soared, disclosure records have revealed. 

Republicans Richard Burr, Kelly Loeffler and James Inhofe and Democrat Dianne Feinstein collectively offloaded up to $11 million in stock between late January and early February, according to records seen by The Daily Beast, New York Times and ProPublica. 

Burr, chair of the Senate Intelligence Committee that was directly briefed on coronavirus, sold up to $1.7million in stock including in hotels, according to reporting from ProPublica. 

Feinstein, a member of the same committee, sold up to $6 million in stock including in a biotech firm.

Loeffler dumped up to $3.1 million in investments starting on the day the Senate Health Committee, which she sits on, was briefed by the CDC. Meanwhile James Inhofe sold up to $400,000 in stock including real estate.

  Kelly Loeffler and Dianne Feinstein defended themselves by claiming they did not have personal control over their portfolios–as if they could not call the people who did have control and give them the information–while Richard Burr claimed he made his move before he had the information. James Inhofe could not be reached for comment.

  And on top of all this it is being alleged that Richard Burr warned others about the potential problem.

  If these accusations are true and the first reaction these four people had was to protect themselves instead of thinking about the American people they are supposed to represent they need to resign immediately and face criminal charges.

malo periculosam libertatem quam quietum servitium

3 Comments leave one →
  1. March 20, 2020 7:14 pm

    Feinstein’s off the hook – her portfolio’s managed by a blind trust and she didn’t attend the meeting. The fellow who accused her recanted and apologized.

    Take good care and may God bless us all!

    TGY

    Liked by 1 person

  2. March 20, 2020 9:38 pm

    They’ll lie as usual. This is partly where they get their ‘ill-gotten gain’ along w/ Kickbacks from the cartel, China and other ungodly things to ugly to mention.

    Liked by 1 person

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