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Fox's Carlson Calls Out Sen. Burr For Selling $1.6 Million In Stock After Coronavirus Briefing

Discussion in 'Current Events' started by Ericb760, Mar 20, 2020.

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  1. fmw

    fmw Well-Known Member

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    Elected officials have been doing this for decades. Why should it be any different now?
     
    Last edited: Mar 20, 2020
    fmw, Mar 20, 2020
    #26
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  2. Ericb760

    Ericb760 Well-Known Member Past Donor

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    Because they profited off of a crisis that is killing Americans.

    And while they were doing it they were telling the public to go shopping, and that this would all blow over quickly.

    That makes them liars and profiteers who put their bottom line above the lives of Americans.
     
    Ericb760, Mar 20, 2020
    #27
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  3. fmw

    fmw Well-Known Member

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    As I said, it has been this way for decades. Why are you surprised?
     
    fmw, Mar 20, 2020
    #28
  4. JET3534

    JET3534 Well-Known Member

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    deleted.
     
    Last edited: Mar 20, 2020
    JET3534, Mar 20, 2020
    #29
  5. Ericb760

    Ericb760 Well-Known Member Past Donor

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    I'm not. I am just surprised at how out in the open they do it now.
     
    Ericb760, Mar 20, 2020
    #30
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  6. cd8ed

    cd8ed Well-Known Member Past Donor

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    That many are shrugging at open corruption shows the sad state of affairs this nation is in.
    When it was hidden at least ignorance could be used as an excuse...
     
    cd8ed, Mar 20, 2020
    #31
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  7. Ericb760

    Ericb760 Well-Known Member Past Donor

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    Exactly.
     
    Ericb760, Mar 20, 2020
    #32
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  8. FreshAir

    FreshAir Well-Known Member Past Donor

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    guess when Trump asked what people not getting a 90% return were doing wrong

    the answer is : we did not have a republican senator to give us insider information

    DOW
    Obama took office : 13,649.70
    Obama left offcie : 19,827.00
    --- a gain of 6177.29 for Americans

    Trump today : 19,173.98

    [​IMG]
     
    Last edited: Mar 20, 2020
    FreshAir, Mar 20, 2020
    #33
  9. FreshAir

    FreshAir Well-Known Member Past Donor

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    Obama passed a law to make this is a crime even for members of congress, only three republican in the Senate voted against it, Burr was one of the 3

    hopefully they will use this law to address this abuse
     
    Last edited: Mar 20, 2020
    FreshAir, Mar 20, 2020
    #34
  10. FreshAir

    FreshAir Well-Known Member Past Donor

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    cause now it's a crime thanks to Obama, before that it was legal sadly
     
    Last edited: Mar 20, 2020
    FreshAir, Mar 20, 2020
    #35
  11. Bluesguy

    Bluesguy Well-Known Member Donor

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    Can't prove a negative. And yes Burr has called for an ethics investigation.

    I heard today this was after Trump had called for the travel ban from China that would disrupt the supply chain globally? That this rising health crisis would hurt some if not most stocks and help certain targeted ones.

    That's why I was meeting with my broker in February.
     
    Last edited: Mar 20, 2020
    Bluesguy, Mar 20, 2020
    #36
  12. Lil Mike

    Lil Mike Well-Known Member

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    Kudos to Tucker for doing a story on this!

    But this is an old old problem. Peter Schwietzer wrote a book about it a decade ago.

    In the Newsweek story he points out other guilty parties:

    John Kerry

    Spencer Bachus

    Jim Moran

    Shelley Capito

    Nancy Pelosi

    All members of the House or Senate, and nothing happened to them. Obviously I would love some real swamp draining and an investigation, but if history is a guide, that seems unlikely.
     
    Lil Mike, Mar 20, 2020
    #37
  13. HB Surfer

    HB Surfer Well-Known Member Past Donor

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    It appears this was a bi-partisan shady act.

    [​IMG]


    [​IMG]
    Four senators dumped millions in stocks before coronavirus crash
    Republicans Richard Burr, Kelly Loeffler and James Inhofe, and Democrat Dianne Feinstein, all offloaded large amounts of stock between late January and early February.
    [​IMG] www.dailymail.co.uk

    • Richard Burr - $1.7m in stock
    • Dianne Feinstein - $6m in stock
    • Kelly Loeffler - $3.1m in stock
    • James Inhofe - $400k in stock
    Let's also not forget...

    [​IMG]
     
    HB Surfer, Mar 20, 2020
    #38
  14. 3link

    3link Well-Known Member Past Donor

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    Trading with insider information is a crime.
     
    3link, Mar 20, 2020
    #39
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  15. 3link

    3link Well-Known Member Past Donor

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    Is this a serious question? Did you base your trading decisions on classified briefings you received about the anticipated effects of the coronavirus on the national economy? No? Then you didn’t have insider information. Do you see how that works or do I have to break out a box of crayons and draw you a picture?
     
    3link, Mar 20, 2020
    #40
  16. 3link

    3link Well-Known Member Past Donor

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    Because in 2012 they passed a law making it illegal for them to do so.
     
    3link, Mar 20, 2020
    #41
  17. 3link

    3link Well-Known Member Past Donor

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    Gotta hand it to tucker. He’s been doing some great work lately.
     
    3link, Mar 20, 2020
    #42
  18. Ericb760

    Ericb760 Well-Known Member Past Donor

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    And that law, the STOCK Act, was amended the next year loosening its financial disclosure requirements and making it more difficult for members of the public to access the required filings.

    https://www.investopedia.com/terms/s/stop-trading-on-congressional-knowledge-act.asp
     
    Ericb760, Mar 20, 2020
    #43
  19. Ericb760

    Ericb760 Well-Known Member Past Donor

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    Yeah. Makes me wonder when the Righties are going to start calling him a Dem plant...
     
    Ericb760, Mar 20, 2020
    #44
  20. Bluesguy

    Bluesguy Well-Known Member Donor

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    Government information is not insider information. Private stockholder information is insider information. You didn't need insider information to be selling stocks that could be affected negatively or buying those that could do well or adjusting your cash balance in light of the news reports.

    Let the ethics committee investigate.
     
    Bluesguy, Mar 20, 2020
    #45
  21. Ericb760

    Ericb760 Well-Known Member Past Donor

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    And if they found any misdoings you'd would just insist that it was a political hit job.

    Your playbook these last three years is fairly self evident at this point.
     
    Ericb760, Mar 20, 2020
    #46
  22. Bluesguy

    Bluesguy Well-Known Member Donor

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    Her and her husbands net worth is $FIVE HUNDRED MILLION we're talking less than a percent and according to her was her third party blind trust where she only gets notified weeks later.
     
    Last edited: Mar 20, 2020
    Bluesguy, Mar 20, 2020
    #47
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  23. Lil Mike

    Lil Mike Well-Known Member

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    Thinking that just shows that you don't understand the right.
     
    Lil Mike, Mar 20, 2020
    #48
  24. Bluesguy

    Bluesguy Well-Known Member Donor

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    Don't put words in my mouth, let the ethics committee investigate, Burr has called for it. I deal with facts not partisan conjecture.
     
    Bluesguy, Mar 20, 2020
    #49
  25. 3link

    3link Well-Known Member Past Donor

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    3link, Mar 20, 2020
    #50
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