Fox News‘s Tucker Carlson had some serious words for Sen. Richard Burr (R-NC), who sold off a significant percentage of his stocks on February 13 - raising between $628,000 and $1.72 million in 33 separate transactions.
Carlson noted Burr sold “more than a million dollars in stock in mid-February after learning how devastating the Chinese coronavirus could be.
“He had inside information about what could happen to our country - which is now happening - but he didn’t warn the public. He didn’t give a prime time address. He didn’t go on television to sound the alarm. He didn’t even disavow an op-ed he’d written just ten days before claiming America was ‘better prepared than ever for coronavirus.”
Instead what did he do? He dumped his shares in hotel so he wouldn’t lose money. And then he stayed silent.
Now maybe there’s an honest explanation for what he did. If there is, he should share it with the rest of us immediately. Otherwise, he must resign from the Senate and face prosecution for insider trading. There is no greater moral crime than betraying your country in a crisis, and that appears to be what happened.” -Tucker Carlson
Perhaps Burr was simply reading Zero Hedge’s coronavirus coverage?
Watch:
Wow. Add @TuckerCarlson to the list of folks calling on @SenatorBurr to resign. pic.twitter.com/HhTsDtP7Qv
— Andrew Feinberg (@AndrewFeinberg) March 20, 2020
Meanwhile, a second Senator has come under fire for similarly selling stocks before the market took a dive - selling between $1,275,000 and $3,100,000 between January 24 and February 14.
Sen. Kelly Loeffler, R-Ga., has become the second lawmaker to have reportedly sold stock weeks before the coronavirus outbreak triggered a stock market downfall.
The Daily Beast reported on Thursday that Loeffler sold stock that was owned by her and her husband and January 24, which was the same day she sat in on a closed-door coronavirus briefing as a member of the Senate Health Committee with the Trump administration, which Dr. Anthonly Fauci was in attendance.
According to the report, she sold stock in Resideo Technologies “worth between $50,001 and $100,000,” whose stock price “has fallen by more than half” since January. -Fox News
27 out of 29 February transactions by Loeffler and her husband were sales. One of the buys worth $100,000 - $250,000 - Citrix, is a teleworking software company, which has risen since the pandemic has progressed.
via zerohedge
Chloroquine, a malaria drug, has been used to combat COVID-19. This drug is not harmful to cells. China, and South Korea, have used it, successfully.
OK folks! What would you do if you were told that something was going to happen that’s gonna cost you thousands and there was no prohibition for what we call insider trading, which there isn’t in Congress, what would you do? It’s easy to say what someone else should do, but maybe it’s the law that allows it rather than just a hit piece on one or two people.
WHAT ABOUT ETHICAL??? And then kept his MOUTH SHUT about it!!!69ZH
IF YOU OR I USED INSIDER INFORMATION IN BUYING OR SELLING STOCK, WE WOULD BE HEADED FOR PRISON. I know politicians can get away with anything in today’s world.
I thought this practice is what Nancy Pelosi does and shows her loyal democrats to raise personal wealth. I also thought that I read that sitting congressmen/women do not get prosecuted for insider trading. This was several years ago.
Stop listening to the fake news. We all know those people are puppets played by their puppet masters, the wealthy.Hypocrites,all of them ! Liars and thieves with one goal in mind and that’s treating you like trash and a new world odors of their repugnant stench.Why even listen to their vomitous Babbling ?? Are you that bored ?
Well, the only reason they go to Washington is to get rich. It doesn’t matter what they do once they get there. They create the laws that govern us, but not them . . .
Of course it’s “insider trading”, but to politicians it’s just “connections”.
Sen. Kelly Loeffler, R-Ga was ‘picked’ for her seat by Georgia’s governor. I hope she loses to Doug Collins (an actual minister/preacher, my district congressman) in November. She’s been advertising how ‘devout’ she and her family are, and her “farm-raised values”. She married Jeffrey Sprecher for MONEY (a May-December relationship) (he bought the NY stock exchange in 2004 — she put off running for congress that year because money was more important). She and her husband support super PACs and Mitt Romney! He supports more Republicans than demonrats, but he still supports demonrats. If they give money to both parties, what does that tell you??? It’s going to whomever will bend to their will. Governor Kemp showed how low he could bend by nominating her, and then appointing her without a vote.
The STOCK act should apply to both of these RINOs, but I bet it won’t.
What nerve and hotspur she should resign and face prosecution for inside trading just look at Martha Stewart she went to prison for doing the same thing. Anyone who profits from inside trading is breaking the law. It doesn’t mater if you buy or sell the shares of stock. If you or I did it we will be facing a judge right now.
Martha Stewart was NOT convicted for insider trading. She was convicted of lying to the feds.
https://money.cnn.com/2018/05/31/news/companies/trump-martha-stewart-pardon/index.html
Burr must be a rino , using same tactics as the liberal / NWO socialists in Congress , whose globalists FUNDED the Chinese lab that CREATED the virus in the first place ! : https://survivalupdate.com/gates-foundation-behind-wuhan-coronavirus/?fbclid=IwAR2x4CY5YNjRRfhEanjKmqwNe1u-wbgWtXVWwbITOG8rxbiKZ9zGC200sCk
He is an embarrassment to North Carolina.
well the way I see it there was a dem involved in selling her stuff to so she should have to resign also.you can’t have just republicans resign and let the dems get away with whatever they want to do.pelosi also needs to resign from her post to for trying to get more money to kill babies and support planned parenthood.let her use her own money for that stupid stuff did she have her own kids have aborations
So must any and all others. Put them in jail for insider trading and I don’t give a damn that their “portfolios” are in a trust. There is no such thing as a blind trust. There are only “blind” men!
SENATOR BURR WAS UP FRONT ABOUT IT, HE DIDN’T LIE, LIKE DEMOCRATIC SENATOR’S, HE BROUGHT IT UP. IF HE GO’S BIDEN SHOULD GO AND DIRTY BERNIE
Congress passed the no insider trading law several years ago for themselves
Nancy Pelosi and her husband have been doing this for years, no one said a damn word about it. Some people were watching Burr after he told Senators Grassley and Johnson to back off the investigation of Hunter Biden…