Senators sell stock. Where is the outrage?

Cali4x4 · Apr 28, 2020

We have heard about these four. Sens. Kelly Loeffler (R-Ga.), James Inhofe(R-Okla.), Dianne Feinstein (D-Calif.) and Richard Burr (R-N.C.)

Why have there been no resignations? Impeachments? Only silence from XiNN to MSLSD and FOX.

Could it be there are more senators than just these four?

Founder · Apr 28, 2020

I would imagine that its been looked at and it was probably their brokers transacting without their knowledge. That’d be my guess. Quite likely no big deal, but who knows?

Homer · Apr 28, 2020

Founder said:
I would imagine that its been looked at and it was probably their brokers transacting without their knowledge. That’d be my guess. Quite likely no big deal, but who knows?

BS....I bet all 100 did it.....

....and at least half the congress......the other half of congress is too dumb

grizzly · Apr 28, 2020

Founder said:
I would imagine that its been looked at and it was probably their brokers transacting without their knowledge. That’d be my guess. Quite likely no big deal, but who knows?

Department of Justice is investigating Richard Burr

bigshotca · Apr 28, 2020

Founder there is no way you could be that stupid just saying

Bluehair · Apr 29, 2020

If any of these SOB's cheated, they should do the time. They knew something was a bad investment and dumped it off on someone else who didn't have the same info. If they did that, its cheating plain and simple.

One of the essential functions of our goobermint is to maintain an economic system as free from fraud as posssible. If you are in government, you should be held to higher standard in these matters, but definitely not a lower standard.

And I don't buy the "my broker did it without telling me" line of BS if it was an individual stock trade. All of these questions are very easy to answer. In fact, if you ever get audited you will find out just how easy your IRS thinks it is to produce, and how unsympathetic we should be when the shoe is on the other foot.

I would be more outraged, but at the moment I'm busy with my stupid "safer at home" rules.

WRC · Apr 29, 2020

I’m dumping money hand over fist into mutual funds, stock on the clearance rack. Advantage of being a young investor. Like the Stones said, “Time is on my side.”

LivingTheDream · Apr 29, 2020

Usually once a public servant such as a senator or rep learns of information it is considered public information and therefore not considered insider trading.

When you write the rules of the games, you write them in your favor.

Founder · Apr 29, 2020

Them Senators are buying up stocks today!! Must know something the rest of us don't.

eelgrass · Apr 29, 2020

DOJ investigating Congress for wrong doing? That would be like Tristate investigating me for poaching.

Or, that would be like the FBI investigating Hillary.

Cali4x4 · Apr 29, 2020

Feinstein's stock was sold by her husband. Martha Stewart went to jail for less. Bunch of crooks. Like Hillary wiping her server clean "with a cloth?"

at 34 seconds

grizzly · Apr 29, 2020

eelgrass said:
DOJ investigating Congress for wrong doing? That would be like Tristate investigating me for poaching.

You don't trust Bill Barr to be impartial? Yeah, me neither.

hossblur · Apr 30, 2020

grizzly said:
You don't trust Bill Barr to be impartial? Yeah, me neither.

Bill Barr is the head of the SEC?

grizzly · Apr 30, 2020

eelgrass said:
DOJ investigating Congress for wrong doing? That would be like Tristate investigating me for poaching.

grizzly said:
You don't trust Bill Barr to be impartial? Yeah, me neither.

hossblur said:
Bill Barr is the head of the SEC?

Republican Senator Richard Burr is being investigated by SEC & DOJ. Eel's quote referred to DOJ, which is headed by the Attorney General, Bill Barr.

Bluehair · Apr 30, 2020

So Barr is investigating Burr?

Too soon for a Beer?

Wyosam · Apr 30, 2020

WRC said:
I’m dumping money hand over fist into mutual funds, stock on the clearance rack. Advantage of being a young investor. Like the Stones said, “Time is on my side.”

This. I’m torn on the Senators. Yes they had access to information that others didn’t. At the same time, I moved a bunch of money before things started tanking because I thought it was pretty apparent we were going to take a hit between the market being overdue for a correction, and the upset to global trade coming with COVID-19. Its not like it was a blindside if a person was paying attention. Of course many of the moves made by the senators were pretty specific to things that were about to happen. I’ve started buying some stocks that I think have potential for big gains compared to the market at large. I rarely play with individual stocks, I’m more of a mutual fund guy, but it seems like the time to do it. Even if we haven’t found the bottom yet, any money going to into the market now will almost certainly do very well over the long term.