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  1. #1
    I am that guy RandomGuy's Avatar
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    Senate Intelligence Chairman Richard Burr (R-N.C.) dumped between $582,029 and $1.56 million of his stocks on Feb. 13, days after writing a Fox News op-ed that said the U.S. is "better prepared than ever before" to face public health threats like the coronavirus, according to ProPublica.

    Why it matters: Reuters reported on Feb. 27 that as chairman of the secretive committee, Burr had been receiving daily updates from the intelligence community about the outbreak.

    NPR reported earlier Thursday that Burr struck a much darker tone on Feb. 27, telling a private luncheon of cons uents that the coronavirus is "much more aggressive in its transmission than anything that we have seen in recent history."
    "It is probably more akin to the 1918 pandemic," he added.
    The stock market has dropped about 30% since Burr's sales.
    Between the lines: Burr's sell-offs — which were executed between his op-ed and later warnings — included stocks in several companies that were set to be hit particularly hard by the coronavirus, according to ProPublica.

    Up to $150,000 of his sold stocks were shares of Wyndham Hotels and Resorts. Up to $100,000 were shares of the hospitality chain Extended Stay America.
    Tourism has been one of the hardest hit industries as travel has come to a virtual standstill as a result of the pandemic.
    Worth noting: In 2012, Burr was one of only three senators to oppose a bill that would explicitly bar members of Congress and their staff from using non-public information for personal benefit, including stock-trading.

    What they're saying:

    “Senator Burr filed a financial disclosure form for personal transactions made several weeks before the U.S. and financial markets showed signs of volatility due to the growing coronavirus outbreak. As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy.”
    — A spokesperson told ProPublica
    Burr's office did not immediately respond to a request for comment from Axios.

    https://www.axios.com/richard-burr-c...1d2ab08db.html

    -------------------------------------------------------------------

    Total coincidence, I'm sure.

  2. #2
    Believe.
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    Pretty sure at least the GOP - if not ALL of congress knew all about this and took care of their own interests $$$

    we are on our own here - in EVERYTHING - right now -

    our safety
    our economic fate

  3. #3
    Kang Trill Clinton's Avatar
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  4. #4
    Savvy Veteran spurraider21's Avatar
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  5. #5
    SeaGOAT midnightpulp's Avatar
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    "Bootstraps."

  6. #6
    Savvy Veteran spurraider21's Avatar
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    boomers tbh

    well, burr, at least

  7. #7
    Got Woke? DMC's Avatar
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    What about his kid? The Burrito?

  8. #8
    SeaGOAT midnightpulp's Avatar
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    republicans tbh

    well, burr, at least
    FIFY

  9. #9
    Take the fcking keys away baseline bum's Avatar
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    Bootstraps Ron Johnson


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  11. #11
    Independent DMX7's Avatar
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    Bootstraps Ron Johnson

    Burr was reportedly selling off hotel stocks which makes it look even worse.

  12. #12
    I am that guy RandomGuy's Avatar
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    Trump is going to get his fee fees hurt because someone else is getting press.

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  14. #14
    Take the fcking keys away baseline bum's Avatar
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    Hmmm... I wonder if he'll call for Johnson to resign too? I wonder.

  15. #15
    Veteran hater's Avatar
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    I know of a few CEOs and high ups that sold their stocks mid February

    they got briefed on

  16. #16
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    What about the richies to whom Burr leaked non-public information?

    Who were they and how much stock did they dump?

    I'm sure Billy Barr and the Repug SEC will pursue this quickly and aggressively, sorta like Benghazi and butter emails, right?

  17. #17
    notthewordsofonewhokneels Thread's Avatar
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    Indefensible.

  18. #18
    Still Hates Small Ball Spurminator's Avatar
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  19. #19
    Got Woke? DMC's Avatar
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    Wow people dumped stock and the market crashed. Go figure. I would think they'd wait for it to crash then dump it. Of course, then you have to wonder why it crashed if no one dumped stock.

  20. #20
    Still Hates Small Ball Spurminator's Avatar
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    Wow people dumped stock and the market crashed. Go figure. I would think they'd wait for it to crash then dump it. Of course, then you have to wonder why it crashed if no one dumped stock.
    The market didn't crash on 1/24.

    What objectively bad thing done by elected leaders will you NOT defend?

    You're basically arguing that insider trading is okay.

  21. #21
    Got Woke? DMC's Avatar
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    Let's see,

    Election year? Check
    Oil price war between Russia and Saudi? Check
    Pandemic? Check

    Yeah, someone had inside information.

  22. #22
    Got Woke? DMC's Avatar
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    The market didn't crash on 1/24.

    What objectively bad thing done by elected leaders will you NOT defend?

    You're basically arguing that insider trading is okay.
    You're basically pretending you've proven insider trading occurred. Do you think these politicians had some inside info on corporations and FDA things and such? Or did they see the storm coming before some others?

  23. #23
    Savvy Veteran spurraider21's Avatar
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    inhofe is the face that thought a snowball in his hand disproved climate change

  24. #24
    Got Woke? DMC's Avatar
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    Stock Market Today:
    Stock Market Today: January 24, 2020
    Harvey S. Katz, CFA and Adam Rosner | January 24, 2020

    After The Close - Stocks opened higher this morning, but sank deep into negative territory in the afternoon. The averages attempted to recover some ground late in the session, but with limited success. Earlier today sentiment seemed somewhat optimistic. However, the mood turned apprehensive, as traders worried that a deadly virus in China might be difficult to contain. Of note, the virus has made its way to a number of countries, and a second person in the U.S. was recently diagnosed with the illness. Investors seem to fear that a wider outbreak might put a damper on global business. At the close of the day, the Dow Jones Industrial Average was down about 170 points; the broader S&P 500 Index was off 30 points, and the NASDAQ was lower by 88 points. Market breadth was decidedly negative, as losers outpaced winners by a wide margin on the NYSE. Most of the major market sectors lost ground, with pronounced weakness in the services and healthcare issues. Stocks related to the travel and leisure industries moved lower on health concerns. In contrast, the utilities managed to outperform.

    Guess what? Utilities are still doing well in many instances.

    Insider trading

    Just admit you don't have the portfolio to justify keeping track. You probably let someone like Fidelity manage your stuff.

  25. #25
    Veteran Th'Pusher's Avatar
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    You're basically pretending you've proven insider trading occurred. Do you think these politicians had some inside info on corporations and FDA things and such? Or did they see the storm coming before some others?
    What was DMC saying about “the storm” on 1/24?

    Man that guy is dumbass.

    James Inhofe is a genius.

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