Richard burr...what should he do?

The shares were all sold within a week of each other…

Feinstein- at least $1 million on Feb. 18. Within a few days everyone else.

Yep, they are all birds of a feather.

1 Like

Why did you ignore my entire post? Why did you choose not to answer the question posed?

Feinstein’s husband had been selling shares of Allogene Therapeutics for weeks and weeks and weeks before the COVID-19 news hit. And has continued to sell them afterwards. Some were sold at a loss. Cherry picking data to try and make it seem like Feinstein and Burr are an apples to apples comparison is quite absurd for any of us that actually know what happened here.

And this is not a partisan thing either. I have already defended Loeffler’s stock sales as being above board. She has a host of third party traders that work on her portfolio. I do not believe what she did was illegal or unethical.

Digging in to Johnson and Inhoffe, but at a cursory glance they don’t seem to be untoward either. Thus far ONLY Burr seems to be a classic case of insider trading.

Take off the partisan blinders and hold criminals accountable. Or don’t. Focus on the tribe only I guess. That seems more comfortable.

3 Likes

Good Lord. Guess he’s relying on people being willingly gullible.

1 Like

I think he knows he is screwed here. After seeing what happened to Chris Collins, he has to be genuinely sweating. Not only is he looking at losing his Senate seat, but realistically he could be looking at prison.

But you ignored the million dollar plus she sold right before the crash:

Feinstein, one the longest-tenured Senate Democrats, sold at least $500,000 in shares of Allogene Therapeutics, a California biotechnology company, on Jan. 31 and at least $1 million in Allogene stock on Feb. 18, according to Senate records.

She sold some earlier, and a hell of a lot more just days before the market started falling. That’s doesn’t seem just a little bit odd to you?

The article notes:

Inhofe also sold at least $50,000 in stock in an asset management company on Feb. 20, four days before the stock market crashed.

You’re still refusing to acknowledge reality. It’s fine. Remain in your tribal comfort zone. Ignore the crimes before you to focus on the red herrings the CEC demands you focus on.

And since you seem hell bent on caring only about Feinstein, please know that her husband had previously sold over $6,000,000 in shares of Allogene Therapeutics prior to these listed sales. All of these sales were prior to the crash as well. In Q4 of 2019. What does it all mean? :rofl:

Democrats are always above it all!!

Ok. :brown_heart:

1 Like

That’s not what I said or even tried to imply. My point is that of all of the people, both Republican and Democrat, that sold stocks prior to the market drop, ONLY Burr’s trading looks like a perfect case of insider trading.

Ironically, he is the ONLY one who you consistently ignore and refuse to discuss. Curious.

Feinstein is on the select committee on Intelligence. She’s not as informed as Burr?

What does that have to do with the topic at hand? Enough deflections. Do you see any problems with what Burr did or not?

Of course. I see problems with all of them. You listed his position earlier and used that as rationale for saying what he did was wrong. Feinstein is just as well connected and has been in the Senate for much longer. But nah, she just had good timing.

Throw them in the pit.

Again, you’re comparing apples and oranges. But you know that now. It’s about partisanship and whataboutism, rather than acknowledging the Grand Canyon sized gulf of differences between Feinstein and Burr’s situations.

One last time. Feinstein’s husband had been off loading Allogene Therapeutics for weeks and weeks and weeks prior to the handful of trades recently disclosed. Those current trades amounted to about $1.5MM. However, in Q4 of last year he had sold almost $6MM in shares of Allogene Therapeutics. It is OBVIOUS that he was specifically getting out of his position in Allogene Therapeutics for quite some time. Some of the sales even resulted in losses. All one company. Had been happening for months prior. And continued in the exact same trend. Also these amounts are a fraction of the total net worth of the Feinstein’s.

Can you understand the portion of this post listed above? One company. Trend lines extending well before any market volatility.

Now, there is Burr. His net worth is $2.1MM. He executed $1.7MM in stock trades and sales (virtually his ENTIRE net worth) only after receiving classified briefings on COVID-19. Not for weeks and months prior. Only AFTER being briefed. Immediately preceding the market downturn. And he executed the trades himself. Not through a blind trust. Personally. At the same time he was writing public opinion pieces declaring the panic as overblown and encouraging Americans to keep participating in the economy, which would arguably make his trades more profitable. At the same time in private he was warning the donor class of the perils about to befall the country.

Do you SERIOUSLY think these two situations are identical to one another? I mean…come on man.

6 Likes

Burr definitely seems like the crook here.

The question is - will all those pols circle around him, or will he get a slap on the wrist, or will he go to jail? (A country club jail, of course).

And keep his pension after he gets out, no doubt.

1 Like

Great questions. If we were not in a crisis then I suspect he would have the wagons circle and protect him. But because of the national awareness and concern sweeping the country, I think he may be screwed. Even hardcore right wing sources are out for blood. From Tucker Carlson to Charlie Kirk to Mike Cernovich. And several in between.

As an aside.

DON’T put them in jail.

DON’T put all the petty criminals in jail that we are currently putting in jail.

We have too many people in jail of all stripes in this country.

Punish them were it will hurt them bad.

Allow the courts to “disgorge” any money they may have either made or saved on the inside sales. And fine the ever loving hell out of them, a fine to be determined considering BOTH their net wealth and the magnitude of their sales.

We have too many people in jail. We need to be putting fewer people in jail, not more.

And a financial punishment is going to hurt these people FAR more than prison would.

3 Likes

By law, any Congressman convicted of a crime of public corruption automatically forfeits his Congressional pension, as well as any other federal government pensions, including military pensions.

True.