Two US Senators Dumped Stock After Reassuring Public About Coronavirus Preparedness
- Thread starter Breh13
- Start date
Lie to the public about the severity of CoronaVirus?He did the right thing
He’ll be getting a fed charge soon
Yet Be unaware of the damage it caused in other countries
Sorry but I'm not looking at the Gov to give me info when I have a phone filled with nonstop news
Also if u cant keep up with the market then stocks is not for u
ThrobbingHood
“I’m Sorry for 2025”
What he did is illegal.
“It’s a big club, and you ain’t in it.”he also warned a bunch of millionaires to do the same in private.
fukkin republicans
Insider traders never ever learn
dude barely tried to do that shyt on the low like no one would notice. lol @ 29 separate transactions.
Yeah, that's an illegal move, breh. And he warned all of his buddies about the Coronavirus back when Trump was still officially saying it was a hoax, and would just go away. All these people are fukking trash. Lock em up.
Senator Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness
Intelligence Chair Richard Burr’s selloff came around the time he was receiving daily briefings on the health threat.
by Robert Faturechi and Derek Willis
March 19, 5:01 p.m. EDT
Sen. Richard Burr, R-N.C., reassured the public about coronavirus preparedness and then soon dumped stocks. (Bill Clark/CQ-Roll Call, Inc via Getty Images)
Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.
As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.
A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.
On Thursday, Burr came under fire after NPR obtained a secret recording from Feb. 27, in which the lawmaker gave a VIP group at an exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public.
Burr is not a particularly wealthy member of the Senate: Roll Call estimated his net worth at $1.7 million in 2018, indicating that the February sales significantly shaped his financial fortunes and spared him from some of the pain that many Americans are now facing.
He was one of the authors of the Pandemic and All-Hazards Preparedness Act, which shapes the nation’s response to public health threats like the coronavirus. Burr’s office did not respond to requests for comment about what sort of briefing materials, if any, on the coronavirus threat Burr may have seen as chair of the intelligence committee before his selling spree.
His biggest sales included companies that are among the most vulnerable to an economic slowdown. He dumped up to $150,000 worth of shares of Wyndham Hotels and Resorts, a chain based in the United States that has lost two-thirds of its value. And he sold up to $100,000 of shares of Extended Stay America, an economy hospitality chain. Shares of that company are now worth less than half of what they did at the time Burr sold.
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i sold all my personal stocks right before the market tanked because i knew it was coming without being in a damn secret meeting.
i don't need no republicans
