Republican senators sold stocks before markets plunged

Difficult to chose. I'll go for "just-plain-dumb". Feel better now?

There WAS advanced knowledge of the virus from China. From here: NYT:

Of course, I cannot speak for China, but the first attention by Dr Li (who has died subsequently) correctly identified from a patient the signs of the CV-19 virus. He was subsequently sequestered by the Chinese authorities for creating an "unwarranted commotion" when-the-fit-hit-the-shan by mid-January. He died on the 30th of that month.

We are now three months later and Uncle Sam is just getting his ass-in-gear. And we started "lock-down" (reclusion) in France on Sunday last.

Since early January, we-the-sheeple, have not understood the magnitude of what has happened. And, I for one, blame the Chinese

Dammit! The Chinese had had already had one epidemic (called SARS) that happened at the turn-of-the-century - read here: Severe acute respiratory syndrome - excerpt:

Why did it take almost a month before the West woke up to the potential threat that had occured in Wuhan during February*? That we are now (yet another month further) finally attempting to control because it has long since escaped its birthplace!

No, I am not trying to blame anybody. We humans take time to react to threats. Which is a bit of a shame because the delay costs lives that need not have been taken ...

*Attributable to the Chinese authorities who dislike immensely any bad-news coming out of China.

 

For once I agree with Carlson;

“There is no greater moral crime than betraying your country in a time of crisis, and that appears to be what happened,” Carlson said."

https://www.huffpost.com/entry/lock-them-up-senators-stock-sales_n_5e7468d7c5b6f5b7c5419a55

 

Ah . . . the blind trust excuse, which just happens to coincide with insider trading information possessed by herself and her fellow senators. I suspect that this time she won't get to skate without consequences. If nothing else I foresee early retirement for the revered Dem Party senator.

 

So did Feinstein and Schumer threaten SC justices

Both parties are crooked gangsters and the USA is a BANANA Republic.
This nation is a joke

 

Senator saved million lol

Why I lost 70 grand

 

Trump has done a superb job in every way. If he gets elected : the USA will be far better; if not, then Biden will turn this nation into a living hell of 5th World

 

Personally If I was Trump... I would not even want a 2nd term and just retire to Florida and play Golf.

Being POTUS is not worth the stress

 

To be a democrat, this is a proud day, because no democrat politician would ever do something like this, because they work for the peo................oh wait, crap never mind.

 

I do indeed.

Trump declared a health emergency and a travel ban from China on Jan 1st. Europe is doing worse than the US because it didn't.

I know that my state has declared a "lock down" and several other states have. So we are not so far behind France.

As to why the West took so long, I read one commentator who suggested that the West considers China a third world country where these sorts of things happen but don't happen here.

SARS and MERS and Ebola didn't really affect the US or Europe very much, adding to the complacency.

 

That is not the whole truth. See here, from Vox: The Trump administration’s botched coronavirus response

This administration ineptly wavers on all such questions, because Donald Dork is incompetent as a PotUS ...

 

Nobody's laughing ...

 

I dont. Feinstein funds are in a blind-trust.

And so did a great many non-politicians do the same. Many fund-managers saw what was happening market-wise BEFORE it happened. Calling that shot was no great feat of artful fund-management!

Duhhhhhhhhhhh ....

 

WHAT ADVANCED KNOWLEDGE?

There was such an "advance knowledge" and it came from China! It was called SARS - read about it here: Severe acute respiratory syndrome - Wikipedia

This current epidemic outbreak is nothing really new ...

 

Of course not - and as I have repetitively said in this forum: People with BigMoney don't management it ... !

There were a good many of Wall Street Fund Managers who sold the portfolios of their clients because they had seen simply and clearly what was going to happen.

(I got out of stocks a long, long time ago. Going to a race-track has both the same negative payback, but it's a lot more interesting!)

 

Wow, sounds much like a "group insult"

 

I starting buying gold again in early january because of the coronavirus. I don't see why Barr or Feinstein would've needed 'insider' information to decide to sell stocks because of it

 

What's a joke are one-liners like yours above.

You don't know HOW this country is run but you think you have a valid opinion when posting on a DEBATE forum.

Look, all the politicians know that they will have the privilege of indulging in some "insider information". In one way or another, they deal with it often. That is part of the "business" side of any elected-position in either State or National governance.

So, to avoid any problems of a conflictual nature, they put their wealth into management by professionals in "blind trusts". Where all investment decisions are made by trust-professionals. (There are some ground-rules that are typical of such Trusts to assure that the wealth is not employed improperly and they are set into the contract signed!)

Worry about your own wealth ... !

 

Did you forget Dianne Feinstein (D-CA)?

https://www.nbcnewyork.com/news/pol...efore-market-losses-from-virus-began/2335530/

 

So you condone criminal behavior ..wow

 

So, you have no idea at all of what constitutes Criminal Behavior!

Wow ... ! (Ask me why I'm not surprised.)

 

Twitter, twit, definition here:

A word to the wise is sufficient, but a word to a twit is useless.

No wonder that site is so popular ...

 

Your sentiment does not just reveal your contempt for insider trading....but your contempt for Capitalism as well. I have been a small, long term investor in stocks. It has always been my dream to, as many other Americans, to by low and sell high. It is far trickier than one can assume. I would not be good at it. Of course inside information is corrupt and should be challenges and punished. It does appear that Senator Loeffler, did the right thing and allowed professionals that look into things full time to handle her investments. Through their expertise with some luck, she profited. You don't like that. Your Socialist sentiments would attack anyone that gets ahead.

 

I have no contempt whatsoever with Capitalism per se. It is the key attribute of any economy and is certainly ONE HELLUVA LOT BETTER than its predecessor - which was barter.

I have a great dislike with any political-system by which unfairness occurs. And America has not yet learned that its Key Parameter is to designe and maintain a Fair Economy. What might be unfair? Income Disparity is the key parameter when it comes to answering that question.

The US today is one of the most unfair of developed economies. Howzat?

Here's how, the measure being Income Unfairness, it looks at the OECD (a collection of the world's richest economies). Which translates into this:


And how does American wealth look-like if broken down by component (Net Worth, and Wealth)? Like this:




Which does not mean that wealth should be shared equally amongst all citizens. (That was Communism, and we've seen were that got both Russia and China.)

But the distribution bottom-to-top should show a spread of individual Wealth that is more fair and equitable ...

 

Burr needs to be removed from his Intel Chairmanship at the very least...and Kelly Lefleur from Florida?'

She sold off HER stock and put it all in medical stocks...course it had nothing to do with a coming pandemic...right?

 

Yeah Insider Trading can be a very Profitable SCAM.

These TOP REPUBLICANS are a Disgrace.

Why haven't members of the GOP been calling for their resignations?

Especially with 2 People (Burr and Loeffler) who are The FACE of the GOP?

TOP Republicans? Wow. :smh: