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  #51  
Old 03-20-2020, 04:46 AM
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To be fair Dianne Feinstein also on the intelligence committee is reported to have unloaded stocks, regardless I hope they all get nailed to the fucking wall for this!
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  #52  
Old 03-20-2020, 04:49 AM
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To be fair Dianne Feinstein also on the intelligence committee is reported to have unloaded stocks, regardless I hope they all get nailed to the fucking wall for this!
Feinstein has been the "lesser evil" of California politics since before I was born. If this takes her down, a better Democrat will almost definitely take her place.
  #53  
Old 03-20-2020, 05:38 AM
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It's more appalling this time because human lives are at stake.

But let's be honest guys, insider trading isn't just a republican thing.

#Nancy Pelosi and about 80% of congress-critters.
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  #54  
Old 03-20-2020, 07:29 AM
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I'm now fully prepared to support funding Trump's wall.


I'll even throw in blindfolds and some smokes to round out the purchase.
  #55  
Old 03-20-2020, 07:40 AM
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I'm now fully prepared to support funding Trump's wall.


I'll even throw in blindfolds and some smokes to round out the purchase.


Better secure the ammo soon -- I've heard that's been flying off the shelves (no joke).
  #56  
Old 03-20-2020, 07:43 AM
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Sen. Richard Burr, who sold stock before pandemic, voted in 2012 against banning insider trading for Congress
Quote:
Sen. Richard Burr (R-N.C.) thought little of the 2012 bill that would ban insider trading for Congress, congressional staff and other federal officials.

“It’s ludicrous,” Burr said in a February 2012 radio interview about the Stop Trading on Congressional Knowledge (Stock) Act.

The bill, aimed at prohibiting stock trading based on nonpublic information gleaned on Capitol Hill, overwhelmingly passed in the Senate by a 96-to-3 vote before being signed into law by President Barack Obama. Burr, one of the three senators to vote against the measure, described himself as a “brave soul” for going against the bill, according to a transcript of the radio interview posted to his Senate website.

“I mean, it’s insane,” he said of the insider-trading legislation for members of Congress.

His sentiments from eight years ago have become relevant again after Thursday’s report that Burr sold a significant share of his stocks last month before the coronavirus outbreak upended the markets.
....
I guess that's what's called "walking the talk."
  #57  
Old 03-20-2020, 08:19 AM
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Another rat leaving the sinking ship:
Quote:
Sen. Kelly Loeffler (R-GA) reported the first sale of stock jointly owned by her and her husband on Jan. 24, the very day that her committee, the Senate Health Committee hosted a private, all-senators briefing.
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  #58  
Old 03-20-2020, 08:22 AM
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The most obvious ones from the sources I follow are:

(Links go to tweets with pictures of the filings as well as a link to the specific search if you want to do the research yourself.)

Burr (NC), R
Loeffler (GA), R
Purdue (GA), R: https://twitter.com/File411/status/1...212234753?s=20
Inhofe (OK), R: https://twitter.com/File411/status/1...135253504?s=20
Boozman (AR), R: https://twitter.com/File411/status/1...118719489?s=20
Moran (KS), R: https://twitter.com/File411/status/1...181498885?s=20
Roberts (KS), R: https://twitter.com/File411/status/1...214152192?s=20
Feinstein (CA), D: https://twitter.com/File411/status/1...370237440?s=20 https://twitter.com/File411/status/1...082739200?s=20 https://twitter.com/File411/status/1...884406784?s=20
Carper (DE), D: https://twitter.com/File411/status/1...635022850?s=20 (Possible - these sales are marked automated)
Blumenthal (CT), D: https://twitter.com/File411/status/1...337125888?s=20

Both Idaho Senators filed for an extension in submitting the same filings: https://twitter.com/File411/status/1...588198913?s=20

The criteria used was "any out of cycle financial report". This source has not dug into the in-cycle financial reports - anyone with a link to such a source would be greatly appreciated.

#InsiderTraitoring
  #59  
Old 03-20-2020, 08:23 AM
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Originally Posted by pool View Post
To be fair Dianne Feinstein also on the intelligence committee is reported to have unloaded stocks, regardless I hope they all get nailed to the fucking wall for this!
About that attempt to tie her in with those Republicans: Barrons reports that it was her husband that sold off biotech stock.
Quote:
Sen. Dianne Feinstein disclosed that her husband, Richard C. Blum, sold a biotech stock in January, when it was trading near its 2020 intraday lows.
Blum, the founder and head of investment firm Blum Capital Partners, sold $500,001 to $1 million in Allogene Therapeutics stock (ticker: ALLO) on Jan. 31, according to a form the senator filed with the Secretary of the Senate. Specific values aren’t required for disclosure, only ranges.
. Biotech stock is something one would want to invest in if one thought a pandemic was possible, but
Quote:
The day that Blum sold Allogene stock, shares of the cancer researcher traded for as low as $21.28, just above the current 2020 intraday low of $21.25, which was set the next trading day, Feb. 1. Since then, however, Allogene stock has been rising, closing Friday at $27.00 for a year-to-date gain of 3.9%, while the S&P 500 index, a proxy for the broader market, has fallen 8.6%. Last year, Allogene stock slipped 3.5% while the S&P 500 rose 28.9%.
  #60  
Old 03-20-2020, 08:24 AM
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The most obvious ones from the sources I follow are:

(Links go to tweets with pictures of the filings as well as a link to the specific search if you want to do the research yourself.)

Burr (NC), R
Loeffler (GA), R
Purdue (GA), R: https://twitter.com/File411/status/1...212234753?s=20
Inhofe (OK), R: https://twitter.com/File411/status/1...135253504?s=20
Boozman (AR), R: https://twitter.com/File411/status/1...118719489?s=20
Moran (KS), R: https://twitter.com/File411/status/1...181498885?s=20
Roberts (KS), R: https://twitter.com/File411/status/1...214152192?s=20
Feinstein (CA), D: https://twitter.com/File411/status/1...370237440?s=20 https://twitter.com/File411/status/1...082739200?s=20 https://twitter.com/File411/status/1...884406784?s=20
Carper (DE), D: https://twitter.com/File411/status/1...635022850?s=20 (Possible - these sales are marked automated)
Blumenthal (CT), D: https://twitter.com/File411/status/1...337125888?s=20

Both Idaho Senators filed for an extension in submitting the same filings: https://twitter.com/File411/status/1...588198913?s=20

The criteria used was "any out of cycle financial report". This source has not dug into the in-cycle financial reports - anyone with a link to such a source would be greatly appreciated.

#InsiderTraitoring
  #61  
Old 03-20-2020, 08:32 AM
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To be fair Dianne Feinstein also on the intelligence committee is reported to have unloaded stocks, regardless I hope they all get nailed to the fucking wall for this!
Just prefacing something with the words, "To be fair," doesn't actually make it fair.

Feinstein's husband did make a single large stock transaction around that time, but there's no reason to believe that that's related. Her husband is Richard Blum, founder of Blum Capital Partners, and he makes large transactions like that all the time. Furthermore, Feinstein wasn't publicly stating that coronavirus was nothing to worry about.

Contrast that with Burr, Inhofe, and Loeffler who all sold a wide range of stocks while in public stating that Trump had things under control and that Democrats were blowing things out of proportion for political gain.
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Old 03-20-2020, 08:35 AM
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Somehow, my first DP experience wasn't as awesome as I was lead to believe. New topic: Does Porn Lie?
  #63  
Old 03-20-2020, 08:56 AM
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Better secure the ammo soon -- I've heard that's been flying off the shelves (no joke).
Unless you're of Asian decent and residing in Minnesota. Spoke to a friend who went to buy ammo and the price had more than doubled for him. Just for him.
  #64  
Old 03-20-2020, 09:11 AM
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There were rumors Burr was going to retire rather than run for re-election, because he wasn't totally in lock-step with Trump. Given how NC was a cesspit of GOP corruption before Trump anyway, I think he was already planning a stock dump before leaving office. He just did it a lot sooner than he planned.
  #65  
Old 03-20-2020, 09:19 AM
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There were rumors Burr was going to retire rather than run for re-election, because he wasn't totally in lock-step with Trump. Given how NC was a cesspit of GOP corruption before Trump anyway, I think he was already planning a stock dump before leaving office. He just did it a lot sooner than he planned.
He announced he would not seek reelection in 2022 back in July of 2016.

Also, I what way does it make sense to dump stock before leaving office? Like, why would he have been planning to do this?
  #66  
Old 03-20-2020, 09:34 AM
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Obama did it first
Fake News
Hillary would be worse. BENGHAZI! EMAILS!
Biden has dementia
It's just smart business. You're just jealous


"The Dow would have been so low they couldn't have dumped stock if they wanted to!"
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  #67  
Old 03-20-2020, 09:42 AM
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I'm now fully prepared to support funding Trump's wall.


I'll even throw in blindfolds and some smokes to round out the purchase.
Nah, I want him to live a long, long time.

In Gitmo.
  #68  
Old 03-20-2020, 10:37 AM
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Unrelated, but corporate whore Nikki Haley decides that she cannot in good conscience remain on Boeing's board.

It's just good to know that she was able to offer such great corporate guidance and governance as Boeing knowingly launched an aircraft with fatal design flaws, and with so many other flaws that it has remained grounded for a year.

And it's also good to know that her conscience empowered her to oppose corporate stock buybacks in an attempt to artificially jack up the stock - with borrowed money, no less. Oh wait -
  #69  
Old 03-20-2020, 11:28 AM
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Unrelated, but corporate whore Nikki Haley decides that she cannot in good conscience remain on Boeing's board.

It's just good to know that she was able to offer such great corporate guidance and governance as Boeing knowingly launched an aircraft with fatal design flaws, and with so many other flaws that it has remained grounded for a year.

And it's also good to know that her conscience empowered her to oppose corporate stock buybacks in an attempt to artificially jack up the stock - with borrowed money, no less. Oh wait -
"Conscience"??? BWAHAHAHA! ROFLMAO!
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Old 03-20-2020, 12:18 PM
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Just prefacing something with the words, "To be fair," doesn't actually make it fair.

Feinstein's husband did make a single large stock transaction around that time, but there's no reason to believe that that's related. Her husband is Richard Blum, founder of Blum Capital Partners, and he makes large transactions like that all the time. Furthermore, Feinstein wasn't publicly stating that coronavirus was nothing to worry about.

Contrast that with Burr, Inhofe, and Loeffler who all sold a wide range of stocks while in public stating that Trump had things under control and that Democrats were blowing things out of proportion for political gain.
So you think it's just coincidence that the guy she's fucking knew when to sell stocks, God you're cute, isn't that the same excuse that Loeffler is making, that it was her husband or something. It's not a partisan thing they're all crooked, and I hope they all go down, and go down hard.
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Last edited by pool; 03-20-2020 at 12:20 PM.
  #71  
Old 03-20-2020, 12:18 PM
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"Conscience"??? BWAHAHAHA! ROFLMAO!
I also take this as a sign that Haley has political ambitions and envisions the possibility of having to explain corporate bailouts on her record. She probably won't mind that bailout now that she's off the board. I doubt she dumps her stock.
  #72  
Old 03-20-2020, 12:25 PM
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So you think it's just coincidence that the guy she's fucking knew when to sell stocks
He didn't know when to sell it because it went up 25% after he sold it.

Can the Republicans get supporters with functioning brains, please? This shit's boring.
  #73  
Old 03-20-2020, 12:31 PM
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The trash need it to be BUT BOTH SIDES HURR DURR.
  #74  
Old 03-20-2020, 01:26 PM
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Per susan's post #28, how bout upside down at a gas station?
  #75  
Old 03-20-2020, 02:44 PM
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Can the Republicans get supporters with functioning brains, please?
What is the Republican platform offering to anybody with a functioning brain?

The only rational reason to be a Republican is to take advantage of the opportunities to take care of yourself. Richard Burr is one of the smart Republicans. The dumb Republicans are all of the suckers who vote for people like Burr despite not getting a piece of the action.
  #76  
Old 03-20-2020, 03:11 PM
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LOL, who's going to prosecute him? The Bill Barr "Justice" Department? Hell, he was probably right in line behind Burr. All they have to do -- and I do mean ALL they have to do -- is tickle Trump's tonsils from the lower entrance up, and they are safe from any lawful prosecution.
Anyone know what the statute of limitations is for insider trading?
  #77  
Old 03-20-2020, 03:16 PM
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Can you prove insider trading?
  #78  
Old 03-20-2020, 03:35 PM
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Can you prove insider trading?
To quote myself from another thread:

BWAHAHAHAHA!!!
  #79  
Old 03-20-2020, 03:36 PM
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^^^Well the media (including CNN) are saying there is no evidence of it.
So I'm supposed to believe a bunch of folks at some message board over them?

Last edited by TheCuse; 03-20-2020 at 03:37 PM.
  #80  
Old 03-20-2020, 03:45 PM
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^^^Well the media (including CNN) are saying there is no evidence of it.
So I'm supposed to believe a bunch of folks at some message board over them?
Noooo... you're supposed to look around, open your eyes, and use your common sense, mmm k?
  #81  
Old 03-20-2020, 04:00 PM
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I'll wait for more info to come out, thanks.
  #82  
Old 03-20-2020, 04:07 PM
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That's right, we should have a scrupulously fair trial before we hang them.
  #83  
Old 03-20-2020, 04:26 PM
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Can you prove insider trading?
I can’t but it’s okay since I’m not a federal prosecutor. I’m sure they won’t find it difficult.
  #84  
Old 03-20-2020, 04:29 PM
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I'm not one either.
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Old 03-20-2020, 05:42 PM
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New York Times editorial:
Profiting from a Pandemic?
At least two senators engaged in suspiciously timed stock sales. All stock trades by members of Congress should be barred.
Quote:
...Richard Burr, Republican of North Carolina, and Kelly Loeffler, Republican of Georgia, are in the hot seat this week, facing questions about whether they misused their positions to shield their personal finances from the economic fallout of the pandemic, even as they misled the public about the severity of the crisis. According to analyses of their disclosure reports filed with the Senate, the lawmakers each unloaded major stock holdings during the same period they were receiving closed-door briefings about the looming pandemic.

These briefings were occurring when much of the public still had a poor grasp of the virus, in part because President Trump and many Republican officials were still publicly playing down the threat. Instead of raising their voices to prepare Americans for what was to come, Mr. Burr and Ms. Loeffler prioritized their stock portfolios, in a rank betrayal of the public trust — and possibly in violation of the law.

It is unclear precisely what information about the pandemic either Mr. Burr or Ms. Loeffler received in the briefings before their stock sales. But any use of nonpublic information in guiding such dealings would have been not only unethical but almost certainly illegal. Lawmakers and their aides are explicitly barred from using nonpublic information for trades by the STOCK Act of 2012 (the acronym stands for Stop Trading on Congressional Knowledge). Mr. Burr of all people should know this, since he was one of only three senators to vote against the bill.

As chairman of the Intelligence Committee, Mr. Burr is privy to classified information about threats to America’s security. In February, his committee was receiving regular briefings about the coronavirus. He is also a member of the Health Committee, which, on Jan. 24, co-sponsored a private coronavirus briefing by top administration officials for all senators.

On Feb. 13, Mr. Burr began a series of stock sales, according to an investigation by ProPublica, which found that, in 33 separate transactions, he unloaded “between $628,000 and $1.72 million of his holdings,” including significant investments in three hotel chains. Unlike his previous disclosure reports, which showed a mix of selling and buying, these transactions were all sales.
....
New York Times opinion piece:
They. Sold. Their. Stock.
They could have made a difference, but they made a profit.
Quote:
On Jan. 24, Richard Burr, a Republican senator from North Carolina, attended a private Senate briefing from senior government scientists about the seriousness of the coronavirus. Kelly Loeffler, a Republican senator from Georgia, received the same briefing.

At the time, many Americans did not yet understand the danger that the virus posed. The same day as the briefing, President Trump — in one of his many attempts over the past two months to make the virus seem like a frivolous matter — tweeted, “It will all work out well.”

Given the disconnect between what they knew and the public’s understanding, Burr and Loeffler had an opportunity to sound the alarm. They could have broken ranks with other congressional Republicans and told the country to take the situation more seriously. They could have criticized Trump for not doing more. Such criticism, coming from Trump’s own party, would have received major attention. It would have had the potential to alter Trump administration policy and, by extension, the course the disease took.

But Burr and Loeffler did virtually nothing to protect the health and safety of their constituents or of Americans in other states. (Burr went so far as to co-write an article for FoxNews.com bragging about the country’s readiness.) Here’s what the two senators did instead: They sold large amounts of their personal stock holdings, cashing in before the market sharply declined, as the severity of the virus became apparent to everyone.

The Daily Beast broke the story of Loeffler’s trades, which added up to between $1.2 million and $3.1 million. She started selling the shares the same day as the briefing. She also bought “between $100,000 and $250,000 in Citrix, a technology company that offers teleworking software” and whose share price has risen since the crisis began, The Daily Beast’s Lachlan Markay, William Bredderman and Sam Brodey write.
...

Tucker Carlson, Fox News:
  • [Burr] had inside information about what could happen to our country, which is now happening, but he didn’t warn the public. He didn’t give a prime-time address. He didn’t go on television to sound the alarm. He didn’t even disavow an op-ed he’d written just 10 days before claiming America was ‘better prepared than ever’ for coronavirus. He didn’t do any of those things. Instead, what did he do? He dumped his shares in hotel stocks so he wouldn’t lose money, and then he stayed silent. Now maybe there’s an honest explanation for what he did. If there is, he should share it with the rest of us immediately. Otherwise, he must resign from the Senate
….
As sentient adults, we are permitted, even encouraged, to seek information from trusted sources and make up our own minds. Or we can just keep saying over and over, "Ya can't prove it! Nya-nya-nya!" and wait for someone else to tell us what to believe. Anyway, this isn't a courtroom. No one is going to the gas chamber. Opinions are okay to have and to express.

A certain segment of the population doesn't trust the New York Times, but I do. Note that even the Fox News guy is pissed off at this.
  #86  
Old 03-20-2020, 05:59 PM
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So you think it's just coincidence that the guy she's fucking knew when to sell stocks, God you're cute, isn't that the same excuse that Loeffler is making, that it was her husband or something. It's not a partisan thing they're all crooked, and I hope they all go down, and go down hard.
You are one crude and stupid little shit, aint'cha? The man sold off biotech stock when it was low, right before a pandemic, and it started rising right after that.

Last edited by Czarcasm; 03-20-2020 at 06:01 PM.
  #87  
Old 03-20-2020, 05:59 PM
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Can we stop calling them the GOP? There's been so much change, it really doesn't fit the party anymore.
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Old 03-20-2020, 06:06 PM
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KInda fits that Bush, fils should be the last true GOP pres.
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Last edited by RivkahChaya; 03-20-2020 at 06:09 PM.
  #89  
Old 03-20-2020, 07:24 PM
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Plenty of people have questions about Burr's acts, not just a few Dopers.

Sen. Burr asks ethics panel for review of his stock sales
https://www.washingtonpost.com/polit...2cc_story.html
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Old 03-20-2020, 08:39 PM
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So you think it's just coincidence that the guy she's fucking knew when to sell stocks, God you're cute, isn't that the same excuse that Loeffler is making, that it was her husband or something. It's not a partisan thing they're all crooked, and I hope they all go down, and go down hard.
You're a fucking idiot, but you're right about one thing. I am pretty cute.
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Old 03-20-2020, 10:07 PM
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Since January 28, Feinstein’s investment banker husband, Richard Blum, has twice sold stock in San Francisco-based Allogene Therapeutics, according to disclosure forms. The couple’s sales in the company total between $1.5 million and $6 million. On February 18, the day Blum and Feinstein sold between $1 million and $5 million in stock in the company, its share price closed at $23.20; it currently sits at $20.58 after hitting a low of $18.26 earlier this week, according to Yahoo.
The stock is currently $19.25, the stock is down, it's really irrelevant anyway you have to look at the long trend not day-to-day ups and downs. And also it's not unlikely someone would pull their money from the stock market to invest in something else if they knew hard times were coming.

As far as what I've read right now the only one I'm comfortable saying is guilty as hell at this point is Burr but I think they should all be looked into and investigated. I think there are crooked types on both sides of the political divide and it's naive to pretend it's only the GOP.

Regardless Feinstein is a crooked piece of scum who works vicariously through her husband from wiki:


Blum's wife, Senator Dianne Feinstein, has received scrutiny due to her husband's government contracts and extensive business dealings with China and her past votes on trade issues with the country. Blum has denied any wrongdoing.[13] URS Corp, which Blum had a substantial stake in, bought EG&G, a leading provider of technical services and management to the U.S. military, from The Carlyle Group in 2002; EG&G subsequently won a $600m defense contract.[3]

Blum and his wife have also received significant scrutiny and criticism due to his 75% stake in contractor Tutor Perini which received hundreds of millions to billions of dollars in military contracts in Iraq and Afghanistan during the US occupation of those countries.[14][15] Critics have argued that business contracts with the US government awarded to a company controlled by Blum raise a potential conflict-of-interest issue with the voting and policy activities of his wife.[16]
In 2009, Feinstein introduced legislation to provide $25 billion in taxpayer money to the Federal Deposit Insurance Corp, a government agency that had recently awarded her husband's real estate firm, CB Richard Ellis, what the Washington Times called "a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms."[17]

By all means go ahead and defend her.
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  #92  
Old 03-20-2020, 10:50 PM
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Can we stop calling them the GOP? There's been so much change, it really doesn't fit the party anymore.
GOP is a fine name, just capitalize it as Gop, pronounced like it appears, maybe call Republicans the “Goppers”. “Did you heard the latest whopper from the Top Gopper?”
  #93  
Old 03-20-2020, 11:04 PM
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KInda fits that Bush, fils should be the last true GOP pres.
Don't you mean Eisenhower?
  #94  
Old 03-21-2020, 04:32 AM
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Can we stop calling them the GOP? There's been so much change, it really doesn't fit the party anymore.
I think Grand Old Peckerheads suits them just fine.
  #95  
Old 03-21-2020, 10:43 AM
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I will fill in:

"What laws exactly did Burr break? Please cite the relevant statute. Until you can do so, we must assume that Burr is of exemplary character."
Likely candidate: the STOCK Act of 2012. It stands for "Stop Trading On Congressional Knowledge".

As a side note: Burr voted against it at the time, although it did pass.
  #96  
Old 03-21-2020, 11:00 AM
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I can’t but it’s okay since I’m not a federal prosecutor. I’m sure they won’t find it difficult.
The will certainly find it difficult with Bill (Belongs Behind) Barr(s) running interference.
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  #97  
Old 03-21-2020, 11:12 AM
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Likely candidate: the STOCK Act of 2012. It stands for "Stop Trading On Congressional Knowledge".

As a side note: Burr voted against it at the time, although it did pass.
Gee, it’s almost like you read the third post in this thread.
  #98  
Old 03-21-2020, 11:20 AM
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Although Republicans, are, as we know, vermin, most of the accused have been more or less exonerated (NOT Burr).
  #99  
Old 03-21-2020, 11:54 AM
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I'm opposed to the death penalty in all cases; I think it's barbaric and corrosive.

Some people do deserve it, though, even though I would never in any way support actually carrying out the execution, Richard Burr deserves to be executed. This is as bad as treason.
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  #100  
Old 03-23-2020, 03:56 AM
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Gee, it’s almost like you read the third post in this thread.
What - read all posts in threads before responding? Do you think I'm made of money?
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