Maybe. But Carlson is an outlier on economic policy within the Fox universe - he’s a populist, he believes in economic regulation and he’s praised Elizabeth Warren’s economic policies.
He’s still a nasty racist asshole, but he does manage to be right about of a couple of things.
We have a simple, traditional way to adjudge Sen Burr’s probity. Bind him and toss him in a pond. If innocent, he sinks. If guilty, he floats and can be pitchforked. Easy-peasy.
I bet NC GOP is probably already thinking of who they might pick if he decides to quit.
You would have to compensate government official a lot better to impose that sort of restriction on them. I know some people who have to file financial disclosures on a quarterly basis and they steadfastly avoid buying individual stocks particularly in industries that has dealing with their agency but how do you prevent them from selling their S&P 500 mutual fund and investing in bond funds when they see reports of how virulent COVID19 is?
You require blind trusts for elected officials?
I don’t think blind trusts are necessary, but there should be extremely robust laws banning this kind of insider-knowledge trading, with examples made of any public officials who violate it.
You mean like the STOCK Act?
The problem is not that we do not have laws that cover this. The problem is the people who need to prosecute such people won’t do it. I do not know if such a case would originate at the SEC or with William Barr’s office but neither is likely to even start looking at this. Hell, Barr is more likely to pat him on the back and give him an “attaboy.”
If Barr were to pursue any prosecution it would probably be because he wasn’t cut in for a piece of the action.
Excellent!
Maybe, or it could be because he’s too busy:
Loeffler’s husband is the chairman of the New York Stock Exchange. Is it required of him to have a blind trust? She is claiming that their assists are in a trust and she wasn’t even informed of the sales until 3 weeks after it happened. Maybe it can be proven, I don’t know.
The amount she sold is more than I could use in my lifetime but it’s a drop in the bucket compared to their net worth which is something like $750 million.
he got sued over the stock sale
That’s great news. I see the suit was brought by someone who owned shares in the stock that Burr sold off.
FBI and SEC looking into the sales
FBI, SEC looking into lawmakers' stock trades after coronavirus briefings: report - MarketWatch
I see that North Carolina requires that an interim appointment to the Senate must be of the same party as the departed Senator.
I wonder, if Burr departs, whether Democratic Governor Roy Cooper could just invoke the McConnell rule and decide that it is wrong to appoint a successor in an election year, and just leave Burr’s Republican seat vacant for the next few months. Or years.
True it would have to be a Republican to replace Burr, but only until the next statewide general election (ie November) and the person elected then only serves out the remainder of the leaving Senator’s term (in order to stay on schedule), which for Burr’s cohort would be 2022.
Her husband’s trust buys and sells a lot of stock, quite often. The trade talked about wasnt unusual, and he did not dump all his stocks liek several GOP members did.
It was normal trading. Stocks are bought and sold every day, why should they be any different? What is unusual is for someone to dump all their stock holding.
There was nothing wrong nor unusual with the Feinstein trade, despite the GOP’s attempt to “whatabout” it .
Anyone who knows anything about the market would not raise a eyebrow at that trade.
Couldn’t Cooper just appoint a very, very moderate Republican?
I can re-register as a Republican if the country demands it.
Or even better, see if Roy Moore wants to move to NC for a few months.