U.S. senator who knew about pandemic sold personal stocks

U.S. senator who knew about pandemic sold personal stocks

Sen. Feinstein also took to Twitter, saying, "Under Senate rules, I report my husband's financial transactions, I have no input into his decisions".

Burr, chairman of the Senate Intelligence Committee, sold between $628,000 and $1.7 million of his stocks on February 13.

Just days before, Burr penned a Fox News op-ed with Senator Lamar Alexander, writing that the country was "better prepared than ever before to face emerging public health threats".

Following the news of Sen. Richard Burr (R-N.C.), who dumped stock worth as much as $1.72 million on February 13, the Center for Responsive Politics discovered - a day after senators were scheduled for a private briefing on the virus with administration officials, following a similar private briefing on January 24.

FILE - Senator Richard Burr, a Republican from North Carolina, is seen during a hearing on Capitol Hill in Washington, Sept. 5, 2018. In a statement said added that decisions about her investments were made by "multiple third party advisors without [her or her husband's] knowledge or consent".

The reports on Burr, a respected Republican veteran of the Senate who is retiring in January, added fuel to accusations that Trump and the USA leadership knew of the serious threat but delayed action that could have curbed the spread of infections. Reps. Joaquin Castro, D-Texas, and Alexandria Ocasio-Cortez, D-NY, have said Burr's sock selloff needs to be examined.

Loeffler and her husband offloaded anywhere between about $1.1 million and $2.8 million in stock in January and February from their extensive investment portfolio. Even so, Loeffler is going to need a rock-solid defense or she's in real trouble, if not legally then at least in her effort to win the Senate seat she was appointed to in December.

The freshman congresswoman also called on Sen.

The stocks that were sold have lost an average value of approximately 32% - losses Loeffler and her husband avoided - from the date they were sold to their closing price on Thursday, according to a CNN analysis.

Burr's committee has been receiving daily updates on the outbreak. "If the evidence suggests they engaged in insider trading, they should be charged and stand trial". Most of the stocks were in hotel and resort companies.

"I know all of them, I know everyone mentioned", he said. "If you trade with inside info to enrich yourself during a crisis you are a disgrace".

"He had inside information about what could happen to our country, which is now happening". "But he didn't warn the public". Now, maybe there's an honest explanation for what he did.

So at worst, these lawmakers learned about the dangers knocking at America's door and their instinct was to dump their stocks, buy new stocks in areas that would make them more money the worse things got for the rest of us.

John Ross, a senior fellow of the Chongyang Institute at Renmin University of China, joined Radio Sputnik's Political Misfits on Friday to discuss the allegations of insider trading and offer expert advice on how the administration of US President Donald Trump can lessen the inevitable death toll from the novel coronavirus in the states.

Fox News host Tucker Carlson has also come out as a conservative voice calling for Burr to be probed. "This behavior is rancid".

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