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Senators Dumped Millions $$$ of Stock After Reassuring Public About Coronavirus Preparedness
You knew some would take advantage but if these dumb congressmen did not have the sense to do it before being brief than they need to go. There double idiots.Just think how many did this on their own before wall street collapse, only the little people pay taxes and invest their 401ks into oblivion.
serf
Four senators are scrambling to explain why they sold stocks after
nonpublic briefings in January on the threat of the coronavirus.
Facing calls for his resignation for selling as much as $1.72 million in stocks weeks before the market crashed, the Senate Intelligence Committee chair Sen. Richard Burr (R-NC) asked congressional investigators to probe whether his actions amounted to insider trading.
Comments
I dumped the balance of my index funds as the virus was starting to gain attention. To my knowledge, I was not privy to any insider info.
dumped half last year when the Dow crossed 29,000, and other half in late January/early February IIRC.
There are more important things to get worked up about than people maki g a logical investment decision.
Brad Steele
Will never happen, but there needs to be some people going to jail.
At the very least - You lose your job/position.