FBI serves warrant on Senator Burr
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This is my face. Behold how shocked it is:
Under the STOCK Act, lawmakers are required to disclose their stock market activity but are still allowed to own stock, even in industries they might oversee.
The law passed the Senate in 2012 in a 96-3 vote. Among the three senators to oppose the bill was Burr.
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We talked about this over there:
https://www.tapatalk.com/groups/the_new_coffee_room/viewtopic.php?f=5&t=119585&p=1509748&hilit=burr#p1509748 -
As I said at the time in that thread.
Yep. If he traded on non-public information, burn his ass. Don't care if there is an "R" after his name.
Same thing with the NYSE CEO's wife (can't think of her name right now).
Feinstein claims her stuff is in a blind trust. We'll see if that's true. -
DON’T let them eat cake.
- RFK Jr -
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FBI questions DiFi about her husband.
Sen. Dianne Feinstein has turned over documents to the FBI and answered questions from law-enforcement officials about her husband’s controversial stock trades, a spokesman for the California Democrat said on Thursday.
Feinstein, a former chair of the Senate Intelligence Committee, spoke with the agency “voluntarily” and “provided additional documents to show she had no involvement in her husband’s transactions,” the spokesman added.
Feinstein has denied any wrongdoing in connection with the transactions.
Her husband, Richard Blum, is an investment banker who reportedly sold his shares in a biotech company in January before the coronavirus crisis sent the stock market into a tailspin. The transaction was reported in Feinstein’s routine Senate financial disclosure forms, and her spokesman said at the time the senator has no involvement in her husband’s stock trades.
The issue has come to the forefront in recent weeks as other senators have come under scrutiny for their stock trades, prompting allegations of insider trading. The 2012 STOCK Act prohibits lawmakers and aides from buying and selling stocks based on information obtained through their official duties.
On Thursday, Sen. Richard Burr (R-N.C.) stepped down from his post as chairman of the Intelligence Committee a day after the FBI served a warrant for his cellphone in connection with the agency’s investigation into Burr’s own stock trades, which came around the same time he was receiving briefings about the coronavirus pandemic.
Burr sold his stock right after a Senate briefing. I wonder what the timing of Blum's transactions is.
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How big was the sale relative to their holdings? This describes one holding. How big was it? Aren’t they really wealthy?
I find that measure exculpatory in the case of the woman from Georgia married to Sprecher. They sold stock that was 0.6% of their portfolio. Not exactly what someone would do if they were trying to avoid a coming crash.
DON’T let them eat cake.
- RFK Jr
