Shot.
If college athletes are going to make money off their likenesses while in school, their scholarships should be treated like income. I’ll be introducing legislation that subjects scholarships given to athletes who choose to “cash in” to income taxes. https://t.co/H7jXC0dNls
— Richard Burr (@SenatorBurr) October 29, 2019
Chaser.
NEW: After assuring the public about the government's coronavirus preparedness, Senate Intel chair Richard Burr, in one day, sold off up to $1.6 million is stock.
A week later, the market began its fall.
His committee was receiving daily briefings.https://t.co/LlMDnKnYoQ
— Robert Faturechi (@RobertFaturechi) March 19, 2020
I asked Sen. Burr spokesperson Caitlin Carroll if her office had a comment re: the reports about the senator's stock sales amid the Coronavirus crisis.
She responded, 'lol.'https://t.co/afyvzaMyXK pic.twitter.com/X6U3LkFGyI
— Tim Mak (@timkmak) March 20, 2020
It’s funny because he didn’t cash in using air quotes. That’s the joke. That’s it.
Get The Picture 
He did the same thing in 2007. I hope he gets charged with insider trading.
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You’d think that, right? Their idea of justice is just us ruling class. Hey look! Here’s $1,200. Now shut up and order Lizard’s Thicket takeout.
You’re a good egg, Sides.
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How do you think all of these politicians come in with practically nothing and leave as multimillionaires even though they do nothing to produce anything of value?
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Kickback and money laundering schemes through countries like the Ukraine?
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Well he couldn’t exactly tell the general population of an impending crisis, could he? What if everyone decided to cash out their stock?
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Congress is exempt from insider trading laws. The STOCK Act that finally made it illegal in 2012 was gutted within 2 years. It’s an ethics violation and not criminal.
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The new law passed on a bipartisan basis proving only that the swamp will defend the swamp regardless of the (d) or (r) before their name. I have added a second proposal to my ideas of how to fix the govment….move all Washington D.C functions to Omaha and second make it unconstitutional for Congress to exempt themselves from ANY of their own legislation.
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The AJC is reporting Kelly Loeffler did the same thing.
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Yep, and she sat right next to him in the Senate. It’s a political crisis that US senators were briefed on what was about to happen and they decided to worry more about their portfolios than the American people.
For anyone who’s actually a conservative, or cares about the long-term prospects of the Republican Party, I don’t see how you can support what’s happened to the movement and the party. A clean-out is in order and may be coming.
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On the topic at hand, Burr sucks, and this is from someone who voted for him when he took that other sleaze-ball’s (the Breck Girl John Edwards) seat in 2005. He is definitely on the wrong side of this issue. When NLI legislation is clearly bipartisan, you get on board.
Is he supporting similar legislation to tax an academic scholarship for students who have business interests on the side? Yes, it’s the same thing.
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Read the book “Do As I Say”. They don’t have any rules in congress against this as far as I know.
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Passed a law against it in 2012. Burr was one of 2 senators to vote against it.
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She’s walking back the “lol” but I’d expect my spokesperson to be a little more articulate.
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I say replace Richard Burr with Bill Burr.
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“lol” is the new “Let them eat cake”.
A French Revolution II is coming in this country if the First Estate doesn’t act wisely.
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You’ve said this twice and your wrong twice. We arent setting up a guillotine in a public square. Which is a good thing.
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Many elected officials have 3rd party firms making those decisions for them. It wasn’t just public officials who had heard of this virus in the past couple of months, folks (especially the pros) were selling gobs of stocks before the past couple of weeks.
Not defending either Burr or Loeffler, none of us know the whole story, but I would fire someone after this is over had they not reacted to a story that was circulating world wide and assessed the damage that could be coming to some obvious industries. And there will be several more politicians identified of potential misconduct in this area. Keeping the powder dry before firing in the dark is usually best. Plenty of time for a big pig roasting after the smoke clears.
One of the very worst parts of living in America these days is watching politicians put their petty, personal concerns ahead of big picture item. It is on display every day, disgusting.
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That was Loeffler’s argument as of last night: “This is a ridiculous and baseless attack. I do not make investment decisions for my portfolio. Investment decisions are made by multiple third-party advisors without my or my husband’s knowledge or involvement.” (https://twitter.com/SenatorLoeffler, three tweets down)
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I don’t think you had to be on the intel committee or even in government to see where the market was going. I’m certain a lot of people besides he and I did the same thing.
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Yeah, didn’t have to be Kreskin to think the airlines, cruise ships, and hotels would be hit hard, and fast. Knowing that it would reach the “lock down” stage to impact restaurants, small businesses located near big office buildings, etc., now that would take some inside info as they saw the emergency plans (actually I don’t think those even existed). Had the knowledge of a shortage of ventilators/masks led to a huge buy of stock in a company that could make a fortune on that shortage, then we have true insider advantage. Or a TP manufacturer like Charming of course.
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Yeah but they both made multiple public statements downplaying the risk.
I’m glad they’re in a position to say “hey I don’t know anything about what’s going on with my millions of dollars” but for most people that won’t pass the smell test.
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Yeah, that’s what’s got people–myself included–upset.
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I agree, it is a bad look for anyone going to be judged by the public. I don’t expect the to get fair treatment, just pointing out they could be clean when all the facts are in. Stupid, imo, it wasn’t make or break money for either of them so they should have waited if they had a say in the decision of managing their portfolio.
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So glad we have people like this in an emergency, who don’t panic and lead by example.
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