A new report just surfaced revealing how four Senators, three Republicans and one Democrat, have saved their fortunes while the rest of America is reeling.
Senators Diane Feinstein (D-CA), Richard Burr (R-N.C.), Kelly Loeffler (R-GA), and James Inhofe (R-OK) all sold off massive shares of stock after Senate intelligence briefings on the coronavirus and prior to the massive plunge that has created a bear market.
The Selloff
Between January 21 and February 18, Feinstein sold off between $1.5 million and $5 million in stocks.
On February 13, Burr purged between $638,000 and $1.72 million in stock holdings.
(Update 2:55 p.m. 3.20.2020 – per a new Washington Post report, Burr also made a significant purchase of a company offering teleworking software, which is significant due to the massive shutdown and need for many Americans to now work from home.)
Loeffler started her purge on January 24 and by February 14, she and her husband liquidated between $1.2 million and $3.1 million in stocks.
On January 27, Inhofe sold as much as $400,000 in stocks.
All are claiming they did nothing wrong, but all had access to information that was significantly more than the average U.S. person.
Burr would like us to believe he only used news reports, tweeting…
My statement in response to reports about recent financial disclosures: pic.twitter.com/J4kye5a4ok
— Richard Burr (@SenatorBurr) March 20, 2020
Burr is the Chair of the Senate Intelligence Committee. Behind closed doors, Burr was reportedly giving a doomsday narrative on the coronavirus while at the same time penning an optimistic outlook.
Regardless of what he says, the optics make it appear as though he was protecting his purge before telling Americans the truth.
This is something that has been happening throughout Congress for decades.
Does anyone really think someone making $150,000 or so a year can amass the wealth of our members of Congress without something shady going on?
I would guarantee that if we look at investment accounts of every member of Congress, we would see like behavior.
Let’s take it a step further and look at investments made while legislation was in the works that would benefit very specific sectors.
Being a politician today is like being a member of the mafia. It is organized crime at its best and we are all the suckers being ripped off.
So, as small business owners shutter their doors, Americans go bankrupt and lose their homes, we can all take solace in the fact our politicians were able to protect their fortunes because they all knew what was coming long before we did.
Source: Fox News
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