'I didn't believe this was possible in
February': Senator Kelly Loeffler claims
private briefing on coronavirus had
nothing to do with her selling off $3.1m
in stock—even though it took place in *
Daily Mail (UK) & Reuters,
by
Andrew Court
Original Article
Posted By: Ribicon,
3/21/2020 11:08:17 AM
Republican Senator Kelly Loeffler has vehemently defended herself against allegations of corruption after it was revealed she sold off $3.1 million in stocks in the days after she attended a coronavirus briefing for senators on January 24. In an appearance on Tucker Carlson Tonight Friday, Loeffler, who is the junior senator from Georgia, claimed her financial advisors handle her stock transactions, and tend to her vast fortune. Loeffler told Carlson that she did not know about the sales of her stocks until February 16, and thought little of it.(Snip) The 49-year-old is married to Jeffrey Sprecher, the chairman of the New York Stock Exchange,
Reply 1 - Posted by:
earlybird 3/21/2020 11:10:13 AM (No. 353104)
She is now considered to be Big Trouble. Doug Collins needs to beat her...
31 people like this.
Reply 2 - Posted by:
tennisbum 3/21/2020 11:14:21 AM (No. 353114)
The old Sgt. Schultz reply..."I know 'nuffing, nuffing".
10 people like this.
Reply 3 - Posted by:
EQKimball 3/21/2020 11:26:48 AM (No. 353125)
This is beginning to look like Martha Stewart's defense: "My broker's assistant merely called me while I was enjoying the beach in Mexico and mentioned in passing that the owner of ImClone and his family were all selling their shares in his company. The fact that my broker then sold mine the next day was merely a coincidence."
19 people like this.
Reply 4 - Posted by:
edgar 3/21/2020 11:34:42 AM (No. 353139)
I agree, her story does not add up. However, I would much rather see those responsible for attempted coup go to jail than these people. They need to beaten at the polls, not resign. Burr needs to step down from Intelligence Committee until his "ethics investigation" clears him of any wrong doing.
15 people like this.
Reply 5 - Posted by:
farmwife 3/21/2020 11:43:12 AM (No. 353156)
The Republicans will be roasted for this (as they should be) the Democrats will be given a pass. (As they should not be.)
18 people like this.
Reply 6 - Posted by:
LeftCoast 3/21/2020 11:54:14 AM (No. 353173)
The lady doth protest too much, methinks.
12 people like this.
Reply 7 - Posted by:
Pearson365 3/21/2020 11:56:25 AM (No. 353179)
She should at least tell us when she is buying stocks again, a move that will happen after senators are secretly briefed by Dr Fauci that the Coronavirus is under control. Sell high, buy low works so well when you know more than investors.
10 people like this.
Reply 8 - Posted by:
lakerman1 3/21/2020 12:11:12 PM (No. 353197)
we own some stock, and while wife is quite conservative on buying/selling, it did occur to me when the Dow bumped up against 30,000, to sell and take some profits.
6 people like this.
Reply 9 - Posted by:
lisa belanger 3/21/2020 12:27:51 PM (No. 353226)
she will go nxt election she is married
to an old men millionnaire and she will vote for their interest
as feinstein does and burr and warne and and and
6 people like this.
Reply 10 - Posted by:
judy 3/21/2020 12:28:02 PM (No. 353227)
DM there is 3 more....be fair.
1 person likes this.
Reply 11 - Posted by:
davew 3/21/2020 1:06:14 PM (No. 353275)
I would like to wait and find out what really happened before executing people for alleged crimes they may not have committed. Loeffler used an investment adviser to manage her portfolio and she had no influence over the trades which included buys and sells. How do you know the adviser wasn't just using tight stops and got filled when the market fell on its own? Is that insider selling or just good risk management. This may have been the case with Burr and the others as well which should come out with an ethics review.
Many people who were risk averse decided to trim some or all of their positions in February as the news of the pandemic grew more ominous. This has nothing to do with "insider selling" where the investor has privileged, non public information, ahead of the market that was certain to affect the price either up or down.
4 people like this.
To her credit, like Trump - she is not a career politician who earned those millions by fleecing the taxpayers. More points for appearing on Tucker last night to face some direct questions. Should have said that it wasn't the briefing. Rather, watching him and Mark Siegel (who's gotten way too full of himself since given a nightly slot) insisting that the Apocalypse is here convinced her that it was time to bail from the market.
2 people like this.
Reply 13 - Posted by:
JL80863 3/21/2020 1:12:44 PM (No. 353293)
Pssst, #11, I've got this bridge....
8 people like this.
Reply 14 - Posted by:
Ida Lou Pino 3/21/2020 1:27:53 PM (No. 353309)
Apologists for Kelly are missing - - or avoiding - - the point.
She sold her stocks in January - - BEFORE the bad pandemic news became public. In other words - - trading on insider information.
A law was specifically passed to forbid elected representatives from doing this. That naive "I don't know nothing" routine does not pass the smell test - - not even if she used a Ballsey-Ford voice to say it. No reasonable doubt here - - guilty as charged!
7 people like this.
Reply 15 - Posted by:
Chuzzles 3/21/2020 1:37:26 PM (No. 353327)
These 4 senators might be exempt from the insider trading stuff according to their own rules but I am betting that doesn't exempt them from culpability in the panic the Market is experiencing right now. I am betting she alone has caused much more than 3 million in lost pension and retirement monies for folks who need that money to live on.
7 people like this.
Reply 16 - Posted by:
Strike3 3/21/2020 1:51:58 PM (No. 353353)
Yeah... I let my financial adviser decide on his own when to buy and sell my vast fortune in stocks all the time. His name is Maddoff or something like that. Republicans or not, these senators are dirty. Feinstein is old enough to know better and there is also no doubt about her guilt since she has a long, long history of abusing her power.
6 people like this.
Reply 17 - Posted by:
Rumblehog 3/21/2020 3:13:33 PM (No. 353477)
Subpoena all text messages, call records, and e-mails of EACH of the Senators on the horribly corrupt HIC committee chaired by Sen. "Dirty Dick" Barr.
3 people like this.
Reply 18 - Posted by:
RuckusTom 3/21/2020 3:15:32 PM (No. 353480)
Great job, Kelly and Bill and Jim. There goes the senate majority in November and more conservative judges. Let's get Hillary Clinton or Michelle Obama on the Supreme Court to replace RBG.
2 people like this.
Reply 19 - Posted by:
navybrat 3/21/2020 4:05:04 PM (No. 353530)
They should go but only if Feinstein and the other democrat go. I don't like it, but I am tired of the two tier system where only Republicans get taken out. If nothing happens to Dianne, nothing should happen to these two.
1 person likes this.
Reply 20 - Posted by:
davew 3/21/2020 4:24:44 PM (No. 353551)
Politico is reporting that many people in Congress also sold stocks in airlines or bought shares in Moderna and other medical research companies that were involved in developing virus vaccines. If this was insider trading based on "special" information only the Congress was briefed on it wouldn't have moved the prices anywhere near the amounts that they plunged. The people in Congress, like millions of wealthy owners of stock, use well informed advisers who get paid well to protect the portfolios of their clients from potential risks based on whatever legal information sources they can tap.
It was prudent to trim positions when news stories about the pandemic began to spread but nobody would have predicted that the US would take the measures it did to ban travel and shut down non-essential businesses. In hindsight every one who went to cash looks like they had inside information when it was really just fear and dumb luck.
1 person likes this.
Reply 21 - Posted by:
or gate 3/21/2020 4:36:42 PM (No. 353559)
They should of just sold california and fixed all the virus problems.
1 person likes this.
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Comments:
* January
Watch the video; she's lying through her teeth, but knows that nothing will come of it because this is how business is done for people of her class. The great unwashed can have savings eroded through inflation while the banks pay 0% interest, or roll the dice on a rigged stock market, while the insiders make fortunes not on producing anything of value, but by cheating people. Why is this acceptable?