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Insider Trading Scandal Is Just
Latest Reason Burr Should
Be Removed As Intel Chair

Original Article

Posted By: Pluperfect, 3/22/2020 5:13:59 AM

Senate Intelligence Committee Chairman Richard Burr is being criticized by liberals and conservatives due to the news he sold up to $1.6 million in stock after receiving private briefings about the coronavirus but before the stock market began its sharp decline. Rep. Alexandria Ocasio-Cortez, D-N.Y., tweeted of the North Carolina Republican: “Burr knew how bad it would be. He told the truth to his wealthy donors, while assuring the public that we were fine. THEN he sold off $1.6 million in stock before the fall. He needs to resign.” Tucker Carlson told his audience Burr needs to resign and await prosecution if he’s unable to explain his actions.

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Reply 1 - Posted by: rockeysroomie 3/22/2020 6:14:00 AM (No. 353850)
Bogus. They all should step down, Diane Feinstein included.
31 people like this.

Reply 2 - Posted by: HisHandmaiden 3/22/2020 6:26:06 AM (No. 353852)
Definitely a Must Read. “ Burr is a big part of the reason they have not been held accountable.” He must go, both because of no ethics, and no loyalty. Let’s retire him then prosecute him, Mitch! He is a traitor and dishonest. KAG
24 people like this.

Reply 3 - Posted by: WhamDBambam 3/22/2020 6:37:16 AM (No. 353854)
Is he any kin to Aaron?
19 people like this.

Reply 4 - Posted by: DaddyO 3/22/2020 6:51:40 AM (No. 353861)
Look, I certainly am all for holding people responsible, but this is a made up controversy. Burr got a briefing and sold out as the market crashed 21 days later. Look through all members of congress, I'll bet theres more than a few that sold out as the markets tanked. They may say "my investments are managed in a blind trust" but I'm sure they get updated on what their financial advisers are doing. It didn't take a secret government briefing to know the markets were going to tank when half the country shuts down.
13 people like this.

Reply 5 - Posted by: Condor44 3/22/2020 7:08:17 AM (No. 353868)
Where is the uproar for Feinstein to resign? Do, Republicans hold their people to a higher standard, while dems circle the wagon?
28 people like this.

Reply 6 - Posted by: Linda in Seattle 3/22/2020 7:15:39 AM (No. 353874)
It's time to contact Mich McConnell and demand this GOP member of the Deep State be removed as Senate Intelligence Committee Chairman. Since we're all stuck at home and looking for things to do, make sure to put this on your list of things to get done!
9 people like this.

Reply 7 - Posted by: anniebc 3/22/2020 7:25:21 AM (No. 353881)
Burr has been a traitor to NC since day one. I voted for him the first time when I lived in NC; what a wasted vote. He needs to be voted out, made to resign, and so should all the other guilty critters; including the ones we've not heard about, yet.
13 people like this.

Reply 8 - Posted by: DCGIRL 3/22/2020 7:27:43 AM (No. 353882)
#5. I'm one of the people that call Mitch McConnell and demanded that Feinstein along with Unhofe, Loeffier, and Burr be removed and investigated. During a time when the people are in the U.S. are being crushed by the financial crisis, they take advantage and protect they stocks/money based in insider information. This is cruel and they are no better than a crook. If this pans out to be true, then they should be punished by removal.
14 people like this.

Reply 9 - Posted by: Daisymay 3/22/2020 8:07:30 AM (No. 353899)
How about we wait until after the election to throw these people out of office! If we don't, we are playing into the Democrats hands to give them more Seats in the Senate. They will step right in, without a fight. Are we that Stupid? We are barely holding on to the Senate. Democrats would never, ever do such a dumb thing! If they must throw them out, do it after the election when their governors can replace them with a Republican!
20 people like this.

Reply 10 - Posted by: Muncsdad 3/22/2020 8:25:37 AM (No. 353908)
Remove Burr as chair. Heck, strip him of all his Committee assignments. But letting a Leftist Democrat governor appoint his successor in NC is not smart.
25 people like this.

Reply 11 - Posted by: Venturer 3/22/2020 8:41:51 AM (No. 353919)
If we prosecuted every politician on Capitol Hill who took advantage of insider information and other perks there wouldn't be anyone left up there in that corrupt castle .
10 people like this.

Reply 12 - Posted by: JackBurton 3/22/2020 8:57:43 AM (No. 353935)
No. Removing him weakens all of us.. especially the Republicans. Move to replace him, on the committee, run someone against him in the next election but leave him in... with one action for him, DiFi and the others. I was a stock broker. If a client told me to 'sell x and buy y' and I didn't execute those trades, it was an error. I had to pay for it. But it's possible to go back to the time of the order and give the client the price he WOULD HAVE sold x for and give him the shares of y he WOULD HAVE PROCURED with the proceeds. I suggest you void his $1.6 million in trades. Restore his pre-drop portfolio. Make him pay for the losses. It would send the message that THIS IS NOT DONE. And it would hurt. To the same extent the rest of us, who didn't have the briefing, got hurt.
18 people like this.

Reply 13 - Posted by: davew 3/22/2020 9:18:44 AM (No. 353963)
There were a lot of investors who had as much or more information about the potential threat of the pandemic and yet they didn't sell out of there stock positions at the time. The briefings that the Senators received were general assessments of possible outcomes based on public sources and not any secret information. Every day starting as early as December Steve Bannon was producing a daily briefing on the China pandemic with highly informed sources like Dr. Steven Hatfill whose book, "Three Seconds to Midnight", laid out a much more dire outcome than anything the Senators would hear. Why did some people sell and others didn't? Because different investors manage their risks based on their own experience and emotional comfort levels. It was clear from the trading at the time that an historic number of people sold everything they had and bought Treasury's driving the yields to ridiculous levels. In the case of Loeffler, she relied on a high paid adviser to make her trading decisions. Did he also sell the positions of his other clients? Are they also guilty of "insider trading". The desire to punish people that are smarter or luckier because they avoided some ill that other people didn't is a function of human nature and has nothing to do with the real crime of insider trading which is well defined in the law.
3 people like this.

Reply 14 - Posted by: bigfatslob 3/22/2020 10:01:06 AM (No. 354008)
This is not the time to be dealing with this during the China virus crisis. If the Republican senators support the President we don't need to give up seats in the senate. Dianne Feinstein not so much but that old senile coot isn't going anywhere so why should the Republicans?
5 people like this.

Reply 15 - Posted by: DVC 3/22/2020 10:43:57 AM (No. 354072)
Burr is the Criminal Deep State's anchor man in the Senate. He covers up for them, lies for them and helps do whatever he can to harm Trump. Burr is a top example of a corrupt, traitorous criminal working as a Senator.
4 people like this.

Reply 16 - Posted by: bighambone 3/22/2020 10:44:36 AM (No. 354073)
Senator Burr is big time UniParty DC politician who never supported President Trump. This incident is just another example of UniParty corruption, that has been greatly assisted by the Congress through past legislation exempting the Senators and Representatives from the insider trading laws.
4 people like this.

Reply 17 - Posted by: Dodge Boy 3/22/2020 10:53:48 AM (No. 354085)
Don't forget to expel Chuckie for his SCOTUS threats. And Finestein for her insider trading. There are a couple of others, too, who need to be shown the door.
6 people like this.

Reply 18 - Posted by: couchguy 3/22/2020 11:36:44 AM (No. 354141)
Getting rid of Burr is good for any reason but insider trading is kinda like getting Charlie Manson for a health code violation. Burr and Warner have done so much evil, I look foreword to their downfalls.
4 people like this.

Reply 19 - Posted by: 66Strat 3/22/2020 11:40:02 AM (No. 354145)
Markets are fickle. When you buy or sell you have absolutely no certainty which way they will move. Had the market stayed flat or moved up due to some surprise announcement or breakthrough this would have been a non-event. I dislike Burr but handing the Dems a free Senate seat does far more damage than good. Meanwhile, Schumer is ecstatic and drafting his next threats to justices on the Supreme Court knowing he cannot be criticized or punished.
2 people like this.

Reply 20 - Posted by: stablemoney 3/22/2020 2:13:42 PM (No. 354324)
Burr is a back stabbing deep stater, dumb, and incompetent---but he shares one thing in common with the rest of the Senators, that being getting rich off favors. McConnell and Graham should give an accounting of their finances, and where all the money came from, which is why they will have to defend Burr.
2 people like this.

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