When four senators were confronted with their actions of selling stocks before the stock market crashed, they denied any deliberate actions, and stated it was done coincidentally without their awareness.
“According to financial disclosure forms, Sens. Kelly Loeffler (R-Ga.), James Inhofe (R-Okla.), Dianne Feinstein (D-Calif.) and Richard Burr (R-N.C.) each sold hundreds of thousands of dollars in stocks within days of the Senate holding a classified briefing on Jan. 24 with Trump administration officials on the threat of the coronavirus outbreak.”
Loeffler stated that she has no control over her or her husband’s financial assets. Inhofe said it was his financial advisor who makes such decisions and doesn’t notify him about it. Feinstein’s assets were in a blind trust and she too said she has no control over her husband’s assets. Lastly, Burr filed a financial disclosure form and is asking the Senate Ethics Committee to investigate him.
“The sales raise questions about whether the senators violated the STOCK Act, a law that bans members of Congress from making financial trades based on nonpublic information.”
The senators are getting attacked and some are even pressured to retire. Facing re-election soon, the senators now have to convince their constituents that the selling of stocks was done in good faith and not due to the looming coronavirus threat.
What do you think happened? Do you think the Senators participated in this? Let us know!