Kelly Loeffler(R-GA) and Richard Burr(R-NC) must show receipts or resign – IOTW Report

Kelly Loeffler(R-GA) and Richard Burr(R-NC) must show receipts or resign

WA EX: Somewhere in a self-quarantined compound, Doug Collins must be cracking open a bottle of Dom Pérignon.

After the National Republican Senatorial Committee decided to go all-in on backing Brian Kemp’s pick to replace Johnny Isakson’s Senate seat, Sen. Kelly Loeffler may have abused her insider knowledge about the impending coronavirus crisis to sell off her stocks just months into the job.

Also accused is fellow Senate Republican Richard Burr. Both reportedly sold off millions of dollars in the stock market after receiving intelligence briefings about the potential scope of the pandemic. If either had knowledge of or were responsible for their stock sales, their actions constitute a clear violation of the United States STOCK Act, which prevents members of Congress from using privileged information for private gain.

But that’s a big “if,” one that Loeffler has emphatically denied. The Georgia senator said that her stock portfolio is in a blind trust controlled by asset managers. Such a claim is easily falsifiable. If she’s telling the truth, she can release email and legal correspondences proving that neither her nor her husband, the chairman of the New York Stock Exchange, had any knowledge or influence on her stock portfolio. Given that Loeffler is already a multimillionaire headed into a scorched-earth race against Collins, it’s possible that she’s completely innocent. But after following President Trump’s early talking points of downplaying the coronavirus, she cannot claim “fake news.” more here


19 Comments on Kelly Loeffler(R-GA) and Richard Burr(R-NC) must show receipts or resign

  1. These fucking idiots. And what really pisses me off is that they will be pushed to resign and possibly losing that seat to the democrats but no one will push Senator Feinstein to resign for doing the same goddamn thing. The universal scumbaggery of the democrats is a strength for them.

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  2. Because ejecting them from such an august body, for rightfully bringing condemnation upon them all, with even the appearance of such corruption, is against The Rules?

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  3. It’s only insider trading if we do it. Congressmen and Senators are exempt from the laws they pass on us and it’s been that way for a long time.

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  4. Regarding the GA. (R) senator.
    She clearly said her Stocks sales were done automatically by the Brokerage firm that she uses. She stated she did not learn of the trades and sales for several days. If the SEC finds out other wise and I’ll help light the Blog fire. But I am like many, tired of the he/she/it said claims and want to get politics OUT of the Convid-19 process.

    QUESTION: I have noted in many blogs and the MEDIA that Diane Finstein (CAL-D) and other Democrats that are under suspicion have been omitted to focus on Right Wing (GOP) Senators.

    Please publish ALL THE NAMES to be fair.

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  5. I don’t contribute to politicians campaign funds. I just sent Doug Collins a contribution.

    I also sent Loefflerr and email titled “Integrity”. I gave the definition of integrity and informed her that it didn’t matter if she authorized it or her financial planner did it without her knowledge, she needed to resign.

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  6. “If she’s telling the truth, she can release email and legal correspondences proving that neither her nor her husband, the chairman of the New York Stock Exchange, had any knowledge or influence on her stock portfolio.”

    Presumption of innocence, anyone?
    She doesn’t have to “prove” shit.
    That “stock” law was a sop to cover the multitude of corrupt dealings of the Legislature. Can’t sell stock, but can certainly BUY on “inside” information, as Obola and Jarrett did during THAT flu “crisis.”

    And the fact that out of 100 only 4 sold implies that it was, more or less, routine, or random – a Senator having enough sense to cover its ass.

    izlamo delenda est …

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