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Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison

 
Annie Oakley

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03/20/2020 08:47 AM

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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Bice: U.S. Sen. Ron Johnson defends Pacur sale amid accusations of insider trading by other GOP senators


With two of his GOP colleagues coming under fire for selling stock after getting a security briefing on the coronavirus, U.S. Sen. Ron Johnson on Friday defended selling his stake in his family's privately held company earlier this month.

Johnson said the deal had been in the works since 2018, long before the current global pandemic.

"Obviously, this had nothing to do with the coronavirus," Johnson said via text regarding the sale.

Johnson just disclosed on his official statement of economic interest that he made between $5 million and $25 million on the March 2 sale of his share of Pacur LLC, an Oshkosh-based supplier of specialty plastic packaging materials. Johnson, a Wisconsin Republican, headed the company before he was elected to the Senate in 2010.

[link to www.jsonline.com (secure)]
Anonymous Coward
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03/20/2020 08:48 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
If they don't go to prison for 20 years (maximum time) then our system needs to be repealed by The People and a new one put in place.

It is time these people learn a lesson.
 Quoting: Anonymous Coward 75569147


Agree, but honestly least of our troubles right now. And yeah looks like they are pretty much rolling out a total Police State to replace any semblance of what seemed to be a Republic.
~kpm~

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03/20/2020 08:48 AM

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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
 Quoting: ScrumpTheTexan


Oh I’m sure more will come out!

They all need to be investigated and their families too

Imagine how deep this runs

Stock Act Law

The Stop Trading on Congressional Knowledge (STOCK) Act (Pub.L. 112–105, S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading.

It was signed into law by President Barack Obama on April 4, 2012.

The bill prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.

It confirms changes to the Commodity Exchange Act, specifies reporting intervals for financial transactions.

The bill was introduced by Joe Lieberman, independent United States Senator for Connecticut, on January 26, 2012, and passed in the Senate by a 96–3 vote.

Later the House of Representatives passed it by a 417–2 vote.

The bill was supported heavily by vulnerable incumbents and signed into law by President Obama.

According to the current United States Senate Select Committee on Ethics, "A member, officer, or employee of the Senate shall not receive any compensation, nor shall he permit any compensation to accrue to his beneficial interest from any source, the receipt or accrual of which would occur by virtue of influence improperly exerted from his position as a member, officer, or employee."


[link to en.wikipedia.org (secure)]


How Congress Quietly Overhauled Its Insider-Trading Law

The legislative process on Capitol Hill is often slow and grinding. There are committee hearings, filibuster threats and hours of floor debate. But sometimes, when Congress really wants to get something done, it can move blindingly fast.

That's what happened when Congress moved to undo large parts of a popular law known as the STOCK Act last week.



[link to www.npr.org (secure)]
~With forethought and malice Whitless enacted an EO giving nursing homes immunity from wrongful death prosecutions, forced them to take in infected patients and is responsible for the 2400 nursing home deaths~
Anonymous Coward
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03/20/2020 08:49 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Martha Stweart is going to be pissed.
Anonymous Coward
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03/20/2020 08:49 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
I'm writing a letter to congress...oh wait.
Flame Garcia

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03/20/2020 08:52 AM

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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Trading on insider information is a felony.
The swamp crocodiles need to be arrested and thrown into solitary confinement as they did to Trump associates.

[link to conservativeus.com (secure)]
 Quoting: Proud American 88


Martha Stewart did prison time for the same crime - lock them up
"The road of life is paved with flat squirrels who couldn't make a decision"
M R E

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03/20/2020 08:53 AM

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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Trading on insider information is a felony.
The swamp crocodiles need to be arrested and thrown into solitary confinement as they did to Trump associates.

[link to conservativeus.com (secure)]
 Quoting: Proud American 88


Hell, I bet that rabbit hole goes deeper then 4!
would rather have it & not need it then need it & not have it
Anonymous Coward
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03/20/2020 08:55 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Any own stock in Wuhan?
 Quoting: Anonymous Coward 72694281


Well let’s just say..hmmm.. George Soros, hmmm pharmaceuticals, hmmm Hilliard Clinton and Bill Gates...who made out like thieves receiving so called donations for pharma companies. Oh it’s tied together somehow. The fact that Pelosi tried to push through money for abortions in a bill to bail out non workers..hmmmm..I would think so..
Anonymous Coward
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03/20/2020 08:56 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Congress is exempt from that.
 Quoting: Ninbit


hesright
The Old Timer
The Old Timer

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03/20/2020 08:57 AM

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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Trading on insider information is a felony.
The swamp crocodiles need to be arrested and thrown into solitary confinement as they did to Trump associates.

[link to conservativeus.com (secure)]
 Quoting: Proud American 88


NOT FOR CONGRESS....check it out!
"If we [FBI] recommend [idicting], we literally hand over documentation implying the entire government is involved in treason at the highest levels and everyone is about to duck and cover, as well as some sensitive details of SAPs which would obliterate national security."


President Trump.....President Trump......President Trump

What doesn't kill us...makes us more interesting

Either you live for something worth dying for....or you rot away and die on the installment plan quote: Mr Bill

when I post something....I will remove any post I find disrespectful or offensive.....
MlCHAEL

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03/20/2020 08:58 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
The market tanked because the global system reached it's maximum potential expansion from the March 2009 Bottom.

Remember leading into 2009 the G20 met

"We, the Leaders of the Group of Twenty, held an initial meeting in Washington on November 15, 2008, amid serious challenges to the world economy and financial markets. We are determined to enhance our cooperation and work together to restore global growth and achieve needed reforms in the world's financial systems."

Following that Summit all the leaders went back to their economic zones and implemented the plan that in 2009 lead to the global system expanding up to 2020.

Trump was installed to sucker all of you into thinking you were winning and lead you off the cliff.

Hindsight is 2020

Last Edited by MlCHAEL on 03/20/2020 08:59 AM
MlCHAEL
The Old Timer
The Old Timer

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03/20/2020 08:59 AM

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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Anyone remember the cartoon in Playboy where there were two well dressed men with the US capitol in the background saying "Glad we don't have to follow any of those stupid laws we pass"

Last Edited by The Old Timer on 03/20/2020 09:00 AM
"If we [FBI] recommend [idicting], we literally hand over documentation implying the entire government is involved in treason at the highest levels and everyone is about to duck and cover, as well as some sensitive details of SAPs which would obliterate national security."


President Trump.....President Trump......President Trump

What doesn't kill us...makes us more interesting

Either you live for something worth dying for....or you rot away and die on the installment plan quote: Mr Bill

when I post something....I will remove any post I find disrespectful or offensive.....
Anonymous Coward
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03/20/2020 09:00 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Anonymous Coward
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03/20/2020 09:00 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Any own stock in Wuhan?
 Quoting: Anonymous Coward 72694281


Well let’s just say..hmmm.. George Soros, hmmm pharmaceuticals, hmmm Hilliard Clinton and Bill Gates...who made out like thieves receiving so called donations for pharma companies. Oh it’s tied together somehow. The fact that Pelosi tried to push through money for abortions in a bill to bail out non workers..hmmmm..I would think so..
 Quoting: Anonymous Coward 78227565


Thank you for confirming my suspension. What type of evil person put Abortions into a Bill that is for a pandemic?

No words on the actions of Nancy other than her master is waiting for herdevil6
Anonymous Coward
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03/20/2020 09:01 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
From Ny Mag (just a quote I found absolutely hilarious):

"Already, there are bipartisan calls for resignations coming from Alexandria Ocasio-Cortez, Ilhan Omar, and Tucker Carlson. (If that trifecta has mobilized together against your cause, seek public-relations assistance.)"

lolsign
Anonymous Coward
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03/20/2020 09:04 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Congress is exempt from that.
 Quoting: Ninbit


hesright
 Quoting: Anonymous Coward 69078452


Hold on I read another post that it was made illegal in 2012, then changed just last week..

That is to much power, if this was on the tv news and print news the public would flip!
Anonymous Coward
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03/20/2020 09:05 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Luke 8:17 KJV

17 For nothing is secret, that shall not be made manifest; neither any thing hid, that shall not be known and come abroad.
Lester
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03/20/2020 09:06 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
First replier Nailed It...

Senators and Congressmen are Exempted from insider trading laws.


Don't make any sense, but there it is.


How you think they got their millions?
Wasn't only by bribes.

Ordinary "millionaires" don't have a million plus in the market. They got two or more homes, a few nice cars, kids in private schools, and the list goes on.


Who in hell would still have their dough in the market, but someone with special protections???


Senators and Congressmen are also exempted from all the laws they pass that affect you and me.


Then there's the fact that Those Campaigning For Office of The Presidency Cannot Be Charged With Any Crime While They Are Active Candidates... Explains a lot more, don't it?


And you didn't think Eric Blair knew his where-ofs when he wrote "Some Animals Are More Equal Than Others"....
Anonymous Coward
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03/20/2020 09:07 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Congress is exempted from Insider Trading laws. Always have been. That's how they get so rich over a short period of time making only $175K a year.
 Quoting: Festus Hoggbottom


Please cite the specific law.

Such a law, policy or elite judicial action would violate the equal protection clause of the United States Constitution.
Hitokiri

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03/20/2020 09:08 AM

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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Nothing will happen. Insider trading is ok for them.
"We learn from history that we learn nothing from history." - George Bernard Shaw

“Stay strapped or get clapped.” -Sun Tzu
AltSwede

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03/20/2020 09:09 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
20 years in prison? Just hang them. More effective and less waste of money.
AltSwede
HE-B-GB

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03/20/2020 09:10 AM

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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Pelosi does it all the TIME! Effin poop witch!
 Quoting: TP Broker



Poop witch!!!

lmfao
“If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.”

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Anonymous Coward
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03/20/2020 09:15 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Pelosi does it all the TIME! Effin poop witch!
 Quoting: TP Broker


Source and proof please
GA Girl

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03/20/2020 09:15 AM

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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
I don't get it. This issue has been in the news since January, at least. Anybody with brains went, "Hmmm, new virus, very contagious, killing people at an unprecedented rate...I had better get out of the market and stock up on N95s and groceries." Just saying...how can this be insider trading when it was in the news? Just because congress people had briefings and meetings shouldn't mean they must go down with the ship financially and lose everything they've spent their lives building.

Insider trading - purchasing based on meetings and information. Selling specific stocks based on meetings and information. Not putting yourself in a better financial situation given well-known world events. If that were the case, they would all be guilty of it. "Oh, the stock market is going up because of the latest economic reports on the news, but I cannot buy because I was in a meeting regarding the economy." That's bullshit and a witch hunt.
Monty Python

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03/20/2020 09:16 AM

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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
 Quoting: ScrumpTheTexan


Oh I’m sure more will come out!

They all need to be investigated and their families too

Imagine how deep this runs

Stock Act Law

The Stop Trading on Congressional Knowledge (STOCK) Act (Pub.L. 112–105, S. 2038, 126 Stat. 291, enacted April 4, 2012) is an Act of Congress designed to combat insider trading.

It was signed into law by President Barack Obama on April 4, 2012.

The bill prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.

It confirms changes to the Commodity Exchange Act, specifies reporting intervals for financial transactions.

The bill was introduced by Joe Lieberman, independent United States Senator for Connecticut, on January 26, 2012, and passed in the Senate by a 96–3 vote.

Later the House of Representatives passed it by a 417–2 vote.

The bill was supported heavily by vulnerable incumbents and signed into law by President Obama.

According to the current United States Senate Select Committee on Ethics, "A member, officer, or employee of the Senate shall not receive any compensation, nor shall he permit any compensation to accrue to his beneficial interest from any source, the receipt or accrual of which would occur by virtue of influence improperly exerted from his position as a member, officer, or employee."


[link to en.wikipedia.org (secure)]


How Congress Quietly Overhauled Its Insider-Trading Law

The legislative process on Capitol Hill is often slow and grinding. There are committee hearings, filibuster threats and hours of floor debate. But sometimes, when Congress really wants to get something done, it can move blindingly fast.

That's what happened when Congress moved to undo large parts of a popular law known as the STOCK Act last week.



[link to www.npr.org (secure)]
 Quoting: ~kpm~


^ This ^

It's been illegal since 2012. Try to keep up, folks.
Monty Python's Flying Circus
Anonymous Coward
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03/20/2020 09:16 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Prison and forfeit full retirement. Handcuffs on today!

yousuck
Anonymous Coward
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03/20/2020 09:17 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Trading on insider information is a felony.
The swamp crocodiles need to be arrested and thrown into solitary confinement as they did to Trump associates.

[link to conservativeus.com (secure)]
 Quoting: Proud American 88


Are you sure that they (congress) changed their rules governing insider trading by Senate/Congress? Because it although it was always illegal for the sheeple, I know that congress was immune from such peasant laws AND in fact were allowed to trade on insider information. I know, crazy shit!
 Quoting: Anonymous Coward 76999954


I don't understand why anyone would be willing to accept that explanation.
Seems a lot of opinions on this message board accept it with out so much as a murmur of protest or argument against it.


Was it the pharmaceutical lobotomy?

What has happened to everyone?
Psychedelic Mashed Potatoes

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03/20/2020 09:19 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
.

Last Edited by Psychedelic Mashed Potatoes on 04/23/2020 06:45 AM
Everything God said is coming to pass. What is left to doubt that Jesus is the Lord?

I deleted BOWANDCROWN.COM. If you want my prophecy messages about the coming destruction of America and the Beast kingdom of the Bible, email me from the site.
Anonymous Coward
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03/20/2020 09:20 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Still, two major elements of the law remain.
Insider trading is illegal,
even for members of Congress and the executive branch.
And for those who are covered by the now-narrower law, disclosures of large stock trades are required within 45 days.
It will just be harder to get to them.
Anonymous Coward
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03/20/2020 09:22 AM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Congress is exempted from Insider Trading laws. Always have been. That's how they get so rich over a short period of time making only $175K a year.
 Quoting: Festus Hoggbottom


Isn't it amazing what kind of shit gets exposed to the masses now?





GLP