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

 
Festus Hoggbottom

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03/20/2020 10:20 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
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.
 Quoting: Anonymous Coward 13455469


What? You need someone to Google it for you?

Long story short: they were always immune from Insider Trading laws. Because of public outcry, they passed the STOCK act in 2011 to prohibit Insider Trading by members of Congress so the public could pat themselves on the back. The STOCK Act was recently revisited, and they gave themselves immunity. It's quite common that they exempt themselves from the very laws they happily impose on the rest of us. This one went a step further though since it was designed to apply only to them yet they still exempted themselves.
 Quoting: Festus Hoggbottom


I'm not seeing any reference to a specific statute in your reply.

So you must be part of the coverup crew.
 Quoting: Anonymous Coward 13455469


Still can't Google something yourself? Are you lazy or inept? Either way, shit has more value than you. Like actual, literal feces.
I did it. I did it on purpose. And I'll do it again.
Anonymous Coward
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03/20/2020 10:22 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
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


FUCK ya its called insider trading
Anonymous Coward
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03/20/2020 10:22 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
...


Well, I think you are a helpless child, even if you are legally an adult.
 Quoting: Anonymous Coward 13455469


You cannot even see the other side of an argument or provide a decent one back. How sad.

Guess I struck a nerve. Whatever. Awakening to this matrix of lies and realizing the right and left are part of the same machine is going to be something you will need to do at some point in your life. First it starts off with seeing how the ruling class has separate rules for themselves which don't apply to us. Secondly you will start realizing how mainstream media lies and does everything in its' power to crush dissent. Then you can wake up to the fact that many events are engineered to steer the population in a certain direction, whatever the agenda of the 1 percenters want it to go.
 Quoting: Anonymous Coward 78624985


I understand how things work. That does not make the legal or Constitution.

What help criminals get away with such elitism however, is propagating the notion that it is acceptable or lawful.

I can see through your disguise.

How does it feel to promote acceptance of tyranny? Is that your job?
 Quoting: Anonymous Coward 13455469


Honestly you're talking with an Anarcho-capitalist here. So if Congress dissolved tomorrow, I'd celebrate.
They are calling all kinds of tyrannical shots right now on the populace. I don't support any of it.
If you think the democrats or progressives don't do insider trading or whatever you are mistaken.
If insider trading should be made legal as some Libertarian people believe like those of the Austrian belief then it should be legal for all. And Martha Stewart is no where near the One percent.
Personally I like cryptocurrency.
 Quoting: Anonymous Coward 78624985


Well, you wouldn't need capital in anarchy, the economy would basically be theft. However I can see how identifying as an anarchist might be a reaction to an unlawful cabal running the world your whole life.

I can't see how it would make you promote the idea that elitism is legal. By doing so you bow to an authority. Perhaps you need to re-examine just exactly what your ideology is.
Grateful1

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03/20/2020 10:23 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
...


Please cite the specific law.

Such a law, policy or elite judicial action would violate the equal protection clause of the United States Constitution.
 Quoting: Anonymous Coward 13455469


What? You need someone to Google it for you?

Long story short: they were always immune from Insider Trading laws. Because of public outcry, they passed the STOCK act in 2011 to prohibit Insider Trading by members of Congress so the public could pat themselves on the back. The STOCK Act was recently revisited, and they gave themselves immunity. It's quite common that they exempt themselves from the very laws they happily impose on the rest of us. This one went a step further though since it was designed to apply only to them yet they still exempted themselves.
 Quoting: Festus Hoggbottom


I'm not seeing any reference to a specific statute in your reply.

So you must be part of the coverup crew.
 Quoting: Anonymous Coward 13455469


Still can't Google something yourself? Are you lazy or inept? Either way, shit has more value than you. Like actual, literal feces.
 Quoting: Festus Hoggbottom


This is from the OP’s original link.

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.”

The maximum prison sentence for an insider trading violation is now 20 years. The maximum criminal fine for individuals is now $5,000,000, and the maximum fine for non-natural persons (such as an entity whose securities are publicly traded) is now $25,000,000
Triton
Anonymous Coward
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03/20/2020 10:24 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
...


Please cite the specific law.

Such a law, policy or elite judicial action would violate the equal protection clause of the United States Constitution.
 Quoting: Anonymous Coward 13455469


What? You need someone to Google it for you?

Long story short: they were always immune from Insider Trading laws. Because of public outcry, they passed the STOCK act in 2011 to prohibit Insider Trading by members of Congress so the public could pat themselves on the back. The STOCK Act was recently revisited, and they gave themselves immunity. It's quite common that they exempt themselves from the very laws they happily impose on the rest of us. This one went a step further though since it was designed to apply only to them yet they still exempted themselves.
 Quoting: Festus Hoggbottom


I'm not seeing any reference to a specific statute in your reply.

So you must be part of the coverup crew.
 Quoting: Anonymous Coward 13455469


Still can't Google something yourself? Are you lazy or inept? Either way, shit has more value than you. Like actual, literal feces.
 Quoting: Festus Hoggbottom


The onus is on you, you made the claim.

You wanna defend criminals, OK that's your prerogative.

I'm not participating.
Eggcellently Deplorable
Re-Instate Smith-Mundt!

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03/20/2020 10:26 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!
 Quoting: M R E




Diane Feinstein and her ChiCom chauffeur make it 5.
"I have come to the conclusion that all news should be treated like 9/11, assume it is a psyop with actors participating in a staged event complete with props, until proven otherwise, in which case assume whatever is being recorded, reported, televised, is distortions/lying by omission/outright lies, until proven otherwise." - Anonymous, 4-13-12
Tyrone Slothrop

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03/20/2020 10:26 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
Yes, but is it illegal? I know it wasn't illegal for congress, but not sure if they changed. Definitely a shitty move, likely to ruin them politically, but not sure it's illegal for them.

It is for us though!
 Quoting: Doom Master


You 're kidding. TARP was passed one month before an election in spite of overwhelming public opposition and I won't bother to check how many got re elected.
Tyrone Slothrop
Anonymous Coward
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03/20/2020 10:26 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
...


What? You need someone to Google it for you?

Long story short: they were always immune from Insider Trading laws. Because of public outcry, they passed the STOCK act in 2011 to prohibit Insider Trading by members of Congress so the public could pat themselves on the back. The STOCK Act was recently revisited, and they gave themselves immunity. It's quite common that they exempt themselves from the very laws they happily impose on the rest of us. This one went a step further though since it was designed to apply only to them yet they still exempted themselves.
 Quoting: Festus Hoggbottom


I'm not seeing any reference to a specific statute in your reply.

So you must be part of the coverup crew.
 Quoting: Anonymous Coward 13455469


Still can't Google something yourself? Are you lazy or inept? Either way, shit has more value than you. Like actual, literal feces.
 Quoting: Festus Hoggbottom


This is from the OP’s original link.

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.”

The maximum prison sentence for an insider trading violation is now 20 years. The maximum criminal fine for individuals is now $5,000,000, and the maximum fine for non-natural persons (such as an entity whose securities are publicly traded) is now $25,000,000
 Quoting: Grateful1


Thanks Grateful1, I got caught up in all the strange posts defending this behavior and overlooked reading the link!
Grateful1

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03/20/2020 10:27 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
...


What? You need someone to Google it for you?

Long story short: they were always immune from Insider Trading laws. Because of public outcry, they passed the STOCK act in 2011 to prohibit Insider Trading by members of Congress so the public could pat themselves on the back. The STOCK Act was recently revisited, and they gave themselves immunity. It's quite common that they exempt themselves from the very laws they happily impose on the rest of us. This one went a step further though since it was designed to apply only to them yet they still exempted themselves.
 Quoting: Festus Hoggbottom


I'm not seeing any reference to a specific statute in your reply.

So you must be part of the coverup crew.
 Quoting: Anonymous Coward 13455469


Still can't Google something yourself? Are you lazy or inept? Either way, shit has more value than you. Like actual, literal feces.
 Quoting: Festus Hoggbottom


The onus is on you, you made the claim.

You wanna defend criminals, OK that's your prerogative.

I'm not participating.
 Quoting: Anonymous Coward 13455469


They are not exempt from insider trading any longer! The bill that addressed this was in the article in the link and I just posted the information on it above on this page.
Triton
MarkinAZ

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03/20/2020 10:33 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
Standard operating procedure for Trump Supporters in positions of power. Lie and cash in when and where you can.
Anonymous Coward
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03/20/2020 10:35 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
So does this mean the Trump actually knew about the virus yet he said he did know about it then? I mean he gets intelligence briefings more than the senators.
JypsieWind

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03/20/2020 10:36 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
Standard operating procedure for Trump Supporters in positions of power. Lie and cash in when and where you can.
 Quoting: MarkinAZ


Oh ffs.

It was LIBERAL AND REPUBLICANS
JypsieWind
Anonymous Coward
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03/20/2020 10:38 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
...


You cannot even see the other side of an argument or provide a decent one back. How sad.

Guess I struck a nerve. Whatever. Awakening to this matrix of lies and realizing the right and left are part of the same machine is going to be something you will need to do at some point in your life. First it starts off with seeing how the ruling class has separate rules for themselves which don't apply to us. Secondly you will start realizing how mainstream media lies and does everything in its' power to crush dissent. Then you can wake up to the fact that many events are engineered to steer the population in a certain direction, whatever the agenda of the 1 percenters want it to go.
 Quoting: Anonymous Coward 78624985


I understand how things work. That does not make the legal or Constitution.

What help criminals get away with such elitism however, is propagating the notion that it is acceptable or lawful.

I can see through your disguise.

How does it feel to promote acceptance of tyranny? Is that your job?
 Quoting: Anonymous Coward 13455469


Honestly you're talking with an Anarcho-capitalist here. So if Congress dissolved tomorrow, I'd celebrate.
They are calling all kinds of tyrannical shots right now on the populace. I don't support any of it.
If you think the democrats or progressives don't do insider trading or whatever you are mistaken.
If insider trading should be made legal as some Libertarian people believe like those of the Austrian belief then it should be legal for all. And Martha Stewart is no where near the One percent.
Personally I like cryptocurrency.
 Quoting: Anonymous Coward 78624985


Well, you wouldn't need capital in anarchy, the economy would basically be theft. However I can see how identifying as an anarchist might be a reaction to an unlawful cabal running the world your whole life.

I can't see how it would make you promote the idea that elitism is legal. By doing so you bow to an authority. Perhaps you need to re-examine just exactly what your ideology is.
 Quoting: Anonymous Coward 13455469


anarchy is actually not violent.An=without archy-rule. That's all it means. Theft exists now in our current system all around us and government is the main perpetrator of it.
Capital is anything of value not just paper money. Of course it would exist and always has. The free trade of capital in open markets is part of a truly free society.
Great article here: [link to mises.org (secure)]
Fair Use:
"Unlike minarchism, anarcho-capitalism makes no unreasonable expectations of the public. The minarchist has to figure out how to persuade the public that even though the state has the raw power to redistribute wealth and fund cute projects everyone likes, it really shouldn’t. The minarchist has to explain, one at a time, the problems with each and every conceivable state intervention, while in the meantime the intellectual class, the universities, the media, and the political class combine against him to convey the very opposite message."
Anonymous Coward
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03/20/2020 10:45 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
Standard operating procedure for Trump Supporters in positions of power. Lie and cash in when and where you can.
 Quoting: MarkinAZ


Oh ffs.

It was LIBERAL AND REPUBLICANS
 Quoting: JypsieWind


uwish
Tyrone Slothrop

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03/20/2020 10:55 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
PLUS, it doesn't always work that way. If the FED told someone it was gonna cut interest rates to zero-.25 tomorrow and they bought they would have lost their ass.
Tyrone Slothrop
Baby Xoda

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03/20/2020 11:12 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
We don’t live in the society we think we do.
I reserve the right to declare my comments and posts as satire. Nothing I post should be considered or interpreted as advocacy for illegal activity. My comments are designed to inspire critical political thinking.
GA Girl

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03/20/2020 11:18 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 really think they would have a hard time convicting any of them on this because it was public knowledge and on the news. You cannot blame a person for protecting assets given the possible world financial melt-down. I mean, many of us saw this coming and got out in January. Just because they were in various meetings doesn't mean squat. I'm sure if investigations were made, a whole lot more than 4 sold stocks. Acting on a general hunch given public news is NOT insider trading - even if they did have meetings about CV19. Purchasing specific stocks or selling specific stocks based in information only a select few know is insider trading. Investing in specific companies making vaccines or a cure would be insider trading. But selling off your stock base? Nope.
My Fear

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03/20/2020 11:21 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
You are full of it or very much behind on current laws. Congress is allowed insider trading. That change came in the middle of Obama's term in office.
Evangelina

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03/20/2020 11:27 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!
 Quoting: M R E




Diane Feinstein and her ChiCom chauffeur make it 5.
 Quoting: Eggcellently Deplorable



I saw that!! Knuckleheads. Like no one is paying attention. 1rof1
You say there is no God.. but I KNOW there is, experience will "Trump" theory every time ~ Evangelina

It is not the greatness of my faith that moves mountains but my faith in the Greatness of God

TRUTH has Nothing to do with the Number of People Who are Convinced of it.

Silence in the face of evil is itself evil; God will not hold us guiltless. Not to speak is to speak. Not to act is to act.
-Dietrich Bonhoeffer

NO AMOUNT OF EVIDENCE WILL EVER PERSUADE AN IDIOT ~~ MARK TWAIN
Anonymous Coward
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03/20/2020 11:31 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
Two tiered law system does not apply to them, so nothing will happen
Major Doom

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03/20/2020 11:31 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 see how dumping stocks that are losing it's value rapidly is insider trading. It's been obvious that stocks in the resort, airline, hotels, etc are rapid dropping in value. The writing is all over the wall and has been since January. If I had stocks like that, I'd dump them too before losing even more money. How is losing millions in the stock market insider trading? I guess I'm not seeing it.
DOOM is what you make of it.
twistedcherry

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03/20/2020 11:35 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 has always operated on the premise of "rules for thee and not for me"
Anonymous Coward
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03/20/2020 11:55 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
women
Blue State Rebel

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03/20/2020 12:02 PM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
IMO, these assholes should be publicly executed and in a decent society, they would be.

But now we can see WHY the Republican Establishment has been pushing this WHORE Kelly Loeffler instead of Doug Collins, who is a 100% stand up guy. It's because she is hooked into the Stock Exchange through her hubby and it's all about money to these people, Repubs are NO BETTER, they're just more DIGNIFIED.

I hope Doug Collins wipes the floor with this WHORE in November.
Blue State Rebel

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03/20/2020 12:03 PM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
BTW....you all realize, sadly, that NOTHING will happen to ANY of these crooks.

In fact, they'll all end up on TV telling us what TERRIBLE PEOPLE WE ARE.
GA Girl

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03/20/2020 12:10 PM

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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 see how dumping stocks that are losing it's value rapidly is insider trading. It's been obvious that stocks in the resort, airline, hotels, etc are rapid dropping in value. The writing is all over the wall and has been since January. If I had stocks like that, I'd dump them too before losing even more money. How is losing millions in the stock market insider trading? I guess I'm not seeing it.
 Quoting: Major Doom


I don't, either. CV19 was public knowledge way back in January (possibly earlier, that's just when I clued into it). Heck, I went, "This might not end well," which prompted me to purchase N95 masks and preps - and sell almost all of my stocks. I don't see how anyone could convict on these people selling stocks on the hunch that the economy might be impacted by CV19 when it was in the news for public consumption - despite them having meetings over it. This is just a witch hunt.
Anonymous Coward
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03/20/2020 12:10 PM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Oh my god! Politicians are crooks! I never knew. Lol.
Blue State Rebel

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03/20/2020 12:13 PM
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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 see how dumping stocks that are losing it's value rapidly is insider trading. It's been obvious that stocks in the resort, airline, hotels, etc are rapid dropping in value. The writing is all over the wall and has been since January. If I had stocks like that, I'd dump them too before losing even more money. How is losing millions in the stock market insider trading? I guess I'm not seeing it.
 Quoting: Major Doom


I don't, either. CV19 was public knowledge way back in January (possibly earlier, that's just when I clued into it). Heck, I went, "This might not end well," which prompted me to purchase N95 masks and preps - and sell almost all of my stocks. I don't see how anyone could convict on these people selling stocks on the hunch that the economy might be impacted by CV19 when it was in the news for public consumption - despite them having meetings over it. This is just a witch hunt.
 Quoting: GA Girl



You don't understand how having inside information and basing not only your own personal financial decisions on it, but CREATING PUBLIC DECISIONS that makes the general public's situation much worse financially and otherwise, is wrong. You don't understand this?

In a decent society, which we are not, all of these people would AND SHOULD, be executed. I mean this LITERALLY. This would not be tolerated in a society where public officials actually were expected to have a duty to work in the PUBLIC'S INTEREST and not in their OWN, which is what they've done.
Anonymous Coward
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03/20/2020 12:14 PM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Guys we need a way to rise up. Yes, we know this info, but are there ways we can spread this to the general public? I feel like the global cabal thinks they can win. But with communication where it is, I don’t the
Ink they expect us to get this information so quickly. Now we just need a medium to share the info!!
Blue State Rebel

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03/20/2020 12:18 PM
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Re: Four Senators Dumped Millions In Stock After Closed-Door Coronavirus Briefings – They Face Up To 20 Years In Prison
Guys we need a way to rise up. Yes, we know this info, but are there ways we can spread this to the general public? I feel like the global cabal thinks they can win. But with communication where it is, I don’t the
Ink they expect us to get this information so quickly. Now we just need a medium to share the info!!
 Quoting: Anonymous Coward 73346097



You're not going to do that online obviously. Whatever people do they have to do privately on their own. I'm sure people will figure it out when the time comes. If they don't, they'll die just like people in Germany, Russia, Cuba, China, etc, all did. My only advice is to buy more guns and ammo while you can and figure out where to hide them outside the house.





GLP