Before the coronavirus news really hit the U.S.—it looks like the D.C. swamp was doing what it does best.They may have been profiting off their exclusive intel and power.
Four senators—along with others—were briefed on the virus spread before the rest of the country. They had what we could call “insider information” about what this virus had the potential to do.
So, you’d think they would have gotten their states ready, right? Maybe urge citizens to remain calm, but practice ways to stay safe?
Nope! It looks like these senators actually dumped all their stocks, expecting a market crash.
I kid you not.
From Fox News:
Sen. Dianne Feinstein of California and three of her Senate colleagues reported selling off stocks worth millions of dollars in the days before the coronavirus outbreak crashed the market, according to reports…
Feinstein, who serves as ranking member of the Senate Judiciary Committee, and her husband sold between $1.5 million and $6 million in stock in California biotech company Allogene Therapeutics, between Jan. 31 and Feb. 18, The New York Times reported.
Wow. Dianne Feinstein and four other senators sold off millions worth of stock, right before the coronavirus crash.
It seems like they knew ahead of time that this virus was about to hit us hard. So now they are being accused of using insider knowledge to make bank, before other investors had a chance to prepare.
If that’s true, it’s pretty ruthless, if you ask me. In fact, those kinds of drastic actions might have actually helped encourage the market crash.
The senators in question are trying to deny blame or push it on others. Feinstein even said it was her husband who sold the stocks.
Yeah, because she had no idea what her husband was doing with million-dollar stocks. Are you buying that?
And now leaders in Congress—and across the country—are demanding serious consequences.
From NY Post:
“I don’t care if you’re Republican or Democrat,” tweeted Charlie Kirk, a prominent conservative activist and chair of Students for Trump. “If you trade with inside info to enrich yourself during a crisis you are a disgrace. Resign, apologize, and donate all earnings to families of victims of China Virus.”
Numerous leaders, both liberal and conservative, are calling out these senators. They are demanding that they resign and donate the money they made off their stock dump.
It’s really quite amazing to see people like Alexandria Ocasio-Cortez and Charlie Kirk in agreement over something. That’s how outrageous this situation is.
In business, if you buy or sell stock based on information only you know about, it’s called “insider trading.” People have gone to jail over it.
Are U.S. senators going to get a pass on it—right as a major crisis hits our country? Give me a break.
It doesn’t matter if you’re a Democrat or a Republican, this is concerning. These leaders should face due process and a fair investigation.
But if they are found guilty of wrongdoing, they should lose their jobs and give those profits to people in need.
What do you think?