He offered public assurances that the government was ready to face coronavirus then Senate Intelligence Committee Chairman Richard Burr sold off $1.56 million of stock but never warned us. Make a warning example of Burr and let him share the fate of Harvey Weinstein’s fall into prison.
Then there is Sen. Kelly Loeffler (R-GA). She reported the first sale of stock jointly owned by her and her husband on Jan. 24, the very day that her committee, the Senate Health Committee, hosted a private, all-senators briefing. Let the full fury of the American people engulf Loeffler and her husband and Burr.
In what amounted to almost a parody of greed, power and corruption, as COVID-19 swept America in March of 2020, news broke that four senators had dumped millions of dollars’ worth of stock before the virus was news. While Capitol Hill was being briefed on the threat of coronavirus long before the markets tanked as infections soared, Republicans Richard Burr, Kelly Loeffler and James Inhofe and Democrat Dianne Feinstein collectively offloaded up to $11million in stock between late January and early February 2020. Burr, was the chair of the Senate Intelligence Committee that was directly briefed on coronavirus. He then sold up to $1.7 million in stock including in hotels.
Loeffler dumped up to $3.1 million in investments starting on the day the Senate Health Committee, which she sits on, was briefed by the CDC. Meanwhile James Inhofe sold up to $400,000 in stock including real estate. According to The Daily Beast, Senator Kelly Loeffler and her husband, Jeffrey Sprecher, the chairman of the New York Stock Exchange, sold $3.1 million in stock between late January and early February. The first sale was in the firm Resideo Technologies worth between $50,001 and $100,000 and made on January 24, the same day her committee – the Senate Health Committee – held a briefing with the CDC. The stock then halved in value in days after their sale. During the same period the couple made just two purchases, one of which was stock in a tele-working company that has seen an increase in price amid office shutdowns.
Meanwhile Richard Burr, Republican chair of the Senate Intelligence Committee which was being briefed on coronavirus, offloaded between $582,029 and $1.56 million of his stock holdings in mid-February. Burr dumped $150,000 worth of shares of Wyndham Hotels and Resorts stock and $100,000 worth of shares of Extended Stay America. Burr later went on to warn people at a meeting in Washington with big donors that coronavirus was likely to cause significant disruption to businesses— even as Donald Trump was playing down the threat calling it a “hoax” and invention of the “liberal media.”
They must go to prison and then we must do what Elizabeth Warren called for: “Today, I’m announcing a comprehensive set of far-reaching and aggressive proposals to root out corruption in Washington. It’s the most sweeping set of anti-corruption reforms since Watergate. The goal of these measures is straightforward: to take power away from the wealthy and the well-connected in Washington and put it back where it belongs – in the hands of the people.”