I am NOT happy.
Have you heard about this? In February, a couple of weeks before the stock market stared going down, North Carolina Senator Richard Burr had a group fundraiser meeting, with donors of a group who paid between $500 and $10,000 - called The Tarheel Club.
This morning, NPR played a story about how Sen. Burr told the Tarheel Club On FEBRUARY 27 that the Coronia Virus was going to take a very significant bite out of the whole world’s economy, and was going to be very, very bad.
(NPR story here:
https://www.npr.org/2020/03/19/8181...-questions-about-private-comments-on-covid-19 )
Tonight, it turns out THAT SAME DAY, Sen. Burr SOLD $1.5 million dollars worth of stock, in 26 small trades, liquidating everything.
Sen. Burr sits on the Senate National Intelligence committee, and would have been in a position to be briefed daily on the Governments assessments and plans to deal with...the Covid-19 virus.
From Propublica.org tonight:
Sen Burr Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness
GOP Senator Dumped Stock Before Coronavirus Crisis
March 19, 2020 at 5:19 pm EDT
By Taegan Goddard
ProPublica: “Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.”
More:
“As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.”
“A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.”
“On Thursday, Burr came under fire after NPR obtained a secret recording from Feb. 27, in which the lawmaker gave a VIP group at an exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public.”
Link:
https://www.propublica.org/article/...ssuring-public-about-coronavirus-preparedness
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