DOJ drops investigation on four Senators

[Pauls' Revere]

https://www.msn.com/en-us/news/polit...?ocid=msedgntp

The Department of Justice has dropped its investigation into three US senators accused of insider trading after receiving closed-door briefings on the likely impact of the coronavirus.
Charges will not be filed against Republican senators Kelly Loeffler of Georgia and James Inhofe of Oklahoma, as well as Democratic Senator Diane Feinstein of California.
All three sold stock not long before markets nosedived in March as the wider world realized the economic damage that would come from the virus.
Loeffler, Inhofe, and Feinstein said they had no personal involvement in the sales, which were made by brokers without their direct input.
GOP Senator Richard Burr of North Carolina remains under investigation.
Burr dumped millions in hotel stocks as the pandemic began to spread from Asia, but says he made the decision after watching TV news reports.

[Anti Globalist]

Knew none of these senators would pay for their crimes.

[Cap]

More swamp draining.

[PAF]

More swamp draining.

Cap! Stick around!

[RonZeplin]

Fineswine is NOT going to jail, and neither is Hillary

continue looting & pillaging as usual




D&R party tradition

[TheCount]

Some animals are more equal than others

[Ender]

Cap! Stick around!

Agree! @Cap is one of my favorite members.

[osan]

More swamp draining.

What WHAT?

How is this draining the swamp? Illuminate me, please.

[CCTelander]

What WHAT?

How is this draining the swamp? Illuminate me, please.

Sarcasm detector on the fritz?

[acptulsa]

[shakey1]

Nothing new under the sun.

[osan]

Sarcasm detector on the fritz?

Big time, it would appear.

I buried a friend's cat this morning. I was very fond of Bill, so perhaps that explains the short-circuit.

[CCTelander]

Big time, it would appear.

I buried a friend's cat this morning. I was very fond of Bill, so perhaps that explains the short-circuit.

It happens. Sorry about Bill.

[dannno]

I thought libertarians were ok with insider trading?

What forum am I on?

Oh, I'm just in a thread full of anti-Trumpers, that's right.

Here's the real problem with these charges.. It is impossible to prove that they used their insider knowledge to sell the stocks when there was plenty of media for public consumption that would suggest they do the same.

[dannno]

Also I don't recall any Q posts on this topic, so it wasn't really on the radar of what is about to go down.

When I search Q posts for Feinstein, all I get is a bunch of stuff about her relationship with China.. Oh, and this.



[Picture Repost]A picture is worth a thousand words.See EVIL in the face of

FEINSTEIN

?

See FEAR & EMOTION in the face of MURKOWSKI?

A phone was present.

Q

[Swordsmyth]

I thought libertarians were ok with insider trading?

What forum am I on?

Oh, I'm just in a thread full of anti-Trumpers, that's right.

Here's the real problem with these charges.. It is impossible to prove that they used their insider knowledge to sell the stocks when there was plenty of media for public consumption that would suggest they do the same.

I'm against insider trading for politicians and for it for market actors.

But you are right that it would be VERY hard to prove the charges in these cases.
But these people will be punished for far greater crimes.

[Swordsmyth]

https://www.msn.com/en-us/news/polit...?ocid=msedgntp

The Department of Justice has dropped its investigation into three US senators accused of insider trading after receiving closed-door briefings on the likely impact of the coronavirus.
Charges will not be filed against Republican senators Kelly Loeffler of Georgia and James Inhofe of Oklahoma, as well as Democratic Senator Diane Feinstein of California.
All three sold stock not long before markets nosedived in March as the wider world realized the economic damage that would come from the virus.
Loeffler, Inhofe, and Feinstein said they had no personal involvement in the sales, which were made by brokers without their direct input.
GOP Senator Richard Burr of North Carolina remains under investigation.
Burr dumped millions in hotel stocks as the pandemic began to spread from Asia, but says he made the decision after watching TV news reports.

They are still going after Burr:

The DOJ dropped investigations into insider trading by Sens. Kelly Loeffler, James Inhofe, and Dianne Feinstein, however, they will continue the investigation against head of the Senate Select Committee of Intelligence, Sen. Richard Burr (R-NC)

[osan]

It happens. Sorry about Bill.

Thanks. He was a good boy.

OBTW, the cancer that killed him arose as the result of one of the vaccines he was given.

[eleganz]

I've never understood the criminality for insider trading for private citizens, Why cant you take an investment tip from somebody you know? If a certain corporate leader is telling people what might be happening in the company, wouldn't that be the corporation's duty to sign NDA's?

Public officials should be held to a higher standard but you can't tell them to just sit there and do nothing while kissing their investment goodbye. In that case the only other options is to force public officials to liquidate their assets before taking office.

[PAF]

I've never understood the criminality for insider trading for private citizens, Why cant you take an investment tip from somebody you know? If a certain corporate leader is telling people what might be happening in the company, wouldn't that be the corporation's duty to sign NDA's?

Public officials should be held to a higher standard but you can't tell them to just sit there and do nothing while kissing their investment goodbye. In that case the only other options is to force public officials to liquidate their assets before taking office.

I don't have a problem with that either, unless public/private companies are involved. I am sure most everybody here can see the conflict of interest with that. Legislation/bailouts... .gov picking and choosing winners/losers.

[Pauls' Revere]

They are still going after Burr:

The DOJ dropped investigations into insider trading by Sens. Kelly Loeffler, James Inhofe, and Dianne Feinstein, however, they will continue the investigation against head of the Senate Select Committee of Intelligence, Sen. Richard Burr (R-NC)

Bet he walks too, just might take longer.

[Swordsmyth]

I've never understood the criminality for insider trading for private citizens, Why cant you take an investment tip from somebody you know? If a certain corporate leader is telling people what might be happening in the company, wouldn't that be the corporation's duty to sign NDA's?

Public officials should be held to a higher standard but you can't tell them to just sit there and do nothing while kissing their investment goodbye. In that case the only other options is to force public officials to liquidate their assets before taking office.

In theory insider trading laws aimed at citizens destroy a valuable market signal.
Politicians are not market actors though and should not be able to profit off their power or use it to facilitate corruption.
They should all have to put their money into blind trusts.