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Thu Mar 19, 2020, 10:28 PM

We are up to 5 greedy, corrupt politicians who dumped stock when they knew it would fall.

Running list:

1. Inhofe
https://www.democraticunderground.com/100213133296

2. Loeffler
https://www.democraticunderground.com/100213132961

3. Burr
https://www.democraticunderground.com/10142451598

4. Ron Johnson
https://www.democraticunderground.com/100213133448

5. Feinstein
https://www.democraticunderground.com/100213133490

6. David Perdue, Republican Senator from Georgia
https://www.democraticunderground.com/100213133754

Feel freed to add as the list grows.

Edited to add: There may be a reasonable explanation for Feinstein's trades even though it doesn't look good.

63 replies, 5700 views

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Reply We are up to 5 greedy, corrupt politicians who dumped stock when they knew it would fall. (Original post)
MelissaB Mar 2020 OP
NRaleighLiberal Mar 2020 #1
tblue37 Mar 2020 #2
relayerbob Mar 2020 #3
greymattermom Mar 2020 #4
crickets Mar 2020 #20
Midnight Writer Mar 2020 #61
SMC22307 Mar 2020 #5
alwaysinasnit Mar 2020 #29
Blecht Mar 2020 #36
Catch2.2 Mar 2020 #50
CanonRay Mar 2020 #6
rufus dog Mar 2020 #7
diva77 Mar 2020 #28
Hoyt Mar 2020 #8
Frustratedlady Mar 2020 #11
Hoyt Mar 2020 #13
Blue_true Mar 2020 #35
Bernardo de La Paz Mar 2020 #53
jimfields33 Mar 2020 #9
demosincebirth Mar 2020 #10
Hoyt Mar 2020 #12
Adsos Letter Mar 2020 #19
Hoyt Mar 2020 #23
Qutzupalotl Mar 2020 #16
crickets Mar 2020 #21
Mariana Mar 2020 #24
The Velveteen Ocelot Mar 2020 #33
Blue_true Mar 2020 #37
Bernardo de La Paz Mar 2020 #56
Baitball Blogger Mar 2020 #14
Snake Plissken Mar 2020 #15
MelissaB Mar 2020 #17
crickets Mar 2020 #22
uponit7771 Mar 2020 #18
Ilsa Mar 2020 #25
drray23 Mar 2020 #26
dem4decades Mar 2020 #27
FM123 Mar 2020 #30
Blue_true Mar 2020 #39
FM123 Mar 2020 #42
alwaysinasnit Mar 2020 #31
Leghorn21 Mar 2020 #32
Blue_true Mar 2020 #34
sarisataka Mar 2020 #43
Blue_true Mar 2020 #45
sarisataka Mar 2020 #47
Bernardo de La Paz Mar 2020 #52
Blue_true Mar 2020 #62
Brother Buzz Mar 2020 #38
Blue_true Mar 2020 #41
Brother Buzz Mar 2020 #48
budkin Mar 2020 #40
Mersky Mar 2020 #49
Bernardo de La Paz Mar 2020 #54
sarisataka Mar 2020 #44
Under The Radar Mar 2020 #46
greyl Mar 2020 #51
Bernardo de La Paz Mar 2020 #55
greyl Mar 2020 #59
Bernardo de La Paz Mar 2020 #57
Bernardo de La Paz Mar 2020 #58
uponit7771 Mar 2020 #60
Steven Maurer Mar 2020 #63

Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:29 PM

1. just goes to show that there is left/right, have/have not...

but there is also them/us.

What a joke - we are the suckers.

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:29 PM

2. One Dem to four Repubs. nt

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:30 PM

3. Whoever did it should be equally charged

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:30 PM

4. Somehow Loeffler is the worst for me, maybe because I get to vote her out!

She's a total rich Barbie Buckhead tool. Maybe she's smart, but who would know.

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Response to greymattermom (Reply #4)

Thu Mar 19, 2020, 10:48 PM

20. *air fistbump* She's imported, too. She has got to go. nt

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Response to greymattermom (Reply #4)

Fri Mar 20, 2020, 02:27 AM

61. Plus she is already worth 500 million. I mean, why would you need to steal more?

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:30 PM

5. It's all one big club and we're not a part of it. (n/t)

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Response to SMC22307 (Reply #5)

Thu Mar 19, 2020, 11:36 PM

29. Shades of George Carlin. I miss him.

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Response to SMC22307 (Reply #5)

Thu Mar 19, 2020, 11:52 PM

36. You ain't in it

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Response to Blecht (Reply #36)

Fri Mar 20, 2020, 01:11 AM

50. The Truth!!!!

Great clip!

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:31 PM

6. This pisses me off more than I can articulate

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Response to MelissaB (Original post)


Response to rufus dog (Reply #7)

Thu Mar 19, 2020, 11:30 PM

28. I'll be calling her office TOMORROW!!!!



I'd like to see her resign and have Newsom appoint Kevin De Leon to serve out her term. He's VERY impressive and perfect to rep CA in the US Senate. https://en.wikipedia.org/wiki/Kevin_de_Le%C3%B3n
==============
Senator Dianne Feinstein

United States Senate
331 Hart Senate Office Building
Washington, D.C. 20510

Phone: (202) 224-3841
Fax: (202) 228-3954
TTY/TDD: (202) 224-2501

San Francisco
One Post Street, Suite 2450
San Francisco, CA 94104
Phone: (415) 393-0707
Fax: (415) 393-0710

Los Angeles
11111 Santa Monica Blvd., Suite 915
Los Angeles, CA 90025
Phone: (310) 914-7300
Fax: (310) 914-7318

San Diego
880 Front Street, Suite 4236
San Diego, CA 92101
Phone: (619) 231-9712
Fax: (619) 231-1108

Fresno
2500 Tulare Street, Suite 4290
Fresno, CA 93721
Phone: (559) 485-7430
Fax: (559) 485-9689

K&R for exposure

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:32 PM

8. They should all resign. Really disappointed in Feinstein.

 

And prosecuted if warranted.

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Response to Hoyt (Reply #8)

Thu Mar 19, 2020, 10:37 PM

11. Martha served her time, so the rest can as well.

Diane knows better, surely. I heard she was quite wealthy, as was her husband. Didn't he have an inside lane to buying government buildings, or some such?

How much money do these people need? I don't know how much info these forms expose (too small to read), but it sure is suspicious.

Very interesting.

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Response to Frustratedlady (Reply #11)

Thu Mar 19, 2020, 10:38 PM

13. I agree. I as thinking about Stewart to.

 

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Response to Frustratedlady (Reply #11)

Thu Mar 19, 2020, 11:48 PM

35. Her and her husband are worth around $700 million dollars.

This is why I think her sales were innocent. With her wealth, she likely has people doing the transactions, but she has to report the sales. I will wait for her explanation.

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Response to Hoyt (Reply #8)

Fri Mar 20, 2020, 01:29 AM

53. Careful. She seems to have sold at a low and sold what might have been advised to hold. . . nt

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:33 PM

9. I would think there's more

Only 5 out of 100? Hmmmm. I bet we will be finding out many more as time goes on.

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:33 PM

10. If I knew My stock stock was going to free fall I would do the same thing. Dump it.

Is that illegal?

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Response to demosincebirth (Reply #10)

Thu Mar 19, 2020, 10:37 PM

12. At best it's unethical, immoral for a government official to use info others are not

 

privy to, IMO.

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Response to Hoyt (Reply #12)

Thu Mar 19, 2020, 10:47 PM

19. I think the STOCK act made it illegal.

But Iím not an attorney, so...

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Response to Adsos Letter (Reply #19)

Thu Mar 19, 2020, 10:51 PM

23. Thanks. I'm not completely sure about legalities, but it ain't right.

 

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Response to demosincebirth (Reply #10)

Thu Mar 19, 2020, 10:42 PM

16. If it's insider trading, yes.

Trading on non-public information.

Best way to avoid that is do what they should have done and warn the public, what with them being public officials and all. Then sell. But they would have made less money.

Shows you their priorities.

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Response to Qutzupalotl (Reply #16)

Thu Mar 19, 2020, 10:49 PM

21. +1

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Response to demosincebirth (Reply #10)

Thu Mar 19, 2020, 11:00 PM

24. If you're in a position that you have access to information that others don't have

about events or actions that can directly affect the value of a particular stock, it would be highly unethical for you to trade in that stock in the first place.

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Response to demosincebirth (Reply #10)

Thu Mar 19, 2020, 11:41 PM

33. If you got the information from a confidential source not available to the public

and don't report it, it's illegal insider trading.

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Response to demosincebirth (Reply #10)

Thu Mar 19, 2020, 11:53 PM

37. Yes, if you had information that was priviledged and not yet public.

If you just had a hunch that woke you up from sleep and the next morning you sold everything when the market opened, then at 2pm really bad news hit the market, the SEC may flag your transaction and look into you, but once they see you had no insider information and don't know anyone that does, they would close the case without recommending to Justice that you be charged.

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Response to demosincebirth (Reply #10)

Fri Mar 20, 2020, 01:33 AM

56. Except Feinsteins didn't. Her husband sold it a fiveyear low and it went up afterward.

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:40 PM

14. I'm not surprised by DIFI.

Last edited Thu Mar 19, 2020, 11:23 PM - Edit history (1)

There was a week when the market began to dive. Any point after that would have been understandable. Anytime before that, questionable.

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:41 PM

15. All of them should resign, regardless of party affiliation

While everyone else's retirement plans took a huge hit, they were only concerned with protecting their millions

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:42 PM

17. #6: David Perdue, Republican Senator from Georgia

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Response to MelissaB (Reply #17)

Thu Mar 19, 2020, 10:50 PM

22. Since Loeffler was in on it, I'd be surprised if Purdue wasn't. Jerks. nt

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:43 PM

18. Duffy haven't shown to dump economic related sucks

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:22 PM

25. Is Jerry Moran one of them? nt

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:24 PM

26. those that dump early in january on the 24 or a few day later are probably suspicious

In february or even late february, I dont think they will be convicted for that. There was a lot of public information already available. it had spread to many countries and lots were dying.
See https://www.worldometers.info/coronavirus/ and look at the bottom for sources and look at timeline.

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:25 PM

27. I don't care what party they are, if they got out and left the public to lose

Fuck them.

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:39 PM

30. Oh no, I can hardly believe it - Diane Feinstein???

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Response to FM123 (Reply #30)

Fri Mar 20, 2020, 12:01 AM

39. Her case doesn't make sense.

I will wait for her explanation. She and her husband are mega-rich, like $700-$900 million rich, if not more. I just don't see her damaging her reputation to save for her what is a couple pennies. Also, people that rich have advisory firms that manage their assets, that firm could have sold with no connection to her, but it would have to tell her it sold because she has to report the sale. Like I said, I will wait for her explanation.

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Response to Blue_true (Reply #39)

Fri Mar 20, 2020, 12:11 AM

42. Yes, I will wait for an explanation too....

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:40 PM

31. They can all keep company with former Rep. Chris Collins in jail (hopefully).

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:41 PM

32. Thanks for your remarkable work calling out all these scumbucket thieves tonight, MelissaB!!

WELL DONE

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Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:42 PM

34. Feinstein doesn't make sense. She is mega-rich, like hundreds of millions

of dollars rich, so is Speaker Pelosi.

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Response to Blue_true (Reply #34)

Fri Mar 20, 2020, 12:11 AM

43. Will you extend the same benefit of the doubt to Loeffler?

She too is mega-rich?

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Response to sarisataka (Reply #43)

Fri Mar 20, 2020, 12:17 AM

45. Yes. People like that have other people manage their wealth.

Except in Loeffler's case, her or her husband had to pay a massive fine for this type of activity, Feinstein doesn't have that record. But even for the Georgia Senator, I will wait for her explanation.

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Response to Blue_true (Reply #45)

Fri Mar 20, 2020, 12:25 AM

47. Fair enough

I won't criticize when the standard is applied equally

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Response to Blue_true (Reply #34)

Fri Mar 20, 2020, 01:27 AM

52. Yeah. She sold it at a low point. I don't think the outrage is exactly on point. . . . nt

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Response to Bernardo de La Paz (Reply #52)

Fri Mar 20, 2020, 06:46 PM

62. I noticed that the outrage is coming from specific types.

I read that she should resign and DeLeon be given her seat. I read where someone called her a DINO that has never been on our side. I read where someone accused her and her husband of profiteering from the Iraq War, though it baffles me how a Bay Area office building Developer and his US Senator wife would make that work. It's all coming from certain types.

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Response to MelissaB (Original post)

Fri Mar 20, 2020, 12:00 AM

38. My magic 8 Ball says...

Governor Gavin Newsom will be tapping a new senator from California, and 86 year old DIFI will just ride into the sunset.

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Response to Brother Buzz (Reply #38)

Fri Mar 20, 2020, 12:04 AM

41. I would not be so fast. In her case selling to save a few hundred thousand

absolutely don't make sense, the woman and her husband are mega-rich. My guess, her financial advisers sold then notified her because she has to file an ethics report.

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Response to Blue_true (Reply #41)

Fri Mar 20, 2020, 12:32 AM

48. I'm willing to wait, but my magic 8 Ball isn't so generous

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Response to MelissaB (Original post)

Fri Mar 20, 2020, 12:03 AM

40. Bye bye Dianne Feinstein

You really screwed the pooch.

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Response to budkin (Reply #40)

Fri Mar 20, 2020, 12:59 AM

49. I think that's premature

Her sales donít look like insider trading. It was one position that she got out of and the first sale was at a pricing low.

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Response to budkin (Reply #40)

Fri Mar 20, 2020, 01:30 AM

54. Are you sure she was trying to "profit" by selling at a low for that stock?

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Response to MelissaB (Original post)

Fri Mar 20, 2020, 12:14 AM

44. All should resign

or if they won't resign, be expelled

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Response to MelissaB (Original post)

Fri Mar 20, 2020, 12:21 AM

46. Watch them cut a deal to drop investigations into Bill Barr

And Barr makes all of this go away, just as the Russian interference cases have been dropped.

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Response to MelissaB (Original post)

Fri Mar 20, 2020, 01:14 AM

51. History will show Feinstein's circumstance does not fit with others. nt

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Response to greyl (Reply #51)

Fri Mar 20, 2020, 01:30 AM

55. I think that is likely. . . . nt

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Response to Bernardo de La Paz (Reply #55)

Fri Mar 20, 2020, 02:08 AM

59. Yeah, let's not Franken Feinstein, people. nt

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Response to MelissaB (Original post)


Response to MelissaB (Original post)

Fri Mar 20, 2020, 01:59 AM

58. Loeffler's hubby is Chairman of the NY Stock Exchange. Who did they tip & who watched their signal?


A lot of people got tipped which is why the sell-off was so fast and steep that the little people didn't get much of a chance.

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Response to MelissaB (Original post)

Fri Mar 20, 2020, 02:24 AM

60. ***DIFI'S HUSBAND IS IN THE CLEAR !!!***

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