Thu Mar 19, 2020, 10:28 PM

MelissaB (16,411 posts)

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.

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63 replies	Author	Time	Post
We are up to 5 greedy, corrupt politicians who dumped stock when they knew it would fall. (Original post)	MelissaB	Mar 2020	OP
just goes to show that there is left/right, have/have not...	NRaleighLiberal	Mar 2020	#1
One Dem to four Repubs. nt	tblue37	Mar 2020	#2
Whoever did it should be equally charged	relayerbob	Mar 2020	#3
Somehow Loeffler is the worst for me, maybe because I get to vote her out!	greymattermom	Mar 2020	#4
air fistbump She's imported, too. She has got to go. nt	crickets	Mar 2020	#20
Plus she is already worth 500 million. I mean, why would you need to steal more?	Midnight Writer	Mar 2020	#61
It's all one big club and we're not a part of it. (n/t)	SMC22307	Mar 2020	#5
Shades of George Carlin. I miss him.	alwaysinasnit	Mar 2020	#29
You ain't in it	Blecht	Mar 2020	#36
The Truth!!!!	Catch2.2	Mar 2020	#50
This pisses me off more than I can articulate	CanonRay	Mar 2020	#6
This message was self-deleted by its author	rufus dog	Mar 2020	#7
I'll be calling her office TOMORROW!!!!	diva77	Mar 2020	#28
They should all resign. Really disappointed in Feinstein.	Hoyt	Mar 2020	#8
Martha served her time, so the rest can as well.	Frustratedlady	Mar 2020	#11
I agree. I as thinking about Stewart to.	Hoyt	Mar 2020	#13
Her and her husband are worth around $700 million dollars.	Blue_true	Mar 2020	#35
Careful. She seems to have sold at a low and sold what might have been advised to hold. . . nt	Bernardo de La Paz	Mar 2020	#53
I would think there's more	jimfields33	Mar 2020	#9
If I knew My stock stock was going to free fall I would do the same thing. Dump it.	demosincebirth	Mar 2020	#10
At best it's unethical, immoral for a government official to use info others are not	Hoyt	Mar 2020	#12
I think the STOCK act made it illegal.	Adsos Letter	Mar 2020	#19
Thanks. I'm not completely sure about legalities, but it ain't right.	Hoyt	Mar 2020	#23
If it's insider trading, yes.	Qutzupalotl	Mar 2020	#16
+1	crickets	Mar 2020	#21
If you're in a position that you have access to information that others don't have	Mariana	Mar 2020	#24
If you got the information from a confidential source not available to the public	The Velveteen Ocelot	Mar 2020	#33
Yes, if you had information that was priviledged and not yet public.	Blue_true	Mar 2020	#37
Except Feinsteins didn't. Her husband sold it a fiveyear low and it went up afterward.	Bernardo de La Paz	Mar 2020	#56
I'm not surprised by DIFI.	Baitball Blogger	Mar 2020	#14
All of them should resign, regardless of party affiliation	Snake Plissken	Mar 2020	#15
#6: David Perdue, Republican Senator from Georgia	MelissaB	Mar 2020	#17
Since Loeffler was in on it, I'd be surprised if Purdue wasn't. Jerks. nt	crickets	Mar 2020	#22
Duffy haven't shown to dump economic related sucks	uponit7771	Mar 2020	#18
Is Jerry Moran one of them? nt	Ilsa	Mar 2020	#25
those that dump early in january on the 24 or a few day later are probably suspicious	drray23	Mar 2020	#26
I don't care what party they are, if they got out and left the public to lose	dem4decades	Mar 2020	#27
Oh no, I can hardly believe it - Diane Feinstein???	FM123	Mar 2020	#30
Her case doesn't make sense.	Blue_true	Mar 2020	#39
Yes, I will wait for an explanation too....	FM123	Mar 2020	#42
They can all keep company with former Rep. Chris Collins in jail (hopefully).	alwaysinasnit	Mar 2020	#31
Thanks for your remarkable work calling out all these scumbucket thieves tonight, MelissaB!!	Leghorn21	Mar 2020	#32
Feinstein doesn't make sense. She is mega-rich, like hundreds of millions	Blue_true	Mar 2020	#34
Will you extend the same benefit of the doubt to Loeffler?	sarisataka	Mar 2020	#43
Yes. People like that have other people manage their wealth.	Blue_true	Mar 2020	#45
Fair enough	sarisataka	Mar 2020	#47
Yeah. She sold it at a low point. I don't think the outrage is exactly on point. . . . nt	Bernardo de La Paz	Mar 2020	#52
I noticed that the outrage is coming from specific types.	Blue_true	Mar 2020	#62
My magic 8 Ball says...	Brother Buzz	Mar 2020	#38
I would not be so fast. In her case selling to save a few hundred thousand	Blue_true	Mar 2020	#41
I'm willing to wait, but my magic 8 Ball isn't so generous	Brother Buzz	Mar 2020	#48
Bye bye Dianne Feinstein	budkin	Mar 2020	#40
I think that's premature	Mersky	Mar 2020	#49
Are you sure she was trying to "profit" by selling at a low for that stock?	Bernardo de La Paz	Mar 2020	#54
All should resign	sarisataka	Mar 2020	#44
Watch them cut a deal to drop investigations into Bill Barr	Under The Radar	Mar 2020	#46
History will show Feinstein's circumstance does not fit with others. nt	greyl	Mar 2020	#51
I think that is likely. . . . nt	Bernardo de La Paz	Mar 2020	#55
Yeah, let's not Franken Feinstein, people. nt	greyl	Mar 2020	#59
This message was self-deleted by its author	Bernardo de La Paz	Mar 2020	#57
Loeffler's hubby is Chairman of the NY Stock Exchange. Who did they tip & who watched their signal?	Bernardo de La Paz	Mar 2020	#58
*DIFI'S HUSBAND IS IN THE CLEAR !!!*	uponit7771	Mar 2020	#60
The Feinstein one is FLAT OUT FALSE	Steven Maurer	Mar 2020	#63

Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:29 PM

NRaleighLiberal (58,552 posts)

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.

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:29 PM

tblue37 (59,543 posts)

2. One Dem to four Repubs. nt

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:30 PM

relayerbob (5,974 posts)

3. Whoever did it should be equally charged

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:30 PM

greymattermom (5,724 posts)

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.

Reply to this post

Response to greymattermom (Reply #4)

Thu Mar 19, 2020, 10:48 PM

crickets (25,121 posts)

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

Reply to this post

Response to greymattermom (Reply #4)

Fri Mar 20, 2020, 02:27 AM

Midnight Writer (19,411 posts)

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

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:30 PM

SMC22307 (8,048 posts)

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

Reply to this post

Response to SMC22307 (Reply #5)

Thu Mar 19, 2020, 11:36 PM

alwaysinasnit (4,885 posts)

29. Shades of George Carlin. I miss him.

Reply to this post

Response to SMC22307 (Reply #5)

Thu Mar 19, 2020, 11:52 PM

Blecht (3,800 posts)

36. You ain't in it

Reply to this post

Response to Blecht (Reply #36)

Fri Mar 20, 2020, 01:11 AM

Catch2.2 (629 posts)

50. The Truth!!!!

Great clip!

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:31 PM

CanonRay (13,250 posts)

6. This pisses me off more than I can articulate

Reply to this post

Response to MelissaB (Original post)

rufus dog This message was self-deleted by its author.

Response to rufus dog (Reply #7)

Thu Mar 19, 2020, 11:30 PM

diva77 (6,906 posts)

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

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:32 PM

Hoyt (54,770 posts)

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

And prosecuted if warranted.

Reply to this post

Response to Hoyt (Reply #8)

Thu Mar 19, 2020, 10:37 PM

Frustratedlady (16,254 posts)

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.

Reply to this post

Response to Frustratedlady (Reply #11)

Thu Mar 19, 2020, 10:38 PM

Hoyt (54,770 posts)

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

Reply to this post

Response to Frustratedlady (Reply #11)

Thu Mar 19, 2020, 11:48 PM

Blue_true (31,261 posts)

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.

Reply to this post

Response to Hoyt (Reply #8)

Fri Mar 20, 2020, 01:29 AM

Bernardo de La Paz (45,632 posts)

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

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:33 PM

jimfields33 (13,146 posts)

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

demosincebirth (12,382 posts)

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

Is that illegal?

Reply to this post

Response to demosincebirth (Reply #10)

Thu Mar 19, 2020, 10:37 PM

Hoyt (54,770 posts)

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

privy to, IMO.

Reply to this post

Response to Hoyt (Reply #12)

Thu Mar 19, 2020, 10:47 PM

Adsos Letter (19,459 posts)

19. I think the STOCK act made it illegal.

But I’m not an attorney, so...

Reply to this post

Response to Adsos Letter (Reply #19)

Thu Mar 19, 2020, 10:51 PM

Hoyt (54,770 posts)

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

Reply to this post

Response to demosincebirth (Reply #10)

Thu Mar 19, 2020, 10:42 PM

Qutzupalotl (13,395 posts)

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.

Reply to this post

Response to Qutzupalotl (Reply #16)

Thu Mar 19, 2020, 10:49 PM

crickets (25,121 posts)

21. +1

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Response to demosincebirth (Reply #10)

Thu Mar 19, 2020, 11:00 PM

Mariana (14,591 posts)

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.

Reply to this post

Response to demosincebirth (Reply #10)

Thu Mar 19, 2020, 11:41 PM

The Velveteen Ocelot (108,891 posts)

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.

Reply to this post

Response to demosincebirth (Reply #10)

Thu Mar 19, 2020, 11:53 PM

Blue_true (31,261 posts)

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.

Reply to this post

Response to demosincebirth (Reply #10)

Fri Mar 20, 2020, 01:33 AM

Bernardo de La Paz (45,632 posts)

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

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:40 PM

Baitball Blogger (45,741 posts)

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.

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:41 PM

Snake Plissken (4,103 posts)

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

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:42 PM

MelissaB (16,411 posts)

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

https://www.democraticunderground.com/100213133754

Reply to this post

Response to MelissaB (Reply #17)

Thu Mar 19, 2020, 10:50 PM

crickets (25,121 posts)

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

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 10:43 PM

uponit7771 (88,993 posts)

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

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:22 PM

Ilsa (61,230 posts)

25. Is Jerry Moran one of them? nt

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:24 PM

drray23 (7,159 posts)

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.

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:25 PM

dem4decades (10,527 posts)

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

Fuck them.

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:39 PM

FM123 (9,938 posts)

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

Reply to this post

Response to FM123 (Reply #30)

Fri Mar 20, 2020, 12:01 AM

Blue_true (31,261 posts)

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.

Reply to this post

Response to Blue_true (Reply #39)

Fri Mar 20, 2020, 12:11 AM

FM123 (9,938 posts)

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

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:40 PM

alwaysinasnit (4,885 posts)

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

https://buffalonews.com/2020/03/02/collins-imprisonment-delayed-until-april-21/

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:41 PM

Leghorn21 (13,242 posts)

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

WELL DONE

Reply to this post

Response to MelissaB (Original post)

Thu Mar 19, 2020, 11:42 PM

Blue_true (31,261 posts)

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

of dollars rich, so is Speaker Pelosi.

Reply to this post

Response to Blue_true (Reply #34)

Fri Mar 20, 2020, 12:11 AM

sarisataka (15,886 posts)

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

She too is mega-rich?

Reply to this post

Response to sarisataka (Reply #43)

Fri Mar 20, 2020, 12:17 AM

Blue_true (31,261 posts)

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.

Reply to this post

Response to Blue_true (Reply #45)

Fri Mar 20, 2020, 12:25 AM

sarisataka (15,886 posts)

47. Fair enough

I won't criticize when the standard is applied equally

Reply to this post

Response to Blue_true (Reply #34)

Fri Mar 20, 2020, 01:27 AM

Bernardo de La Paz (45,632 posts)

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

Reply to this post

Response to Bernardo de La Paz (Reply #52)

Fri Mar 20, 2020, 06:46 PM

Blue_true (31,261 posts)

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.

Reply to this post

Response to MelissaB (Original post)

Fri Mar 20, 2020, 12:00 AM

Brother Buzz (34,587 posts)

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.

Reply to this post

Response to Brother Buzz (Reply #38)

Fri Mar 20, 2020, 12:04 AM

Blue_true (31,261 posts)

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.

Reply to this post

Response to Blue_true (Reply #41)

Fri Mar 20, 2020, 12:32 AM

Brother Buzz (34,587 posts)