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diva77

(7,605 posts)
Tue May 26, 2020, 04:13 PM May 2020

Feinstein cleared by Justice Department for husband's stock trades

Last edited Tue May 26, 2020, 07:38 PM - Edit history (3)

Source: LA Times

The Justice Department is dropping its inquiry into Sen. Dianne Feinstein for stock trades made as the novel coronavirus struck the U.S. and roiled the economy, a person familiar with the matter said.

Feinstein (D-Calif.) was among a handful of senators whose stock trades have been scrutinized by federal investigators to see if they violated a law preventing lawmakers from utilizing insider information they gleaned from their work. She had denied wrongdoing and said the trades were made by her husband.

A spokesman for Feinstein declined to comment.

Federal prosecutors informed Feinstein's personal attorney Tuesday afternoon of their decision. The person familiar with the matter said prosecutors were also closing investigations into two other senators who traded stocks in the days before the market tanked: Sen. Kelly Loeffler (R-Ga.) and Sen. Jim Inhofe (R-Idaho). Loeffler sold stocks valued at between $1.25 million and $3.1 million in late February and early March in companies that later dropped significantly. In January, Inhofe sold stocks valued at as much as $750,000.

SNIP

Congress prohibited lawmakers from acting on information they learn because of their privileged position, such as briefings with high-level federal officials, in 2012.

The STOCK Act requires lawmakers to disclose their stock market activity but allows them to own stock, even in industries they might oversee.

The law passed the Senate in 2012 in a 96-3 vote. Burr was one of the three no votes.


Read more: https://www.latimes.com/politics/story/2020-05-26/feinstein-cleared-by-justice-department-for-husbands-stock-trades



Edited to add afternoon update/comment: Bill Barr & his accomplices just dropped an investigation of U.S. Sen. Kelly Loeffler, R-Ga., and two Senate colleagues made following a closed-door briefing in January on the looming coronavirus pandemic, Loeffler's office confirmed Tuesday.

https://www.dawsonnews.com/local/government/justice-department-closes-investigation-loeffler-two-other-senators/



Nothing is ever clean with these rethugs.

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lagomorph777

(30,613 posts)
1. So Burr is still dangling in the wind?
Tue May 26, 2020, 04:17 PM
May 2020

He's already been punished for allowing some modicum of Russia investigation. So what's Barr up to now? Actual investigation?

Thekaspervote

(32,606 posts)
2. And herein lies the difference between an honest dem selling some stock and gop creeps
Tue May 26, 2020, 04:49 PM
May 2020

Taking insider info at the expense of all

diva77

(7,605 posts)
4. I know, right? Hard to accept an outcome from this "justice" dept. that favors a Dem without
Tue May 26, 2020, 05:40 PM
May 2020

thinking, "what is the ulterior motive behind the decision?"

cstanleytech

(26,080 posts)
8. The ulterior motive will probably be to use it to justify a decision
Tue May 26, 2020, 11:16 PM
May 2020

in favor of not charging Burr.

Grins

(7,134 posts)
5. That would be...
Tue May 26, 2020, 05:51 PM
May 2020

For the benefit of those on the Reich still pissed over anything Obama, Clinton, Holder, et al:

That would be “(Bill Barr’s) Justice Department is dropping its inquiry into Sen. Dianne Feinstein for stock trades.”

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