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

[MelissaB]

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.

[NRaleighLiberal]

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.

[tblue37]

2. One Dem to four Repubs. nt

[relayerbob]

3. Whoever did it should be equally charged

[greymattermom]

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.

[crickets]

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

[Midnight Writer]

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

[SMC22307]

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

[alwaysinasnit]

29. Shades of George Carlin. I miss him.

[Blecht]

36. You ain't in it

[Catch2.2]

50. The Truth!!!!

Great clip!

[CanonRay]

6. This pisses me off more than I can articulate

[diva77]

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: [phone]
Fax: [phone]
TTY/TDD: [phone]

San Francisco
One Post Street, Suite 2450
San Francisco, CA 94104
Phone: [phone]
Fax: [phone]

Los Angeles
11111 Santa Monica Blvd., Suite 915
Los Angeles, CA 90025
Phone: [phone]
Fax: [phone]

San Diego
880 Front Street, Suite 4236
San Diego, CA 92101
Phone: [phone]
Fax: [phone]

Fresno
2500 Tulare Street, Suite 4290
Fresno, CA 93721
Phone: [phone]
Fax: [phone]

K&R for exposure

[Hoyt]

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

And prosecuted if warranted.

[Frustratedlady]

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.

[Hoyt]

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

[Blue_true]

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.

[Bernardo de La Paz]

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

[jimfields33]

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.

[demosincebirth]

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

Is that illegal?

[Hoyt]

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

privy to, IMO.

[Adsos Letter]

19. I think the STOCK act made it illegal.

But I’m not an attorney, so...

[Hoyt]

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

[Qutzupalotl]

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.

[crickets]

21. +1

[Mariana]

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.

[The Velveteen Ocelot]

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.

[Blue_true]

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.

[Bernardo de La Paz]

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

[Baitball Blogger]

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.

[Snake Plissken]

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

[MelissaB]

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

https://www.democraticunderground.com/100213133754

[crickets]

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

[uponit7771]

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

[Ilsa]

25. Is Jerry Moran one of them? nt

[drray23]

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.

[dem4decades]

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

Fuck them.

[FM123]

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

[Blue_true]

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.

[FM123]

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

[alwaysinasnit]

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/

[Leghorn21]

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

WELL DONE

[Blue_true]

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

of dollars rich, so is Speaker Pelosi.

[sarisataka]

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

She too is mega-rich?

[Blue_true]

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.

[sarisataka]

47. Fair enough

I won't criticize when the standard is applied equally

[Bernardo de La Paz]

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

[Blue_true]

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.

[Brother Buzz]

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.

[Blue_true]

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.

[Brother Buzz]

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

[budkin]

40. Bye bye Dianne Feinstein

You really screwed the pooch.

[Mersky]

49. I think that's premature

Her sales don’t look like insider trading. It was one position that she got out of and the first sale was at a pricing low.

[Bernardo de La Paz]

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

[sarisataka]

44. All should resign

or if they won't resign, be expelled

[Under The Radar]

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.

[greyl]

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

[Bernardo de La Paz]

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

[greyl]

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

[Bernardo de La Paz]

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.

[uponit7771]

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

[Steven Maurer]

63. The Feinstein one is FLAT OUT FALSE

https://www.barrons.com/articles/sen-dianne-feinsteins-husband-sold-a-biotech-stock-near-its-2020-low-51583064907?redirect=amp#click=https://t.co/c5gF03I1er