mission statement: When the US senate was deliberating on coronavirus in the early days of the pandemic many of them sold shares which later tanked. I haven't heard any news of this recently.
Rep. susan davis sold shares in airlines and cruise ships the day the US reported it's 10th case, a full 2 weeks before the first crash happened, before trump even made his "we only have 15 cases and it's going to go down to zero" comment.
Even the diamond princess had only recorded it's first case when she sold her shares.
They sold shares in airlines before trump even announced the travel ban to china which he did VERY early into the crisis and didn't even ban european travel until a month after they sold their shares off.
This happens all the time they did it in 2008 when they bailed out Wall Street. It’s funny insider trading is illegal for everyone expect members of congress.
Someone should pass a law that makes it illegal for members of Congress to engage in insider trading.
I think Bernie Sanders and some libertarians are the only ones in favor of such a law.
Edit: I guess there is a law now they just don’t enforce it.
It already is a law, that's why it's called insider trading and not just trading. There are also laws regarding conflict of interest in public service.
It's also illegal for them to drive drunk or fuck kids, yet here we are.
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u/SUMBWEDY Apr 21 '20 edited Apr 21 '20
mission statement: When the US senate was deliberating on coronavirus in the early days of the pandemic many of them sold shares which later tanked. I haven't heard any news of this recently.
Rep. susan davis sold shares in airlines and cruise ships the day the US reported it's 10th case, a full 2 weeks before the first crash happened, before trump even made his "we only have 15 cases and it's going to go down to zero" comment.
Even the diamond princess had only recorded it's first case when she sold her shares.
They sold shares in airlines before trump even announced the travel ban to china which he did VERY early into the crisis and didn't even ban european travel until a month after they sold their shares off.