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Thu Mar 19, 2020, 05:27 PM

Sen Burr Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness

GOP Senator Dumped Stock Before Coronavirus Crisis
March 19, 2020 at 5:19 pm EDT By Taegan Goddard Leave a Comment

ProPublica: “Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.”

“As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.”

“A week after Burr’s sales, the stock market began a sharp decline and has lost about 30% since.”

“On Thursday, Burr came under fire after NPR obtained a secret recording from Feb. 27, in which the lawmaker gave a VIP group at an exclusive social club a much more dire preview of the economic impact of the coronavirus than what he had told the public.”



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https://www.propublica.org/article/senator-dumped-up-to-1-6-million-of-stock-after-reassuring-public-about-coronavirus-preparedness


UPDATE HERE:

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Reply Sen Burr Dumped Up to $1.6 Million of Stock After Reassuring Public About Coronavirus Preparedness (Original post)
kpete Mar 19 OP
mnhtnbb Mar 19 #1
SCantiGOP Mar 19 #42
traladeda Mar 19 #68
Scarsdale Mar 19 #76
DENVERPOPS Mar 19 #92
C Moon Mar 19 #89
SCantiGOP Mar 19 #94
avlbeerfan Mar 19 #87
dalton99a Mar 19 #2
malaise Mar 19 #14
muntrv Mar 19 #3
ffr Mar 19 #33
LittleGirl Mar 19 #46
OnDoutside Mar 19 #4
BKDem Mar 19 #50
OnDoutside Mar 19 #90
Midnight Writer Mar 19 #5
Brother Buzz Mar 19 #19
littlemissmartypants Mar 19 #6
OnDoutside Mar 19 #8
littlemissmartypants Mar 19 #11
OnDoutside Mar 19 #7
NCDem47 Mar 19 #9
littlemissmartypants Mar 19 #12
rurallib Mar 19 #26
littlemissmartypants Mar 19 #30
Sneederbunk Mar 19 #40
littlemissmartypants Mar 19 #44
tblue37 Mar 19 #64
malaise Mar 19 #10
OMGWTF Mar 19 #28
Tweedy Mar 19 #55
barbtries Mar 19 #13
keithbvadu2 Mar 19 #32
G_j Mar 19 #48
paleotn Mar 19 #53
The Velveteen Ocelot Mar 19 #15
Caliman73 Mar 19 #35
The Velveteen Ocelot Mar 19 #41
Marcuse Mar 19 #54
The Velveteen Ocelot Mar 19 #57
StarryNite Mar 19 #16
Mersky Mar 19 #17
Jamastiene Mar 19 #18
greenjar_01 Mar 19 #20
grantcart Mar 19 #24
greenjar_01 Mar 19 #27
grantcart Mar 19 #82
greenjar_01 Mar 20 #96
KayF Mar 19 #36
greenjar_01 Mar 19 #43
Sneederbunk Mar 19 #21
dweller Mar 19 #22
spanone Mar 19 #23
kimbutgar Mar 19 #25
ooky Mar 19 #29
malaise Mar 19 #31
ooky Mar 19 #39
MerryBlooms Mar 19 #37
gibraltar72 Mar 19 #34
kysrsoze Mar 19 #38
FiveGoodMen Mar 20 #97
MerryBlooms Mar 19 #45
Wounded Bear Mar 19 #47
lettucebe Mar 19 #49
Pillow talk Mar 19 #51
FiveGoodMen Mar 20 #98
Lars39 Mar 19 #52
PA Democrat Mar 19 #56
beachbumbob Mar 19 #58
GusBob Mar 19 #59
liberalmuse Mar 19 #60
dlk Mar 19 #61
dem4decades Mar 19 #62
tblue37 Mar 19 #63
Jarqui Mar 19 #65
WhiteTara Mar 19 #66
NBachers Mar 19 #67
Kyblue1 Mar 19 #69
AllaN01Bear Mar 19 #70
democratisphere Mar 19 #71
trof Mar 19 #72
ecstatic Mar 19 #73
kairos12 Mar 19 #74
warmfeet Mar 19 #75
Docreed2003 Mar 19 #77
Peregrine Took Mar 19 #78
dem4decades Mar 19 #79
Evolve Dammit Mar 19 #80
Dem2theMax Mar 19 #81
BigDemVoter Mar 19 #83
zentrum Mar 19 #84
Yo_Mama_Been_Loggin Mar 19 #85
McCamy Taylor Mar 19 #86
ramen Mar 19 #88
DallasNE Mar 19 #91
CanonRay Mar 19 #93
Gothmog Mar 20 #95
FiveGoodMen Mar 20 #99

Response to kpete (Original post)

Thu Mar 19, 2020, 05:28 PM

1. Oh, boy. Send him to jail for insider trading.

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Response to mnhtnbb (Reply #1)

Thu Mar 19, 2020, 06:17 PM

42. That's one of the few laws we still enforce against rich folks

cause the Stock Market is sacred and holy and must not be trifled with.

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Response to SCantiGOP (Reply #42)

Thu Mar 19, 2020, 06:53 PM

68. rule applies only to women

I think.

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Response to traladeda (Reply #68)

Thu Mar 19, 2020, 07:10 PM

76. Applies to democratic

members, too.

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Response to traladeda (Reply #68)

Thu Mar 19, 2020, 08:29 PM

92. Ask Martha

None of the top dogs EVER GET ANYTHING........they always blame a somewhat minor player or have some scapegoat below them to hang it all on......Read the factual book, THE INFORMER for just one account about the ADM Corporation's top executives outright corruption for years and years.......Spoiler: The FBI had a slam dunk case against ALL of the execs, and laughingly, the whistle blower got sent to prison, and the corrupt ones got off scott free.......

Ask Martha, there were TONS of insider men that made Millions and millions and millions never investigated, much less charged.
She did a 50K trade and ended up in Prison. I guess the Big Boys Club showed her, and all other women, not to meddle in the Men's gaming)

The "Powers To Be" (Rich powerful men's club) fortunes have been made this way for centuries.......

(And no, I am not a woman"

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Response to SCantiGOP (Reply #42)

Thu Mar 19, 2020, 08:01 PM

89. Because it affects other rich people. If it only affected the poor, it wouldn't be enforced.

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Response to C Moon (Reply #89)

Thu Mar 19, 2020, 09:33 PM

94. But if we didn't have the rich

we wouldn't have anybody to trickle down on us.


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Response to mnhtnbb (Reply #1)

Thu Mar 19, 2020, 07:55 PM

87. If ever there was..

 

A case of insider trading this is it. But laws are only for us not for them. "To big for jail!"

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:30 PM

2. Spread this far and wide

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Response to dalton99a (Reply #2)

Thu Mar 19, 2020, 05:42 PM

14. CREW needs to find out how many other ReTHUGs sold stock

This is huge.

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:30 PM

3. Lock him up! Lock him up!

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Response to muntrv (Reply #3)

Thu Mar 19, 2020, 06:07 PM

33. +1

Criminals! These elite motherfuckers!

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Response to muntrv (Reply #3)

Thu Mar 19, 2020, 06:21 PM

46. +2 eom

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:30 PM

4. Oh, that's going to buy him a whole heap of Chris Collins type trouble.

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Response to OnDoutside (Reply #4)

Thu Mar 19, 2020, 06:33 PM

50. Maybe it can buy him a couple of pairs of fucking socks.

ICYMI, this creep wears suits and wingtip shoes with no socks.

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Response to BKDem (Reply #50)

Thu Mar 19, 2020, 08:03 PM

90. Someone should send him ones with pointy up arrows on them.

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:33 PM

5. And he tipped off business lobbyists in a private meeting.

"The rich go first...is kind of a pattern of life".

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Response to Midnight Writer (Reply #5)

Thu Mar 19, 2020, 05:51 PM

19. Oh, but he had a full two week head start

He dumped his stocks on the 13th of February, and the Fat Cat confab was on the 27th.



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Response to kpete (Original post)

Thu Mar 19, 2020, 05:33 PM

6. Here's his phone number:

Senator Richard Burr

202-224-3154

Let's call and tell him how we feel about this.

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Response to littlemissmartypants (Reply #6)

Thu Mar 19, 2020, 05:34 PM

8. Better to send it to SDNY !

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Response to OnDoutside (Reply #8)

Thu Mar 19, 2020, 05:36 PM

11. I left a message on his voice mail asking for a presser

To explain this crooked behavior, quoting the article.

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:33 PM

7. Oh, and #ETTD

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:35 PM

9. We know this guy is a dirt bag

But this is shady beyond belief.

He needs to answer for this. But of course he won't or give it some fluff response. Not up for re-election until 2022, but I think he said he would not run again.

Man this is bad. I hope the residents of NC shun this guy and he gets heat, heat, heat and this tars Tills (the other NC Senator) this election cycle by association.

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Response to NCDem47 (Reply #9)

Thu Mar 19, 2020, 05:36 PM

12. He announced that he's retiring. nt

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Response to littlemissmartypants (Reply #12)

Thu Mar 19, 2020, 06:00 PM

26. I hope it is in a nice little cell in a cozy federal prison

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Response to rurallib (Reply #26)

Thu Mar 19, 2020, 06:05 PM

30. Me too. The crooked bastard has flown under the radar for too long.

He's never been about the NC people and has taken real money from the NRA. Here’s his number if you want to call and give him an earful. Stay encouraged, rurallib. ❤

202 224 3154

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Response to littlemissmartypants (Reply #12)

Thu Mar 19, 2020, 06:14 PM

40. Comfortably.

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Response to Sneederbunk (Reply #40)

Thu Mar 19, 2020, 06:18 PM

44. His wife is loaded, so yes, he didn't need to work to start with.

I use the word work loosely. He's been a grifter his whole career. He's a smug, entitled SOB.

Call him up and let him know how you feel about this, 2022243154. I did.

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Response to NCDem47 (Reply #9)

Thu Mar 19, 2020, 06:47 PM

64. it just shady, but *brazen*! nt

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:35 PM

10. Is there a single one of them who isn't a crook?

I wonder how many of the other well tar heeled members cashed in?

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Response to malaise (Reply #10)

Thu Mar 19, 2020, 06:04 PM

28. NO!

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Response to malaise (Reply #10)

Thu Mar 19, 2020, 06:36 PM

55. On the R side?

If there is, that person or person(s) is in hiding or suffering daily indignities, twitter attacks and name calling (rino, etc.)

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:41 PM

13. same motherfucker

who told a circle of friends the truth about the pandemic 3 weeks ago but couldn't be bothered to protect his constituents.

NC republicans. the very worst thing about living in this state.

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Response to barbtries (Reply #13)

Thu Mar 19, 2020, 06:07 PM

32. He protected his favorite constituents with early warning.

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Response to barbtries (Reply #13)

Thu Mar 19, 2020, 06:23 PM

48. yes

agreed

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Response to barbtries (Reply #13)

Thu Mar 19, 2020, 06:35 PM

53. The are a rather pernicious bunch....

That whole 9th congressional district fiasco is a case in point.

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:43 PM

15. Does that count as insider trading? Even if it doesn't, it's really sleazy.

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Response to The Velveteen Ocelot (Reply #15)

Thu Mar 19, 2020, 06:08 PM

35. It should.

It sounds exactly like what put Martha Stewart in prison. She got a call from the owner of IM Clone just before they announced some failure of testing that was going to tank their stock. She sold while the stock was still in good standing avoiding loss.

Sounds exactly like that. Burr abused his position on the Intelligence Committee to act upon information unknown to the public, to avoid stock losses. Sounds like insider trading to me.

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Response to Caliman73 (Reply #35)

Thu Mar 19, 2020, 06:17 PM

41. I think it probably does.

As I understand it, illegal insider trading occurs when someone trades stock on the basis of confidential information not available to the general public and doesn't report the transaction to the SEC. I don't know whether he made the SEC report but he apparently used confidential information.

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Response to The Velveteen Ocelot (Reply #41)

Thu Mar 19, 2020, 06:35 PM

54. Barr will get right on it.

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Response to Marcuse (Reply #54)

Thu Mar 19, 2020, 06:38 PM

57. I'm sure he will.

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:47 PM

16. Smarmy bastard!

Lock him up!

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:47 PM

17. K&R!!!

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:49 PM

18. Like I pointed out to someone in another thread. The NC GOP

is all corrupt to that degree. And Trump filled his admin with tons of them and tons of them in are higher up in charge of the national GOP.

For everything they get caught doing, I can guarantee you they have done 99 or more other things that they did not get caught doing.

Nothing NC Republicans do every surprises me. There is no low too low for them to stoop. They are beyond corrupt. They are completely rotten to the core and NEVER get punished EVER for anything they do. So, they will just keep doing that stuff until someone breaks up the cabal down here. I wish people would have listened to me when I first started noticing this shit. Maybe, eventually, someone will look into it.

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:52 PM

20. To be fair, this was all public information: any sensible person would know the virus was bad

by February 13. Burr just acted on it. Seems hard to say "Trump should have known by January at the latest" and "How could Burr sell off on February 13??"

Now, does he come off as an unethical dickhole? Yes, for sure. But a reasonable person with a sense of risk factors should have been selling on February 13. No?

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Response to greenjar_01 (Reply #20)

Thu Mar 19, 2020, 05:59 PM

24. He is chairman of the Senate intelligence Committee. He had highly classified info that

Wasn't available to the public.

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Response to grantcart (Reply #24)

Thu Mar 19, 2020, 06:02 PM

27. If a prosecutor can prove that he sold on the basis of insider information, fine

But there was sufficient public information that would have told a prudent investor to liquidate by that date. China was in total lockdown. The virus was known and coming. No?

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Response to greenjar_01 (Reply #27)

Thu Mar 19, 2020, 07:37 PM

82. No that is not the test

The test isn't what the public knew but what information he knew that the public didn't have.

We now know that the CIA medical threat department was providing much more drastic assessments at the time he was selling his stock.

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Response to grantcart (Reply #82)

Fri Mar 20, 2020, 10:42 AM

96. Well, looks like he's going with the "public news reports" defense

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Response to greenjar_01 (Reply #20)

Thu Mar 19, 2020, 06:08 PM

36. he sold a week before the big selloff started

this suggests he knew something the analysts didn't. Maybe exactly what will come out in a criminal case.

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Response to KayF (Reply #36)

Thu Mar 19, 2020, 06:18 PM

43. I agree, but there's a case to be made that he saw the writing on the wall

without deploying or using any of that sweet, sweet Intel Comm sizzurp.

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:54 PM

21. May want to check stock transactions by other committee members.

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:56 PM

22. i hope they look into

Tillis and Meadows
too

✌🏼

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:57 PM

23. The entire gop is rotten to the core.

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Response to kpete (Original post)

Thu Mar 19, 2020, 05:59 PM

25. He should resign immediately

Can you imagine the outrage from the right wing media if a Democratic senator did that?

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:04 PM

29. Susan Collins is concerned.

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Response to ooky (Reply #29)

Thu Mar 19, 2020, 06:06 PM

31. All of them need to be investigated

every single one of them

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Response to malaise (Reply #31)

Thu Mar 19, 2020, 06:12 PM

39. Yes. You can bet there are more of them who did what he did. nt

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Response to ooky (Reply #29)

Thu Mar 19, 2020, 06:11 PM

37. Doubtful. Check her fucking accounts!

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:08 PM

34. Department of Coincidences needs to look into this.

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:12 PM

38. That fucker belongs in prison.

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Response to kysrsoze (Reply #38)

Fri Mar 20, 2020, 01:30 PM

97. ...awaiting that final shot.

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:20 PM

45. The way these assholes have written the laws, he

most likely didn't even break a law and will skate through with the millions. I don't know if I'm even angry or surprised. I'm just kinda Meh, figures. Same with all of them, they'll make millions off us dying, campaign off people donating billions, win reelection and make more millions. The money that has been spent on campaigns makes me want to vomit, especially now since even some politicians aren't even willing to slip US a few bucks because we're laid off. Fuckers.

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:21 PM

47. How very swampy...

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:25 PM

49. Insider trading much?

Hope this gets investigated and he goes straight to prison for insider trading. I'd thought these folks were not supposed to have stock holdings, for this exact reason.

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:34 PM

51. no repercussions. That's where we are. the question is.. how did we get here?

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Response to Pillow talk (Reply #51)

Fri Mar 20, 2020, 01:31 PM

98. Every time they cheated, we "looked forward"

That's how.

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:34 PM

52. Prison time for these assholes.

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:36 PM

56. K & R for visibility.

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:38 PM

58. but HER EMAILS!!!!!!!!!!!!!and what about Benghazi?

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:39 PM

59. LIHOP!

Need a new term
Let it happen on purpose to make money

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:41 PM

60. It's time to get rid of the stock market.

And this story is going to be all over the place. He needs to be ejected from the Senate and go to prison. I hope the lives of millions of Americans is worth it.

I think we need to check everyone on the Senate Intelligence committee who neglected to tell the American people that they'd better prepare for COVID-19. There are more heinous pieces of shit in the GOP than Burr, no doubt.

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:44 PM

61. No doubt, the Barr Justice Department will get right on it

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:44 PM

62. Is there any way to hold his feet to the fire?

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:46 PM

63. AOC (quite rightly) has called on him to resign. nt

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:48 PM

65. Trump's delay in acknowledging the virus

may well have been to protect his rich pals - to give them time to dump their investments before the rest of the world did.

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:49 PM

66. He is such a criminal.

May he be caught and treated like the criminal he is.

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:53 PM

67. Republican ex-Congressman reports to prison on April 21st for insider trading. Burr needs to go too.

Democrat Nate McMurray is running to fill his open seat in western New York's 27th District. McMurray's election is set for April 28th. He's got a lot of support in his district. Our donations will help push him over the edge and give western New York the Democratic representation they deserve.

https://www.whec.com/livingston-county-ny-news/start-of-chris-collins-prison-sentence-delayed-to-april/5662588/

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:53 PM

69. Didn't Martha Stewart go to prison for much less? But she was a Democrat

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:54 PM

70. getting so fed up with this nonsense .

and they always seem to get away with it too also.

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Response to kpete (Original post)


Response to kpete (Original post)

Thu Mar 19, 2020, 06:56 PM

72. YOU SON OF A BITCH!

That is the lowest form of grafting cheating repug politician.

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Response to kpete (Original post)

Thu Mar 19, 2020, 06:59 PM

73. Please tell me this is illegal.

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Response to kpete (Original post)

Thu Mar 19, 2020, 07:08 PM

74. Massive insider trader. Put him in prison. You know that vampire Kushner

did the same thing.

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Response to kpete (Original post)

Thu Mar 19, 2020, 07:08 PM

75. So we all just put up with this?

Nothing to see here, right? Corruption is so normalized that nothing happens to perpetrators? This behavior is okay since no one gets punished. That is what makes it okay.



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Response to kpete (Original post)

Thu Mar 19, 2020, 07:10 PM

77. Screw him...he should be held account under the rules instituted by Obama

Which he, coincidentally I'm sure, voted against!

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Response to kpete (Original post)

Thu Mar 19, 2020, 07:12 PM

78. I don't see this covered on cable news at all.

Is the SOB goona skate on this due to the virus news?

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Response to kpete (Original post)

Thu Mar 19, 2020, 07:12 PM

79. Morning Joe today said Burr was a friend, come on Joe, report on this! or r you still a Republican

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Response to kpete (Original post)

Thu Mar 19, 2020, 07:17 PM

80. Indict, prosecute etc. Insider trading slam dunk. DOJ? Oh DOJ? Oh yeah. Barr is boss. Done.

Nothing to see here...

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Response to kpete (Original post)

Thu Mar 19, 2020, 07:19 PM

81. Hang the bastard.

In a public square, televised for all to see.

These people are evil incarnate. How in the world is money more important than the lives of human beings?

I don't think the Bang Your Head On The Wall Smiley will do anymore. I'm ready to go to the closest wall and actually start doing it myself.

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Response to kpete (Original post)

Thu Mar 19, 2020, 07:40 PM

83. FUCKING repigs. . .

Every goddamned single one of them.

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Response to kpete (Original post)

Thu Mar 19, 2020, 07:49 PM

84. Swamp rat.

Insider Trading.

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Response to kpete (Original post)

Thu Mar 19, 2020, 07:50 PM

85. Can he be prosecuted for insider trading?

I'm not so sure in this case.

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Response to kpete (Original post)

Thu Mar 19, 2020, 07:52 PM

86. Mitch will protect him

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Response to kpete (Original post)

Thu Mar 19, 2020, 07:59 PM

88. What a strange coincidence. It's almost as though HE FLAGRANTLY

ENGAGED IN INSIDER TRADING WHILE DECEIVING HIS ELECTORATE SORRY CAPS LOCK GOT STUCK FROM RAGE

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Response to kpete (Original post)

Thu Mar 19, 2020, 08:16 PM

91. Who Was In That "VIP Group" & How Much Stock Did They Dump

On insider information. They would all be subject to insider trading as well as Burr.

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Response to kpete (Original post)

Thu Mar 19, 2020, 08:29 PM

93. This fucker need to be in handcuffs

At least file an ethics complaint

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Response to kpete (Original post)

Fri Mar 20, 2020, 01:28 AM

95. Lock him up

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Response to kpete (Original post)

Fri Mar 20, 2020, 01:33 PM

99. The money pales in comparison to the public health damage from not telling US about it right away

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