U.S. Senators Dump Stocks After Private China Virus Briefing, A Month Before Market Crash

Saturday March 21, 2020

Conclusion: Of these four U.S. Senators, I believe only Sen. Dianne Feinstein should be investigated if she does not immediately resign.

Yesterday, the news came out:

Sens. Dianne Feinstein, Jim Inhofe made stock trades before coronavirus pandemic

By Noah Manskar Fri. March 20, 2020 | 9:31am | Updated March 20, 2020 | 4:41pm

https://nypost.com/2020/03/20/richard-burr-kelly-loeffler-urged-to-resign-for-selling-stocks-after-coronavirus-briefing/

The additional revelations came amid widespread outrage toward GOP Sens. Richard Burr and Kelly Loeffler, who reportedly sold shares after getting briefings on the coronavirus threat.

Feinstein, a California Democrat, sold $500,001 to $1 million worth of stock in a company called Allogene Therapeutics on Jan. 31, less than a month before panic about the virus caused markets to plunge, Senate records show. Her husband (Richard Blum) sold $1,000,001 to $5 million worth of Allogene shares on Feb. 18, according to financial disclosures.

And Inhofe, an Oklahoma Republican, dumped as much as $400,000 worth of stock on Jan. 27, records show. He sold shares in five different companies including Apple, PayPal and Brookfield Asset Management, according to a disclosure report.

Feinstein spokesman Tom Mentzer said her husband made the transactions, not the senator herself.

“All of Senator Feinstein’s assets are in a blind trust, as they have been since she came to the Senate,” Mentzer said in an email. “She has no involvement in any of her husband’s financial decisions.”

Just as I’ve written on WAIS on Nov. 06, 2009, “First, Pres. Obama was not sworn in until Jan 20, 2009.  He was placed in office by nameless and faceless members of the electoral college, not by voters at large.  This is the reality of American-style democracy that probably very few American voters are aware of.  They do not elect the US President. Whether we have a Democrat or a Republican in the White House, the US Congress dictates what the US President can and cannot do.”*, majority of voters are not aware that members of Congress are allowed to trade on privilege, non-public information for themselves.

*From. Obama One Year after Elections (Bienvenido Macario Philippines/US) 11-06-09 at 2:35am

https://waisworld.org/go.jsp?id=02a&objectType=post&o=46195&objectTypeId=40445&topicId=44

From Feb. 06, 2014 on Predictions, Banker Suicides, and 1998 (Bienvenido Macario, USA,)

“WHILE IN OFFICE, THERE IS NO EXCITEMENT FOR MEMBERS OF THE U.S. CONGRESS IN DOING TRADES, SINCE THEY ARE ALLOWED TO TRADE USING PRIVILEGED AND NON-PUBLIC INFORMATION. YES, INSIDER TRADING IS LEGAL FOR MEMBERS OF THE US CONGRESS. But not for those in the private sector of the military-industrial complex.”

We have an ongoing currency crisis in emerging markets around the world, and it sure has hit the US stock market. And for those in Wall Street, life is very exciting.

When the stock market crashed in October 1929, stockbrokers who lost their clients’ money committed suicide.

When the subprime mortgage and real estate market collapsed, along with the foreclosures, there was a rash of murder-suicides across the US.

on Predictions, Banker Suicides, and 1998 (Bienvenido Macario, USA, Thu. Feb. 06, 2014 at 7:33 am)

https://www.waisworld.com/go.jsp?id=02a&objectType=post&o=82367&objectTypeId=71201&topicId=118

This is why Sen. Dianne Feinstein should be investigated unless she resigns immediately. But the reality is that the U.S. Congress is one big, powerful and tight-knit “Good ‘Ole Boys Club”. They always look out for each other. And Americans, especially Californians would be lucky if Sen. Feinstein would even be reprimanded. (Think of Article III Section 3 of the U.S. Constitution.) C’est la vie.

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