State shelter in place orders
03-21-2020, 11:30 AM
#111
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Joined APC: Apr 2011
Position: retired 767(dl)
Posts: 5,724
Originally Posted by Scoop
I think the GA Senator is worth hundreds of millions of dollars. A couple a million in trades on any given day for her is probably not that unusual.
Scoop
Scoop
03-21-2020, 01:39 PM
#112
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Joined APC: Mar 2007
Position: Capt
Posts: 3,215
Originally Posted by gloopy
Agreed. Not that I like it.
I do find the underlying assumption that she (plus Burr, Feinstein and others) had access to some special information they "could have shared" to be stupid. If that were true, then every senator in that meeting would be liable, regardless of stocks bought or sold. There never was some double secret information that, if only given to the masses, we could have solved this by now yet that's the wiggly worm on the hook we're all being asked to swallow.
I do find the underlying assumption that she (plus Burr, Feinstein and others) had access to some special information they "could have shared" to be stupid. If that were true, then every senator in that meeting would be liable, regardless of stocks bought or sold. There never was some double secret information that, if only given to the masses, we could have solved this by now yet that's the wiggly worm on the hook we're all being asked to swallow.
03-21-2020, 03:17 PM
#113
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Joined APC: Jul 2010
Position: window seat
Posts: 12,522
Originally Posted by atpcliff
Feinstein's money is in a blind trust, and she does not communicate with the person running the trust. That is what most modern President's have done with their money, so as not to cause a conflict of interest.
03-21-2020, 03:46 PM
#114
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Joined APC: Feb 2020
Position: Gummed
Posts: 1,060
Originally Posted by gloopy
And the GA Senator's explanation was that it was a third party investment manager's decision. Again, I don't like it when any of them do it however they do it. If Feinstein's "blind trust" people made the same decision at the same time as Loeffler's and Burr's, than that at least very strongly implies that this may not be, in context, what its being hyped to be. My blind trust did what your investment manager did at the same time, so I'm good and you're bad.
03-22-2020, 07:11 AM
#115
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Joined APC: Jul 2010
Position: window seat
Posts: 12,522
Originally Posted by Phins2right
Yeah, right, totally plausible.
It didn't take investment geniuses to see a downturn coming and we all knew about the virus at that point and that regardless of how bad it was, the efforts to contain it would be significant. If someone bought particular bipmedical stocks shortly before a big government injection of funds, that would be a much different situation.
03-22-2020, 07:17 AM
#116
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Joined APC: Jan 2013
Posts: 471
Originally Posted by gloopy
Agreed. Not that I like it.
I do find the underlying assumption that she (plus Burr, Feinstein and others) had access to some special information they "could have shared" to be stupid. If that were true, then every senator in that meeting would be liable, regardless of stocks bought or sold. There never was some double secret information that, if only given to the masses, we could have solved this by now yet that's the wiggly worm on the hook we're all being asked to swallow.
I do find the underlying assumption that she (plus Burr, Feinstein and others) had access to some special information they "could have shared" to be stupid. If that were true, then every senator in that meeting would be liable, regardless of stocks bought or sold. There never was some double secret information that, if only given to the masses, we could have solved this by now yet that's the wiggly worm on the hook we're all being asked to swallow.
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