US Senators Could Face Charges In Insider Trading Scandal

Via America's Lawyer: U.S. senators were found to be selling off stocks in DROVES using apparent insider trading techniques to ‘get out’ before the Coronavirus decimated Wall Street. Mike Papantonio and Farron Cousins discuss.

Become a member today!

Support us by becoming a monthly patron on Patreon, and help keep progressive media alive!

Find our merchandise at Teespring

Spread the word! LIKE and SHARE this video or leave a comment to help direct attention to the stories that matter. And SUBSCRIBE to stay connected with Ring of Fire's video content!

Support Ring of Fire by subscribing to our YouTube channel

Be sociable! Follow us on:

Follow more of our stories at

Subscribe to our podcast

*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Several senators are in trouble after it was revealed that they sold off millions in stock after clearly being warned about the looming pandemic all the way back in January. This might, if I'm to vote ugly story of the day, this is it. This is where you had Feinstein. It's, it's Democrats and Republican. You have Feinstein, you have Richard Burr, you had Kelly Loeffler. Pick it up from there and we'll, we'll add, we'll fill this in.

Yeah, you had Inhofe is in there too.

Yeah.

But what, it's really disgusting because all of these senators were sitting there in that meeting back in January. The public didn't even know this thing existed back then. They're told, here's a thing, this is gonna hit the United States. It's going to be horrible. It's going to be bad for the economy. So these five people, at least that we know of left that meeting, made some phone calls and started dumping all their stock because they knew what was about to happen. And actually as of a Monday, Burr has now been hit with a securities fraud lawsuit over his role. I hope, hope we see more than this and it can't just be we're suing you for money. There has to be criminal charges because Loeffler she's the worst of all. Because not only did she sell her stock, but she also purchased stock in telecommunications companies that would benefit from people having to work from home.

Okay.

She knew what was coming.

Yeah, and here's, here's, here's the point to all this. The point is that we're talking about January, we're talking about January 24th when the information starts disseminating. What I thought was most interesting is Burr asked for top secret meetings from the health and education committee and he, so these top secret meetings take place. The next thing you know, within a month, within a matter of actually two weeks, he's out getting ready rid of stock. Now, the Loeffler story is even more intriguing and more disgusting because Loeffler's hubby runs the New York stock exchange. He's the guy in charge of New York stock exchange. And so she, so she says, well, gee whiz, he didn't have anything to do with this. I didn't have anything to do with selling this, selling any of this. This was our advisor, our financial advisor. No, it's just not sellable is it?

No, absolutely not. I, it's very clear what happened. She, the richest member of the Senate, by the way, over 500 million in net worth.

Yeah.

Probably goes home or even after the meeting makes a call to Jeff Sprecher who is the CEO of the Intercontinental Exchange, which owns the New York stock exchange and says, listen, bad things on the horizon. So in this same timeframe where she's dumping stock and Burr and Feinstein are dumping stock, Sprecher starts dumping stock, millions of dollars worth of stock.

$15 million worth.

Right, and so he saves money, he saves the ICE Intercontinental exchange money, and there is no way that he just has such good timing that he knew to do that. No, his wife was on the committee, she was warned. This is full blown criminal activity at the head of the New York stock exchange.

Yeah. So, okay. So right now you say, well, they're under invest. How about Feinstein? Don't forget Feinstein.

Right.

Understand Feinstein goes, if you'll remember, we did stories on Feinstein all the way back to the Iraq war. Remember the conflict hubby had.

#rof #trofire #theringoffire #progressivenews