Multiple Lawmakers Caught Selling Stocks To Make HUGE Profits During Pandemic

Via America’s Lawyer: Legal journalist Mollye Barrows joins Mike Papantonio to expose the 27 Democratic and 21 Republican senators for raking in millions in stock sell-offs during the pandemic.

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

The coronavirus pandemic has left millions of Americans financially devastated, leaving them to look towards hopefully lawmakers for relief.

Aw.

But, but reports show that senators have been raking in huge profits from trading stocks. Ah, this is an ugly story insider trade.

So much money and they just wanted it.

They just want all the money. So, so, okay. Lay it out for us. How does it happen? They have this information. We thought that it was only a couple, right? What is it, 27 Dem.

They're all like, it was okay. It wasn't really nonpublic information.

It was 27 Democrats, 21 Repub, something like that.

Yes.

21 Republicans.

27 Democrats, 21 Republicans, one independent, sadly.

Okay. So, everybody's covered, right?

Right, right.

Any socialists in there?

You know, it's not partisan as far as we know. No, I guess greed is equal opportunity and knows no political boundaries.

Yeah.

But 1500 stock transactions worth up to $158 million between February and April. This came as a result of a report by campaign legal center. They did an analysis of financial disclosures of what these senators did and when they did it. And it's so interesting when you look at some of the connections, like you have Georgia Republican Senator Kelly Loeffler, her husband is the chairman of the New York stock exchange. Hmm, could there be a connection there? But what's interesting Pap is what you and I were talking about. It's going to be, most experts are saying it's going to be difficult to convict them and prosecute them. Richard Burr is the big one now, Senate intelligence chairman, Richard Burr, he's been hit with a lawsuit by Wyndham Resorts for selling 150,000 of his stock because he was getting those intelligence briefings back in February and he was like, I was watching CNN, CNBC and their reports on health and science coming out of Asia and through my own critical thinking skills, I just started selling all this stuff.

No, no. You know what the problem is? Anytime you hear the department of justice saying, oh, this is so difficult, we can't go after this, this insider. We can't go after this wall street thug. Anytime you hear that, that is like a red flag to where we're afraid to do it. If we do, we're going to get too much political heat. Now think about this.

Right.

It's coming from the department of justice. They're saying, oh, you don't understand how difficult., No, it's not difficult. Do your job as a, as a prosecutor.

Right.

If you lose, you lose. But the truth is, is this started out with, you know, investigations into Richard Burr.

Right.

And as you say, Kelly Loeffler. Now is Feinstein. It's 27 Democrats.

Yeah.

And 21, 21 Republicans and one independent.

Right.

And here's what's so remarkably ugly about it. Right now, we don't even know where the House of representatives is. Pelosi has said, stay at home. They're doing nothing.

Right.

So they make this big cash, this big cash grab and then they go home.

Right.

And the average American out there is wondering, how can I, how can I feed my family? How can I pay rent. If I hear one more time, the FBI or the SEC or department of justice.

They're investigating.

Oh this, we're investigating, but this is just too difficult. No, it's not.

No, and the laws clearly define that.

They're terrified. They're terrified to go after these people.

You're right and they're already multimillionaires. That's another thing that came out of this study was that most of these people, going to your point of the average American citizen is hurting way worse than they ever thought about hurting. They're like, oh, well I'll hurt tomorrow after I sell off some more stocks. But financially, these people are already very wealthy.

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