Weezer
VolNation Dalai Lama , VN Most Beloved Poster
- Joined
- Nov 13, 2009
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lmao I've called out both sides, for different things. Have you? All I've seen is you assume the worst from the right, and the best from the left.Can you confirm she isn't (the original claim). Or are you just biased agains't the counter assumptions?
"Both Sides" Weezer's bias is showing once again.
But you don't see how donald is making money off of going to his own properties over and over and over again? That does not strike you as wrong?
There will definitely be an investigation. Of course, the dates are significant but I don't think who made the trades is significant. If they were acting upon knowledge that she had obtained in a private Senate briefing, then that is not sufficient cover for her. What makes this look even worse for her (and this is just speaking in terms of optics here) is that her husband is Jeff Sprecher, the CEO of the company which owns the New York Stock Exchange. These transactions were incredibly ballsy. On it's surface, it looks like she was emboldened by her husband's position... like the laws don't apply to them.We will need to see the dates of the meeting, the dates of the transactions, when the info from the meeting leaked out, and who makes the trades. Until then, I couldn't convict her or Feinstein or any of them.
The timing of the purchase of $206,774 worth of stock in chemical giant DuPont de Nemours in four transactions in late February and early March, which was just after she had attended a private, Senate meeting on the Coronavirus in China, does make it clear that either she or someone working on her behalf was acting upon non-public information that she had received. Her choice of what to dump and what to buy, could only have been influenced by knowledge obtained from this meeting. DuPont had performed poorly on Wall Street lately, but the company is a major supplier of personal protective gear, which is obviously now in high demand... and she knew would be in high demand following the Senate meeting. Her denials of having no involvement in these transactions are not credible.
She has violated the living hell out of the Stock Act.