Many of us have criticized the Republicans for failing to take early, aggressive action in response to the Trump Virus pandemic (aka COVID-19 or novel coronavirus).
Now it turns out that at least five Republicans (maybe more to be uncovered?) DID take early aggressive action in response to the Trump Virus — but it was to protect themselves, not us. They sold off stocks in companies likely to be hit hard and, in at least one case, Kelly Loeffler of Georgia, bought stocks in a company that makes teleconferencing software and equipment, the same day they had a classified briefing on the seriousness of the pandemic.
Loeffler is particularly insidious. This brand new senator, can hardly blame naïveté. Before being recently appointed senator, she was the CEO of a financial services company and she is currently married to Jeffrey Sprecher, the CHAIRMAN OF THE NEW YORK STOCK EXCHANGE.
Insider trading is a felony and all involved should be prosecuted. They can occupy Martha Stewart’s old cell.
One Democrat, Senator Dianne Feinstein from my state of California, is also implicated.
She claims that all investments were handled by a blind trust and that, while she is on the intelligence committee and was scheduled the attend the meeting, a last-minute schedule conflict prevented her from doing so and she was not present for the classified briefing. If that is true, that may exonerate her, but if she is found to be guilty, she should also resign and be prosecuted and maybe we can prevail upon Gov. Gavin Newsom to appoint ADAM SCHIFF to fill her seat.