Republican Senators have been caught selling stock just before the onset of the coronavirus crisis in the United States. The FBI has reached out to North Carolina Sen. Richard Burr about his sale of stocks before the pandemic caused markets to plummet, and it would be nice if the agency had a little talk with greed-monster Sen. Kelly Loeffler (R-Ga), too. Loeffler is a staunch supporter of Donald Trump, by the way.
The Senator, and her husband, Jeffrey Sprecher, sold about $1.4 million in stock during the market panic that was ignited by the massive coronavirus pandemic. This is some straight-up swampy shit because Loeffler is a former executive with ICE, and her husband is the CEO of the company.
Oh, we’re sure this is just a coincidence.
The Daily Beast revealed Loeffler and her husband sold off seven figures’ worth of stock holdings in the days and weeks after a private, all-senators meeting on the novel coronavirus on Jan. 24.”
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But it gets worse. It always does.
The Atlanta Journal-Constitution reports that, according to filings they obtained, from mid-February through mid-March, the thoroughly shitty couple sold shares in retail stores and invested in a company that makes protective garments that are being used to fight the spread of coronavirus.
The news outlet reports that the largest transactions involve $18.7 million in sales of Intercontinental Exchange stock in three separate deals.
The biggest transactions reportedly involve $18.7 million in sales of Intercontinental Exchange stock in three separate deals. And, the Atlanta Journal-Constitution further notes that during the same time period, the couple also sold shares in retail stores such as Lululemon and T.J. Maxx and invested in a company that makes COVID-19 protective garments.
In response, Loeffler has maintained that she has done nothing wrong and that she and her husband’s stock trading is managed by an investment firm.
“Sen. Loeffler came to Washington on a promise to be a different kind of elected official,” a spokesperson told the AJC. “She holds herself to high standards of ethics and transparency, including acting in accordance with both the letter and spirit of the law, which she has done at every step of her time in the Senate and in her lengthy career in financial services.”
And no one believes that. We’re seeing the best and worst in people during this national crisis, and profiting from misery puts the Senator in the latter category.
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