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Posted: 3/20/2020 10:12:00 AM EDT
[#1]
She can deny it all she wants, but anyone with half a brain can connect the dots.
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Posted: 3/20/2020 10:21:51 AM EDT
[#2]
looks dirty, but is it insider trading?
what information was available in general on that date to the public? i would expect that info to not be as detailed as the info she got, but was that news about a pandemic in china a 'secret'. there have been warnings about pandemics coming out of china for a long time. seems to me if you realized this and got wind of one spreading in china, thats all you would need to make a decision to sell stocks. |
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Posted: 3/20/2020 11:09:08 AM EDT
[#3]
She is married the the CEO of intercontintal exchange, which owns the New York Stock Exchange among other exchanges. If she did not use insider info when making these trades, it would amaze me. Check out her WIKI.
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Posted: 3/20/2020 12:33:40 PM EDT
[#4]
She is in it for herself, just like every other politician.
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Posted: 3/20/2020 1:33:22 PM EDT
[#5]
To bad she has no say in her investments....
She,a we'll as her husband, has a third party do her investments. Most politicians do. It's called a blind trust for a reason |
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Posted: 3/20/2020 3:59:04 PM EDT
[#6]
Kemp fucked up by picking her, he should have gone with Doug Collins
It wouldn't surprise me one bit that the seat she is currently in will go Democrat in November |
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Posted: 3/20/2020 10:11:53 PM EDT
[#7]
That neck
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Posted: 3/20/2020 10:23:08 PM EDT
[#8]
Quote HistoryQuoted: To bad she has no say in her investments.... She,a we'll as her husband, has a third party do her investments. Most politicians do. It's called a blind trust for a reason I sure hope that you were being sarcastic. Though it didn't seem like it. |
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Posted: 3/21/2020 3:52:06 PM EDT
[#9]
She seemed to have so much promise for the state of Georgia.
However she is not an innocent in this case . Ignorance of the Law is no excuse . And she knows the Law . gd |
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Posted: 3/21/2020 5:40:40 PM EDT
[#10]
Quote HistoryQuoted: I sure hope that you were being sarcastic. Though it didn't seem like it. 100% serious. Literally the definition of a blind trust |
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Posted: 3/21/2020 7:24:24 PM EDT
[#11]
immoral or illegal?
if i had millions tied up in the market and I knew it was going to tank and I wasn’t breaking any laws by doing so, I know exactly what i’d do. |
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Posted: 3/21/2020 11:29:33 PM EDT
[#12]
Quote HistoryQuoted: immoral or illegal? if i had millions tied up in the market and I knew it was going to tank and I wasn’t breaking any laws by doing so, I know exactly what i’d do. Speak out and inform your constituents? That's what you would do? Right? You surely wouldn't mitigate any obvious potential losses from your secret briefing, and you surely wouldnt go even further invest in stocks in a sector you knew would have gains. The spineless Georgia GOP better get her resignation or they're no better than the polished grifters on the other side. We'll see if these cowards can muster an ounce of integrity. I'm not hopeful. |
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Posted: 3/22/2020 9:02:18 AM EDT
[#13]
The market was maxed out for a few months and did seem like many were pulling back at market highs before the collapse. The better your fund advisor and manager the more swiftly they moved - It would be difficult to prove that it was not simply because of market indications even if it was deliberate.
I foolishly paused and should have re-tweaked my portfolio but now I am stuck to ride it out (go broke) |
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Posted: 3/22/2020 10:22:36 AM EDT
[#14]
Quote HistoryLiterally the definition of a blind trust It is, but where are you getting that she and her husband had their stocks in a blind trust? She can't be absolved of insider trading simply because blind trusts exist -- she'd have to actually be using one. EDIT: Apparently, she has her investments in one and claims to have not informed the trust managers of what she'd learned: https://www.marketwatch.com/story/sen-loeffler-denies-any-role-in-stock-sales-as-coronavirus-crisis-worsened-2020-03-20 |
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Posted: 3/22/2020 3:47:16 PM EDT
[#15]
Quote HistoryQuoted: Speak out and inform your constituents? That's what you would do? Right? How does a 90 second phone call to your broker prevent the above? Everyone knew whuflu was coming. Unless her 'secret' briefing was conducted by a time traveler it probably only scared her into a panic and prompted the sell off. |
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Posted: 3/22/2020 6:15:21 PM EDT
[#16]
Quote HistoryQuoted: It is, but where are you getting that she and her husband had their stocks in a blind trust? She can't be absolved of insider trading simply because blind trusts exist -- she'd have to actually be using one. EDIT: Apparently, she has her investments in one and claims to have not informed the trust managers of what she'd learned: https://www.marketwatch.com/story/sen-loeffler-denies-any-role-in-stock-sales-as-coronavirus-crisis-worsened-2020-03-20 Quote HistoryQuoted: Literally the definition of a blind trust It is, but where are you getting that she and her husband had their stocks in a blind trust? She can't be absolved of insider trading simply because blind trusts exist -- she'd have to actually be using one. EDIT: Apparently, she has her investments in one and claims to have not informed the trust managers of what she'd learned: https://www.marketwatch.com/story/sen-loeffler-denies-any-role-in-stock-sales-as-coronavirus-crisis-worsened-2020-03-20 All politicians do.. Or should. Money mangers are also required by most institutions they work for. So did her husband. Don't get me wrong, I'm not her biggest fan. But I'm also defending Pelosi. She was also one of the many. |
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Posted: 3/22/2020 9:13:22 PM EDT
[#17]
So I guess it is safe to say the managers probably did the same for any other trust they might manage.
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Posted: 3/23/2020 8:58:43 AM EDT
[#18]
Quote HistoryQuoted: So I guess it is safe to say the managers probably did the same for any other trust they might manage. The market was down like 3% that day. There was lots of selling. But the trusts will have to turn over those documents in the Senate investigation. I'd like to see an SEC investigation. There will be one for her husband, those happen all the time. Something else that want reported right. Her stocks were sold, and separately his stocks bought cisco (big in telecommuting solutions). But they are completely separate from each other. Both of them use different trusts and they have their own money. The news we making it soundlike " they" sold everything, then immediately turned around and both Cisco together. Also ironic the news is only focusing on her and not Nancy |
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Posted: 3/23/2020 9:26:41 AM EDT
[#19]
Quote HistoryQuoted:
To bad she has no say in her investments.... She,a we'll as her husband, has a third party do her investments. Most politicians do. It's called a blind trust for a reason |
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Posted: 3/23/2020 11:21:55 AM EDT
[#20]
Quote HistoryQuoted: looks dirty, but is it insider trading? what information was available in general on that date to the public? i would expect that info to not be as detailed as the info she got, but was that news about a pandemic in china a 'secret'. there have been warnings about pandemics coming out of china for a long time. seems to me if you realized this and got wind of one spreading in china, thats all you would need to make a decision to sell stocks. Quote HistoryQuoted: looks dirty, but is it insider trading? what information was available in general on that date to the public? i would expect that info to not be as detailed as the info she got, but was that news about a pandemic in china a 'secret'. there have been warnings about pandemics coming out of china for a long time. seems to me if you realized this and got wind of one spreading in china, thats all you would need to make a decision to sell stocks. From the WHO's own situation report on January 24th (the date which is claimed Loeffler used "insider trading" and apparently directed her blind trust to sell stock) New epidemiological information reinforces the evidence that the 2019-nCoV can be transmitted from one individual to another. During previous outbreaks due to other coronavirus (Middle-East Respiratory Syndrome (MERS) and the Severe Acute Respiratory Syndrome (SARS)), human to human transmission occurred through droplets, contact and fomites, suggesting that the transmission mode of the 2019-nCoV can be similar (Let it be known this was just after China lied and claimed it was only animal to human) WHO assesses the risk of this event to be very high in China, high at the regional level and high at the global level It is expected that further international exportation of cases may appear in any country. Thus, all countries should be prepared for containment, including active surveillance, early detection, isolation and case management, contact tracing and prevention of onward spread of 2019-nCoV infection, and to share full data with WHO. Countries should place particular emphasis on reducing human infection, prevention of secondary transmission and international spread and contributing to the international response though multi-sectoral communication and collaboration and active participation in increasing knowledge on the virus and the disease, as well as advancing research. Quoted: That is a hell of a coincidence and 4 senators all had the same coincidence to make it even more coincidence. She is full of poop and guilty. Loeffler has tried to prove her blind trust operates independently of her . . . she's posted a screen shot of the actions the hedge fund took and why they did, none of which are linked to her. Inhofe claims he doesn't even own stock . . . seems like someone open sourced some transactions and just put it out there without digging into the potential reasons why. |
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Posted: 3/23/2020 3:36:01 PM EDT
[#21]
Quote HistoryQuoted: That is a hell of a coincidence and 4 senators all had the same coincidence to make it even more coincidence. She is full of poop and guilty. The market had stated going down days before. If her trust didn't act she would have fired them. That's their job. To look for inflections and sell once that curve bends. |
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Posted: 3/23/2020 8:10:09 PM EDT
[#22]
Quote HistoryQuoted: 100% serious. Literally the definition of a blind trust As if they don’t communicate? You can put whatever you want in a blind trust and then call the fucker who manages it and tell them to sell. |
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Posted: 3/23/2020 9:26:42 PM EDT
[#23]
This issue came up under Obama or GW, the Senate declared themselves exempted from insider trading laws because of the nature of their jobs.
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Posted: 3/24/2020 8:18:53 AM EDT
[#24]
Quote HistoryQuoted:
This issue came up under Obama or GW, the Senate declared themselves exempted from insider trading laws because of the nature of their jobs. |
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Posted: 3/24/2020 7:43:37 PM EDT
[#25]
Quote HistoryQuoted: This issue came up under Obama or GW, the Senate declared themselves exempted from insider trading laws because of the nature of their jobs. You have this reversed. It used to be allowed, it was banned by the STOCK act in 2012. STOCK Act |
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Posted: 3/25/2020 10:56:43 AM EDT
[#26]
Quote HistoryQuoted: As if they don’t communicate? You can put whatever you want in a blind trust and then call the fucker who manages it and tell them to sell. Sorry bud, but the point of a BLIND trust is to remove conflicts of interest. Why would you even setup a BLIND trust if you were just going to micromanage them? A blind trust is a type of living trust in which the grantor and beneficiary have no control over or knowledge of the assets in the trust or how they’re being managed. A third-party trustee, who can be an individual or an institution, has full control of the trust assets and does not communicate with the grantor or beneficiary about what is being bought and sold within the trust. A blind trust can be revocable, meaning the grantor can change it later, or irrevocable, meaning it can’t be modified or terminated. |
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Posted: 3/25/2020 11:52:38 AM EDT
[#27]
Quote HistoryQuoted: Sorry bud, but the point of a BLIND trust is to remove conflicts of interest. Why would you even setup a BLIND trust if you were just going to micromanage them? A blind trust is a type of living trust in which the grantor and beneficiary have no control over or knowledge of the assets in the trust or how they’re being managed. A third-party trustee, who can be an individual or an institution, has full control of the trust assets and does not communicate with the grantor or beneficiary about what is being bought and sold within the trust. A blind trust can be revocable, meaning the grantor can change it later, or irrevocable, meaning it can’t be modified or terminated. Quote HistoryQuoted: Quoted: As if they don’t communicate? You can put whatever you want in a blind trust and then call the fucker who manages it and tell them to sell. Sorry bud, but the point of a BLIND trust is to remove conflicts of interest. Why would you even setup a BLIND trust if you were just going to micromanage them? A blind trust is a type of living trust in which the grantor and beneficiary have no control over or knowledge of the assets in the trust or how they’re being managed. A third-party trustee, who can be an individual or an institution, has full control of the trust assets and does not communicate with the grantor or beneficiary about what is being bought and sold within the trust. A blind trust can be revocable, meaning the grantor can change it later, or irrevocable, meaning it can’t be modified or terminated. I know what the fuck a blind trust is. If you believe they don’t use their positions for advantage or insider trading you’re either high or too incompetent to understand the workings of people in political power. |
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Posted: 3/26/2020 1:14:55 PM EDT
[#28]
So you're saying Loeffler went through the trouble to create a blind trust, micromanages it, and there's no way the hedge fund running it was reading the daily status updates from the WHO on covid-19?
Did I get that right? |
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Posted: 3/26/2020 2:19:22 PM EDT
[#29]
Quote HistoryQuoted:
So you're saying Loeffler went through the trouble to create a blind trust, micromanages it, and there's no way the hedge fund running it was reading the daily status updates from the WHO on covid-19? Did I get that right? |
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Posted: 3/27/2020 2:14:28 PM EDT
[#30]
Quote HistoryQuoted: I don't think $3 million is micro managing. Is she doing the day by day trades no. Does she have insider information of an approaching shitshow then yes. The combination of what was sold and bought sure presents a hell of a coincidence. She happened to pick a work from home software company to invest in. Insider information . . . LOL. I JUST posted the WHO report that came out before Loeffler supposedly got "insider information". The WHO was 4 days deep into giving daily status updates on Covid-19 by January 24th. |
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Posted: 3/27/2020 11:50:22 PM EDT
[#31]
I'm voting for Doug Collins, my representative who is running against her.
Doug has been a solid performer for several years, I hadn't heard of her until recently and she strikes me as "connected money" who got the appointment because she was influential. She's a bit liberal for my tastes as well, strikes me as a RINO however, I'm a Tea Partier so the bar is high. |
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Posted: 4/1/2020 6:22:31 PM EDT
[#32]
Republican senator Kelly Loeffler admits to millions MORE in stock sales after coronavirus briefing including ditching shares in retailers and buying into company that makes protective equipment as Justice Department launches Senate probe
Georgia Republican Sen. Kelly Loeffler traded millions in stocks in the days after a closed Senate briefing on the coronavirus – and dumped holdings in retail stores that have been battered by the pandemic. The wealthy Loeffler, who was appointed to her seat and is married to the president of the New York Stock Exchange, sold $18.7 million in International Stock Exchange, according to information her office shared with the Atlanta Journal Constitution. That is the company that owns the New York Stock Exchange. The trades came Feb. 26 and March 11, as the virus spread but the broader public was still learning about the extent of the danger to both people and the world economy. The power couple also sold shares in Lululemon and T.J. Maxx, two firms that, like other retailers, have been battered by stay-at-home orders by governors seeking to contain the spread of the deadly disease. They also sold $70,000 in Ross Stores. They sold about $28,000 in the company that owns T.J. Maxx. Sprecher also purchased more than $200,000 of stock in in chemical company DuPont de Nemours, which makes protective gear for medical professionals, although the company has been hit overall in the downturn. Their stock sales totaled $1.4 million in March, according to the Wall Street Journal. |
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Posted: 4/1/2020 8:29:34 PM EDT
[#33]
Fuck her. I thought that was a screwed up decision by Kemp to appoint her!!
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Posted: 4/2/2020 9:49:35 AM EDT
[#34]
Quote HistoryQuoted: I thought that was a screwed up decision by Kemp to appoint her!! I agree. This is 100% on Gov Kemp too. I was a supporter of Gov Kemp and like many of his grass roots supporters, begged him to not appoint this establishment swamp creature. I'm voting for Collins and I'll be donating money to any credible R to primary Kemp in 2022. |
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Posted: 4/9/2020 8:11:02 AM EDT
[#35]
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Posted: 4/10/2020 1:16:39 PM EDT
[#36]
Quote HistoryEssentially she is admitting she has control over her funds (being managed by someone else of course) but says she wasn't involved with any trading of said stocks? While both can be true, the optics of it are horrible, and there's really no way to prove she didn't either provide information to the fund management or direct the trades herself. PR wise, I think she would have been better off sticking to the "it's a blind trust I have no control over" angle than changing the narrative at this point. My question would be is it a true blind trust or not? What she is saying makes me think it is not. |
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Posted: 4/10/2020 2:05:29 PM EDT
[#37]
She needs to go ahead and "retire" or whatever you do after being appointed to serve out a term. Collins will be our next Senator and I'm very happy about that.
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Posted: 5/5/2020 6:43:56 AM EDT
[#38]
Quote HistoryOriginally Posted By oversteer: PR wise, I think she would have been better off sticking to the "it's a blind trust I have no control over" angle than changing the narrative at this point. Quote HistoryOriginally Posted By oversteer: PR wise, I think she would have been better off sticking to the "it's a blind trust I have no control over" angle than changing the narrative at this point. She's now going to run campaign ads trying to explain what happened.  Republican Sen. Kelly Loeffler of Georgia is launching a $4 million statewide ad campaign that seeks to rebut criticism of stock transactions she made amid the coronavirus pandemic, as she faces stiff competition in a November special election. Loeffler’s campaign announced new television, radio and digital ad buys Monday, with three ads set to launch across Georgia on Tuesday. One is titled “Untrue” and takes aim at the scrutiny Loeffler faced in recent months over transactions made just before the virus outbreak sent markets tumbling. |
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Posted: 5/5/2020 8:19:44 AM EDT
[#39]
She is going to double down on her bet. It goes to show how much she wants to be in the senate.
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Posted: 5/9/2020 10:49:52 PM EDT
[#40]
No way I will ever vote for her. Collins is my choice
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Posted: 5/14/2020 5:54:00 AM EDT
[#41]
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