There is a rather amusing line in his wikipedia entry [0], given the current context: > In fall 2008, during that year's financial crisis, Burr said he was going to an ATM every day and taking out cash because he thought the financial system was going to soon collapse. In April 2009, in response to press about his experience, Burr told NC public radio station WFAE that he would do the same thing again next time. [0]…
Senator dumped up to $1.6M of stock after reassuring public on Covid-19
41–44 of 44 posts
Re: Senator dumped up to $1.6M of stock after reassuring public on Covid-19
#42Smart guy. I'd be about 30% richer today if I did the same.
No you wouldn't. Everyone would be in your boat. He has info you did not which is how he did it. It's not smart. It's just unscrupulous. It may also turn out to be really, really dumb. At least I hope so.
Re: Senator dumped up to $1.6M of stock after reassuring public on Covid-19
#43The time to buy is when blood is dripping down your screen.
Re: Senator dumped up to $1.6M of stock after reassuring public on Covid-19
#44Earlier quoted context omitted.
No you wouldn't. Everyone would be in your boat. He has info you did not which is how he did it. It's not smart. It's just unscrupulous. It may also turn out to be really, really dumb. At least I hope so.
He can buy back in at a lower level and probably double his gains. You can't say he made a bad decision.
Dumb. Corrupt. Doesn't matter how common crime is for it to be worth prosecuting.
If you did it on public info. Fine. Redistribution of wealth from those who did not to you for being faster. If you did on information you then lied about in public, in an official capacity. Rot in jail you crook.
Even if he "gets away with it" no sane individual would ever trust him with anything ever again.