Burr's actions look bad. Meanwhile Matt Levine rebuts It for Loeffler: """ Similarly Loeffler sold as much as $3.1 million worth of stock (the reports give on

Burr's actions look bad. Meanwhile Matt Levine rebuts It for Loeffler: """ Similarly Loeffler sold as much as $3.1 million worth of stock (the reports give only broad ranges for each asset), which sounds like a lot for a senator, until you remember that “the Atlanta businesswoman, whose husband is the chairman and CEO of the New York Stock Exchange, is worth an estimated $500 million.” So she learned devastating news about a global pandemic and rushed out to sell … stock worth 0.6% of her net worth? Really? At that level of wealth that’s just a minor portfolio tweak; if she was going to insider trade, surely she’d have gone bigger. Also frankly at that level of wealth—and having a stock exchange CEO in the family—it seems unlikely she’s making such tiny trading decisions at all. As, in fact, she said: Loeffler responded on Twitter by calling criticism of her stock sales “a ridiculous and baseless attack.” The tweet said “I do not make investment decisions for my portfolio. Investment decisions are made by multiple third-party advisors without my or my husband’s knowledge or involvement.” That is a much better response than “no I sold before the stocks went down”! https://www.bloomberg.com/opinion/articles/2020-03-20/senators-picked-a-good-time-to-sell-stocks https://www.bloomberg.com/opinion/articles/2020-03-20/senato...