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Some Congress members didn't even want the STOCK bill of 2012 to pass, including Senator Burr: https://www.forbes.com/sites/jackkelly/2020/03/20/senators-accuse
by karmelapple 4y ago
Some Congress members didn't even want the STOCK bill of 2012 to pass, including Senator Burr: https://www.forbes.com/sites/jackkelly/2020/03/20/senators-accused-of-insider-trading-dumping-stocks-after-coronavirus-briefings/?sh=25b6d3ac4a45 https://www.forbes.com/sites/jackkelly/2020/03/20/senators-a...
(Other Congresspeople didn't support it, and also appear guilty of doing something with privileged knowledge, but I'd like to just focus on one person of note)
Senator Burr was accused of behaving badly: https://www.politico.com/news/2020/03/21/coronavirus-trading-house-senate-140260 https://www.politico.com/news/2020/03/21/coronavirus-trading...
And as of this year, unsealed FBI docs show he sold a bunch of stock: https://www.cnbc.com/2022/09/06/unsealed-fbi-docs-reveal-a-flurry-of-calls-amid-burrs-stock-trades.html https://www.cnbc.com/2022/09/06/unsealed-fbi-docs-reveal-a-f...
As far as I can tell, it did indeed involve individual stock purchases. As the article says:
> According to the FBI, “As a result of Senator Burr’s sales on February 13, 2020, his portfolio went from approximately 83% in equities to approximately 3% in equities.”
So... as far as I can tell, this absolutely has happened. And although Senator Burr and other officials didn't officially get charged, I would very much like to stop this behavior.
When you get elected, you simply give up the ability to own and trade certain things, because you just have too much knowledge and power. Serving your fellow country people should be the bonus reward beyond a salary, not some stock trades.