The public demands the resignation of one of 4 Senators who got rid of stocks before the market collapsed
Previously convicted of selling more than $ 1.7 million worth of stocks, Senator Richard Burr (R-N.C.) must step down, as the public demands. As one of the authors of the Pandemic and All-Hazards Preparedness Act, he knew about the catastrophic effects of a pandemic on the US market and economy, reports ProPublica.
Amid accusations, Democrat Alexandria Ocasio-Cortez also called on Burr to resign.
As Intel chairman, @SenatorBurr got private briefings about Coronavirus weeks ago.— Alexandria Ocasio-Cortez (@AOC) March 19, 2020
Burr knew how bad it would be. He told the truth to his wealthy donors, while assuring the public that we were fine.
THEN he sold off $1.6 million in stock before the fall.
He needs to resign. https://t.co/IAITMbJ3R5
Richard Burr had access to classified non-public information, which the senator later decided to use to get rid of stocks that would have devalued in a few days.
Also, according to an investigation by ProPublica, Burr informed his influential friends of an impending stock price drop and Kelly Loeffler (R-Ga.), James Inhofe (R-Okla.), Dianne Feinstein (D-Calif.) also saved their money.
Fun fact about Senator Richard Burr, “(he) was one of just three senators who in 2012 opposed the bill that explicitly barred lawmakers and their staff from using nonpublic information for trades and required regular disclosure of those trades,” reports ProPublica.
Twitter has already hit Senator Burr. All users, without exception, demand his resignation.
Senator Burr should resign and prepare to spend some quality time with a federal grand jury. https://t.co/OaVBcD81BK— Rep. Jared Huffman (@JaredHuffman) March 19, 2020
Tucker Carlson calls for Senator Burr to resign and await prosecution for insider trading if he cannot provide a reasonable explanation for his actions. He goes on to say it appears that Senator Burr betrayed his country in a time of crisis pic.twitter.com/q7yJa5wjuA— Acyn Torabi (@Acyn) March 20, 2020
Burr was one of three senators to vote against the 2012 STOCK Act, which barred lawmakers from using non-public information for trades.— Robert Reich (@RBReich) March 19, 2020
This kind of self-serving behavior from a sitting senator at a time of unprecedented crisis is unacceptable.
Burr must resign immediately. https://t.co/siYlsk7nnZ