From Common Dreams <[email protected]>
Subject “Stomach-churning”: Senators dumped millions on coronavirus insider trading
Date March 30, 2020 8:15 PM
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Dear Friend,

News just broke that the Justice Department has launched an insider
trading investigation into Senator Richard Burr and possibly others for
dumping millions in stock based on a classified information just before
the market crashed.

Sen. Burr's actions were simply nauseating. As chair of the Intelligence
Committee, he had information about the true extent of the coronavirus
pandemic before almost anyone else in government.

And he didn't warn the country. He didn't prepare an emergency pandemic
action plan. He dumped stock.

The corporate media is treating this scandal as a minor sidebar story,
but not Common Dreams. And we're going to keep reporting on the
corruption of government officials like Burr as well as the corporate
bailouts and disaster capitalists taking advantage of this crisis to get
rich.

These are perilous times. If you are in a position to help keep us
strong—so we can continue to bring the world the news and views that
matter most—please donate today.

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On the same day last month that Donald Trump assured the public that the
coronavirus "would disappear," Sen. Burr was meeting with a group of
high-dollar donors, warning them that the coronavirus pandemic would be
worse than any seen in modern times.

And Richard Burr isn't the only one engaged in insider trading. Georgia
Senator Kelly Loeffler also sold up to $3.1 million in stock--and bought
shares of companies that specialize in remote working software--while
telling the public that the economy was strong and there was nothing to
worry about.

The Trump administration and Republican lawmakers are moving to make
sure their fat-cat donors and corporate cronies are protected even as
they shortchange U.S. workers and families who are hit hardest by the
outbreak. Now we know that some have even maneuvered to enrich
themselves at the expense of public health.

This is beyond outrageous—but Common Dreams is committed to shining a
bright light on the kind of greed and shock-doctrine policymaking the
corporate media—owned by the very same wealthy elite who prop up this
system—would rather ignore or downplay.

Please, if you can, support independent journalism during the
coronavirus pandemic.

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In solidarity and thanks,

Craig Brown

Co-Founder

Common Dreams

Donate Now

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