General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFeinstein should apologize, resign, and donate funds to non-profits battling Corona.
This outrage is damped by the participation of a Senior Democrat, but should she resign, Gov. Newsom appoints a replacement (safe seat), and this issue could help a smart, young, candidate Ossoff stop Loeffler in Georgia. This would mean picking up a seat.
UncleTomsEvilBrother
(945 posts)...but them first. They never resign. Ever.
Poeraria
(219 posts)And there are loads of upsides.
We as a party have got to begin transfusing young blood into the ranks. Feinstein's departure can open her seat to a young, promising prospect in California, and give Ossoff a shot in Georgia. Keep thee one safe seat in California, and pick up a new seat in Georgia.
UncleTomsEvilBrother
(945 posts)Republicans have shown us...
strong and wrong> weak and right.
Why do we always have to be "better"?
Poeraria
(219 posts)You be you.
LanternWaste
(37,748 posts)At least in this context, yes?
Poeraria
(219 posts)I said it would be smart politics and help win a seat in the Senate.
Her involvement helps shield Loeffler who can be defeated with this issue.
LanternWaste
(37,748 posts)Aquaria
(1,076 posts)onenote
(42,509 posts)flotsam
(3,268 posts)Fuck Off!
OnDoutside
(19,945 posts)happy feet
(863 posts)I suspect she's been thrown in as "both siderisms".
hlthe2b
(102,085 posts)very different. We'll see. I don't defend anyone R or D for actually exploiting and insider trading.
Dennis Donovan
(18,770 posts)sweetloukillbot
(10,953 posts)She wouldn't be dumping biotech stocks at a low price before they would start climbing.
Unless she has the worst accountant in the world.
Dennis Donovan
(18,770 posts)The OP needs to self delete this claptrap.
Poeraria
(219 posts)Dennis Donovan
(18,770 posts)Poeraria
(219 posts)The optics are so much better now.
Ok. Let Georgia keep the Senate seat.
Because, after all, there's a tweet.
The situations are different. How difficult is that for you to understand?
Dennis Donovan
(18,770 posts)...in the face of the pandemic. Her husband sold stocks that would RISE during a pandemic.
Fucking google it!
Poeraria
(219 posts)Spinning this is going to be tough.
Dennis Donovan
(18,770 posts)I'm done with you. I'd say "enjoy your stay", but I really hope you don't since you're disseminating disinformation.
SammyWinstonJack
(44,129 posts)Aquaria
(1,076 posts)Dennis Donovan
(18,770 posts)I found that after a single google search.
uponit7771
(90,301 posts)... up sector buy we'd have to look at it strange but he didn't.
He could've held and made nearly a 30% more, this trade wouldn't be on the radar while Burr was dumping a sector while pumping the economy to the public.
Dennis Donovan
(18,770 posts)...and the OP, despite being proven WRONG, refuses to self delete.
Poeraria
(219 posts)when it was at it's rock bottom price for the year, days after she was informed of the coming pandemic, including predictions of a routed stock market. Sure. Selling when a stock is in the basement, yeah, every really successful trader does that.
And I'm sure it had nothing to do with the information that the Senator received. They just wanted to sell a bunch of stock when it's price had fallen to the year's low (at the time).
That's going to be an easy sell.
uponit7771
(90,301 posts)Dennis Donovan
(18,770 posts)Leith
(7,807 posts)Not the stock market or insider trading, though that will be used as a bludgeon to use against a Democratic senator while ignoring all the rethugs who actually did unethically use info not available to the public.
Nice post poe. That crap doesn't fly around here. We like those pesky little things called facts - not alternative anything.
Dream Girl
(5,111 posts)Indykatie
(3,695 posts)Burr dumped 33 DIFFERENT stocks at one time. Clearly he was selling out a bit part or all of his stock portfolio. DIFI's transaction involves a single stock sold at a low point that was done by her husband. I'm sure they have many stocks in their portfolio. If they were up to no good why sell just 1 stock when it was at a low price? And do it with a bio-tech stock to boot.
Caliman73
(11,721 posts)Some one is walking down the street and there are 4 guys who just committed a murder standing there. The police come up and detain everyone there. Is the person just walking by the crowd is just as bad as the 4 that committed the murder?
Optics?
Follow up question: You really think that us taking down one of our Senators for "bad optics" is going to sway anyone to remove a Republican Senator? Where has that worked?
Hoyt
(54,770 posts)But, it definitely could be just a coincidence. If it's innocent, should be easy to prove.
liberalmuse
(18,671 posts)Not quite the same as downplaying Coronavirus in public and warning your donors in private. Not quite the same as dumping millions of dollars worth of stock and picking up medical or big pharma stock like the GOP Senators did. DiFi's husband sold Biotech stocks when they were at their lowest this year. I wanted to jump on any Dem caught death-profiting, but none of our Senators fit the pattern the GOP Senators so obviously do.
uponit7771
(90,301 posts)hlthe2b
(102,085 posts)Enjoy your stay.
Aquaria
(1,076 posts)Misleading and hateful post.
Dennis Donovan
(18,770 posts)She didn't engage in insider trading! Do some research before posting lies on this site.
JustAnotherGen
(31,773 posts)Much appreciated.
stillcool
(32,626 posts)Judi Lynn
(160,415 posts)I immediately checked to see just how recently the "progressive" visitor joined. I didn't entertain any further curiosity, for sure.
They just keep trying.
Thank you for your excellent comments.
JustAnotherGen
(31,773 posts)If Loeffler and Burr don't resign - our Senator stays.
And as another poster suggested - her situation may be quite different than those two.
Al Franken is now a pundit. Let that sink in.
I'm not willing to EVER target a Democratic Party member unless I see the same activity being punished by my enemies.
uponit7771
(90,301 posts)Dennis Donovan
(18,770 posts)Link to tweet
?s=20
Folks, go slow on the DiFi stuff. Her husband sold some stock in a medical company in January...when the stock was at its low point. It went up after that. That doesn't exactly look like cashing in on inside information.
Hoyt
(54,770 posts)if they were warned the market was about to tank. I'm hoping she innocent in this.
mcar
(42,276 posts)Lulu KC
(2,559 posts)She was ill and missed the meeting that day.
And it was her husband. Her investments are in a blind trust.
AND he sold low.
Oh, never mind. Just +1 +1 +1 to everyone else's posts.
mcar
(42,276 posts)dsc
(52,147 posts)that only you knew about? That is the opposite of insider trading.
Hoyt
(54,770 posts)dsc
(52,147 posts)Aquaria
(1,076 posts)Do keep up.
dsc
(52,147 posts)he sold at a very low price when he could have held and likely gained.
Aquaria
(1,076 posts)Stock in a company that exclusively focuses on cancer have to do with Senators profiting off the Coronavirus?
gibraltar72
(7,498 posts)Will withold judgement until I have more facts.
uponit7771
(90,301 posts)... can be sloppy or just biased by conflating all trades.
empedocles
(15,751 posts)Poeraria
(219 posts)It's now lower than when he sold it. Saved a bunch of $.
uponit7771
(90,301 posts)... nothing close to the two actions.
still_one
(92,055 posts)Dennis Donovan
(18,770 posts)onenote
(42,509 posts)After the second sale, in February, the stock soared. So he lost a bunch of $$ selling when he did.
LanternWaste
(37,748 posts)Ah.. I see. You're not missing it, merely dismissing it.
I get it... it doesn't really validate the narrative you're pushing, eh?
SidDithers
(44,228 posts)Sid
SiliconValley_Dem
(1,656 posts)DarthDem
(5,254 posts)I realize you're probably not really all that concerned about the same things we are. But, hey, surprise us.
Dennis Donovan
(18,770 posts)panader0
(25,816 posts)delisen
(6,042 posts)Poeraria
(219 posts)a Senate seat.
Nuance may say different, but political reality is political reality.
Franken's ham-handed mistakes were in no way like the sexual harassment practiced by others, but he knew that the issue was weakened if he stayed in his seat, so he left, the seat was maintained and the issue helped win the 2018 House. Feinstein is wiley, and experienced enough to know the same dynamic could keep us from picking up Georgia.
Ms. Toad
(33,978 posts)"Under Senate rules I report my husband's financial transactions. I have no input into his decisions. My husband in January and February sold shares of a cancer therapy company. This company is unrelated to any work on the coronavirus and the sale was unrelated to the situation."
https://www.foxnews.com/politics/dianne-feinstein-3-senate-colleagues-sold-off-stocks-before-coronavirus-crash-reports
* Not at the meeting, so no insider knowledge
* Maintans NO control over own investments
* Husband's sale is under his control, not hers, and was the opposite of insider trading (the goal of which is to sell high, not low). {I've been trying to get my spouse to dump her money guy for decades, since all he does buy, sell, buy, sell - and buy stocks that charge the highest fees. Ultimately, I've got no control - it's her retirememt money. Not appropriate to blame one spouse for the sins of the other - and in this case there isn't any sin to be blamed for}
Aquaria
(1,076 posts)That focuses solely on cancer research is related to this profiting off Coronavirus...
...how?
Poeraria
(219 posts)when the pandemic hits is black letter definition of, "appearance of impropriety", if not ethically shady.
Regardless, what others, particularly Loeffler, did is pure-T unethical, if not criminal, and if Feinstein was not attached to the headline, Loeffler could be taken out, and a seat picked up.
Jirel
(2,011 posts)Some outlets are reporting that hers does NOT appear to be related. Also, Ron Johnsons trades may not be related. I think we need to watch this for a couple days carefully, as more facts emerge, before demanding resignation.
Poeraria
(219 posts)I said it would be smart politics and help win an unexpected seat.
LanternWaste
(37,748 posts)Poeraria
(219 posts)LanternWaste
(37,748 posts)Schrodinger's Nuance, eh?
Poeraria
(219 posts)Fuck winning Georgia.
As long as the cult of personality is maintained.
Aquaria
(1,076 posts)Illogical response to legitimate criticism.
Aquaria
(1,076 posts)What part of that are you refusing to get?
still_one
(92,055 posts)Aquaria
(1,076 posts)You said she SHOULD resign.
That is a demand.
All your dishonest tapdancing doesnt change that reality
OnDoutside
(19,945 posts)Dennis Donovan
(18,770 posts)Not seeing this on any legit news site.
Jirel
(2,011 posts)Last night, she only got lumped in with the others because of people going over financial disclosures. Thats fair - if you see a pattern, its ok to look at it further for what is going on. But actual news sites - actual reporting - requires corroborating a disclosure figure with other data that shows malfeasance. In DiFis case, nothing like that seems to be going on.
dansolo
(5,376 posts)Why did he sell his stock at that point in time? It seems to very very unusual to sell a stock when it is going down, unless you are expecting it do go down even more. Sorry, but even if it doesn't smell as bad as the Republicans, I'm not entirely convinced that the sale was entirely on the up and up.
uponit7771
(90,301 posts)... if he sold it on its way up that would be 100% shady.
Are people looking at the facts here?
Karma13612
(4,537 posts)In the stock and decided he would just dump it for something on an upward swing.
Otherwise, without knowing the particulars, how is his action any different from normal trading?
The stuff Burr did was obviously tied to the COVID-19 situation and he shouldnt be allowed to trade with insider information.
DFW
(54,267 posts)It looks to me like someone should apologize, rescind, and donate funds to DU, battling misinformation and right wing propaganda.
But that's just my opinion.............
Miguelito Loveless
(4,448 posts)she certainly doesn't know how the game works.
You sell when the stock is going to tank, not when it is going to rise.
Under The Radar
(3,401 posts)Dennis Donovan
(18,770 posts)The OP is bullshit. Don't fall for it.
Response to Dennis Donovan (Reply #67)
Post removed
rufus dog
(8,419 posts)Prior to looking into the details.
I was wrong, so are you.
Cartoonist
(7,309 posts)People in Georgia aren't the least bit interested in California. This issue will have absolutely no influence on their vote.
Poeraria
(219 posts)We used to be a lot smarter.
Feinstein should make the same sacrifice that Franken made. Franken's resignation preserved "Me Too" as an issue, and his sacrifice helped win back the house. Feinstein's resignation could make this a real issue, and help win a Senate seat in Georgia.
But no. We throw away this issue, so a favorite Senator can stay another few years, rather than safely pass that seat on to an up and comer from California, while also sacrificing a potential pick up in what is becoming a purple state?
That's what would have happened when we were smarter about politics.
SharonClark
(10,014 posts)Who ever claimed it preserved "Me Too" as an issue, except you?
Poeraria
(219 posts)Had the battle become about defending Franken, rather than "Me Too", then it would have been seen as naked politics and hypocrisy cloaked in nuance. Franken was smart, and decent enough of a Democrat to know that he would have tarnished a winning issue. Rather than be the focus of, "well Democrats do it too", Franken took one for the team and helped to put Speaker Pelosi back in charge of the gavel.
This is not about bashing Feinstein. This is about realizing an opportunity to take advantage of an issue that has been gifted to us, and winning a Senate seat from out of the blue!!!
Feinstein is smart. If she was aware of this discussion, she would agree with me.
malaise
(268,612 posts)Hmmmmmmmmmmmmmmm!
Strange post
redstatebluegirl
(12,265 posts)LiberalArkie
(15,703 posts)lamp_shade
(14,813 posts)StarfishSaver
(18,486 posts)But nice try
The Magistrate
(95,241 posts)Demand resignation of Republicans with full-throat howls and bitter denunciation and ignore or laugh at any whimpering 'whataboutism' charging hypocrisy.
DO NOT DO THE ENEMY'S WORK FOR HIM!!!
Righteous posturing is what will sap our strength and increase theirs. This is not a game where purity counts.
"The only good Republicans I ever saw are dead."
Poeraria
(219 posts)While we waste a great issue. Give up an opportunity to pick up a previously out of reach Senate seat, and a favorite Senator gets to sit in the minority until she retires in a few years.
Sorry Justice Ginsburg. I tried.
The Magistrate
(95,241 posts)Fire should be concentrated on a single point.
DO NOT DO THE ENEMY'S WORK FOR HIM!!!
Poeraria
(219 posts)The Senate!!! The Senate!! The Senate!!!
We keep the seat in California, and pick up one in Georgia!!!
This has nothing to do with Feinstein!! It has to do with the Senate!!!
The Magistrate
(95,241 posts)Whether we get those seats or no is independent of Sen. Feinstein, though on balance attacking her will make the pick-ups less likely.
Attack the enemy, not your own kind.
DO NOT DO THE ENEMY'S WORK FOR HIM!!!
"The only good Republicans I ever saw are dead."
RhodeIslandOne
(5,042 posts)agingdem
(7,803 posts)no she does not need to resign...stop with the "we're better than they are"..think Al Franken...keep the pressure on Burr Loeffler Inohofe to resign.. let's get through this crap and get rid of the garbage in our White House and Congress...yes we're better than they are but we're human and we won't pay for our "fuck ups" until they do and they never do
Poeraria
(219 posts)Feinstein gives them cover.
She knows it as well.
This is the sort of lost opportunity that has put us where we are today. We used to be smarter.
Stop trying to draw blood, and start trying to win the battle. It's not the same thing.
agingdem
(7,803 posts)Last edited Fri Mar 20, 2020, 08:07 PM - Edit history (1)
didn't see the republican mass resignations when Franken resigned...keep her there...let's hear the mea culpas...it's not for us to force her out...so tired of our self-sacrificing in the name of "setting the example"...
Poeraria
(219 posts)And Franken's resignation made that possible, because his sacrifice preserved a real issue which we capitalized on!!!!
We can do the same here!
I'm not talking about forcing Feinstein out! I'm pointing out that if she will take one for the team, we can pick up a seat in Georgia!!
We are never going to be a successful party as long as we are satisfied with calling names, and drawing blood. We don't have to win the screaming match and name calling. We have to win elections!
We have to be more strategic and fight smarter!!!
The Magistrate
(95,241 posts)"The only good Republicans I ever saw are dead."
Aquaria
(1,076 posts)She did nothing wrong here.
You are the one regurgitating dishonest right wing spin about an innocent transaction.
Go back to Frightfart. That kind of made up bullshit false equivalence flies there but not here.
Last edited Fri Mar 20, 2020, 11:18 PM - Edit history (2)
while we're slinging righteous words the republican assholes are slinging mud...and yes sometimes we do have to get down into the pit and fight dirty instead of "please sir can I have another".. I'm 71 and I've watched our side get beaten and stepped on for as long as I can remember...don't want to play nice anymore..."nice" is just another four letter word
Demsrule86
(68,454 posts)onecaliberal
(32,751 posts)emmaverybo
(8,144 posts)of stock to go up in a pandemic, so shed have done better holding on to it. Of course, they will try to throw a Dem in with the corrupt Republicans,
Poeraria
(219 posts)SaveOurDemocracy
(4,400 posts)Eating our own is a favorite past time of some... 😱
Poeraria
(219 posts)His resignation cemented the Me Too movement as a Democratic issue and handed the House to the Democratic Party.
He knew if he stayed he would be fodder for right-wing radio and media, diluting the message and issue. He knew what was best for the party and made a humiliating sacrifice. We kept his seat and gave the gavel back to Speaker Pelosi.
We could have the same opportunity here if we acted strategically.
Now the Headlines read, "Four Senators sold stock...etc."
Tomorrow it can read, "Three GOP Senators stick by their decision, while Sen Feinstein makes amends..."
We could bludgeon Loeffler (already unpopular with Trumpers in Georgia), and her Wall Street CEO husband with the issue and pick up a seat with Ossoff in Georgia.
That would be the smart thing.
SaveOurDemocracy
(4,400 posts)He IS a hero, but for very different reasons.
emmaverybo
(8,144 posts)emmaverybo
(8,144 posts)live love laugh
(13,065 posts)Celerity
(43,050 posts)and overall healthcare stocks are getting hammered YTD
S&P 500 Health Care Index ETF Tracker
https://etfdb.com/index/sp-500-health-care-index/
They did not sell the biggest amount at its low (She did do a smaller sale on January 31st), they sold up to 5 million USD on February 18th, before it crashed out
https://efdsearch.senate.gov/search/view/paper/680b4c2d-8eea-48c5-b79e-df2754e37ac4/
before these sales, they had been buying, not selling that particular stock
https://efdsearch.senate.gov/search/view/paper/047cd045-9b5d-402a-aebe-5bef2fba6678/
https://efdsearch.senate.gov/search/view/paper/f87e5b8f-8752-4d07-a5a8-cd777a7e70bd/
blogslut
(37,977 posts)llashram
(6,265 posts)SaveOurDemocracy
(4,400 posts)wryter2000
(46,023 posts)Not one moment sooner. Why do we have to do their work for them?
Poeraria
(219 posts)Keep Feinstein in office so she can remain a member of the minority until her retirement, or we can thnk her for her service a she gracefully bows out, maintain the issue, and use it to win in Georgia.
Why don't we ever do the smart thing?
We NEED the Senate. The Senate gives us the Supreme Court as well!! THINK!!!!
Dennis Donovan
(18,770 posts)wryter2000
(46,023 posts)Difi has seniority on committees. Her resignation doesn't guarantee anything that happens in another state.
And as to the"new blood" argument, do you really want to lose Nancy Pelosi in the House? If you do, Wryter2000 is writing you off as utterly foolish.
Alea
(706 posts)#themfirst
I don't even think she did anything wrong, but either way, THEM FIRST!
live love laugh
(13,065 posts)Alea
(706 posts)I don't know enough about the stock market to say anything else. But them frigging first!
Hermit-The-Prog
(33,232 posts)wryter2000
(46,023 posts)Too much fun seeing it demolished with truth.
Polybius
(15,322 posts)Some content or a link would have helped.
Dennis Donovan
(18,770 posts)Laelth
(32,017 posts)-Laelth
zackymilly
(2,375 posts)He's pissed and has been calling Burr's office leaving messages for him to donate his stock money and resign.
You know Burr won't do either one.
RandySF
(58,387 posts)emmaverybo
(8,144 posts)Mr. Ected
(9,670 posts)So do we succumb to their lies, distortions and obfuscations by reducing our ranks because a bunch of psychophants may believe that the lies are true?
Been down that road way too many times. You say that Democrats used to be better at this. I would submit, no they haven't. We self-police to the point of nitpicking; they don't self-police in the least. In fact, they double down.
DF did nothing wrong, she just did something vaguely SIMILAR to the GOP's very real SEC violations at approximately the same time. Will that be a winning argument for Rush? Of course it will. Is it a winning argument on DU?
Fuck no.
Stinky The Clown
(67,756 posts)How about we WAIT for FACTS.
musette_sf
(10,198 posts)She wasn't in the briefings.
The stock was sold near its historical low.
BY A BLIND TRUST.
And this information was disclosed to the public on MARCH 1.
JUST STOP THIS.
https://www.barrons.com/articles/sen-dianne-feinsteins-husband-sold-a-biotech-stock-near-its-2020-low-51583064907
Mersky
(4,979 posts)The trades tied to her name look like getting out of a bad position.
Is quite different from what loeffler (sen-GA) did: precipitous selling-off starting the day of the briefing on 1/24, and then buying into a company that provides work from home solutions. Adding to the damning nature of how these trades look is that she belongs to the party that enables tRump - she and burr allowed tRump to go unchecked with his disorganized, unplanned, late, inadequate, and irresponsible response while they unloaded significant stock.
Am just gonna go ahead and warn that this OP is real freakin close to pushing right wing talking points. Im giving the benefit of the doubt to the poster and those with hair-on-fire over Feinstein, as maybe the author and those agreeing are perhaps not accustomed to looking at stock trades or are upset over the losses in their own 401Ks, etc. Frankly, Im rusty, too, as I stopped actively trading stock years ago, but have enough experience to see the difference in stock movement.
Were all stressed-out and looking for targets for our anger. I ask that folks slow down, breathe, and stop with snap judgements that any trading in late January and in February is automatically insider trading by senators - this goes for republicans, too. However this shakes out, loeffler and burr have some explaining to do.
Lunabell
(6,033 posts)We need to be the party of law and order. We don't put up with illegal shenanigans.
Botany
(70,429 posts)friendly_iconoclast
(15,333 posts)Botany
(70,429 posts)Dennis Donovan
(18,770 posts)By David Leonhardt
Opinion Columnist
March 20, 2020
<snip>
Given the disconnect between what they knew and the publics understanding, Burr and Loeffler had an opportunity to sound the alarm. They could have broken ranks with other congressional Republicans and told the country to take the situation more seriously. They could have criticized Trump for not doing more. Such criticism, coming from Trumps own party, would have received major attention. It would have had the potential to alter Trump administration policy and, by extension, the course the disease took.
But Burr and Loeffler did virtually nothing to protect the health and safety of their constituents or of Americans in other states. (Burr went so far as to co-write an article for FoxNews.com bragging about the countrys readiness.) Heres what the two senators did instead: They sold large amounts of their personal stock holdings, cashing in before the market sharply declined, as the severity of the virus became apparent to everyone.
<snip>
Update: Several readers have asked about the other senators who sold stock during the same period, including Dianne Feinstein (a California Democrat), James Inhofe (an Oklahoma Republican) and Ron Johnson (a Wisconsin Republican). But none of their trades look particularly suspicious.
Feinstein has said that she did not attend the Jan. 24 briefing; her stock was in a blind trust, which means she didnt make the decision to sell; and the transaction lost her money, because the trust was selling shares of a biotechnology stock, the value of which has since risen. Inhofes transactions were part of a systematic selling of stocks that he started after he became chairman of the Armed Services Committee. Johnson sold stock in his familys plastic business, as part of a process that has been occurring for months; his sale also occurred well after stock market began falling.
</snip>
G_j
(40,366 posts)friendly_iconoclast
(15,333 posts)His posts indicate that he has the best interests of both the Democratic Party and the nation in mind
Yeah, that's the ticket!
rockfordfile
(8,695 posts)flotsam
(3,268 posts)also go away.
LiberalFighter
(50,751 posts)Disgusting. Get the facts first.