New reporting reveals that three Republican senators Richard Burr, Kelly Loeffler, and David Perdue offloaded millions in stock holdings in the days and weeks following a private, all-senators briefing and then proceeded to downplay the risks of the virus to the American people. The shares these senators sold have lost considerable value as the market has tanked 30 percent, and included holdings in “companies that are among the most vulnerable to an economic slowdown” such as hotels and casinos.
“While American workers and small businesses across the country are suffering, these wealthy Republican senators padded their stock portfolios using exclusive information about the coming coronavirus pandemic while outwardly dismissing the very real risks to our economy and public health,” said DSCC spokesperson Helen Kalla. “Senators Burr, Loeffler, and Perdue owe their constituents an immediate explanation.”
IN CASE YOU MISSED IT:
Atlanta Journal-Constitution: Perdue, Loeffler among senators whose stock trading during coronavirus raises questions
By Tia Mitchell
March 20, 2020
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ProPublica: Senator Dumped Up to $1.7 Million of Stock After Reassuring Public About Coronavirus Preparedness
By Robert Faturechi and Derek Willis
March 19, 2020
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The Daily Beast: Sen. Kelly Loeffler Dumped Millions in Stock After Coronavirus Briefing
By Lachlan Markey, William Bredderman, and Sam Brodey
March 19, 2020
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