header pic

Perhaps the BEST B1G Forum anywhere, here at College Football Fan Site, CFB51!!!

The 'Old' CFN/Scout Crowd- Enjoy Civil discussion, game analytics, in depth player and coaching 'takes' and discussing topics surrounding the game. You can even have your own free board, all you have to do is ask!!!

Anyone is welcomed and encouraged to join our FREE site and to take part in our community- a community with you- the user, the fan, -and the person- will be protected from intrusive actions and with a clean place to interact.


« previous next »
Pages: 1 ... 99 100 [101] 102 103 ... 765   Go Down
Author

Topic: Misfits Thread

 (Read 400325 times)

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 71446
  • Oracle of Piedmont Park
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1400 on: April 14, 2020, 09:11:17 AM »
They are required to report stock sales and purchases but the ranges given are generous, that is why the range here is generous.  

If they had five sales for example, they might report by checking some box (between $50,000 and $250,000" in value, and that compounds the range over five sales.
Logged

FearlessF

  • Hall of Fame
  • *****
  • Posts: 37483
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1401 on: April 14, 2020, 11:07:21 AM »
It seems Senate Intelligence Committee Chairman Richard Burr (R-NC) could be in the toughest spot.

Burr has asked the Senate Ethics Committee to review his trades. The FBI is reportedly investigating him, while thus far, the other senators say they have not heard from the FBI or the Justice Department. Burr has also been sued civilly in the federal district court in D.C. by an investor in Wyndham Resorts, one of the stocks he sold.

Burr handles his own investments. He may regret that.

Burr has issues. He sold off 33 stocks worth between $628,000 and $1.7 million (the required disclosures are reported in frustratingly wide ranges), amounts that “appear to be a significant share of his holdings.” The defense he offers is that he was following CNBC’s reporting on the growing coronavirus hazards. That may be true, but it is not especially convincing. If he received non-public information in this period that would significantly add to or change the picture painted on CNBC, he could be in serious legal jeopardy.

https://www.nationalreview.com/2020/04/congress-insider-trading-controversy-richard-burr-unique-legal-jeopardy/
Logged
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

847badgerfan

  • Administrator
  • Hall of Fame
  • *****
  • Posts: 25163
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1402 on: April 14, 2020, 11:13:39 AM »
Time to bend over.
Logged
U RAH RAH! WIS CON SIN!

FearlessF

  • Hall of Fame
  • *****
  • Posts: 37483
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1403 on: April 14, 2020, 11:22:46 AM »
why would a republican be following CNBC’s reporting???  red flag!
Logged
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 71446
  • Oracle of Piedmont Park
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1404 on: April 14, 2020, 11:28:05 AM »
Quote from: FearlessF on April 14, 2020, 11:22:46 AM
why would a republican be following CNBC’s reporting???  red flag!
CNBC is not obviously partisan, nearly as I can tell.
I agree Burr has some explaining to do.  Get the facts.


https://www.nbcnews.com/politics/congress/sen-burr-i-sold-stocks-because-tv-reports-not-inside-n1165036

It is a large percentage of his holdings.  Other investors did not sell such a large portion of their holdings even if they monitored CNBC.

SPY right now is at about the same point as it was on March 10.  The markets started dropping the last week in February.
Logged

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 71446
  • Oracle of Piedmont Park
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1405 on: April 14, 2020, 11:29:42 AM »
Stock transactions of lawmakers are reported in ranges. Burr’s Feb. 13 selling spree was his largest stock selling day of at least the past 14 months, according to a ProPublica review of Senate records. Unlike his typical disclosure reports, which are a mix of sales and purchases, all of the transactions were sales.
His biggest sales included companies that are among the most vulnerable to an economic slowdown. He dumped up to $150,000 worth of shares of Wyndham Hotels and Resorts, a chain based in the United States that has lost two-thirds of its value. And he sold up to $100,000 of shares of Extended Stay America, an economy hospitality chain. Shares of that company are now worth less than half of what they did at the time Burr sold.
The assets come from accounts that are held by Burr, belong to his spouse or are jointly held.


Logged

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 71446
  • Oracle of Piedmont Park
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1406 on: April 14, 2020, 11:31:12 AM »
The Feb. 13 date is significant because the sell off did not start until around Feb. 22, e.g., when other investors started to worry about this based on public information.

Logged

SFBadger96

  • Starter
  • *****
  • Default Avatar
  • Posts: 1243
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1407 on: April 14, 2020, 12:08:08 PM »
Yeah, from what I've read, Burr is the one with real legal trouble. Loeffler has political trouble, but probably not legal trouble. Feinstein and Inhofe seem to be pretty clear on this. I care at least a little because Feinstein is my senator, so I have to decide whether to vote for her (and she did have a significant challenger last time). Of course, at her age, it's unlikely I'll have that chance again. It seems her husband, who holds his assets separately from hers (hers are in a blind trust), sold a significant stake in a cancer-treatment company--not exactly the kind of business directly impacted by the COVID-19 situation. The sale was also consistent with his trading history (he's a very wealthy guy, so large stock sales aren't uncommon). Additionally, she was not at the two, early COVID-19 briefings.

More will be learned--but it seems there is a lot more to the story, in different directions, for these four.
Logged

CWSooner

  • Team Captain
  • *******
  • Posts: 6045
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1408 on: April 14, 2020, 06:50:23 PM »
I like the defense of "My stock sales were not made because of the classified briefings about an imminent pandemic I received, but because of what I saw on a late-night infomercial!"
Logged
Play Like a Champion Today

847badgerfan

  • Administrator
  • Hall of Fame
  • *****
  • Posts: 25163
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1409 on: April 14, 2020, 06:58:55 PM »
Quote from: SFBadger96 on April 14, 2020, 12:08:08 PM
Yeah, from what I've read, Burr is the one with real legal trouble. Loeffler has political trouble, but probably not legal trouble. Feinstein and Inhofe seem to be pretty clear on this. I care at least a little because Feinstein is my senator, so I have to decide whether to vote for her (and she did have a significant challenger last time). Of course, at her age, it's unlikely I'll have that chance again. It seems her husband, who holds his assets separately from hers (hers are in a blind trust), sold a significant stake in a cancer-treatment company--not exactly the kind of business directly impacted by the COVID-19 situation. The sale was also consistent with his trading history (he's a very wealthy guy, so large stock sales aren't uncommon). Additionally, she was not at the two, early COVID-19 briefings.

More will be learned--but it seems there is a lot more to the story, in different directions, for these four.
And now he might have more. The townhouse he sold to a donor/lobbyist. That could be a problem, since it was sold off-market for more than it was worth.

I would accept his resignation, right now. Do you think I should give him a buzz?
Logged
U RAH RAH! WIS CON SIN!

FearlessF

  • Hall of Fame
  • *****
  • Posts: 37483
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1410 on: April 14, 2020, 07:59:53 PM »
apparently he's not even liked by Republicans
Logged
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

Cincydawg

  • Oracle of Piedmont Park
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 71446
  • Oracle of Piedmont Park
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1411 on: April 14, 2020, 09:27:44 PM »
Maybe Burr has some real excuse, but I have not found it.
Logged

FearlessF

  • Hall of Fame
  • *****
  • Posts: 37483
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1412 on: April 14, 2020, 10:03:12 PM »
Wisconsin's Zack Baun, the third-rated linebacker on Mel Kiper Jr.'s draft board, notified all 32 teams that he tested positive for a diluted sample at the NFL scouting combine that he blamed on drinking too much water for weight-related weigh-in purposes, league sources told ESPN's Adam Schefter on Tuesday.
Logged
"Courage; Generosity; Fairness; Honor; In these are the true awards of manly sport."

CWSooner

  • Team Captain
  • *******
  • Posts: 6045
  • Liked:
Re: 2020 Offseason Stream of Unconciousness
« Reply #1413 on: April 14, 2020, 10:04:14 PM »
I think we are erring on the wrong side if we think elected officials are A-OK if it cannot be proven beyond a reasonable doubt that they have committed crimes.

They should be like Caesar's wife--above suspicion.  If we have to wonder whether they are trustworthy or not, they need to go.

Off the top of my head, I think we've been entirely too tolerant of criminal politicians--Huey Long comes to mind because we're reviewing the New Deal era in AP U.S. History right now.  That guy was an organized crime outfit all by himself.  And yet he is still beloved in parts of (all of?) Louisiana.

Public office is a public trust.  It's not like being CEO of  Fortune 500 company.
Logged
Play Like a Champion Today
Pages: 1 ... 99 100 [101] 102 103 ... 765   Go Up
« previous next »
 
Support the Site!
Purchase of every item listed here DIRECTLY supports the site.
WeatherPROOF Sign Single Sided

Living Wedding Guest Book