Elizabeth Warren demands investigation into elite investors accessing Trump briefings

[spanone]

Last edited Thu Oct 15, 2020, 06:48 PM - Edit history (1)

New York (CNN Business) - Senator Elizabeth Warren is calling on US financial regulators to investigate whether insider trading laws were violated when elite investors reportedly got wind of private concerns voiced by Trump officials about the pandemic in late February.

"Numerous investors may have used this early and insider information about the looming, tragic economic and public health consequences of the pandemic to extract profits for themselves," Warren wrote in the letter obtained first by CNN Business.

Warren, a Democrat from Massachusetts, urged the SEC and Commodity Futures Trading Commission to swiftly open an investigation into the episode.

The request follows a report by The New York Times alleging that senior members of President Donald Trump's economic team privately detailed concerns in late February about the looming pandemic. These warnings, reportedly relayed during private addresses to board members of the conservative Hoover Institution, contrasted sharply with the administration's public comments.

https://www.cnn.com/2020/10/15/investing/elizabeth-warren-insider-trading-investigation/index.html



Wall Street heavyweights profited as the market melted down in February after getting private warnings from the Trump administration, a new report says
https://markets.businessinsider.com/news/stocks/stock-market-drop-wall-street-profit-white-house-memo-coronavirus-2020-10-1029685269

[Lucinda]

1. KNR

[saidsimplesimon]

2. Thank you Elizabeth Warren and spanone

[spanone]

4. Check out this pic from Business Insider....

Wall Street heavyweights profited as the market melted down in February after getting private warnings from the Trump administration, a new report says
https://markets.businessinsider.com/news/stocks/stock-market-drop-wall-street-profit-white-house-memo-coronavirus-2020-10-1029685269

[saidsimplesimon]

5. Larry needs some work on this upper denture.

The color doesn't match his lower. I'm being petty, but that man has his head so far up someone's behind people are asking what he had for lunch.

[Roland99]

3. In a way. In a sick and vengeful way....

I’d almost be ok with trump winning, if Dems took the senate, too

Ohh. The fear in him and all who surround him??!

[cynical_idealist]

6. No way

Better for humanity if trump show is cancelled immediately

[malaise]

7. This is a huge story that is receiving very little coverage

The entire kakistocracy should be in prison

[spanone]

8. He's as crooked as the day is long....and they want to keep him in his current position

cause they are too

[malaise]

9. How i wish he'd suffer the same fate as Golden Dawn

the Greek criminals/fascists

[Yo_Mama_Been_Loggin]

10. K&R

Yes indeed