Two Republican senators defended themselves yesterday against heavy criticism -- including demands that they resign -- for selling millions of dollars in stocks before the coronavirus-induced market meltdown and other closed-door briefings on the outbreak, the Reuters website reports today (March 21, 2020).
Senate Intelligence Committee Chairman Richard Burr sold some $1.7 million worth of stock on February 13 in 33 separate transactions after offering public assurances the government was ready to control the virus.
Senator Kelly Loeffler also sold millions of dollars in shares in the weeks after lawmakers were first briefed on the dangers of the virus, according to public filings.
Media reports about Burr and Loeffler -- who have denied any wrongdoing -- prompted calls they leave office and other sharp criticism. Their unethical acts of greed will most-likely hinder their chances of being re-elected to the senate.
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