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Home Front: Politix
'I'm a political outsider': Kelly Loeffler deflects accusations of insider trading
2020-03-21
[Washington Examiner] Fox News host Tucker Carlson confronted Sen. Kelly Loeffler over reports that she sold over $1 million in stocks after a Senate Health Committee coronavirus briefing in January.

The Georgia Republican had previously called the news "a ridiculous and baseless attack" and said that "investment decisions are made by multiple third-party advisers without my or my husband's knowledge or involvement."

Appearing on Tucker Carlson Tonight on Friday, Loeffler reiterated her claim that she had nothing to do with the trades. Carlson asked her "who specifically" made the decision for the stocks in her portfolio to be sold despite the strong market.

"That would be the financial advisers that are charged with conducting trades in our portfolios, which we don’t have a say over," Loeffler said. "The most important thing is that I’m informed only after those trades are made. I have nothing in terms of a say in what buys and sells are executed, what that timing is, and I’m only advised after it happens, almost concurrent with the public reporting that we do here."

Carlson then pointed out that she received notice of the stocks that were sold on Feb. 16, and, despite showing the sells, recorded a video reassuring the public that the economy was strong. Carlson showed a clip of the video and asked that if, in retrospect, she would have "hinted that maybe [the economy] is not fine."

"This situation has dramatically changed in the space of three months. I think none of us could have predicted where we would be today, and I think that’s why it’s important that I’m not involved in stock transactions. I don’t want to have to explain my actions three months ago," she said before being cut off.
Posted by:Besoeker

#11  So, #7, senator is a vanity project for her.
Posted by: M. Murcek   2020-03-21 15:22  

#10  @#9: Yup - please see link: "The only situation that can possibly be questioned, that is even a close call, in my opinion, would be Sen. Burr’s."

If he's dirty, he must be punished.
Posted by: Anomalous Sources   2020-03-21 14:09  

#9  Hey, Barr sold his 3 weeks later? Doesn't compute.
Posted by: g(r)omgoru   2020-03-21 12:30  

#8  OTOH: 1, 2, 3, 4 Senators Dump Stock After Wuhan Virus Briefing Leaving Reporters Breathless; Here’s What They’re Missing

"When a member of Congress attends a briefing like the one that Senators on the Health, Education, Labor and Pensions and Foreign Relations Committees attended on January 24, does that mean they can’t sell stock because it would be seen as insider trading?"
Posted by: Anomalous Sources   2020-03-21 12:26  

#7  Total outsider, like a gynotastic James Dean.

Kelly Lynn Loeffler served as chief executive officer (CEO) of Bakkt, a subsidiary of commodity and financial service provider Intercontinental Exchange. Loeffler is co-owner of the Atlanta Dream in the Women's National Basketball Association (WNBA).

Husband Jeffrey Sprecher is the founder, chairman, and CEO of Intercontinental Exchange, and chairman of the New York Stock Exchange.

Intercontinental Exchange (ICE) is an American company that owns exchanges for financial and commodity markets, and operates 12 regulated exchanges and marketplaces. This includes ICE futures exchanges in the United States, Canada and Europe, the Liffe futures exchanges in Europe, the New York Stock Exchange, equity options exchanges and OTC energy, credit and equity markets. ICE also owns and operates 6 central clearing houses: ICE Clear U.S., ICE Clear Europe, ICE Clear Singapore, ICE Clear Credit, ICE Clear Netherlands and ICE NGX. ICE has offices in Atlanta, New York, London, Chicago, Bedford, Houston, Winnipeg, Amsterdam, Calgary, Washington, D.C., San Francisco, Tel Aviv and Singapore.
Posted by: Spike Hupush2094   2020-03-21 12:12  

#6  Never met anyone named Kelly, male or female, who I would trust with a key to my house. Never met anyone named Loeffler I'd let park my car.
Posted by: M. Murcek   2020-03-21 12:11  

#5  "That would be the financial advisers that are charged with conducting trades in our portfolios, which we don’t have a say over,"

That are just one phone call away.
Posted by: bbrewer126   2020-03-21 12:05  

#4  But the money, MM?
Posted by: g(r)omgoru   2020-03-21 11:32  

#3  A sane person would choose to remain in that status.
Posted by: M. Murcek   2020-03-21 11:31  

#2  ^Wanna bet?
Posted by: g(r)omgoru   2020-03-21 11:13  

#1  Totally failed damage control.
Posted by: Besoeker   2020-03-21 11:11  

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