Burr problem grows for GOP

[mystery-ak]

Burr problem grows for GOP
By Alexander Bolton - 05/15/20 06:00 AM EDT

Sen. Richard Burr’s (R-N.C.) decision to temporarily step down as chairman of the Intelligence Committee amid an FBI probe into his stock transactions shook Senate Republicans on Thursday.

While Republicans praised Burr for standing down and offered support for a colleague, they acknowledged the FBI’s seizure of Burr’s cell phone created difficult optics for Republicans battling to retain their Senate majority.

One Republican senator who requested anonymity to comment on the political problem created by the FBI raid said the best-case scenario would be for Burr to be exonerated by the Justice Department before the Nov. 3 election.

The Republican acknowledged it looks bad for Senate Republicans as a whole, but added that it would look worse if Burr resigned from office altogether.

more
https://thehill.com/homenews/senate/497891-burr-problem-grows-for-gop

[Smokin Joe]

Actually, why doesn't someone check out DiFi's and San FranNan's portfolio changes, so we can have a decent idea when the Chinese knew this virus was going to be a problem....

[verga]

Actually, why doesn't someone check out DiFi's and San FranNan's portfolio changes, so we can have a decent idea when the Chinese knew this virus was going to be a problem....

Difi is being looked at  https://www.sfchronicle.com/politics/article/Feinstein-denies-wrongdoing-in-stock-sale-before-15145862.php

[Smokin Joe]

Difi is being looked at  https://www.sfchronicle.com/politics/article/Feinstein-denies-wrongdoing-in-stock-sale-before-15145862.php

And I am still back to the question of which stocks? The crash  in oil prices was coming the minute the Russians and Saudis failed to reach an agreement on production caps, and I'd have bailed out of just about any oilfield related stock as soon as that happened (just a few days before COVID-19 became news,in fact so close, that the initial crash in oil prices (Down to the sub $20 level--below cost) and oil related stocks didn't make the news outside the trades before the virus blew it out of the news. That new level was severe enough that overnight drilling programs were scrapped, and completions put on hold. It put me out of work as an oil company which had been talking about adding three rigs cut back instead from 9 rigs to 3 (and now, with the virus factored in and the effect on demand, even fewer.) As I have commented, in the oil industry, it's 1986 all over again.

So, someone really paying attention would have divested their portfolio also of the hospitality and service company stocks which would be adversely impacted by the sharp downward change in oil activity, too.

Without knowing what was traded, there is no way to say there is a there there.