Richard Burr's stock sell-off ahead of the coronavirus-induced market crash prompted more digging into financial disclosure documents Thursday night, at least three additional GOP senators and one Democrat were found to have unloaded holdings just before the pandemic sent the US economy into a tailspin. "They dumped stock", Democratic Representative Alexandria Ocasio-Cortez tweeted. Jim Inhofe, a Republican, also reported stock sales in the same time period, but they appear to be far more routine investment moves.
Much like Burr, Loeffler publicly voiced optimism about the strength of the economy and the Trump administration's response to the coronavirus crisis even as she unloaded stock holdings.
Tucker Carlson, a well-known political commentator on Fox News urged the senators to explain the stock sell-off or voluntarily resign from their position.
In an op-ed published by Fox News on February 7, Burr wrote: "Thankfully, the United States today is better prepared than ever before to face emerging public health threats, like the coronavirus, in large part due to the work of the Senate Health Committee, Congress, and the Trump Administration".
"The "#Covid" hashtag referred to Covid-19, the respiratory illness caused by the coronavirus.
Loeffler continued to sell her stocks over the next month, but did make some purchases: She bought as much as $250,000 in Citrix Systems (NASDAQ: CTXS), a company that specializes in providing technology used in telecommuting work. "As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy". He was also one of only three senators to oppose the 2012 Stop Trading on Congressional Knowledge (STOCK) Act, which bars legislators or their staff, as well as other federal officials, from trading based on information that is not public.
Loeffler said: "This is a ridiculous and baseless attack". The senator is married to Jeffrey Sprecher, president and CEO of the Intercontinental Exchange, which owns the New York Stock Exchange. Ocasio-Cortez is a prominent member of the party's progressive wing.
And former Housing and Urban Development Secretary and 2020 presidential candidate Julian Castro tweeted, "Senators Burr and Loeffler should be investigated by authorities and the Senate Ethics Committee".
She then invested in a company that sells telecommuting software, The Daily Beast reports.
The reports on Burr, a respected Republican veteran of the Senate who is retiring in January, added fuel to accusations that Trump and the USA leadership knew of the serious threat but delayed action that could have curbed the spread of infections.
"Hearing from sources close to President Trump that Burr needs to resign."
Both Loeffler and her husband are founders of the institutional-grade digital assets marketplace, Bakkt.
In a statement posted on social media over night, Sen.