Members of Congress knew of the upcoming economic downturn before it happened causing many to quickly sell off stock. Which begs the question: Should members of Congress be allowed to own stock? John Iadarola and Brett Erlich break it down on The Damage Report. Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/
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Read more here: https://www.businessinsider.com/aoc-burr-resign-sold-stock-before-markets-fell-coronavirus-2020-3?utm_source=reddit.com
"Rep. Alexandria Ocasio Cortez called for the resignation of Sen. Richard Burr after a ProPublica report revealed the US Senator sold off up to $1.72 million in stocks after reassuring the public of the United States’ preparedness during the coronavirus outbreak.
Burr, who serves as chairman of the Senate Intelligence Committee, sold between $628,000 and $1.72 million of stock before the market fell as a result of mounting fears from the coronavirus pandemic, ProPublica reported.
"As Intel chairman, [Sen. Burr] got private briefings about Coronavirus weeks ago," Cortez tweeted. "Burr knew how bad it would be. He told the truth to his wealthy donors while assuring the public that we were fine."
"THEN he sold off $1.6 million in stock before the fall. He needs to resign," she continued."
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