While ordinary people who hoard essential supplies and try to price-gouge during troubled times are rightly condemned, when it comes to making a quick buck those people are pikers compared to the profiteering of already wealthy politicians.
Republican senator Richard Burr faced demands to resign on Friday after it was reported that he sold off millions of dollars’ worth of stocks just before the market dropped amid fears of the coronavirus pandemic.
…Burr and his wife sold between around $628,000 and $1.7m in more than 30 separate transactions in late January and mid-February, ProPublica and the Center for Responsive Politics reported. Several of the stocks were in companies that own hotels.
…The three other senators known to have sold off substantial holdings just before the market dropped were Kelly Loeffler of Georgia, whose husband is cthe hairman of the New York Stock Exchange (NYSE), Democrat Dianne Feinstein, of California, and Republican Jim Inhofe, of Oklahoma.