Scanning stories about America’s highest-profile insider trader, I saw that Rolling Stone (along with virtually every other media outlet) had a story about him. Let it be by Taibbi, I thought; let it be Matt Taibbi… No one’s as good on the very highest-level greed as Taibbi, famous for coining the term vampire squid (“[Goldman Sachs] is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”).
So – click – and there he was. Zeyer vunderlekh. I haven’t read the piece yet. Let’s see…
Members of congress trading against a pandemic is as low as it gets.
Yes… that’s why The Onion took notice. Now we get a precis.
[T]he Senate’s Intelligence Committee chief was briefed by intel officials, actively reassured the public, dumped stock, whispered the real dope to rich connected folk, got busted by media, then feebly claimed he made financial decisions watching CNBC, before a seething public bracing for years of agony due to financial collapse. If there’s such a thing as a grand slam of political assholedom, Burr hit it.
LOL. I told you this guy was the best.
The coronavirus trading scandals may finally inspire enough public outrage to provoke change [in congressional insider trading laws] … [But if] not just one but many members of congress feel sufficiently bulletproof that they’re not scared of trading against a pandemic, how will the government ever deal with less obviously grotesque issues?