More dicey financial transactions by Senator Loeffler were disclosed Tuesday night (Atlanta: gated, price)

[atler8]

The new disclosures make Senator Loeffler's situation look even more untenable then they already were, pending an investigation, if one actually comes to fruition. In addition, her husband Jeff Sprecher is the Intercontinental Exchange (ICE) Chairman. His seat at the head of that business empire could realistically be in serious jeopardy if wrongdoing is judged to have occurred.

Note: In searching through the Georgia & Atlanta forum thread indexes, I've been surprised to not find a thread specific to Senator Loeffler and the previously reported stock trade issue in our forums. In view of the political prominence of the story, I was actually shocked to not find a pre-existing thread.

If one already exists in our local forums, I'd be happy to see this combined in with it.

https://www.businessinsider.com/sen-...navirus-2020-4

[beach43ofus]

This lady needs to go! I'm a former Georgian, and a Conservative, but she's gone way too far on the ethics scale.

GEt ri of her now while you still can. Too many great replacements around to keep a corrupt wife of the CEO of the NY Stock Exchange.

Give her post to Dr. Tom Price.

[seussie]

Yeah.

We'll see if those with power don't tweak their morals to accommodate privileged wealth. And if there's some miracle ejection of her from office, well, I'll have happier words then.

[bu2]

Her argument is that a private money manager makes the decisions.

It looks bad enough it needs to be investigated carefully, but whether there was wrong doing remains to be seen.

I suspect in the end it will be hard to prove either way.

[cwkimbro]

Private money manger..... oh please....

all it takes is a text message or an email with a single character in the right place and.... sell... sell....sell.. or buy....buy....buy...buy

The reality needs to be looked at with the evidence of the situation.

What I'm actually shocked by is the naiveness of the situation from many sides. Someone from this background with a decent amount of asset holdings is going to be noticed in large-shock situations like this. If they can't get past this, they are in the wrong place.

[markjames68]

It doesn’t even take a word from her. A good money manager should have seen a lot of this coming anyway.

As to getting rid of her, that’s what November is for. But before making that decision I need to see who her opponent is.

[GABESTA535]

Her husband is the head of the New York Stock Exchange.

[cwkimbro]

Originally Posted by markjames68

It doesn’t even take a word from her. A good money manager should have seen a lot of this coming anyway.

As to getting rid of her, that’s what November is for. But before making that decision I need to see who her opponent is.

Not quite. That is exactly what the complaints are about. She had access to privileged closed-door information that stated how bad things could get --Before-- the general public and most money managers would know and have seen the severity of what was coming.

This allowed them to offload holdings just before the value went down and just before other good money managers reached that conclusion on their own/

Otherwise her money manager would have been selling in the first-wave of all the other good money managers selling at the same time and would not have done so a few days before the market started going down.

[markjames68]

Originally Posted by cwkimbro

Not quite. That is exactly what the complaints are about. She had access to privileged closed-door information that stated how bad things could get --Before-- the general public and most money managers would know and have seen the severity of what was coming.

This allowed them to offload holdings just before the value went down and just before other good money managers reached that conclusion on their own/

Otherwise her money manager would have been selling in the first-wave of all the other good money managers selling at the same time and would not have done so a few days before the market started going down.

Possibly. If she texted or called her money manager, or there is some proof then she should resign, or be censured and removed. Not just because she’s corrupt (everyone in Congress is) but because she’s stupid.

But allegations and strange coincidences aren’t proof.

[bu2]

Originally Posted by markjames68

Possibly. If she texted or called her money manager, or there is some proof then she should resign, or be censured and removed. Not just because she’s corrupt (everyone in Congress is) but because she’s stupid.

But allegations and strange coincidences aren’t proof.

Well if there is proof she contacted him right after a confidential briefing it is a crime.

But as you say, coincidences aren't proof.