Kentucky Sen. Paul failed to disclose wife's stock trade

submitted by [deleted] from (apnews.com)

sorted by:
top
newinsightfulfun
you are viewing a single comment's thread.

view the rest of the comments →

[–]Drewski 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (2 children)

In a statement, a Paul spokeswoman Kelsey Cooper said Kelley Paul used her own earnings to make the investment, which she lost money on. She said the failure by the senator, who is an eye surgeon, to disclose the trade was an oversight.

“Last year Dr. Paul completed the reporting form for an investment made by his wife using her own earnings, an investment which she has lost money on,” Cooper said. “In the process of preparing to file his annual financial disclosure for last year, he learned that the form was not transmitted and promptly alerted the filing office and requested their guidance. In accordance with that guidance he filed both reports yesterday.”

Yet the $1,001 to $15,000 invested by his wife is also miniscule compared to some other lawmakers, who have bought or sold hundreds of thousands — if not millions — of dollars worth of stock during the pandemic. (Congressional financial disclosures give dollar ranges for the value of assets, not specific dollar figures.)

Nothingburger

[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (1 child)

Thanks - though it would seem an explanation is required:

1) Gilead stock traded for about $75 a share on the day Kelley Paul made her purchase. It rose to about $84 a share in April 2020, before dropping. Shares now trade at about $70 apiece.

2) She bought stock in the anti-viral drug remdesivir at the start of the pandemic, while her husband pushed disinformation that the virus was a hoax, masks were not necessary &c

3) Insider traders knew very well what would happen with COVID19, and thus invested in Big Pharma, as she had done

4) At the start of the pandemic, a primary drug considered to the treatment of COVID19 was remdesivir

5) What could a politician do to protect his investment in this drug? Perhaps prolong the pandemic by making people believe that they don't have to wear masks? Get people to reject the vaccine?

6) Saiditors should see that R. Paul and others are not working for the 99%, and that instead they are much more interested in protecting their investments and getting money from corporations, and then hiding that money off-shore. This is how politicians get rich on the 99%.

7) The secret - for 16 months - investment in remdesivir had to remain a secret or ot would have exposed R. Paul's approaches to protect his investments at the expense of the 99%, while telling them not to wear masks or trust the vaccine (so that some of them suffer from COVID19, continue not to take the vaccine, and thus need remdesivir). (Eg. only 37% of people in Louisiana are vaccinated - so one might wander what those politicians invest in. I am not sure how many in Kentucky are vaccinated. "Christian" churches are helping spread the disinformation.

8) This hidden remdesivir investment is merely a drop in the ocean of other major investments making politicians and the 1% rich, at the expense of the 99%.

9) Insider investing was previously not allowed for congresspeople.

10) R. Paul and other congress people - especially those Republicans who say that the virus is fake, vaccines don't work, and masks don't help - are fucking over the 99%, while Saiditors sing their praises. Why is this? (footnote: it's also a question for /u/d3rr &c)

[–]bjam27 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (0 children)

Retarded.

$14,000 worth when it was all publicly known for weeks and lost money on the investment.

MEABWHILE PELOSI IS BUYING MILLIONS IN WEEKLY OPTIONS ON TECH CO'S THE DAY BEFORE GOVT CONTRACTS ARE RELEASED. PROFITING $5.3 MILLION IN A FUCKING WEEK.