After Sen. Richard Burr of North Carolina dumped more than $1.6 million in stocks in February 2020 a week before the coronavirus market crash, he called his brother-in-law, according to a new Securities and Exchange Commission filing.They talked for 50 seconds.Burr, according to the SEC, had material nonpublic information regarding the incoming economic impact of coronavirus.The very next minute, Burr’s brother-in-law, Gerald Fauth, called his broker.
Fauth has been dodging the subpoenas inquiring about this from the SEC, but has managed to find time to be re-appointed to his government sinecure by Joe Biden. Trump originally appointed him, I would guess as an unrequited favor to Burr.
The Left is crazy, and many Democratic politicians are likewise corrupt (for example look at Pelosi's stunning success in the markets). The problem isn't as simple as swinging party control of Congress or the White House, though. Corruption is systemic: both parties and the bureaucracy have turned government into a wealth-extraction business for themselves. Bigger changes need to be made if this corruption is to be resolved.
2 comments:
God and I will kill them all one way or another.
Not one will be saved.
I don't think killing people will fix it either. The problem really is that the structure lends itself to corruption. The corrupt find it; but even if you removed them, it would draw in others just the same.
It's sort of the opposite of Plato's concept in the Republic and the Laws. I think Weber got at the heart of it: political power has to also be a source of money, because these people do nothing but politics all the time. The bureaucracy's power is also about being paid to administrate, that is, to exercise power.
To fix the problem, we have to separate government and money. That's a hard thing to do, but it's the way.
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