Well lookie here. Another corrupt inside trader Democrat, this time Susan Davis of California (San Diego), dumped thousands of dollars in stock from Alaska Airlines and Royal Caribbean cruise lines right before the stock market crash in early March. How convenient the timing that Susan Davis would dump these stocks just before they cratered because of the COVID coronavirus. Remember though, Davis is a Democrat, so nothing will happen to her. Davis dumped her stocks in early February, just days after the closed door briefing with Dr. Fauci on the Chinese Coronavirus.
| House Democrat Susan Davis also dumped thousands of dollars airline and cruise stocks right before crash |
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It’s illegal for lawmakers and aides to trade stocks based on private information. But they are allowed to buy and sell shares based on public information they absorb on Capitol Hill so long as they disclose those trades within 30 days. That permissive approach to buying and selling stocks — the executive branch has much stricter rules — has drawn criticism from watchdogs who argue the freedom to trade isn’t as important as the need for the public to trust Congress to act only on its behalf.
Davis, the 10-term California Democrat who is a member of the House Armed Services and Education and Labor Committees, unloaded stock on Feb. 11 in the airline and cruise industries, two sectors that have since been ground to a halt by the pandemic nearly two weeks before the market tanked. Davis’ spokesman said she has a “third party handling her portfolio and does not play a role in the purchase or sale of her stocks.”