Alleged Stock-Dumping GOP Senator’s Coronavirus PSA Does Not Go Down Well
Sen. Kelly Loeffler (R-Ga.) — who allegedly sold stocks ahead of the coronavirus crisis after attending closed-door congressional briefings about its looming threat — encouraged people to stay strong in a video released online Wednesday.
Loeffler talked about the “great moments that remind us we’re all humans in this together, working hard to keep each other safe, strong and healthy” in the 36-second clip.
The PSA was not well received, however.
Check out the video here:
Loeffler reportedly sold upwards of $1 million worth of stocks that she held with her husband before markets crashed in response to the pandemic, protecting her from the kinds of losses many Americans have suffered in their retirement savings.
Critics slammed Loeffler for failing to warn the public of the scale of the threats posed by the virus, and reminded her that she initially downplayed the danger. The U.S. is now the epicenter of the pandemic.
Loeffler has defended the transactions, however, tweeting that the investment decisions for her portfolio “are made by multiple third-party advisors without my or my husband’s knowledge or involvement.”
“These were completely discretionary trades at the decision of our investment managers,” Loeffler said during a CNBC interview on Friday. “We had no involvement in them, and in fact, I don’t find out about these trades until these reports are compiled at the end of the reporting period.”
Loeffler’s detractors weren’t buying it:
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