Well…as more and more information comes out about who has been supporting Russia and it’s banks, there have been a few surprises revealed in the past couple of days. One of them was the Kentucky teacher’s retirement fund that was the second largest investor in Sberbank, one of the banks that has just been sanctioned for supporting Putin and his invasion of Ukraine…initial reports were that the fund lost over 12 million dollars as the shares in the bank fell to junk status…and that would be bad enough to put teacher’s retirements at risk with investments in a bank that has been involved in many shady investments over the years…but just today, representatives from the teacher’s fund said “oh, no….we sold all of the investments the day before Russia invaded”…and that either has to be the smartest fund manager in the world or he was tipped off by the bank or any one of Moscow Mitch McConnell’s Russian contacts…you know, the Russian oligarchs that he pals around with and who he got sanctions removed from for their part in getting the idiot trump elected in 2016…and who said they were going to invest hundreds of millions in an aluminum plant in Kentucky that went pfffft once the sanctions were lifted….this whole thing screams of insider trading on the part of the fund manager that the feds should be looking into right now…and into who recommended investing American money in a corrupt Russian bank in the first place…who got paid off to do it would be my first question…of many, many others…geez…
Tag Archives: insider trading
Lawless republicans…
Well….the swamp keeps getting deeper and deeper with the lawless repubs finding more and more ways to show that they don’t give a damn about the laws of this country. Over the past decade, almost every damn day, there is another instance of repubs thinking that the laws of this country don’t apply to them…only to the little people like you and me. The latest comes from one of trump’s biggest supporters in the House, Chris Collins, a NY rep, was just indicted along with his son and his son’s father in law for insider trading where they used information that Collins got as part of his rep position to short sell an Australian pharma company whose new drug for MS failed in clinical trials…this was done before the information became public and saved them almost 800,000 dollars that they would have lost when the stock tanked. Collins and his family were not the only ones who benefited from this insider trading…there were a half dozen other repub reps that were in on the scheme that haven’t been charged yet…and the sick thing is that the lawbreaking phone call to Collin’s son came from the WH lawn, showing that the repub bleatings about respect for the US and it’s institutions are just BS that they spout to get the rubes to vote for them. Is every damn repub in this government a criminal? It sure looks like it….impeach…