Thursday, August 12, 2021

Insider trading while people die? It's official - Rand Paul is a Republican

The corruption is bad (enough for him to be removed from office, IMO), but the sheer *callousness* of it may actually be worse.


From CBS -

Senator Rand Paul failed to disclose wife's purchase of COVID-19 drug maker's shares

Kentucky Senator Rand Paul waited more than a year to disclose that his wife purchased stock in a company that makes a COVID-19 treatment, an investment made after Congress was briefed on the threat of the virus but before the public was largely aware of its danger.

The Republican filed a mandatory disclosure Wednesday revealing on Feb. 26, 2020 that Kelley Paul purchased somewhere between $1,001 and $15,000 worth of stock in Gilead, which makes the antiviral drug remdesivir. Under a 2012 law called the Stock Act, which was enacted to stop lawmakers from trading on insider information, any such sale should have been reported within 45 days.


Kentucky's daily Covid report is here; don't have access to Paul's P&L statement for this, but I expect that Paul sees and increase in cases and dead people to mean an increase in profits.



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