Uh-huh.Sen. Richard Burr (R-N.C.) told his wife to pull the family's cash out of an ATM at the height of last fall's financial crisis — but he advised North Carolinians not to panic when Charlotte-based Wachovia was taken over by Citigroup in an emergency transaction around the same time.
[...]
On Friday, Burr — who faces a tough reelection fight next year — [...] blamed the media "rejuvenating accounts of what I said that are very inaccurate."
He also said he didn't use inside information, gleaned from private briefings, to help his family escape the crisis.
"There was no attempt to use proprietary information," Burr said. "As I've learned over the last 36 hours that this story has been alive, there are a lot of North Carolinians who came up to me and said, 'I did exactly what you did. I went and got some cash.'"
Politico
Thursday, March 19, 2020
Not Burr's first rodeo
April 17, 2009....
Labels:
Burr-Richard,
financial crisis,
insider trading
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