Senator Loeffler Addresses Stock Sales on Tucker Carlson Tonight
Debunks Allegations on Investment Portfolio
WASHINGTON, D.C. – U.S. Senator Kelly Loeffler (R-Ga.) today joined “Tucker Carlson Tonight” on Fox News to address the false stories and allegations regarding her stock portfolio.
Click here or on the below image to watch.
Highlights:
ON STOCK PORTFOLIO MANAGEMENT: “I decided that I was going to maintain the same posture that I had in the financial services industry, which was to have a third-party person and a set of advisors that were fully charged and able to make these transactions on [their] own so I did not have to be involved in any of the decision-making around these financial transactions. That worked very well in the private sector. It kept us from having to have concerns around insider trading, and that's what I maintained in the Senate. And that has allowed me to be able to work hard for the American people and focus on the things that I came here to Washington to do.”
“The most important thing is that I’m informed only after those trades are made. I have nothing in terms of a say in what buys and sells are executed. What that timing is. And I’m only advised after it happens, almost concurrent with the public reporting that we do here.”
“I trust the professionals that manage our portfolio. I don’t get involved there. I don’t have a say. I don’t want to have a say. I want to focus on my work for Georgians. We should be talking about coronavirus right now.”
ON THE ECONOMY PRE-CORONAVIRUS: “We just had unemployment reports that were strong. In fact, January unemployment, 80,000 additional workers were added to the payroll once February was reported. We have created 600,000 jobs this year. We have very strong numbers, and heading into March, none of us knew where we’d stand on March 20th. We are where we are today. We need to focus turn our focus on the American people. People are hurting. They are wondering about their jobs and what’s happening to their family. Thirty million kids are out of school. Five to seven million waiters, waitresses, line chefs are out of work.”
ON SENATOR RICHARD BURR (R – N.C.): “I’ve been in the Senate 11 weeks. I spent a lot of time in advance getting my own situation set before I came to the Senate. I didn’t advise my colleagues on how they manage their financial situation. I don’t know what his situation is. I can’t speak for him, and I won’t speak for him. I think he’s been very forthcoming in terms of saying that he’s willing to step in front of the Senate Ethics Committee, and I applaud that.”
ON CORONAVIRUS: “It comes down to the timeline. This is a fast-moving situation, and we have to lay it out and say what did we know and when and what did you say and when. None of us believe today what we believed on February 1st. February 1st, we were locked into impeachment, we were heading into the State of the Union, we are having the prayer breakfast. There were a million things going on in Washington. No one was locked down other than President Trump had rightly said that we need to seal off the border from flights coming in from China.”
“I’m a political outsider. I’m here to work to try and solve for coronavirus. I can’t predict where political outcomes may evolve to, but I’m just telling you right now I’m focused on working for the state of Georgia, for American people, and making sure we solve the coronavirus and letting this play out in the proper venue.”