27 July 2021

Republican Ethics

College Football coach turned Senator from Alabama Tommy Tuberville, has just been cited for some SEC violations, the stock and securities kind, not the NCAA Southeastern Football Conference kind.*

Rather ironically, some of the trades in question involve Alibaba Group Holding Limited, the Chinese Ecommerce giant, and Coach Tuberville has been making some extremely aggressive statements about preventing people from investing in Chinese Companies:

Sen. Tommy Tuberville, the junior Republican from Alabama, failed to properly disclose stock and stock-option trades together worth at least $894,000 and as much as $3.56 million, according to an Insider analysis of newly filed Senate records.

Tuberville was weeks or months late in disclosing nearly 130 separate trades made between early January and early May. Federal lawmakers violate the STOCK Act's transparency provision if they don't formally disclose a trade in a certified report within 45 days of a stock trade.

Among Tuberville's trades: a January 25 stock option sale involving Alibaba Group Holding Limited. The Chinese e-commerce company has ties to the Chinese Communist Party, for which it reportedly helped produce a propaganda app.

Tuberville's office previously told Insider the senator had fully divested of a separate Alibaba stock investment in 2020 before becoming a senator early this year. Tuberville is one of Congress' preeminent critics of China's government.

So not a surprise.  College football coaches are a model of lawbreaking and impunity.

So are members of Congress, the article lists Sen. Dianne Feinstein (D-CA),Tom Malinowski (D-NJ); Pat Fallon (R-TX), Dan Crenshaw (R-TX), Blake Moore (R-UT), Sean Patrick Maloney (D-NY), Harley Rouda (D-CA), Richard Burr (R-NC),Kelly Loeffler (R-GA), David Perdue (R-GA), Donna Shalala (D-FL), and Chris Collins (R-NY).

Quite a rogues gallery, huh?

*I'm not the only one to make this SEC joke, so I claim no ownership.

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