When Covid-19 materialized as a serious threat, Richard Burr took action. As chair of the Senate intelligence committee, the North Carolina Republican had access to information on the pandemic that was unavailable to the American public. He unloaded hundreds of thousands of dollars’ worth of stocks, including investments in the hospitality industry that was likely to be hard-hit. Burr also contacted his brother-in-law, who made his own stock dump. After the trades were publicized, Burr resigned as chair of the intelligence panel. But he was not charged with a crime.
For the reporter Matt K Lewis, the story is part of an ever-increasing problem: the outsized role of wealth in Washington. The Daily Beast journalist has written a book, Filthy Rich Politicians, that was published in the US this week. The extent of the problem is reflected by Lewis’s subtitle: The Swamp Creatures, Latte Liberals, and Ruling Class Elites Cashing in on America.
