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‘Completely idiotic — the dumbest insider trading crime I’ve ever seen’: CNN analyst examines allegations against Chris Collins

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CNN analyst Paul Callan/Screenshot

The details of the alleged crimes of Rep. Chris Collins (R-NY), a Trump-loving lawmaker from western New York state who stands accused of insider trading, are so “idiotic” that analysts on CNN could hardly believe them.

According to prosecutors, Collins was at the White House when he learned that a drug trial from a firm he invested heavily in had failed, and so he called his son seven times trying to alert him. The son sold his stock the next day.

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“It’s completely idiotic,” said CNN legal analyst Paul Callan. “It’s the dumbest insider trading crime I’ve ever seen.”

Given an unencrypted cell phone was apparently used from the grounds of the White House, the details almost defy believability, said CNN’s Dana Bash.

“If you saw this on House of Cards—so the president is going to be there and have the congressman over for a picnic,” said Bash. “He’s going to get the call from this CEO and call his son. You’d be like, ‘really?’ This would never happen. Nobody would do that.”

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2020 Election

CNN host threatens to end interview after Trump spokesperson smears the New York Times

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CNN host Poppy Harlow lost patience with a White House spokesperson on Monday afternoon after he deflected questions about the New York Times reporting on Donald Trump's taxes by trying to smear the paper and the reporters behind the bombshell report.

After White House Deputy Press Secretary Brian Morgenstern tried to smirk his way through an attack on the report and the journalists who compiled it, Harlow warned him the interview would end immediately if he didn't stick the subject and answer her questions.

"In 2017, Brian, in 2017, according to all of these documents, it appears the president paid more in taxes to Panama, India, and the Philippines than he did to Uncle Sam. How is that America first?" the CNN host pressed.

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2020 Election

‘This is the smoking gun’: Carl Bernstein claims Trump’s taxes expose his ‘grifter presidency’

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Appearing on CNN on Monday morning, Watergate reporter Carl Bernstein called revelations exposed in the New York Times report on Donald Trump's taxes the "smoking gun" that could end his presidency.

Speaking with "New Day" hosts Alisyn Camerota and John Berman, the author and journalist declared the current administration is the "first grifter presidency."

"The two numbers that jump off the page, the $750, that's what the president paid in taxes his first two years in office, but then, Carl, the other number that I think people need to know is $421 million. this is what the president owes," Camerota prompted. "These are the loans that will come due over the next four or five years. So when you see this article, Carl, what's your major takeaway?"

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CNN

Former GOP governor slams Trump over ‘disturbing’ tax revelations — and throws his support behind Biden

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On CNN Monday, former Pennsylvania Republican governor and inaugural Homeland Security Secretary Tom Ridge — one of many Republicans who has come out in endorsement of Joe Biden — reacted with outrage to the bombshell New York Times report that President Donald Trump has paid virtually no taxes and papered over financial losses for years.

"The fact that he has paid $750 annually in income tax is revealing of many, many things," said Ridge. "Most of all, I think, it kind of reveals the lack of transparency, the lack of honesty, and his inability ultimately, I think, to connect with people who scramble, maybe two household incomes, scramble to pay $1,000 or two in taxes, and speaks to not only the lack of transparency but I think historically he's shown a tremendous lack of empathy and appreciation for those people who struggle with limited income. He certainly doesn't live the lifestyle of limited income, although he's paying taxes as if he has limited income, and professes to be different, but he has no empathy and no transparency there. That's probably more disturbing than anything else."

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