Yet if the average corporate person does insider trading it comes with a prison sentence not pricing.
It’s wild how banana republic level corrupt the US is all of a sudden. Really went from 0 to 100 in months
It’s wild how banana republic level corrupt the US is all of a sudden. Really went from 0 to 100 in months
The few times they disagree they let it stand (like tariffs) and allows the government to collect illegal taxes from the people, and then just shrug at the end with "well guess that was wrong"... and the citizens get nothing back.
(Critical to the whole thing is unfortunately https://en.wikipedia.org/wiki/Prosecution_of_Donald_Trump_in... , where the judge inexplicably decided to waive sentencing for a felony conviction)
Because if this isn't the case, then people will be forced to compete by "slightly" violating the law, everyone a little bit more, until the law is a total joke. This has happened in history.
(edit: not defending this, I find it to be deplorable and disgraces the office of president.)
To me this would be similar to an argument that "one dollar = one vote" is democractic because anyone could hypothetically pay more or just earn more money.
More like it went from 60 to 100. Laws not applying to very wealthy and connected people is definitely not a new development in the USA. But yes, the trend has been accelerating and become very blatant and in-your-face.
It’s wild how utterly predicable this was and yet it was the chosen path.
In order for a democracy to function, you need people that are able to evaluate political promises as bullshit or not. If you believe nonsense from grifters, you get either what you described or the current US admin. Or Brexit.
I'm sure there are more examples of this in history.
> ProPublica analyzed data from 13 states of varying sizes that do publish private school directories and offer public funding to these types of schools, and found that at least 1,500 more are listed today than were five years ago — bringing the total to more than 9,600. The numbers provide a rare look into the growth catalyzed by friendly legislatures and government money, while public school districts are losing students and closing schools.
> When public money is available, most private schools take advantage of that funding. In several states, all or nearly all students at some private schools pay tuition with public dollars.
[1] https://www.propublica.org/article/private-schools-vouchers-...
It was all based on a purposefully designed system of lies. Which can work, until someone proves it's a lie to external parties.
The problem is trying to untangle which are the economic indicators that matter and what the causality is. Despite everything, the stock market is at or near an all time high (mostly due to AI), and that grants Trump a lot of leeway from the money class.
It's also why this matters: https://www.reuters.com/business/energy/oil-stocks-us-strate...
Oil prices going up would probably also be extremely unfavourable for the Trump regime. So simply empty the US SPR onto the market to keep prices down and avoid the Iran war having any impact. Should last for the rest of his term.
been that way since Reagan
That doesn’t matter. That’s fundamentally different than the president selling access to himself.
probably detremental to the market as a whole but not fundamentally illegal -- they're just watching really, really, really closely.
DJT is selling access to stuff that he knows will move the market, and may only be done just to move the market. wholesale graft, and depending on who benefits, possibly treason.
Yes, they say it will be a few milliseconds. This service is squarely targeted at algo trading firms.
crypto means they'll never find the money either
Reply: "Congress or SCOTUS could restrict his powers but they don't want to."
Conclusion: the system is broken.
The weirdness here comes from the president owning a social media company. I think they're playing up how markets move on their posts for obvious reasons. But social media companies likely sell priority access. They're called enterprise licensing deals. Same with news media, like Bloomberg, Dow, Reuters.
This isn't "insider trading" its publicly available information. The idea that the "little guy" is somehow screwed over by this is just silly.
https://www.barrons.com/advisor/articles/insider-trading-fbi...
Remember companies go bankrupt. Slowly then all of the sudden.
We're in a problem that was made by the Bushs, Clintons, Obama & Biden. And Trump. Those who went before them. And of course the voters who put them in power.