They have an excuse though. The results of highly anticipated bond auction were released 15 mins before the announce which caused the spike in mkts.
Of course the timing was not by accident. Made excellent cover for the scam.
Your individual threshold may vary, but Trump's obsession with groceries being an “old fashioned” and “beautiful” word is reason enough for me to sign off on the 25th amendment.
I'm just so tired of his name. He hasn't been out of a news cycle since 20-fucking-15... I could go the rest of my life without hearing it again and it'd still be too soon.
I was going to ask what the f*ck Congress is doing about this, but silly me - The Republican lawmakers are too busy performing their real job: day trading with tomorrow’s headlines.
I have zero expertise as well and I was telling my boyfriend this was happening weeks ago. Everything is a grift right now. Even detaining migrants. Someone somewhere is making money off holding them as prisoners.
This is the kind of corruption that cracks empires. Who wants to invest in a country where the government can.. and probably will.. just steal your money from the markets?
America's biggest economic advantage is global trust. Lose that, and we're all a lot worse off.
If there are no legal consequences to this kind of market manipulation, then investors will move to other, more stable and policed markets, which will favour countries less dependent on the US, like China and Europe.
-If- this is indeed the case, this is not a victimless crime; it's theft from thousands and thousands of investors, big and small, and millions of those depending on pensions, in America and around the world. Call it expropriation from the middle class. The biggest heist in history.
Greedy immoral grifters making obscene amounts of dirty money. Can you imagine if this had happened during Obama’s presidency? All while the maniac billionaire sacks government workers for no good reason.
I hope so.
I think about Jack Smith going back to work for the international courts & getting them all that way.
My god that would be beautiful.
What a fantasy!
They committed obvious, egregious financial crimes in broad daylight. Idiot Trump even admitted it in front of reporters. I'm sure the revenge when it finally comes will be served very cold, but I for one believe it is coming. Trump will likely skate, but these others are all gonna swing one day.
Is it surprising that a convicted felon is responsible for setting up another felony - - insider trading? If you didn’t see this one coming, then you aren’t paying attention. The Trump Presidency is one big grift.
It means millions of call options and shares were purchased by people who knew the market was about to bounce back up before any announcement on tariffs - it’s insider trading and punishable by prison.
Trump screwed millions of Americans out of billions of dollars, and he was laughing it up with the one he told to buy low and then his fake new about the tariff 90-day delay was not fake news anymore, he did exactly what the FAKE news said he would!
America LAST
Rig CHEAT and CON is ALL Trump does!
Calls are essentially a ‘bet’ you can place- via a contract with another trader where you financially benefit if a stock rises. These traders knew exactly when to purchase these calls.
None of this is good. Worse, felon & the villianaires are manipulating the market to make themselves wealthier at OUR expense. Isn’t that great. I’m sure maga doesn’t mind handing over their retirement portfolios to them, but we have plans for ours. Well, we HAD plans for ours. Back to work I guess.
A Call contract is a right but not an obligation to buy a stock at a certain price called the strike. The trader buys the contract normally it is leverages at 4 to 1 - buyer has $1 dollar for every $4 they borrow. So buying a Call indicates the buyer thinks the stock will go up.
No one and no organisation wants to trade in a bent stock market. Money will flow out of the US market and find other places that aren’t corrupt. The result is a weaker dollar, a more turbulent US stock market and higher borrowing for the US government.
Comments
Of course the timing was not by accident. Made excellent cover for the scam.
He doesn’t like Drumpf & Trump is the name they chose upon immigrating to America in 1885. Seems fitting.
I'm just so tired of his name. He hasn't been out of a news cycle since 20-fucking-15... I could go the rest of my life without hearing it again and it'd still be too soon.
Let it crash
Trump’s 53% ownership stake in the company rose by $415 million on the day."
Tesla also did very very well.
America's biggest economic advantage is global trust. Lose that, and we're all a lot worse off.
maybe they all prayed about it and God told them
#handsoff
I cannot believe we're going to have to fight person by person for our rights while this regime kidnaps Americans by the hundreds...
https://apnews.com/article/supreme-court-maryland-deportation-trump-9f46dd62890befdc321ed1ab56107470
I think about Jack Smith going back to work for the international courts & getting them all that way.
My god that would be beautiful.
What a fantasy!
Coming through with clear concise data about this ...
Insider trading
Market Manipulation
Ain't 'Murikkka 'ceptional?
Nothing
The Republicans made big bank. They loved his 'business deal'.
Trump already has a new screaming con job already working to take our attention away from this one.
We the People get shafted again.
and MAGA laughs at us
White rich people, and particularly Republicans, are not held accountable for financial crimes in the US.
This again means that the interest goes up, the stock marked go down and US is closing in on devaluation of the dollar and possible bankruptcy.
And non want USD Currency.
So much for "Make America Great Again"
America LAST
Rig CHEAT and CON is ALL Trump does!
Bravo!