'It Should Be Illegal': Trump's 1,156 July Stock Trades Involved AI, Big Oil, Weapons-Makers, and More
cross-posted from: https://news.abolish.capital/post/80398
https://www.commondreams.org/news/donald-trump-stock-tradesOpen linkView original on lemmy.ca
47 replies
If he can get away with rape, he can get away with this. America has lost it's spine.
The US never had a spine. The rich were always allowed to do this crap.
Show me ONE point in history where the rich and powerful were held accountable in the US.
At one point we taxed them a lot more...
It's all I've got.
That's really all you need, and all it takes.
Yup. Then they started influencing politics more and more, got those taxes reduced, all the social programs halted, and now what you got is a shitty system that churns out factory workers the rich don’t even need anymore.
Fdr
We could stop handing them over so much money
Not only rape, but child rape.
“From January 2025 to June 2026, lawmakers reported a collective 22,200 transactions while the president made nearly 28,700.”
Emoluments clause in the US Constitution, anyone? Bueller??
I know, right? "Should be?!" I thought it already was.
Yeah that is illegal. The rule of law is meaningless in this country though.
It IS illegal. The law is only the law in so far as it is enforcible.
"Insider Trading" is illegal, just never enforced.
IDK whether what Trump is doing meets the definition of "insider" trading because the law is intended to prevent CEO's and managers trading on the strength of pre-release financial information.
However, like a great many of the behaviors of this administration, no one ever really thought of making it illegal in the past for two reasons. Firstly presidents have always had respect for the office, some less so than others but they were all somehow aware of their duty to fit and proper conduct. Secondly everyone assumed that if a president were to very unashamedly enrich themselves through the office, they would be removed from office.
Narrator: sadly however, the people of America were mistaken
This is approved behavior according to republicans
I don't think there's a vertical line between R and D here... More like a horizontal line between rich and poor. See Nancy Pelosi for example.
Very much this, but we'll hold out hope till the end. Till it's too late. Both R and D know this.
My parents say that he must be doing something right because if he's wrong then why isn't he fined or charged with anything?
I'm sorry your parents are stupid.
I don't blame them too much, they're immigrants who consume the american diaspora propaganda. Usual stuff conflating fascism and corruption as communism and vice versa. Typical China bad rhetoric and Pro-Israel propaganda ofc.
I'll cut them some slack for being immigrants and maybe not being used to our brand of propaganda, but someone is going to have to have a talk with them about questioning sources and discerning fact from opinion.
And they should read "A People's History of the United States." You should too if you haven't. It's literally always been the same, it's just that historically dissemination of information was more difficult and the ruling class was quite a bit smarter.
I'm sorry you have to deal with explaining things to them. It must be hard work.
Just remember, you'll get to choose their nursing home.
Because "AI, Big Oil, and Weapons-Makers" are paying (lobbying) those that can impeach him. It's you and your parents' job to make them all accountable by voting in the mid-terms.
Didn’t a large Twatter account that documented Donnie’s stock trades get cancelled?
They are illegal, but laws are only worth the paper they're written on if you're willing to enforce them.
It should be illegal is his middle name at this point.
It is illegal, always was.
Once again, many comments that didn’t read the article.
US Sen. Elizabeth Warren (D-Mass.), who has previously sounded the alarm over Trump’s “unprecedented” trading, said on Tuesday that “it should be illegal for the president to trade individual stocks—period.”
As it is not, he has to send a 45 day notice that he doesn’t do, which is illegal.
If congress and senate can do it, of course the President can do it.
(and let's remember, they all get the best healthcare on Earth, and never have to pay for anything or do anything, and they only work a few months a year on top of that; the rest of the time they're being wined and dined by lobbyists)
It should be illegal… for Democrats , but this is proof of how extra special smart that Trump is
MAGA logic ( as if they will ever come in contact with this story )
This is as smart as he's ever felt about himself.
Well, you get what you voted for.
Absolutely! The rise of the Joker (Trump) happened because of the moral hypocrisy and critical lack of self-awareness of the Gothinians.
Keep crying out to billionaire Bruce Wayne to save you from the “bad” billionaires. Because we’re entitled to 10 pounds of meat/cheese a week, cheap fossil fuels, cheap Amazon Chinese goods, luxury vacations and açaí bowls.
And when Batman (the centrist liberal, capitalist establishment) fails at changing material conditions and the Joker gets out of Arkham again, bitch about what the lack of accountability and self-awareness results in.
Remember when repubs made President Carter give up his peanut farm?
Pepperidge farm remembers.
“It Should Be Illegal!” ^-^ ^if^ ^enforcing^ ^it^ ^doesn’t^ ^require^ ^any^ ^effort,^ ^accountability^ ^or^ ^inconvenience^ ^on^ ^my^ ^part^
Trump vows to crack down on child sex trafficking, sexual assault, pedophilia and more
Isn't there a way to copy these? Fuck man I just need to pay bills why can't we get a piece of the pie?
Our nation's motto should be "what are you going to do about it?"
1,156? I thought the orange shitstain traded over 3,000 times.
That was Trump's blind trust run by his kids.
The only thing that's blind are Americans who are allowing this to happen.
I'm not blind but that doesn't change anything
You don't know what a blind trust is.
Is it anything like sarcasm?
oh jeez, sorry. Cut me some slack- people who defend donny and his kleptocracy are generally mistaken and confused. Because you used the words "blind trust," I pegged you as a mid-wit libertarian living with mom who couldn't finish college because of "affirmative action and shit," and totally not because they're a lazy porn addict. You know the type.
We're at the point where satire is usually more believable than reality.
I know all that. It's still a fun form of humor I like to use.
To think that it would be ethically OK for your adult children to make trades on your behalf while you are making daily decisions or announcements materially affecting those companies is ridiculous. But it's even more ridiculous to think that Trump isn't calling the shots himself and purposefully and shamelessly making those announcements and decisions to enrich himself.
At least he doesn't even attempt to appear legal or ethical. The open manipulation of the market doesn't leave much room for argument. Did you know you can pay for early access to his trades?