Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

$70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

data-and-politics.ghost.io

Post reply on HN
Print view View original

71–80 of 480 posts

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#71

Post by drekipus »

consumer451 wrote: post #35
mullingitover wrote: post #26

Earlier quoted context omitted.

No economic system is functional without a bunch of compromises, and capitalism needs strong regulations as a check to keep it from turning absolutely rotten. We're witnessing the removal of all of the guardrails, traffic signals, road maintenance crews. The highway patrols have been replaced by organized teams of highwaymen. It'll get a lot worse before it gets better.

I recently read someone's comment here stating that "trust is efficient." What we are witnessing is the devolution of the USA from a high-trust to low-trust business environment. "Low-trust business environment" is the euphemism we have used to describe other countries, where corruption is rampant. This is so sad to watch.

Roots of which started way back earlier than 2001 even..

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#72

Post by adolph »

readthenotes1 wrote: post #50
richardw wrote: post #20

Earlier quoted context omitted.

You keep the receipts for about 4 years and you speak up one minute after the government changes. You get it done long before the following election.

Assuming the President doesn't pardon you for all crimes committed from 2008 until 2030...

Could a president pardon everyone for all time?

Or maybe just all future times: the Court has indicated that the power may be exercised at any time after [an offense’s] commission,8 reflecting that the President may not preemptively immunize future criminal conduct.

https://constitution.congress.gov/browse/essay/artII-S2-C1-3...

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#73

Post by dtquad »

jwilber wrote: post #54
hdevalence wrote: post #3

> We don’t know who placed the trades. We don’t know what they knew. Actually, “we”, collectively, do know, because the SEC maintains an “XKEYSCORE for equities” called CAT. If there was interest, the government could know exactly who placed these trades. But the call (options) are coming from inside the house.

Maybe it's a friend of Trump. Maybe it's a friend of Pelosi. Might even be a member of Congress! "Rules for thee not for me."

How would a "friend of Pelosi" know when Trump would post his "THIS IS A GREAT TIME TO BUY!!!" and "90 days pause" posts?

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#76

Post by aetherspawn »

hello_computer wrote: post #69
aetherspawn wrote: post #11

The stock market needs to just be deleted. It’s the insider trading scam machine of the rich class. The whole goal of the stock market is to come up with information that people don’t generally have (insider trading) either from research, or secret info, so you can dupe everyone else’s money.

The brilliant thing is that they have woven it deep into the retirement ponzi-schemes, so nothing short of a cataclysm will unwind it. There is also the Machiavellian consideration of external threats. We need these corporations to make the tools of Ahriman. Without them, another country's corporations will make them first, and use them to subjugate us. People who believe in God ( not just the Abrahamic one, but any…

Sorry I don’t really understand the part about the tools of Ahriman, would you mind to explain?

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#79

Post by LeafItAlone »

miohtama wrote: post #68
LeafItAlone wrote: post #58

Earlier quoted context omitted.

By Nancy Pelosi, you actually mean her husband. And if you look at the trades, you’ll learn the biggest secret on Wall Street: make long term bets on tech and you’ll get richer. Don’t tell anyone I told you.

Family members are often indicated in insider information tradesm they are still trading on insider information when if they are not part of the decision making process themselves. Both leaker and utiliser are responsible. In the case of Pelosi, she became so famous about this that there are various Nancy Pelosi stock trackers now.

Let’s be real: Pelosi became famous for it because right-leaning groups were looking for yet another thing to put on her and then it was picked up by WSB and became a meme.

Pelosi’s rate of return isn’t the highest (in 2024, it was 10th, less than half the highest). If you analyze their trades, very few are suspect of timing. They just make a bunch of long term bets on tech.

https://www.fool.com/research/congressional-stock-trading-wh...

Post reply on HN