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

Post by paulryanrogers » Sat, Apr 12, 2025, 12:57 PM UTC

mjd wrote: post #288

tdb7893 wrote: post #39

Earlier quoted context omitted.

Who would be doing the shielding? The current US government has been operating under the assumption of an incredibly expansive executive power, even over "independent" agencies. I'm not a legal expert at all but so far the most useful mental model has been to assume absolutely no one is shielded from executive power (including organizations and people entirely outside the federal government) unless the courts have de…

How would a final court ruling shield someone from executive power? The court relies on the executive to enforce its decisions. They can find a person in contempt, and order fines or jail time until that person complies, but I believe the orders are then enforced by U.S. Marshals, who are executive appointees. This is a serious question. What have I missed?

Post by enraged_camel » Sat, Apr 12, 2025, 1:03 PM UTC

impossiblefork wrote: post #273

StormChaser_5 wrote: post #165

Earlier quoted context omitted.

Not sure that's true. America's military keeps peace for trade to happen in a lot of the world... Not always successfully but it's there. That works because they have the reserve currency and can therefore print money for free. Which benefits the US greatly in all sorts of ways. But everyone else also sees some good. If that goes away its going to have impacts on everyone else as well as America. Maybe not as much of…

I really don't think we do. France and Britain alone used to be able to defend trade routes. I don't think it's a huge expense. It really is good for essentially everyone aside from the US itself, once the disruption is over. Obviously we'll have some kind of crash though, but I think that was inevitable with or without this.

Post by sorokod » Sat, Apr 12, 2025, 1:06 PM UTC

bdangubic wrote: post #285

testing22321 wrote: post #283

Earlier quoted context omitted.

A few years back the US labeled China a “state manipulator” of currency. Surely it will only take a few more rounds of pump and dumping the entire US economy for basically every country to label the US the same, and move away from US bonds and the US dollar as reserve currency. It just won’t be stable enough with all these antics. When it happens I just hope trump won’t use it as justification for war.

didn’t you get the memo, Trump is the President of Peace. people voted for him because of this :)))

Post by dboreham » Sat, Apr 12, 2025, 1:15 PM UTC

sebasv_ wrote: post #8

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.

What would determine whether the SEC will investigate for insider trading? I would expect them to be shielded from executive pressure.

Post by freeone3000 » Sat, Apr 12, 2025, 1:15 PM UTC

paulryanrogers wrote: post #291

mjd wrote: post #288

Earlier quoted context omitted.

How would a final court ruling shield someone from executive power? The court relies on the executive to enforce its decisions. They can find a person in contempt, and order fines or jail time until that person complies, but I believe the orders are then enforced by U.S. Marshals, who are executive appointees. This is a serious question. What have I missed?

If the Marshalls neglect their oath to the Constitution (whether ordered to by superiors or not) then the court can deputize others to carry out court orders. IIUC correctly that's usually the police.