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The insider trading suspicions looming over Trump's presidency

bbc.com

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Re: The insider trading suspicions looming over Trump's presidency

#81

Post by davidw »

idle_zealot wrote: post #62

> Some analysts say it bears the hallmarks of illegal insider trading, whereby bets are made by people based on information that is not available to the general public. > Others say the picture is more complicated and that some traders have become more adept at anticipating the president's interventions. This and the title are journalistic malpractice. This is an article designed to report on obvious insider trading,…

Once you start seeing all the "both sides" and "sanewashing" you can't unsee it. And they lean on both so hard.

Re: The insider trading suspicions looming over Trump's presidency

#82

Post by dlenski »

idle_zealot wrote: post #62

> Some analysts say it bears the hallmarks of illegal insider trading, whereby bets are made by people based on information that is not available to the general public. > Others say the picture is more complicated and that some traders have become more adept at anticipating the president's interventions. This and the title are journalistic malpractice. This is an article designed to report on obvious insider trading,…

Thank you. I was going to simply comment "Suspicions"!?!

… but you've explained it more thoroughly.

Re: The insider trading suspicions looming over Trump's presidency

#84

Post by customguy »

waynecochran wrote: post #51
zhoujing204 wrote: post #47

Earlier quoted context omitted.

This feels like whataboutism. That line of argument isn’t new and is often associated with pro-Kremlin narratives—do you have a more substantive point to add?

Or just simply pointing out the usual blind political hypocrisy ...

Implicit in that is the false dichotomy that everything perceived to be somehow against American political party A can only be of interest for proponents of American political party B.

And even if that framing was accepted: okay, now we "talk about the other side", but then anything said could be countered with something about this side. It's not pointing out anything relevant, it's rather wiggling a laser pointer.

Re: The insider trading suspicions looming over Trump's presidency

#86

Post by phyzix5761 »

amazingamazing wrote: post #6

Given the scope of all government officials it should just be the case that you cannot trade individual equities, stocks or have any outside investments wholesale. Otherwise how could you stop it? It’s not like when you work at big co and you just stop trading their stock. You get access to information that clearly will be material potentially months in advance.

They'll just do something similar to what some engineering managers do in the software industry. They'll tip off their cousin or friend of a friend of some opportunity (like needing to hire 10 engineers for a new initiative) and when they make money by acting on the information they reward the tipper with cars, vacations, homes, etc.

Sometimes managers will only hire through staffing agencies owned by family friends and get indirect kickbacks.

When I first heard about this my initial question was how do they not get caught when the assets are gifted or transferred to the manager's name. Turns out they don't actually transfer the assets to their name but they effectively own it through free usage.

Re: The insider trading suspicions looming over Trump's presidency

#87

Post by [deleted] »

rubyfan wrote: post #11
none2585 wrote: post #3

Why bother reporting this - it's obviously happening and it's obvious that nothing is going to happen about it.

Nothing will happen until the mid terms or 2028. This administration highlights why the pardon provisions of the constitution need amendment.

[deleted]

Re: The insider trading suspicions looming over Trump's presidency

#88

Post by awakeasleep »

idle_zealot wrote: post #62

> Some analysts say it bears the hallmarks of illegal insider trading, whereby bets are made by people based on information that is not available to the general public. > Others say the picture is more complicated and that some traders have become more adept at anticipating the president's interventions. This and the title are journalistic malpractice. This is an article designed to report on obvious insider trading,…

It may be different in the UK. They have defamation laws that seem insane to a USA person. (Burden of proof on the speaker to prove what they said is true iirc)

Re: The insider trading suspicions looming over Trump's presidency

#89

Post by zhoujing204 »

nailer wrote: post #72
zhoujing204 wrote: post #47

Earlier quoted context omitted.

This feels like whataboutism. That line of argument isn’t new and is often associated with pro-Kremlin narratives—do you have a more substantive point to add?

> This feels like whataboutism. I mean Pelosi has a higher rate of success as a stock picker than Warren Buffet. > That line of argument isn’t new Why are points raised previously invalid? > and is often associated with pro-Kremlin narratives I could write "pro-Kremlin narratives are associated with the Russiagate hoax" but that would be childish.

[dead]

Re: The insider trading suspicions looming over Trump's presidency

#90

Post by Terr_ »

waynecochran wrote: post #12

[flagged]

You mean, a person I already don't like and the things we already criticize them for? What about it?

I've seen this pattern many times in the last decade:

* Conservatives: "I don't get it, why aren't they defending their team against my critique? Are they not loyal?

* Liberals: "I don't get it, why won't they acknowledge when Their Team does something bad? Don't they have any principles?"

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