• Octavio@piefed.social
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    6 days ago

    It is illegal. The insider trading laws should be enforced. Presidential immunity does not apply to stock trading. Hopefully we will at some point get a normal government again and some of the ill-gotten gains can be clawed back.

  • BooBees@fedinsfw.app
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    7 days ago

    “From January 2025 to June 2026, lawmakers reported a collective 22,200 transactions while the president made nearly 28,700.”

  • im_fine_sandy@nord.pub
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    7 days ago

    “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

  • Mulligrubs@lemmy.world
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    5 days ago

    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)

    • NoSpotOfGround@lemmy.world
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      7 days ago

      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.

  • blastosist@lemmy.zip
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    5 days ago

    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 )

      • /home/pineapplelover@lemmy.dbzer0.com
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        6 days ago

        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.

        • horus_son_of_isis@lemmy.world
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          5 days ago

          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.

    • betanumerus@lemmy.ca
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      6 days ago

      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.