• fonix232@fedia.io
      link
      fedilink
      arrow-up
      8
      ·
      16 days ago

      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.

        • fonix232@fedia.io
          link
          fedilink
          arrow-up
          2
          ·
          16 days ago

          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.

  • im_fine_sandy@nord.pub
    link
    fedilink
    English
    arrow-up
    7
    ·
    edit-2
    16 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

  • Octavio@piefed.social
    link
    fedilink
    English
    arrow-up
    6
    ·
    16 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
    link
    fedilink
    English
    arrow-up
    5
    ·
    16 days ago

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

    • NoSpotOfGround@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      16 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.