Comment Re:You sold a cure for cancer, but gave us ibuprof (Score 1) 36
You see, I did throw away my broom. I just adapted by running my Roomba multiple times in a row (in loops?)
Faux News isn't "evidence."
No media source is evidence. Perhaps least of all, Fox News. Their trades are the evidence.
Did you think that was clever?
Yawn
You're a fucking moron.
I said clearly that none of it rises to the evidentiary requirement for a criminal prosecution, but enough circumstantial evidence can, in fact, convict. And she's got heaps of it. Well, more accurately- her husband does.
Visa and NVIDIA trades come to recent mind, and there's the fact that they outperform professional investors by up to 50%.
I'll gladly stand with you and say, "We can't call them criminals". Because we can't.
But to say there's no evidence? No, that's flat out fucking political delusion.
You say all that as if it's fact. Unless/until it's decided by a court, it's conjecture.
Eyeroll. We don't know that eating chicken on Sunday is illegal until someone takes it to court and loses.
Give me a fucking break. Does that kind of logic strike you as insightful?
There is enough going on to easily make a case, it'll just be a matter of if they do and who wins.
This is an assertion we can work with, but it's wrong.
That said, specifically in reference to insider trading, it doesn't fit the traditional definition.
More accurately, it fits the definition of what the courts have found not to be insider trading for as long as SEC rule 10b-5 has been in existence.
Trump has no fiduciary responsibility to any consumer of that information, or to the organizations he has the power to move.
While it's true that this is uncharted territory- it's uncharted in the same way that Congresscritters trading on insider information was. It required an act to make it illegal, because there's no fiduciary responsibility. That information didn't come from the inside- it came from the most outside place possible.
You're right, this is not insider trading. Insider trading is legal. Employees at publically-traded companies, including those in the C-suite, perform insider trades frequently.
If we're being technical, insider trading doesn't exist.
There is securities fraud, and the SEC regulations and jurisprudence that amount to what we loosely call insider trading.
Securities fraud, of course, is illegal.
What is not legal is trading on insider information.
Correct.
Insider information is information known before the general public knows it.
Incorrect.
So very close to correct- but still incorrect.
Insider information is not information that the public doesn't know- if that were illegal.... lol.
Insider information is secret non-public information.
Knowing something before someone else and trading on it is not illegal.
Knowing something you weren't supposed to know because it wasn't supposed to be public and trading on it is securities fraud.
It does not matter if the time-interval between private and public knowledge of the information is only milliseconds. The point is that the recipients of this information have enough time to act on it before everyone else can. And that makes it trading on insider information. And that makes it illegal.
The time interval is a red herring. You are wrong without regard to it.
This is different.
It is.
It's advance insider access to announcements that cause real changes.
Stop using the word insider. It's a weasel word. There's nothing insider about this.
It's a markedly different form of ick.
Imagine someone finds out that the SEC is going to ban the trading of cryptocurrencies.
Imagine he tells the world.
Everyone who trades on that is guilty of insider trading.... for having traded on public information about entities that did not have that information in confidence?
No, this is someone monetizing their market moving power. It's fucking vile, but there's nothing "insider" about it.
He also stirred up racial tension by declaring a fucked up kid who was addicted to Lean and got into fights constantly could have "been my son."
Know how I know you're a racist piece of shit?
Fuck that guy, and Trump and Biden and Clinton and W and HW and all the rest. They're all pedophiles. Most have ridden on the Jet or been to Zoro ranch or had Epstein in their homes. They're all evil as fuck.
This is at least true- but mostly because Obama was a fucking hawk who enjoyed murdering the fuck out of people overseas.
Your racist horse shit notwithstanding.
"I've seen it. It's rubbish." -- Marvin the Paranoid Android