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Why is it legal for Trump to short stocks, then bet against them? I mean he gets a shitload of money. But what about the common folk?
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Don_Dickle lemmy.world Patnou@lemmy.world
Joined: 2024-11-30
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26   Original
TheFeatureCreature lemmy.ca TheFeatureCreature@lemmy.ca
Joined: 2025-02-15
#2 · Quote Reply

  1. Sitting US president has complete legal immunity.
  2. The entire elite class in the US is effectively legally immune.
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spankysalmon fedinsfw.app spankysalmon@fedinsfw.app
Joined: 2026-02-28
#3 · Quote Reply

It's not legal. It's just that the people who enforce the law are fascist fucks who like him so they choose not to do their jobs.

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TheReanuKeeves lemmy.world TheReanuKeeves@lemmy.world
Joined: 2025-06-30
#4 · Quote Reply

It's not legal but the people who have the influence to do it usually don't see consequences. Laws are for the poor, not the rich.

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🇨🇦GreenBeard🇨🇦 lemmy.ca GreenBeard@lemmy.ca
Joined: 2025-02-11
#5 · Quote Reply

If you're a jockey in a horse race, and you bet against your horse then throw the race that's called race fixing. Now apply the same reasoning to financial markets where he's making the decisions about who wins and who loses. And for the record, that goes for every politician, governors, congress critters, all of them. Just because it's legal, doesn't make it not ethically criminal.

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gastroglizzy piefed.social gastroglizzy@piefed.social
Joined: 2026-08-26
#6 · Quote Reply

https://en.wikipedia.org/wiki/Self-coup

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Steve communick.news Steve@communick.news
Joined: 2023-08-05
#7 · (edited) Quote Reply

Because the insider trading laws have a specific carve out for elected federal officials. It's crazy, but true.

Just checked. Apparently that was closed in 2012!
The issue now is that enforcement of insider trading laws is highly selective. Nobody important gets charged or even investigated for it.

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SnarkoPolo lemmy.world SnarkoPolo@lemmy.world
Joined: 2025-06-08
#8 · Quote Reply

This is a fascist country. The rulers are above the law. We inferiors must obey anything they say is the law.

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Astronut lemmy.zip Astronut@lemmy.zip
Joined: 2026-04-23
#9 · Quote Reply

It's not legal. It's just that the people who enforce the law are fascist fucks who like him so they choose not to do their jobs.

Absofuckinglootly!

4
I Cast Fist programming.dev ICastFist@programming.dev
Joined: 2023-06-22
#10 · (edited) Quote Reply

  1. Supreme Court says president is immune to criminal charges from "official acts"
  2. Commit crimes through "official acts"
  3. ???
  4. PROFIT!

The common folk? The rich couldn't care less about them

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11111one11111 lemmy.world 11111one11111@lemmy.world
Joined: 2023-11-19
#11 · Quote Reply

Because the insider trading laws have a specific carve out for elected federal officials. It's crazy, but true. Just checked. Apparently that was closed in 2012! The issue now is that enforcement of insider trading laws is highly selective. Nobody important gets charged or even investigated for it.

Yeah Obama stomped that fuckin bullshit out. Now only the spouses of congressmen/women can get rich from insider trading.

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stoly lemmy.world stoly@lemmy.world
Joined: 2024-01-04
#12 · Quote Reply

Because the wealthy run the country and control the legislators who pass the laws. They don't want enforcement, so there is no funding for enforcement even if the laws exist on the books to keep the middle class and poor in check.

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Malica lemmy.zip Malica@lemmy.zip
Joined: 2026-08-27
#13 · Quote Reply

The social contract is broken and laws are meaningless

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