4mo ago

Video of Trump Bragging About Enriching His Billionaire Pals Draws Outrage

www.commondreams.org

Video of Trump Bragging About Enriching His Billionaire Pals Draws Outrage | Common Dreams

Nitter link to video: https://nitter.net/MorePerfectUS/status/1910340290260463771#m

The market surge added over $300 billion to the collective wealth of the world's top billionaires in a matter of hours, according to Bloomberg. Shortly before announcing the tariff pause, Trump posted to his social media platform that it is a "great time to buy" stocks, prompting accusations of market manipulation.

A video clip of U.S. President Donald Trump openly boasting about enriching his billionaire friends is drawing outrage as the administration faces growing scrutiny for possible market manipulation and insider trading in the aftermath of his partial tariff pause.

"He made two-and-a-half billion today," Trump said in the Oval Office on Wednesday, just hours after announcing the pause, "and he made $900 million."

"That's not bad," the president added.

20 comments

Yes, but what did he DO for that money?
"Made a few phone calls. Moved money from one place to another. 2 1/2 billion, done."
Elsewhere in Fuckmerica:
"And why exactly do you think you deserve a $70k salary Mr.WithoutMeYourAssemblyDepartmentCollapses? That's an outrageous demand."
- Making money from swings in the stock market is just stealing money from the people who didn’t choose as wisely.
  
  There is nothing "choose wisely" about getting an insider tip from the President.
  
  You might have a point about retail investors vs ‘smart money’ institutions - if you ignore retirement funds.
  That’s who they’re actually stealing from via insider trading. Both individual 401(k)s and state/industry run like the California Public Employees fund are in the stock market. Good luck asking your employer for an old school pension, where your retirement is secured, regardless of market change. YOU now hold that risk.
  The people who don’t have Bloomberg terminals or the myriad of subscription news/insight feeds, are the ones hurt the most by this kind of insider trading.
  
  Sell low buy high is my motto.
  Disclaimer: I am not a financial advisor, I am a ape.
Give me a call when these guys face any real world penalties. The rest of us receive life crippling repercussions for much much less.
- Luigi! Luigi, where are you?!?
Obscene.
There's hardly any better advertisement or even political activism in favor of democratic socialism than whatever this orange caricature of a human is doing.
I think that the billionaires part really just reversed the drop when they were announced.
What we should be outraged by is the message on truth social that it’s a good time to buy. We should look at who bought before the news broke to profit on the way up.
- I think that the billionaires part really just reversed the drop when they were announced.
  Why would you think that? He bragged about them making a shit ton of money while they were in his office. He obviously thought he had something to do with it and wanted them to "pay him back" somehow.
  
  Because he’s an idiot, but I could be mistaken. As I said you should look at how bought right before the news broke.
There's one time he doesn't lie and people get outraged.

20 comments