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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?

⁨28⁩ ⁨likes⁩

Submitted ⁨⁨3⁩ ⁨weeks⁩ ago⁩ by ⁨Patnou@lemmy.world⁩ to ⁨[deleted]⁩

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  • spankysalmon@fedinsfw.app ⁨3⁩ ⁨weeks⁩ ago

    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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    • Astronut@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

      Absofuckinglootly!

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  • TheFeatureCreature@lemmy.ca ⁨3⁩ ⁨weeks⁩ ago
    1. Sitting US president has complete legal immunity.
    2. The entire elite class in the US is effectively legally immune.
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  • ICastFist@programming.dev ⁨3⁩ ⁨weeks⁩ ago
    1. Supreme Court says president is immune to criminal charges from "official acts"
    2. Commit crimes through “official acts”
    3. ???
    4. PROFIT!
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  • Malica@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

    The social contract is broken and laws are meaningless

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  • SnarkoPolo@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    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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  • stoly@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    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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  • Steve@communick.news ⁨3⁩ ⁨weeks⁩ ago

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

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    • 11111one11111@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

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

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  • gastroglizzy@piefed.social ⁨3⁩ ⁨weeks⁩ ago

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

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  • TheReanuKeeves@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    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 ⁨3⁩ ⁨weeks⁩ ago

    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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