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this post was submitted on 12 Apr 2024
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politics
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Maybe if they had insider information or something that led to them making a guaranteed profit. Otherwise, it's just inept speculation.
I think it's less that they have insider information and more that they assume they have enough power to coup the government. Nancy Pelosi is a fucking asshole for her technically not illegal insider trading from watching upcoming government actions. MTG bought this stock and will work hard to subvert democracy to make it valuable - she isn't reading trends she's intending to force them.
It's representative of a departure from a sociable more that's existed since the beginning of the USA: presidents should not have business interests that could in fact or perception impede their ability to conduct themselves in the best interests of the nation. Furthermore they should not have them because they are an avenue for people to buy favour. Maybe I can't just GIVE the president a billion dollars, but if they're a major shareholder on a corporation, I could apply my wealth to add buy pressure which raises the value of the presidents holdings, for which a president may be "very grateful".
Talking about how this has never been accepted is fair. Pointing out the people participating in this is also fair. It IS news.