Trump confidant dumped millions in steel-related stock last week - Printable Version +- Cincinnati Bengals Message Board / Forums - Home of Jungle Noise (http://thebengalsboard.com) +-- Forum: Off Topic Forums (http://thebengalsboard.com/Forum-Off-Topic-Forums) +--- Forum: Politics & Religion 2.0 (http://thebengalsboard.com/Forum-Politics-Religion-2-0) +---- Forum: P & R Archive (http://thebengalsboard.com/Forum-P-R-Archive) +---- Thread: Trump confidant dumped millions in steel-related stock last week (/Thread-Trump-confidant-dumped-millions-in-steel-related-stock-last-week) |
Trump confidant dumped millions in steel-related stock last week - GMDino - 03-02-2018 How lucky for him! https://thinkprogress.org/trump-ichan-steel-imports-cf7deb8beaf0/ Quote:Billionaire investor and longtime Trump confidant Carl Icahn dumped $31.3 million of stock in a company heavily dependent on steel last week, just days before Trump announced plans to impose steep tariffs on steel imports. RE: Trump confidant dumped millions in steel-related stock last week - Griever - 03-02-2018 sounds like insider trading to me didnt martha stewart do time for this RE: Trump confidant dumped millions in steel-related stock last week - GMDino - 03-02-2018 (03-02-2018, 03:39 PM)Griever Wrote: sounds like insider trading to me It's only a crime when you get caught! RE: Trump confidant dumped millions in steel-related stock last week - masterpanthera_t - 03-02-2018 (03-02-2018, 03:59 PM)GMDino Wrote: It's only a crime when you get caught! Considering whose confidant we're referring to here, even if caught, I could possibly see a pardon coming, simply in the interest of self preservation. However, that would have to be weighed against the perception that a pardon would create, which might have consequences for the said self-preservation. What I'm openly wondering is, if Trump were to pardon said confidant to keep him from divulging "insider" conversations, (ok, I know pardon comes after conviction, but what I mean is if Trump uses pardon as leverage to keep his confidant from worrying about the consequences of a conviction, or if he attempts to scuttle any potential investigation), how that would affect public perception and also have other legal consequences that may draw Mueller's attention. So in a way Trump's options here might be limited depending on how the balance shakes out. We could have another potential crisis looming here and even if it doesn't have direct legal consequences, could add to the chaos and stress that Trump is dealing with, and I'm not sure how that will ripple into the rest of his governing. RE: Trump confidant dumped millions in steel-related stock last week - Belsnickel - 03-02-2018 Yeah, this is going to be interesting to see play out. I doubt anything will happen as it will be very difficult to prove any prior knowledge. I have to say, I find it funny how the EU is going to slap tariffs on Harleys, bourbon and blue jeans in response. RE: Trump confidant dumped millions in steel-related stock last week - masterpanthera_t - 03-02-2018 I forgot to add, there may be somewhere that "executive privilege" might fit into this in an attempt to scuttle all of this before it even starts. Edit: Others who have a more detailed understanding of civics and know more about the scope of "executive privilege" can correct me if I'm wrong here. I'm looking at you Matt, and Pat. RE: Trump confidant dumped millions in steel-related stock last week - masterpanthera_t - 03-02-2018 (03-02-2018, 05:10 PM)Belsnickel Wrote: Yeah, this is going to be interesting to see play out. I doubt anything will happen as it will be very difficult to prove any prior knowledge. True, proving prior knowledge would be difficult. A counter to any such argument would simply be that of "I sold my stocks based on candidate Trump's campaign promises", it just happened to be a week before the public announcement of the fulfillment of those promises. However, I wonder what any investigative agency's domain would be in terms of getting subpoenas and other data for investigative purposes which might corroborate insider trading, such as texts, phone calls emails etc. RE: Trump confidant dumped millions in steel-related stock last week - Belsnickel - 03-02-2018 (03-02-2018, 05:31 PM)masterpanthera_t Wrote: I forgot to add, there may be somewhere that "executive privilege" might fit into this in an attempt to scuttle all of this before it even starts. You'd really have to look at specific circumstances to get into the privilege argument. Contrary to what the current administration seems to believe, executive privilege is something that can be claimed related to specific information that has been requested by another branch. There must be a valid reason for the privilege to be claimed, which is most often related to national security. It can also be overridden in certain circumstances if it is necessary to carry out justice. Tl;dr: executive privilege would not hold up to judicial scrutiny for something like this. RE: Trump confidant dumped millions in steel-related stock last week - michaelsean - 03-02-2018 (03-02-2018, 03:39 PM)Griever Wrote: sounds like insider trading to me No. For lying. RE: Trump confidant dumped millions in steel-related stock last week - hollodero - 03-05-2018 (03-02-2018, 05:10 PM)Belsnickel Wrote: I have to say, I find it funny how the EU is going to slap tariffs on Harleys, bourbon and blue jeans in response. That's how the EU commission chief put it - Jean-Claude Juncker Wrote:So now we will also impose import tariffs. This is basically a stupid process, the fact that we have to do this. But we have to do it. We will now impose tariffs on motorcycles, Harley Davidson, on blue jeans, Levis, on Bourbon. We can also do stupid. We also have to be this stupid. Harsh. |