I remember the time a person commented
OK, I guess now we're grifting right out in the open. To be fair it's difficult to prove Trump's intent was insider trading, but he sure likes to incriminate himself LOL.
Less than four hours after his post, Trump announced a 90-day pause on nearly all his tariffs.
www.pbs.org
>>>“THIS IS A GREAT TIME TO BUY!!! DJT,” he wrote on his social media platform Truth Social at 9:37 a.m.
Less than four hours later, Trump
announced a 90-day pause on nearly all his tariffs. Stocks soared on the news, closing up 9.5% by the end of trading. The market, measured by the S&P 500, gained back about $4 trillion, or 70%, of the value it had lost over the previous four trading days.
It was a prescient call by the president. Maybe too prescient.
“He’s loving this, this control over markets, but he better be careful,” said Trump critic and former White House ethics lawyer, Richard Painter, noting that securities law prohibits trading on insider information or helping others do so. “The people who bought when they saw that post made a lot of money.”
The question is, Was Trump already contemplating the tariff pause when he made that post?
Asked about when he arrived at his decision, Trump gave a muddled answer.
“I would say this morning,” he said. “Over the last few days, I’ve been thinking about it.”
He then added, “Fairly early this morning.”
Asked for clarification on the timing in an email to the White House later, a spokesperson didn’t answer directly but defended Trump’s post as part of his job.
“It is the responsibility of the President of the United States to reassure the markets and Americans about their economic security in the face of nonstop media fearmongering,” wrote White House spokesman Kush Desai.<<<
