Trump insider trading scandal sparks instant scrutiny - Brian Tyler Cohen

[TexasTowelie]

Transcript:

we now have the makings of what may very
well turn out to be one of the biggest
insider trading scandals in this
country's history And it goes right up
to the White House Let me explain We of
course all saw Donald Trump's
announcement yesterday declaring a
90-day pause on his tariffs that were
sending the global economy into a freef
fall But there was another post that he
published 4 hours earlier wherein he
wrote "This is a great time to buy." And
then he signed it DJT Donald J Trump In
other words if you follow Trump on
social media on truth social you may
very well have gotten a personally
signed heads up from the president of
the United States before his own
decision would impact the very market
that he was hinting that you should buy
into One Twitter user who covers stocks
options and markets and has over 2
million followers pointed out "All right
I think people knew of the tariff pause
and traded it beforehand You can see
before Trump posted buy on two social
traders opens QQQ TQQQ and SPY calls
right before the news Someone opened spy
509 calls expiring today Those calls are
up 2,000% in 1 hour and finished off the
tweet with "Insane someone new." Another
Twitter user noted the same phenomenon
NASDAQ call volume spiked minutes before
the 90-day tariff pause was announced
Not a good look at all And one more SPY
calls spiked by a factor of 10 just 10
minutes before Trump announced he was
pausing tariffs Everything is a scam for
these people Now who exactly these
people are remains to be seen but AOC
weighed in writing "Any member of
Congress who purchased stocks in the
last 48 hours should probably disclose
that now I've been hearing some
interesting chatter on the floor
Disclosure deadline is May 15th We're
about to learn a few things It's time to
ban insider trading in Congress." Adam
Schiff did too writing "Trump is
creating giant market fluctuations with
his on-again off-again tariffs These
constant girrations in policy provide
dangerous opportunities for insider
trading Who in the administration knew
about Trump's latest tariff flip-flop
ahead of time did anyone buy or sell
stocks and profit at the public's
expense i'm writing to the White House
The public has a right to know In fact
Bernie Sanders went on national
television to pose the same exact
question Would I be surprised if there
are what people who hours before knew
exactly what Trump was going to do in
rescending his tariff proposals
understanding the stock market would saw
and you make huge amounts of money Would
I be shocked if we learned about that in
the days to come no I would not Does
that announcement that he gave gave
cover to anybody who did buy stocks well
what it does do look if you know two
hours earlier that the stock market's
going to go what are you going to do
you're going to buy a hell of a lot of
stock You're going to invest in the
stock market Uh but it's not only that I
mean you got a president of the United
States who is now working to give
government cover to crypto uh and who
now whose family is involved in crypto
uh makes money by selling coins uh
crypto coins uh anybody can contribute
which is a direct line to the president
and Chris Murphy prosecuted the case in
devastating fashion here So I have
questions about the tariff announcements
today who benefited and who made money
and this should matter to you too
because this could be an enormous scam
What we know is that about 9:30 today
Trump posts on social media that people
should buy It's a good time to buy And
then 3 hours later guess what he
announces that there's going to be a
90-day suspension of many of the tariffs
Predictably the market which have been
crashing shoots up And anyone who made
investments early today likely made a
lot of money And so the question is who
close to Trump knew that he was going to
suspend the tariffs which of his Mara
Lago friends or his billionaire advisers
were able to capitalize on that inside
information why did Trump send out that
post to his supporters earlier in the
day
the bottom line is that the chaotic
nature of this tariff policy with
Trump's position changing every single
hour gives ample opportunity for any
individual who has early access to
information about the White House's
change in position to make boatloads of
money either by investing at the right
time or pulling their money out of the
market at the right time
This entire White House is one giant
grift Donald Trump and his friends are
in power in order to use their access to
government to make money It stinks and
we should get to the bottom of it Even
Elizabeth Warren weighed in Donald Trump
is trashing our economy First Donald
Trump imposed across the board tariffs
Then just a few hours ago he dropped
those tariffs to 10% on everyone and
move the tariffs up to 125% on China up
from 105% yesterday Now there's
confusion there's chaos No one knows
what the tariffs will be tomorrow or the
next day or next week or next month But
here's what we do know Are prices still
going up yes Are businesses still weary
about investing yes Are millions of
working people still worried about their
jobs and millions of small businesses
still worried about closing shop Yes And
right before Donald Trump declared that
some of his tariffs were off again he
sent out a message to his billionaire
buddies He posted "This is a great time
to buy in all caps." Was that market
manipulation was it corruption in plain
sight we need an independent
investigation into market manipulation
because Americans need to know whether
President Trump or anyone in his
administration manipulated the market to
benefit their donors all while they are
working for the American people And
while small businesses and those working
families are paying a price it's a
disaster But here's the thing
Republicans in Congress have a chance to
stop him right now If they do nothing
they along with Trump are responsible
for the fallout Congress could end this
dangerous trade war right now by passing
my bipartisan resolution with Senator
Ron Weiden to turn off the fake
emergency authority that Donald Trump is
using to impose his worldwide and
chaotic tariffs So I have a simple
question for the Senate Why aren't we
passing this resolution this instant the
White House for its part did respond to
the claims According to a statement from
Trump's spokesman 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 non-stop media
fear-mongering Instead of grasping at
straws to try landing a punch on
President Trump Democrats should focus
on working with the administration to
restore American greatness Notably
according to NBC a Justice Department
spokesperson declined to comment A
securities and Exchange Commission did
not immediately respond to a request for
comment Now look I want to be clear that
as of right now there is no evidence
that a crime has occurred But there's
certainly questions that arise from what
we can all very plainly see And I can
assure you that if you transposed a
Democrat into Trump's shoes having done
the exact same thing there would be a
Republicanled subcommittee formed today
to investigate exactly what happened
exactly who was tipped off exactly who
bought call options and exactly who was
notified what the president would do
before the president did it I understand
that corruption runs rampant in this
administration but that doesn't mean we
let criminality occur with impunity Of
course the sad reality is that in the
Trump era the very regulators who would
be tasked with investigating or
prosecuting this kind of activity simply
won't Trump's DOJ his FBI his SEC are
not there to uphold the law They are
there to protect Donald Trump first and
foremost All of which underscores the
need for Democrats in Congress uh for
independent agencies and yes even
Republicans who maybe have one single
vertebrae left to speak out and demand
accountability If we have any levers at
our disposal now is the time to use them.

[MagaSmash]

1. This is going to result in his THIRD IMPEACHMENT.

[usaf-vet]

2. Don't we already know with some degree of certainty that MTG moved $400,000 to a safe refuge before the market crashed?

Why is that not insider trading? CONGRESS NEEDS TO CLOSE THAT ABILITY for members to access insider trading.