Truth Social To Sell Wall Street Firms the 'Fastest' Access To Trump's Post (nbcnews.com) 190
An anonymous reader quotes a report from NBC News: Trump Media & Technology Group has unveiled a paid-for, licensed data feed that will give banks and trading firms "the fastest" access to posts from influential Truth Social accounts, such as President Donald Trump's, whose posts often move global markets. The product, called 'Truth API,' will deliver posts from the 10 most influential accounts to customers at a significantly faster pace than a regular push notification on the Truth Social platform, a spokesperson said. The feed is designed for organizations "most impacted by the cost of a delay in information," such as algorithmic trading firms, the company said in a statement. "Until now... firms that prioritize tracking influential Truth posts have relied on manual monitoring. Truth API closes the gap." "Markets already move on Truth Social posts ... As adoption grows, we expect Truth API to become a meaningful, ongoing source of revenue for the company," TMTG's interim CEO Kevin McGurn said.
Can I pay him not to post? (Score:5, Interesting)
Because that I would do.
Isn't there a rule about the government not delaying economic impacting information to the general public?
That is, isn't this illegal? Or is it just that no other presidency thought of doing this particular cash grab?
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Because that I would do.
Isn't there a rule about the government not delaying economic impacting information to the general public?
That is, isn't this illegal? Or is it just that no other presidency thought of doing this particular cash grab?
I mean republicans would have been cool if Obama did this, right?
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They've already deluded themselves into thinking Obama already did all this and more.
Therefore it's perfectly fine for trump to do it too.
You didn't complain when Obama did the same thing, so you can't complain now.
See how easy it is for them?
Re:Can I pay him not to post? (Score:4, Informative)
Re:Can I pay him not to post? (Score:5, Insightful)
What Putin-Owned Bitch Trump is doing is 100% corrupt insider trading. There isn't even a QUESTION that this should be illegal, it's the TEXTBOOK DEFINITION of insider trading, giving people "advance information" on market-shifting events so that they can make sell or buy orders accordingly.
All ReTARDicans are dumbfucking shiteating Inbred Treason Trash Traitors to the USA, all GOP ReTARDicans are Disgusting Fucking Criminals.
Re: Can I pay him not to post? (Score:3)
It's not productive to use "retard" as an insult.
I propose using "rapeublican" instead.
Re:Can I pay him not to post? (Score:5, Insightful)
That is, isn't this illegal? Or is it just that no other presidency thought of doing this particular cash grab?
Before Trump, it was a cultural norm that a President of the United States was expected to follow ethical and moral guidelines as well as laws; not only because anything less would be dishonorable and a disservice to his country, but also because otherwise he would pay a steep political price for his unethical behavior. Trump's most significant political innovation has taken the form of figuring out how to convince a plurality of the American public that the only real standard for Presidential behavior is "whatever you can get away with".
Re:Can I pay him not to post? (Score:5, Insightful)
Before Trump, it was a cultural norm that a President of the United States was expected to follow ethical and moral guidelines as well as laws; not only because anything less would be dishonorable and a disservice to his country, but also because otherwise he would pay a steep political price for his unethical behavior. Trump's most significant political innovation has taken the form of figuring out how to convince a plurality of the American public that the only real standard for Presidential behavior is "whatever you can get away with".
The Constitution and the proper functioning of our government assume people of good moral and ethical character who will at least try to abide by the spirit, not just the letter, of the law and do what's best for the country -- you know that whole "oath" thing. No administration is perfect, but we really don't have that with this Administration, who actively tries to get away with whatever they can in furtherance of their self interests and agendas, even if it's not what the people want or is in the best interest of the country.
Re:Can I pay him not to post? (Score:5, Insightful)
Politicians have been no strangers to sticking to the letter of the law against the spirit of the law, this administration blatantly blows past the letter of the law, and the other branches are enabling them. Yes there are certain unwritten presidential norms that were honored that this administration also blows past as well, but bending the spirit of the law is a comparatively lesser problem.
The founding framework expected that everyone would distrust everyone else and take any leverage they could to prevent adversaries from having too much power, this seems to be the assumption that is falling apart as everyone happily sees corruption and feeds the administration pass after pass.
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The Constitution and the proper functioning of our government assume people of good moral and ethical character who will at least try to abide by the spirit, not just the letter, of the law and do what's best for the country
Which is exactly why no one should ever trust a promise from the USA again. Until we get our legal documents into some semblance of order, it must be assumed that this will all happen repeatedly.
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There's a problem there. Centralized power means a single entity is in control of that power. I don't think there's any way around that. If that single entity has an agenda, it will use that power to further the agenda. The only solution I can see is decentralization of power. That was what the tripartite government was supposed to achieve. It worked pretty well until the executive branch became too powerful. It's worked increasingly less well since FDR. But things are so complicated that the legisl
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Well, yes. For many years, presidential candidates, both Democratic and Republican, referred to the United States as "the indispensible nation". And my reaction was always, "Doesn't that mean the US is a single point of failure for civilization?"
We are currently performing an experiment which addresses this question: can the US enjoy the benefits of soft power without the cost? That's the whole point of obeying *norms*. No individual force is going to punish you if you are treacherous, mercurial, foul-
Re: Can I pay him not to post? (Score:2)
Re: Can I pay him not to post? (Score:3)
Re:Can I pay him not to post? (Score:5, Insightful)
Re: Can I pay him not to post? (Score:4, Insightful)
Re:New normals (Score:5, Insightful)
Yeah, it was definitely Clinton lying about a relationship that set a precedent that allowed the current administration to undertake daily corruption and turn the government into a sort of mafia state. In the past, when presidents said things like, "I am not a crook!", they were totally telling the truth.
I mean, it was extremely consequential, Clinton's lie. It changed everything and many people suffered because of it. He might as well have lied about another country having weapons of mass destruction so he could start a war that would cost thousands of lives and then use that war to enrich his corporate buddies and donors.
Yeah, that Clinton. Real son of a bitch. All our current problems are rooted in him lying about a relationship.
Re: New normals (Score:2)
Clinton started it? Hardly. Look at Iran-contra, and of course Nixon.
Every President, and most senators and representatives have seen their net worth grow exorbitantly over their terms.
Trump is a gift in the sense that he is honest and open about it, and exposes the corruption not just of elite rulers, but also regular Americans.
Yes Iâ(TM)m a both sides-er, Dema are marginally better on a few issues, but theyâ(TM)re in the game hard. The DNC is awful.
Re: New normals (Score:4, Insightful)
Nixon and Reagan were LITERALLY shit-eating Treason Fucking Traitors to the USA.
Nixon went behind Johnson's back to end peace negotiations in Vietnam, getting tens of thousands of our troops killed so he could win an election, including my uncle. He should have been put in front of a firing squad and shot dead for the TREASON he committed.
Reagan did worse, going behind Carter's back, telling the Iranians to keep holding CIVILIAN HOSTAGES in exchange for a weapons deal. Reagan was a shit-eating Klan Fucking White Supremacist Bitch Traitor to the USA.
No member of the GOP can ever be trusted. They are ALL America-hating Treasonous White-Supremacist Scumass Bitch CRIMINAL TRASH.
Re:New normals (Score:5, Insightful)
It didn't fucking matter because that case had nothing to do with the presidency.
Gingrich and crew make a political calculation. They overreached and went after impeachment and removal over something that could have been handled with disbarment. Which is effectively what happened, eventually.
Contrast that with Trump's two impeachments where his crimes were directly related to his role as president.
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It didn't fucking matter because that case had nothing to do with the presidency.
I've always contended had he simply said "Yea, I got a blowjob in the Oval Office. You would have too if yo had the chance..." the whole thing would have blown over and never come up again. Nixon probably could have survived if he hadn't tried to cover up Watergate, served out his term and pardon the whole crew.
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It didn't fucking matter because that case had nothing to do with the presidency.
Gingrich and crew make a political calculation. They overreached and went after impeachment and removal over something that could have been handled with disbarment.
They made a political calculation to ask under oath about an affair that was nobody's business, hoping to catch him in a lie. I believe the word here is "entrapment". So the GP is right about when it started; he/she just incorrectly understood which party started it.
It was always the Republicans.
Nixon tried to start it back in the 1970s. He just found out the hard way that there were still too many Republicans with morals and ethics remaining in the party. So they spent the next four decades driving the
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- In order for perjury to be a felony, or even a crime, it has to be 'material'. This was not.
- As is fucking obvious, 'occurred while in office' and 'related to the office' are not the same thing.
- The constitutional bar is 'High Crimes and Misdemeanors'. This wasn't even close to reaching that level.
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In terms of foreign policy, when the former Soviet Union needed help, he gave them the middle finger. Multiple times [latimes.com]. This directly led to Putin (and Bush made Putin many times worse). His China policy turned out to be awful. Giving "most favored nation" status to dictators without extracting human-rights concessions is the wron
Re: New normals (Score:5, Interesting)
He got a blow job, got impeached, and was still a great president. Bill Clinton is both a better human being and a better president than Trump will ever be. That's a low bar and he easily steps over it, no argument.
There is just no excuse for being as shitty a human being, in absolute terms, as Trump is. None. Lots of people would make bad presidents because it's a tough job, but for electing a known shitty human being, Trump voters have no one to blame but themselves and should feel ashamed. No, Bill Clinton is not an excuse.
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He got a blow job, got impeached, and was still a great president. Bill Clinton is both a better human being and a better president than Trump will ever be. That's a low bar and he easily steps over it, no argument.
Sure, as long as we can all also admit that Clinton was a rapey piece of shit who did multiple absolutely fucking terrible things, like signing the CDA and PRWORA. Also, "got a blow job" is a gross misrepresentation. "Coerced an intern into a sexual act" is a better one.
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Sure, as long as we can all also admit that Clinton was a rapey piece of shit who did multiple absolutely fucking terrible things, like signing the CDA and PRWORA
So, you agree that presidents should be held accountable for their conduct when in office? What steps are you taking to encourage the current administration be held to account for their corruption?
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I voted. Should I go protest every day? Seems to be REALLY helping. Maybe I should become a local terrorist. Maybe that would help, right?
Give me a break. What more do you want? The 99% of us have no individual power and we're also easily divided and pitted against each other. We also can't afford to drop all our responsibilities to go protest or otherwise make it our life's mission to fix the unfixable.
Feel free to quit your job and work on that though.
Re: New normals (Score:2)
Lol looks like some maggot came asking and looked at it instead
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So you're saying he was impeached for one infraction? Compare that to today just to see how fucking stupid the comparison is.
I'm reminded a time that Obama swatted a fly during an interview and the greens got upset. That's sort of the comparison you're making here.
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and wasn't the worst.
No kidding, I think that's the point everyone is trying to make here.
Re: New normals (Score:5, Funny)
He lied about a consensual sexual relationship between two adults.
Not quite Epstein kiddy diddler level.
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Well yeah, he was also connected to Epstein. Even if he didn't partake in the under-aged, he would have to be deaf, dumb, and blind not to see what was going on. Elites don't live in the same world the rest of us do though. Hence, Clinton turned a blind eye. Same as Bill Gates and countless other individuals. It's part of that power corrupts concept.
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He was her boss. That makes for a quid pro quo scenario. #METOO would have field day except now, 30 years later, we have Trump. He'll very likely go down in history as the world president ever.
You can't really call it a consensual affair since he had power over her. He could of ruined her life if she didn't service the boss. Now, I'm not saying she wasn't into it but the power dynamics make it wrong.
Still, compared to Trump, Clinton looks like a saint.
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This is the problem with setting new normals, the other side will go there too. Its never a one time event.
If you are angry about the lack of accountability for Clinton's misdeeds, how much more angry are you about the lack of accountability for Trump's - and the Trump administration's - ongoing grifting, dishonesty, corruption, and un-Constitutional activities? And what steps are you taking to see that the current administration will be held accountable?
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Oh, they never went that far down the train of thought. They were reaching for bad-faith whataboutism; an argumentative habit that completely disregards every other dimension of comparison besides the simple "hurr your guy did this, so therefore all my guys can do far worse, way more times! Derp!" logic that 7 year olds try on playgrounds after a shoving match.
It's patently stupid. It makes the person who employs the tactic look pathetically stupid when you recognize it for what it is.
Two wrongs do not m
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It was when TreasonBitch Nixon betrayed our country going behind the POTUS's back to torpedo peace negotiations and caused tens of thousands of our troops to die in an ongoing, unnecessary war.
It was when Crossburning Treason Trash Shitbag Reagan went behind the POTUS's back to make his Devil's Deal with Iran to keep the hostages in return for a weapons payout later. And when Shitass TreasonCunt Reagan tried to give Nixon's hatchetman a seat on the Supreme Court and helped Oliver North stay out of jail fo
Re:Can I pay him not to post? (Score:5, Informative)
It is completely illegal. Here's how:
The Domestic Emoluments Clause (a.k.a. the Presidential Emoluments Clause) (art. II, 1, cl. 7):
“The President shall, at stated Times, receive for his Services, a Compensation which shall neither be encreased nor diminished during the Period for which he shall have been elected, and he shall not receive within that Period any other Emolument from the United States, or any of them.”
That's written in the basic US law, which TRUMPs any other laws.
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It is completely illegal. Here's how:
The Domestic Emoluments Clause (a.k.a. the Presidential Emoluments Clause) (art. II, 1, cl. 7): “The President shall, at stated Times, receive for his Services, a Compensation which shall neither be encreased nor diminished during the Period for which he shall have been elected, and he shall not receive within that Period any other Emolument from the United States, or any of them.”
That's written in the basic US law, which TRUMPs any other laws.
It should be, but the Emoluments Clause has never been enforced and "Emoluments" isn't even clearly defined, legally speaking. It's pretty much a dead letter.
The only practical backstop here is impeachment and conviction, but the Republicans in Congress aren't going to allow that, not until and unless their voters begin to care.
The AC who replied is technically wrong: The immunity ruling only applies to official acts, and Trump's participation in TMG is not official. However, Trump would probably cla
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But it doesn't matter. The SCOTUS have already ruled. Can't touch this.
Presidents are immune now.
That's still to be tested. The SCOTUS ruling was that:
1. Presidents are absolutely immune for core acts;
2. They are presumptively immune for official acts; and
3. It's an open question for everything else.
So, it comes down to the courts determining whether any specific act of the President that seems prosecutable is core, official, or none of the above. Here's my guess on what that means. If it's core, then the case is dismissed. If it's official, then the President is presumed immune and there's a high(er)
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Illegal? Can you honestly believe that administration even knows what is legal or illegal? Or that they care? And besides, even if it were illegal, who would prosecute them? The Justice Department?
This is the same Justice Department not prosecuting the Epstein League of Misanthropes. It used to be that judges would assume "regularity" from the JD. That term in this context means the judges would assume the JD was acting in good faith and could be relied upon not to lie. Regularity is no longer assumed by ju
Re: Can I pay him not to post? (Score:2)
Yes. But he will keep posting anyway, as soon as the money jas been withdrawn.
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This was my first thought as well. How can official presidential statements that have real world consequences be gated behind a non-government private service. If it's not illegal, it's definitely the opposite of transparency.
Sadly, it is about what we should all expect from this administration. I can't wait to see how bad the backlash is in November and then in 2028.
Re:Is this like the algo trading stuff? Or an API? (Score:5, Insightful)
That is a horrible answer and I suspect you don't know any more about the law than anyone else here.
The only correct answer to the question is this: "If it isn't illegal, it should be."
Same answer for selling pardons, for spending half the president's time at his own golf resort so he can charge the government to house the secret service there, for accepting lavish gifts from governments and corporations, for trading stocks based on government deals, for making government deals contingent upon business deals with the family, for loaning Pentagon money to the family, for placing spurious tariffs on businesses, for abducting people who have committed no crime and deporting them with no due process, for exporting people to dangerous foreign prisons, for starting wars without Congressional approval, for. . .Jesus fucking Christ do I need to continue?
HOW FUCKING STUPID ARE YOU TO CONTINUE DEFENDING THIS MAN?
Your whole "derp ber derp, It depends blah blah blah" is just an obvious stupid troll way of continuing to defend this moron who you have been defending on this forum for years. You are not being nuanced, you are not being clever. You fell for a wannabe despot and that was an extremely stupid thing for you to do. Continuing to defend him just makes you it obvious how much of an idiot you really are. What level of corruption is necessary for you to admit that you made a mistake?
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But of course then you'd also have to abide by it, and think of what that'd do to NANC valuation!
Do you genuinely think "my side" supports insider trading? (When I say "my side" I mean the constituency, not the representation.) I'll turn your "argument" right back at you: Maybe you repubs should have made [a law preventing insider trading] when you were in power. But then of course you
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I think we talk about "sides" we are pretty much always referring to the party and not the individual voters/slashdot poster. If you vote for a party, you supported that party.
So essentially, all of us that voted for R or D indirectly do support insider trading since they all seem to do it and we all seem to keep voting the same corrupt people into office, term after term.
I would say we need better candidates, but the good wholesome people that would care enough to do a good job are not attracted to the job
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I think there was, but at the time Nancy Pelosi was the head of the House of Representatives and had no interest in bringing that bill up for a vote. Gee, I couldn't imagine why.
what about trump TV for $9.99/mo (Score:2)
what about trump TV for $9.99/mo
Re:what about trump TV for $9.99/mo (Score:4, Funny)
$0.05 per reply to his truth social posts (Score:2)
Someone sell the Whitehouse- (Score:5, Informative)
Re:Someone sell the Whitehouse- (Score:5, Informative)
I do believe he sold it and the whole government on day 1
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What do you think happened to the East Wing? He sold the lawn as well (his birthday bash ruined it, of course, a no-bid got the contract to re-sod it).
At this point the only r
Woo-hoo! (Score:5, Funny)
For a small fee you can get your bullshit before everyone else.
In [political type] [country], ... (Score:3, Funny)
Re: (Score:2)
For a small fee you can get your bullshit before everyone else.
If that were the only impact, it wouldn't matter.
But the fact is that Trump regularly posts official public policy announcements that move markets, so getting the bullshit early can make you money.
If I'm understanding this correctly (Score:5, Insightful)
You pay him for access to his insider trading information? So allow me to reiterate.
How has your life improved under the orange one?
Is your paycheck larger?
Did you pay less taxes?
Are grocery costs lower?
Are your utility costs lower?
Did the price of gasoline or diesel decrease?
Did you pay less in health insurance?
If you needed insurance or healthcare were you able to obtain it?
Now MAGA cult followers if you're still sipping on kool aid on this hot July night, let me ask you this.
What if Obama did the exact same thing?
Re: (Score:3)
Their answer to this is the same answer they give to the God question "Tell me how this world would be different if there was no God and no one designed it".
They cannot imagine either and they usually trail off into other topics or play the blame game
Re:If I'm understanding this correctly (Score:5, Insightful)
It won't matter that you ask all legit questions. Dunning Kruger effect is in full force with these folks.
Their answer to this is the same answer they give to the God question "Tell me how this world would be different if there was no God and no one designed it".
They cannot imagine either and they usually trail off into other topics or play the blame game
Yep... During the Biden government they couldn't shut up about debt, "gas" prices, crime families, dementia, so on and so forth... Now their silence is deafening.
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Well to be fair they're still talking about it about Biden.
But turn a blind eye to Trump's end of this. But it was never about any of these issues anyway, since they're all false as well. It's just sad, petty people and their sad, petty leader lashing out.
Re:If I'm understanding this correctly (Score:4, Insightful)
Allow me to answer. Ahem.
Is your paycheck larger?
No, that's Biden's fault.
Did you pay less taxes?
Did you her Kamala's laugh?
are grocery costs lower?
That's Barack HUSSEIN Obama's fault.
Are your utility costs lower?
Her emails and Benghazi made them high.
Did the price of gasoline or diesel decrease?
Yes but Biden did it Trump made money because he's smart
Did you pay less in health insurance?
Bill Clinton got impeached!! Trump's still draining the swamp.
If you needed insurance or healthcare were you able to obtain it?
Get your government hands off my medicare!
What if Obama did the exact same thing?
BOTH SIDES
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If you needed insurance or healthcare were you able to obtain it?
Get your government hands off my medicare!
If you needed insurance or healthcare were you able to obtain it?
Get your government hands off my Medicaid!
Fixed that for you.
Re:If I'm understanding this correctly (Score:5, Interesting)
I'm not sure that most algorithmic trading firms could touch this with a bargepole.
The US has fairly lenient laws when it comes to insider trading, but the EU, for example, is much stricter; laws which basically boil down to "trading while in possession of MNPI". The regulator neither has to prove that you used the information, nor that you benefited from it, merely that you possessed it and you traded in a way that could have been influenced by it.
The main requirements that have to hold for the EU is that the information is "precise, non-public, and price-sensitive"
I don't know other regulators rules so well but my googling says that "Canada: generally prohibits trading while posessing undisclosed information obtained through special relationships"
There is, of course, some confusion on whether the information is "non-public" which I suspect Trump will play on, but I think these posts will be seen as Trump announcing that he is going to enact some government change, not that he has, and as such is unlikely to satisfy any non-US regulator as to it being anything other than MNPI (or worse, market manipulation - firms trading in the EU could be sanctioned even if Trump himself cannot be)
Welcome to the wonderful world (Score:3)
With the exception of some billionaires nobody's lives have gotten better because of trump. But because of survivorship bias or the idea that the shit doesn't hit the fan for everybody all at once some people have had their lives either stay the same or improve.
Among those people you've got two groups. You have a low information voters who barely know who the president is. And you have the frothing right wing nut jobs who just really really want somebody to have it worse than th
Re: If I'm understanding this correctly (Score:2)
That's all irrelevant.
The one and only important thing is the amount of extra money Trump poured into his wallets.
People is an irrelevant annoyance.
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What if Obama did the exact same thing?
Wait... I thought all of this was Obamas fault in the first place!
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If only Trump had the power to affect all that. I'm not saying some of it wasn't affected, but about half of that is beyond Trump or any President to really "fix".
My paycheck is larger actually. It's called getting yearly raises via my negotiated union contract.
Fewer taxes? Probably not, but I made more so of course I'm paying more.
Groceries? We've been getting gouged here a while, so it's hard to say this is the president's fault. Food prices have sucked since Russia invaded Ukraine.
Utilities? Of course no
Tele (Score:5, Funny)
This is revolutionary! Previously the teleprompter guy was the go-to person for that info.
Madness (Score:5, Insightful)
Let’s see. It’s a modern world, and the president has decided to make big announcements on his own internet platform. Ok, I guess, even though these are clearly public messages that affect the public good. And these announcements cause real money to be made and lost all across the world. SO, he’s going to selectively release the information so that only a few people can arrange their finances to profit from these messages by seeing them earlier than everyone else. Even if only one minute earlier, the information can be used to great advantage. And he’s going to personally profit from this arrangement as well.
He is selling access to inside information.
And half the country gives out a collective yawn.
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And half the country gives out a collective yawn.
Not exactly a yawn. More like a shake of the head at more evidence that all politicians are on the take, perhaps with a wry grin that "their guy" is smarter and better at it and so makes a lot more money.
I mostly don't talk politics with my family because they're Trump supporters and it creates friction, and accomplishes nothing. This morning, though, when I saw this news, I started typing a post on the family chat to ask if they're really okay with it. By the time I got to the end, I realized I knew e
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What do you want people to do? Another Jan 6 but at the WH instead? Okay, you first!
I'm ready to let the state fail before I give my life up for it. There's other countries in the world, thanks.
That's why I never joined the military. I'm not willing to sacrifice my life for the body politic. Let them send their kids to war.
For 2.5 more years (Score:3)
Markets already move on Truth Social posts ... As adoption grows, we expect Truth API to become a meaningful, ongoing source of revenue for the company,
Well, maybe for 2.5 more years.
Don can do insider trading on (Score:5, Insightful)
...5th Ave. and NOBODY is fucking stopping him because GopSCOTUS gave him "Presidential Immunity".
U.S. is bigly fucked up.
Re:Don can do insider trading on (Score:4, Insightful)
What I find most disappointing about the USA is not that there's a dictator king in the office fucking over the entire country. It's that the justification for the insane attachment to guns was to stand up to an oppressive government, and yet it's clear the people with the biggest arsenal are also the biggest chickenshits. I anticipated a whole lot more assassination attempts, but even with my limited credit I did give the nutjobs in America, that was credit too much.
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Republicans like their guns. Democrats would ultimately take them all away if we let them. So just using a wide brush and painting all Americans the same is pretty silly. Where are the Democrat gun owners and why haven't they enacted change yet?
You've heard the expression "soap box ballot box jury box ammo box, use in that order". Well, we are still at the voter box phase because that still has a good chance of changing the government. Every 2-4 years in fact. Maybe it's to late for our country either way.
I
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Chaos reigns (Score:5, Insightful)
So let me understand this.
The president is selling access to the problems he creates.
There's now a bigger incentive to create more problems just to sell more access.
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well he is selling access to people to be able to make money from it I suppose, no matter if it is problems he creates, knowing it in advance can make you richer.
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There's now a bigger incentive to create more problems just to sell more access.
Yes, and it's wrong. And it's also exactly why congresscreeps shouldn't be allowed to trade stocks. It goes way beyond insider trading, straight to market manipulation.
Law Will Return. Eventually... (Score:3)
CEOs, board members and decision makers at all levels of companies need to be aware they will be personally prosecuted for corruption, bribery and insider trading for signing up for this.
Eventually.
Oh, hey, look at me being all wildly optimistic...
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LOL, that's fucking hilarious. I'm sure the Democrats will get right on that when they get a blue wave in 2028. Right.
Don't get me wrong, they will at least try to govern the country. That's more then the current administration is doing. Make no mistake though, they aren't going to be ushering in a golden age.
Crime is legal, corruption *is* the system (Score:3)
Basically the same model as Bloomberg Terminals (Score:2)
ITaaS (Score:5, Insightful)
ITaaS
Insider Trading as a Service.
If lots of people don't go to jail for this at some point, America is dead.
Levels of clownworld previously unthinkable (Score:2)
Dario has got he alignment problem completely on its head. Its not the alignment of AI which is the problem, world decision makers in general and the USA one in particular are disastrously misaligned. In fact since Dario has "much more in common with the Department of War than we have differences" he is part of the problem, not the solution.
Please AI, save us from ourselves, misaligned humans.
It's actually the other way around (Score:2)
Truth will start slowing down access to anyone who doesn't pay, while the president, the owner and the Donald will start brain farting more and more often.
I noticed the Republicans disappeared (Score:5, Interesting)
I get the occasional bot here and if my comment gets modded up they will show up and call me Chinese but those are obvious nonsense AI slop.
The numbnuts yelling TDS at me and going on about Hunter Biden have all disappeared. I don't even see the over on Reddit anymore even on the single remaining conservative forum. I'm assuming they're all over on Twitter with the other Nazis getting more radicalized.
Honestly when I think of it that way it's probably not a good thing but what can you do
Compare to HFT (Score:3)
Not to say that this is OK because HFT is OK... instead, HFT isn't OK because it's basically the same thing.
Insider trading at the highest level (Score:3)
In other words to Trumps market manipulation (Score:4, Informative)
Welcome to Kleptostan (Score:4, Informative)
He is literally charging for insider trading knowledge. And no one in the US feels like stopping it. It says everything about the state of what is laughably called US democracy now, because its judiciary, and its legislature are flaccid and supine.
Trump has basically pulled his pants down and curled an enormous figurative shit out on the White House lawns. After already literally bulldozing and wrecking them with his low-rent circus, of course.
Re:What an effing crook (Score:5, Insightful)
The only difference between trump and Jim Jones is that trump would charge you for the kool aid
Re: What an effing crook (Score:5, Informative)
Trump has always been the exact same asshole he is today.
Re: (Score:2)
In November of 2027 we'll vote for our next president.
I wish it was sooner, but the chances of the Democrats getting 67 seats in the Senate is about as likely as Trump stepping down today. It's not happening.
Democrats should win the house, but even if they impeach him every week it won't matter if they don't have support of the Senate. We will probably end up in a stalemate in Congress unless something changes to really apply pressure to Republicans. Seems doubtful that anything is going to accomplish that.
Re:SEC?? (Score:4, Informative)
pay for access to insider(outsider?) trading info?
He's creating a "middle class" - they will get the info after the regular insiders, but before hoi polloi.
He should have thought of selling multiple levels of higher tiers.
Re: (Score:2)
Let's don't give him ideas, shall we?
Re: (Score:2)
Unless they take every penny from him, it's likely to just result with a slap on the wrist. I'm still hoping he just falls over dead one of these days. That would save us a lot of time and money going forward.