• spankysalmon@fedinsfw.app
    link
    fedilink
    English
    arrow-up
    31
    ·
    11 days ago

    It’s not legal. It’s just that the people who enforce the law are fascist fucks who like him so they choose not to do their jobs.

  • TheFeatureCreature@lemmy.ca
    link
    fedilink
    English
    arrow-up
    22
    ·
    11 days ago
    1. Sitting US president has complete legal immunity.
    2. The entire elite class in the US is effectively legally immune.
  • SnarkoPolo@lemmy.world
    link
    fedilink
    arrow-up
    10
    ·
    11 days ago

    This is a fascist country. The rulers are above the law. We inferiors must obey anything they say is the law.

  • stoly@lemmy.world
    link
    fedilink
    arrow-up
    7
    ·
    11 days ago

    Because the wealthy run the country and control the legislators who pass the laws. They don’t want enforcement, so there is no funding for enforcement even if the laws exist on the books to keep the middle class and poor in check.

  • Steve
    link
    fedilink
    English
    arrow-up
    6
    ·
    11 days ago

    Because the insider trading laws have a specific carve out for elected federal officials. It’s crazy, but true.

    Just checked. Apparently that was closed in 2012!
    The issue now is that enforcement of insider trading laws is highly selective. Nobody important gets charged or even investigated for it.

    • 11111one11111@lemmy.world
      link
      fedilink
      English
      arrow-up
      2
      ·
      11 days ago

      Yeah Obama stomped that fuckin bullshit out. Now only the spouses of congressmen/women can get rich from insider trading.

  • TheReanuKeeves@lemmy.world
    link
    fedilink
    arrow-up
    4
    ·
    11 days ago

    It’s not legal but the people who have the influence to do it usually don’t see consequences. Laws are for the poor, not the rich.

  • 🇨🇦GreenBeard🇨🇦@lemmy.ca
    link
    fedilink
    English
    arrow-up
    3
    ·
    11 days ago

    If you’re a jockey in a horse race, and you bet against your horse then throw the race that’s called race fixing. Now apply the same reasoning to financial markets where he’s making the decisions about who wins and who loses. And for the record, that goes for every politician, governors, congress critters, all of them. Just because it’s legal, doesn’t make it not ethically criminal.