alt Hacker NewsThat’s hilarious … so he’s arrested and put on trial and all the senate and congress are doing the exact same and free? lol
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At this point insider trading issue has run away so hard I don't see how it can be tamed without revolutionary frameworks. If we look at crypto then I'm not sure we want to live in a world where insider trading is normalized either so we ought to start working on these new frameworks as soon as possible but nobody seems to care.
I actually don’t know the details of the specific crimes. Eg if you’re a soldier and you post on Facebook that you’re about to go on a raid to depose a head of state, that’s presumably a secrecy violation you would be punished severely for. The insider trading can be like this too in that you’re improperly using the information you are privy to due to your being an insider. If you’re a congressperson and you tweet that the government is about to do such a raid, I don’t know what the legality of that is – perhaps you have some kind of privilege to reveal these things and any censure must happen politically (eg impeachment, losing elections, etc) rather than legally. I don’t know what the rules for insider trading would then be – legislators are not insiders in the way that soldiers are.
Ignoring the moral argument, it isn’t all that clear to me that this would actually be a crime for a legislator under US securities law. It may be that new laws would be required to be able to punish legislators for this kind of behaviour.
Did congress do it with classified ops data, or with their voting stuff?
The main difference between the two is that betting on the date of a classified op indirectly reveals classified data that can tip off an adversary and cost lives.
Is there a specific case of someone in congress disclosing classified information by betting on it that we can link to?
I like how when people talk about corruption they think about Nancy Pelosi or some other congressman/senator making couple million $ on the stock market over their entire careers due to insider trading. Just last week Trump made a bet of around $1B on the price of oil going down before doing a fake announcement.
Classic Anacyclosis in action. The same things happened in Ancient Rome right before the Republic fell.
America is fine with the rich and powerful doing that. Just not one of the normies. Just look who they elected to President. You cannot with a serious face suggest otherwise.
Already known to the classic Roman people:
"Quod licet Iovi, non licet bovi" [1]
[1]: https://de.wikipedia.org/wiki/Quod_licet_Iovi,_non_licet_bov...
Wilhoit Law; There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect
> senate and congress
Senate and congress are both elected. Their re-election is effectively jury nullification.
The people do not care about the crimes.
Which specific senate and congress members made Polymarket bets on the Maduro raid? Oh, none of them? So it's not "the exact same", then, is it?
Think about it. He's stealing from the US military. The politicians are stealing from you. Who's laughing now?
Yes, the military have fewer rights than civilians. That's a feature.
rules for thee
Any evidence of that?
Palpatine: I am the senate!
The only reason we know about the trades in Congress is because they're following the law and reporting them. I don't think there is any evidence that members of Congress: 1) have access to classified info like this, and 2) are betting on polymarket.
That's not to say the behavior isn't extremely slimey but they are acting within the law. Your comment doesn't mention the executive branch and the various crypto "ventures" going on, like the Whitehouse dinner for investors of $TRUMP coin of which we have no idea who invested or what they got from it.
Its a big club and you ain't in it.
Some, and probably very few.
When the people feel everyone is corrupt without any evidence then the next step is getting actual corrupt leaders like Trump's government and soldiers like this that feel corruption is standard behavior
Yes. This is Trump signaling that insider trading is for actual insiders only.
Only aristocrats can play that game. The soldier is being punished for doing something not allowed for his class status.
This is how a caste system works. People is not judged based on their actions but their relationship to power.