Ex-Trump adviser sold $31m in shares days before president announced steel tariffs

It wasn’t like Trump keep secret the fact he was going to do this type of stuff could there be something underhanded here maybe or maybe this guy just has good business instincts.

Yeah. he saved himself about $7 million at the risk of going to prison for insider trading, yet he is worth how many billions? That's like stealing a Chevy Spark because you din't want get your Bentley's flat tire fixed!

I guess he must be some kind of moron!
 
I don’t know. He’s worth 16 billion and he risks an insider trading charge over 30something million? Then again, he could be greedy and just couldn’t help himself :dunno:
 
Lol

Did President Trump not make a Campaign promise to stop steel dumping in the US?

Lord are you people desperate.

Quick appoint a Special Counsel on this Pronto!!!

But they're not talking about the promise, they're talking about him making his friends rich with inside information. That's illegal, by the way.
 
People relax, a guy who's worth $16 BILLION is going to risk prison over $30 million come on. :eusa_hand:


$16 Billion doesn't do you much good when you are in jail and can't enjoy it.

Rich people don't get rich by throwing away money. I'm assuming he tried to decide on how many shares would help him save money, but not look too guilty. If it wasn't about insider information, he is smart enough to ride the down slide and wait until the stock stabilized and came back up some before selling... he wouldn't have just dropped so many shares just days before the Trump announcement. Question will be, will he be forced to testify under oath about it. That's what screwed Martha Stewart.
 
People relax, a guy who's worth $16 BILLION is going to risk prison over $30 million come on. :eusa_hand:


$16 Billion doesn't do you much good when you are in jail and can't enjoy it.

Rich people don't get rich by throwing away money. I'm assuming he tried to decide on how many shares would help him save money, but not look too guilty. If it wasn't about insider information, he is smart enough to ride the down slide and wait until the stock stabilized and came back up some before selling... he wouldn't have just dropped so many shares just days before the Trump announcement. Question will be, will he be forced to testify under oath about it. That's what screwed Martha Stewart.

This is absurd, the guy would have to be dumber than Nancy Pelosi to sell days before using inside information.
 
The insider trading angle doesn't really apply. Almost all senators and congressmen do insider trading. Yes, they passed the s.t.o.c.k act, but then shortly after, they changed it to where member of government no longer have to put their financial information online. A few websites concur that insider trading is still alive and well for members of government and their staffers.
 
People relax, a guy who's worth $16 BILLION is going to risk prison over $30 million come on. :eusa_hand:


$16 Billion doesn't do you much good when you are in jail and can't enjoy it.

Rich people don't get rich by throwing away money. I'm assuming he tried to decide on how many shares would help him save money, but not look too guilty. If it wasn't about insider information, he is smart enough to ride the down slide and wait until the stock stabilized and came back up some before selling... he wouldn't have just dropped so many shares just days before the Trump announcement. Question will be, will he be forced to testify under oath about it. That's what screwed Martha Stewart.

This is absurd, the guy would have to be dumber than Nancy Pelosi to sell days before using inside information.


Trump JUST decided to do this... This hasn't been in the works long enough for Icahn to make it look good. They hadn't even drawn up the paperwork yet and most of Trump's staff didn't even know.
 
The insider trading angle doesn't really apply. Almost all senators and congressmen do insider trading. Yes, they passed the s.t.o.c.k act, but then shortly after, they changed it to where member of government no longer have to put their financial information online. A few websites concur that insider trading is still alive and well for members of government and their staffers.


Except Icahn isn't a government employee anymore...
 
The insider trading angle doesn't really apply. Almost all senators and congressmen do insider trading. Yes, they passed the s.t.o.c.k act, but then shortly after, they changed it to where member of government no longer have to put their financial information online. A few websites concur that insider trading is still alive and well for members of government and their staffers.


Except Icahn isn't a government employee anymore...
True. So we need to hog tie them and roast them over a bonfire, feed them to the wild animals......and then put them in jail.
 
Acting on information that is public is not insider trading.

It wasn't public when he sold it, it wasn't announced until yesterday. Notice I said akin. Looks fishy. But like always you clowns would buy into anything a trump aide or trump would do.
 
Coincidence or not? :eusa_think:

Ex-Trump adviser sold $31m in shares days before president announced steel tariffs

Carl Icahn, a former special adviser to Donald Trump, sold $31.3m of shares in a company heavily dependent on steel imports last week, shortly before Trump’s announcement of new tariffs sent its shares plummeting.

And we are going to give as much of a fuck as you people did for Solyndra and Hillary’s cattle call $10k parlay. You people could give two shits about the sin. It’s all about whether the sinner is on your side. In other words, you are full of shit.
 
Oh, gosh. . . . Trump signaled months ago that he was considering tariffs on steel and aluminum. That's why he directed the Department of Commerce to conduct a study on the need for greater domestic production capacity of steel and aluminum goods.
 
Lol

Did President Trump not make a Campaign promise to stop steel dumping in the US?

Lord are you people desperate.

Quick appoint a Special Counsel on this Pronto!!!


70% of steel used in the US is made in the US, China supplies about 2%, not much of a dump if you ask me.


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