But, but Benghazi!
White House press secretary Sarah Huckabee Sanders
“Neener, neener - this time I did speak with the President. He said he doesn’t give a fuck.”
November 6, 2018, cannot come soon enough.
I’ve said it before, I’ll say it again: Trump will cry like a baby animal in the wild if he gets real heat on this, and the momma titties will come rushing to the defense.
There is no law that constrains Trump if it isn’t enforced.
and the end result will be …
Fuck All…
And lots of it
What the hell do these people expect. After all, the Asshole-elect is a moron, whose only knowledge of financial markets is lying and cheating on them. Sad.
As Bill Maher put it succinctly: Trump is above the law, because no matter what he does, he gets away with it.
Unless an investigation will lead to actual consequences, please don’t bother. I already know Trump is a liar, conman, extortionist, money-launderer, and traitor. A man without decency, empathy or integrity. I don’t need an investigation to tell me any of that.
Yeah, when Trump is still struggling to understand and follow the basics in the Constitution, an OMB directive is going to receive short shrift. Besides, now it’s back into the swirling cesspool of media rebroadcasting whatever comes out of his mouth, his favorite!
IIRC it’s standard practice to roll back stock trades based on insider information (say a prematurely released earnings report).
The bond market, however, is a different kettle of fish with lots of indirect links (If interest rates increase in the US, dollars goes up, interest rates in competing economies will also rise etc etc,) so not that easy to undo the harm done.
BOHICA: Bend over, here it comes again!
That seems to be the hold up.
Hands will be wrung. Pearls will be clutched. Concern and disappointment will be expressed.
Fucks by Trump will not be given.
So who can do anything about this? Answer: no one. I personally don’t care anymore. Let him rape and pillage. No one will do anything about it.
Trump needs to feed his ego and narcissism, constantly as well as to bolster the “legend” that he has built around himself as a “successful businessman” and shrewd deal-maker.
I strongly suspect that Trump has several folks on his comms staff assigned to spend a great deal of time combing through government reports and the press to find “positive” items that he could claim credit for, even if distantly vicariously.
What is unfortunate is that the power of the presidency gives a charlatonic miscreant like Trump, enormous latidude and opportunity to obtain and disseminate, and conversely, supress, a lot, but not all, information and data that would detract from the legend. Other presidents, notably Obama hesitated to overplay their hand in this regard because they were either reticent to “toot their own horn” like Obama, or conscious of an assertive press corp that would expose dissembling and outright lying. In Trump, we have a disgusting individual who lies without compunction and a docile, almost obsequious DC press corp.
As we go on with the Trump regime, the validity and reliabilty of goverment provided data on high visibility issues, especially those with associated highly charged politics will become more and more uncertain. And in the end, distrusted almost entirely by experts in the field who know better.
Isn’t this a violation of federal securities law? Such premature information release by trusted individuals, even if not for pecuniary gain and only to enhance reputation, is a criminal act.
And if Democrats miraculously take control of the House, and Nancy Pelosi is elected Speaker, impeachment will still be off the table…
Not only is there a problem that insider trading can happen (by other people who he might tell, and we won’t know about that), but since he chose to do this publicly, what will it mean, next month, when he doesn’t send out a pre release tweet? Should investors interpret that to mean that the numbers are bad, and trade accordingly? And if it turns out that they are bad, should investors continue to make those investments in the future? And if they’re good, and he doesn’t tweet, what is that supposed to mean?
Not that he cares about that. So long as he can claim victory for every good thing that happens, whether or not he deserves credit. This is what happens when you have a completely unprincipled leader.