Tag: rumors
Donald Trump

As Stocks Spike Upward, Rumors Surge Over Insider Trading

After one of the best days on Wall Street since World War II, fueled by President Donald Trump and his team's conflicting messages and actions on tariffs, questions are swirling over possible insider trading, market manipulation, and "pump and dump" schemes.

President Trump's announcement that he is pausing most of the increased tariffs that went into effect at midnight was met with glee by investors but with questions by critics who note that the President, just minutes after the markets opened Wednesday morning, had declared it a "great time to buy." Less than four hours later, upon news breaking of his "pause" announcement, stock prices surged.

The Dow closed up almost 3000 points, and the S&P 500 surged 9.5 percent, its biggest increase since 2008.

Some critics say the optics are even worse given that Treasury Secretary Scott Bessent, following the President’s market-shaking “pause” announcement, reportedly told reporters it had been the plan all along.

“Is this market manipulation?" asked Rep. Steven Horsford (D-NV), in a hearing Thursday afternoon, questioning Trump Trade Representative Jamieson Greer.

"No," Greer replied.

"Why not? If it was a plan, if it was always a plan, how is this not market manipulation?" Horsford insisted, appearing to refer to Secretary Bessent's prior remarks.

"It's not market manipulation, sir," Greer added.

"Well, then what is it?" an angered Horsford demanded. "'Cause it sure is not a strategy."

"We're trying to reset the global trade system," Greer continued.

"What has that done?" Horsford interjected. "How have you achieved any of that? But to enact enormous harm on the American people, which was our concern from the very beginning, Tariffs are a tool. It can be used in the appropriate way to protect U.S. jobs and small businesses. But that's not what this does. So, if it's not market manipulation, what is it? Who's benefiting? What billionaire just got richer?"

"But meanwhile, the Speaker is rushing to the floor to pass a budget reconciliation to screw America by passing the biggest tax cut in history — on the backs of the American people? W.T.F.! Who's in charge? Because it's sure doesn't look like it's the trade representative. You just got the rug pulled out from under you."

Journalist Ahmed Eldin writes, "Trump tells followers to buy when market opens, then hours later, he pauses tariffs — stocks surge. Totally normal! Just your average day of legal-ish insider trading and market manipulation. Corruption is trading at an all-time high."

On Wednesday afternoon, Sen. Adam Schiff (D-CA) announced that he will be "writing to the White House to demand who knew in advance that the president was once again going to flip flop on tariffs —and are people cashing in?"

"There is just all too much opportunity for people in the White House and the administration to be insider trading and you can't put it past them for a minute," he said. "I think Congress should do an investigation into this, but we're gonna demand answers from the administration."'

"This will come out," Schiff vowed, "but an administration that has their own meme coins and has already engaged in self interested dealing with Elon is 'DOGEing' agencies that are doing oversight in his own businesses, and that kind of corrupt climate, you have to assume the worst, and we're gonna try to find out."

Attorney Jackie Singh, a cybersecurity, privacy, and cybercrime expert, posted a CNBC screenshot with the headline: "White House insists Trump's tariff reversal was his strategy all along."

"Yes," she writes, "pump & dump schemes were previously an exclusive realm of fraudsters, and considered prosecutable criminal activity–Now neatly employed by the President of the United States (also a fraudster)."

Political strategist Chris D. Jackson writes, "So he caved after he said he wouldn't. Was this all a big market manipulation scheme?"

International security analyst Matthew VanDyke insisted the Trump administration "is going to be investigated for market manipulation."

"Somebody just made BILLIONS off this tariff-based manipulation of the markets," noted attorney Tristan Snell, who prosecuted the Trump University case for the State of New York. "And it wasn’t any of us."

"Historian here," writes Professor of history Manisha Sinha, "while they are tanking the U.S. economy the White House and Trumps cronies are making millions from market manipulation and speculation."

SiriusXM host John Fugelsang wrote: "This isn't The Art of the Deal. It's insider trading with a bad comb-over."

Watch the videos above or at this link.

Reprinted with permission from Alternet.

John Fetterman

Fetterman Flatters Trump But Denies Rumors He Will Join Republicans

Sen.John Fetterman’s complex relationship with President Donald Trump has raised many eyebrows on the left, with some Democrats worrying he could switch sides, giving Senate Republicans a greater advantage in their current narrow majority.

Fetterman, the senior senator from Pennsylvania, was the first Senate Democrat to join Trump’s Truth Social website and the first Democratic Senator to visit Trump at Mar-a-Lago after the 2024 election.

“President Trump invited me to meet, and I accepted. I’m the Senator for all Pennsylvanians— not just Democrats in Pennsylvania,” Fetterman declared, Reuters reported.

He was also the first Democratic Senator to call for President Joe Biden to pardon Trump.

“The Trump hush money and Hunter Biden cases were both bullshit, and pardons are appropriate,” Fetterman wrote in his first Truth Social post, the UK’s The Timesreported last month. “Weaponising the judiciary for blatant, partisan gain diminishes the collective faith in our institutions and sows further division.”

On Monday, he became the last Senate Democrat to sign on to a resolution condemning Trump’s pardons of over 1500 people convicted of crimes related to the January 6 attack on the U.S. Capitol and the insurrection.

According to the Associated Press, “Fetterman has warmed to Trump so much that some in his party are quietly disavowing the man they supported in 2022, when the Pennsylvanian easily won a three-candidate primary and survived a stroke amid a high-pressure campaign to become the only Democrat to flip a Republican Senate seat that year.”

And he’s embraced Trump’s proposed Greenland grab, calling it “a responsible conversation.”

On Monday, Fetterman rejected the party switching rumors, declaring those who suggest he has made a “rightward” move are wrong: “it’s just happened not to be true.”

“I’ve been record too, saying, I am not gonna become a Republican, you know, although maybe some people might be happy on one side, but I would make a pretty terrible Republican because, you know, pro-choice, pro-really strong immigration pro-LGBTQ, uh, you know, just pretty, like, I don’t think I’d be a good fit, so I’m not gonna change my party.”

“I can’t keep chasing down every last thing that’s online, because they’re just happen not to be true and just look at my votes, look at the things that I haven’t changed,” Fetterman insisted.

Watch below or at this link:

Reprinted with permission from Alternet.

Trump Urges Federal Probe Of Rumors He'll Sell Truth Social Shares

Trump Urges Federal Probe Of Rumors He'll Sell Truth Social Shares

Donald Trump on Friday broke his post-election silence on his failing Truth Social platform, issuing threats against unnamed people who he said were trash talking his company.

"There are fake, untrue, and probably illegal rumors and/or statements made by, perhaps, market manipulators or short sellers, that I am interested in selling shares of Truth. THOSE RUMORS OR STATEMENTS ARE FALSE. I HAVE NO INTENTION OF SELLING!” Trump wrote in the TruthSocial post. “I hereby request that the people who have set off these fake rumors or statements, and who may have done so in the past, be immediately investigated by the appropriate authorities. Truth is an important part of our historic win, and I deeply believe in it. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!"

It was the first real comment he's made on his Truth Social feed since his victory on Tuesday. The few other posts he sent were merely images of newspapers announcing his win.

Trump's Truth Social stock price has fallen precipitously since the company went public in March.

Initially, the stock was trading around $60 when the company first went public. It's now trading at around $30, up from the nose-dive it took in September amid reports that Trump was eligible to start trading his own shares and possibly cash out on the failing platform.

The fact that Truth Social is trading at anything of value is confounding, as the site has barely any users and lost $19 million in the third quarter alone, Axios reported.

Now that Trump will take office again, it’s unclear whether he’ll put his shares in a blind trust to avoid flouting ethics rules. Of course, Trump has no ethics and did not put his companies in a blind trust the first time around, so it’s unlikely he’ll do so now.

Also absurd is that Trump said in his post the "truth is an important part" of his win.

Trump is a notorious liar.

CNN fact-checker Daniel Dale wrote an article ahead of Trump’s win titled “Donald Trump’s campaign of relentless lying,” in which he implored media organizations to cover Trump’s lies more often.

“For the third consecutive presidential election, the Republican presidential nominee is running a relentlessly dishonest campaign for the world’s most powerful office,” he wrote. “Wildly exaggerating statistics, grossly distorting his opponent’s record and his own, regularly just plain making stuff up, Trump is lying to American voters with a frequency and variety whose only precedent is his own previous campaigns.”

In fact, during Trump’s first round, the Washington Post tracked over 30,000 misleading statements.

“If you met someone at a bar who told you 25 things that weren’t true, that would be one of the first things you told other people about this encounter,” Dale wrote. “Trump telling the American people 25 things that aren’t true in a rally speech should be one of the first things media outlets tell their readers and viewers about the speech. Maybe then Trump would care a bit more about being corrected.”

Here’s hoping the media takes Dale’s warnings seriously.

Former President Donald Trump

Donald TrumpFormer President Donald TrumpTrump Wants Everyone To Know He's Ready For His Perp Walk

Reprinted with permission from Daily Kos.

We’re All Making The Woody Allen Scandal Worse

We’re All Making The Woody Allen Scandal Worse

My absolute favorite tabloid newspaper headline ever appeared in something called the Weekly World News: “3-Breasted Gal Joins Clinton as His New Intern.” I still have a copy somewhere. Supposedly, the former president hired the “three-bosomed bombshell” after Hillary got caught cuddling with a space alien.

Alas, the more colorful supermarket tabloids are on the way out, victims of the Internet age, along with theoretically more serious publications like Vanity Fair and TheNew York Times. Titillating gossip about the sexual sins of movie stars, TV celebrities, athletes and politicians has been replaced by impassioned brawls about their moral fitness on social media.

Woody Allen, genius or pervert? Mia Farrow, mother of the century or virago? Dylan Farrow, victim then or victim now? And by whom? Almost everybody’s got an opinion, and it says here that nobody knows what they’re talking about. Sometimes it appears that the hardest words in the English language must be “I don’t know.”

Slate’s legal affairs correspondent Dahlia Lithwick put it best: “in the Court of Public Opinion there are no rules of evidence, no burdens of proof, no cross-examinations, and no standards of admissibility. There are no questions and also no answers….[it’s] what we used to call villagers with flaming torches. It has no rules, no arbiter, no mechanism at all for separating truth from lies.”

Journalism 101: Anybody can say anything about anybody else. That doesn’t mean it belongs in TheNew York Times. I question the professional ethics of Nicholas Kristof’s using his column to intervene in a friend’s brutal family dispute where he admittedly has no idea what happened. It’s a 20-year-old charge that was investigated and dropped. There’s no new evidence. The statute of limitations has run out. Other than revenge, what’s the point?

It’s an online rite of Dionysian celebrity sacrifice; a 21st-century pagan ritual, although not without its entertainment value. Previous to the Internet, who’d have known how many seers, augurs, necromancers and mind-readers live among us? Innocent or guilty? Let’s get out the Ouija board, throw the I-Ching, and fetch the dunking stool from the barn. Bind the witch and throw him in the pond. If he floats, we’ll hang him.

Comment lines can be amazing. Show me an entry beginning “As a board certified child psychiatrist,” and it’s 20 to 1 what’s coming: a few hundred words of factually-challenged speculation followed by an online diagnosis and a guilty verdict. Have Woody Allen’s films featured “a steady theme of a male protagonists finding love with a younger woman?” (Unlike, of course, Clint Eastwood’s.)

Very well then, he must be a pedophile.

News flash, frigid gentlewomen of the jury: ALL straight men find 19 year-old women desirable. They just don’t want to make fools of themselves.

I once knew a business tycoon in his fifties who dated a teenager. What on earth did they talk about, asked an incredulous friend?

“High school football,” he said.

None of which makes it OK to run off with your lover’s adopted daughter at any age. Out in the boondocks where I live, people get shot for that stuff.

In the abstract, there’s undeniable truth on both sides. The sexual victimization of children is far more common than many wish to believe, and victims are too often silenced. However, purely false or imaginary abuse charges have become the tactical nuclear weapons of divorce and custody fights everywhere. If Mia Farrow expected to win new converts, she should have left out the bit about Frank Sinatra fathering Woody Allen’s legal son—the one he’s been paying child support to all along.

Floated in Vanity Fair, the story generated headlines, but not credibility. And no, that’s not “mansplaining,” “slut-shaming,” or any of the other cant terms used to silence skeptics. Even in the Court of Public Opinion, it’s inadvisable to admit falsifying something so elemental. Could Farrow really imagine that would lend support to her allegations against the creep?

Or would it merely strengthen the conclusions of the investigators at the Child Sexual Abuse Clinic of the Yale-New Haven Hospital? “Dylan’s statements were not true but were made up by an emotionally vulnerable child who was caught up in a disturbed family,” or “that [she] was coached or influenced by her mother.”

“Disturbed family” is putting it gently. I wouldn’t let those two adopt a kitten. To me, the most affecting part of the whole thing was Kristof’s description of the now 28-year-old woman “curled up in a ball on her bed, crying hysterically” when she heard of Woody Allen being given a Golden Globe award. Somebody should give her Elizabeth Smart’s terrific book on healing from sexual trauma. Whatever happened to Dylan at age 7, obsessive dwelling on it has done her incalculable harm.

Meanwhile, regardless of good intentions, we feuding voyeurs and sadists are only making everything worse.

Photo: edavidove via Flickr

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