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(Guardian)   Icahn't believe the timing of this sale was a coincidence   ( theguardian.com) divider line
    More: Obvious, major Trump supporter, steel imports, International trade, regulatory filing Icahn, Donald Trump, U.S. Securities and Exchange Commission, European Union, Tariff  
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1845 clicks; posted to Business » on 03 Mar 2018 at 8:46 AM (40 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



16 Comments     (+0 »)
 
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2018-03-03 06:57:54 AM  
one law for the rich, another set of laws for you and me.
 
2018-03-03 08:55:58 AM  

Weaver95: one law for the rich, another set of laws for you and me.


And Republicans wouldn't have it any other way.
 
2018-03-03 09:06:53 AM  
Somebody in the know, help me out.

If Trump gave a phone call to his old buddy Carl and said "We're gonna have done steel tariffs, it's gonna be amazing, it's gonna bring back manufacturing jobs, bigly", would this stock sale count as insider trading?
 
2018-03-03 09:14:28 AM  
What to watch for:  the same people buy it all back a couple of days before Trump announces that he is reconsidering the move.

BTW, IMHO BUD knew this was coming as well.  They were up $9- $11 over four days prior while the rest of the market was getting burned.  Haven't checked other beers yet.

Of course lent was coming to an end as well.
 
2018-03-03 09:19:03 AM  

baronbloodbath: Somebody in the know, help me out.

If Trump gave a phone call to his old buddy Carl and said "We're gonna have done steel tariffs, it's gonna be amazing, it's gonna bring back manufacturing jobs, bigly", would this stock sale count as insider trading?


No, because Fark You!
 
2018-03-03 09:23:56 AM  

baronbloodbath: Somebody in the know, help me out.

If Trump gave a phone call to his old buddy Carl and said "We're gonna have done steel tariffs, it's gonna be amazing, it's gonna bring back manufacturing jobs, bigly", would this stock sale count as insider trading?


If that someone was in charge of policy that effected pricing, worked within the industry and disclosed information not yet released to public, released information intended to affect pricing.  Otherwise just a tip.

Martha Stewart got caught but was a holder in her own company.  Trump technically does not hold stock in an industry he is about to alter.

But his friends benefited from his policy and his tip off.  Probably worth an investigation.  Like all the rest that's as far as it will get.
 
2018-03-03 09:25:03 AM  
 
2018-03-03 09:55:29 AM  

baronbloodbath: Somebody in the know, help me out.

If Trump gave a phone call to his old buddy Carl and said "We're gonna have done steel tariffs, it's gonna be amazing, it's gonna bring back manufacturing jobs, bigly", would this stock sale count as insider trading?


How rich is his friend? Is he a woman who runs a popular TV show who might be used as an example? Or is he a well-connected soulless white guy with a massive portfolio? Then we'll let you know.
 
2018-03-03 10:48:07 AM  

baronbloodbath: Somebody in the know, help me out.

If Trump gave a phone call to his old buddy Carl and said "We're gonna have done steel tariffs, it's gonna be amazing, it's gonna bring back manufacturing jobs, bigly", would this stock sale count as insider trading?


How rich is the buddy?
 
2018-03-03 11:51:16 AM  

edmo: baronbloodbath: Somebody in the know, help me out.

If Trump gave a phone call to his old buddy Carl and said "We're gonna have done steel tariffs, it's gonna be amazing, it's gonna bring back manufacturing jobs, bigly", would this stock sale count as insider trading?

How rich is the buddy?


media.gettyimages.comView Full Size
 
2018-03-03 11:57:25 AM  

HighOnCraic: edmo: baronbloodbath: Somebody in the know, help me out.

If Trump gave a phone call to his old buddy Carl and said "We're gonna have done steel tariffs, it's gonna be amazing, it's gonna bring back manufacturing jobs, bigly", would this stock sale count as insider trading?

How rich is the buddy?

[media.gettyimages.com image 850x999]


*ba-dum-SHHH*
 
2018-03-03 12:20:01 PM  

edmo: baronbloodbath: Somebody in the know, help me out.

If Trump gave a phone call to his old buddy Carl and said "We're gonna have done steel tariffs, it's gonna be amazing, it's gonna bring back manufacturing jobs, bigly", would this stock sale count as insider trading?

How rich is the buddy?


ProsecutorBuddy couldn't handle it. Was Buddy one of your crew?
Witness: Right. Buddy was the bombardier. But it was Striker who couldn't handle it, and he went to pieces.
ProsecutorAndy went to pieces?
Witness: No. Andy was the navigator. He was all right. Buddy went to pieces. It was awful how he came unglued.
ProsecutorHowie came unglued?
Witness: Oh, no. Howie was a rock, the best tailgunner in the outfit. Buddy came unglued.
Prosecutor: And he bailed out?
Witness: No. Andy hung tough. Buddy bailed out. How he survived, it was a miracle.
Prosecutor: Then Howie survived?
Witness: No, 'fraid not. We lost Howie the next day.
Prosecutor: Over Macho Grande?
Witness: No. I don't think I'll ever get over Macho Grande. Those wounds run...pretty deep.
 
2018-03-03 01:29:45 PM  

clowncar on fire: baronbloodbath: Somebody in the know, help me out.

If Trump gave a phone call to his old buddy Carl and said "We're gonna have done steel tariffs, it's gonna be amazing, it's gonna bring back manufacturing jobs, bigly", would this stock sale count as insider trading?

If that someone was in charge of policy that effected pricing, worked within the industry and disclosed information not yet released to public, released information intended to affect pricing.  Otherwise just a tip.

Martha Stewart got caught but was a holder in her own company.  Trump technically does not hold stock in an industry he is about to alter.

But his friends benefited from his policy and his tip off.  Probably worth an investigation.  Like all the rest that's as far as it will get.


Both giving and receiving tips is illegal insider trading. Here though I think the problem is, the tip (if it exists) doesn't pertain to a specific company, so I'm not sure how the SEC handles it.

There's also some law that legislators can't be held responsible for trading their own stocks even in companies affected by their legislation, which is totally bullshiat, but AFAIK that's not what's going on here.
 
2018-03-03 03:41:31 PM  
I've seen this movie before:
img.fark.netView Full Size

img.fark.netView Full Size
 
2018-03-03 03:49:25 PM  

baronbloodbath: Somebody in the know, help me out.

If Trump gave a phone call to his old buddy Carl and said "We're gonna have done steel tariffs, it's gonna be amazing, it's gonna bring back manufacturing jobs, bigly", would this stock sale count as insider trading?


I don't think so. Since Trump, the president, was discussing this.

If it was Mnuchin or Ross, I think it could be insider trading.

/ianal
 
2018-03-03 09:46:41 PM  
Moran has a lot to lose for a paltry $31 million
 
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