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progree

(12,772 posts)
9. "There is no suggestion of wrongdoing on the part of Bondi."
Thu May 15, 2025, 02:24 PM
May 2025
What To Know
There is no suggestion of wrongdoing on the part of Bondi. Trump's tariffs were announced after the markets closed, and the disclosure form does not say whether the shares were sold before or after closing time.

The disclosure forms also do not specify the value of the stocks sold, only a range.

. . .
According to CBS News, the day after the sale, Trump Media's stock dropped by more than 10 percent.

I added the ROFL emoji. If they were sold before the market closed, i.e. before the tariffs announcement, then there is a pretty strong reason to suspect. If she sold after the close, then she was acting on information that anyone reading the news had.

There's a comment upstream that it was known since before the inaugural that tRump was going to raise tariffs ... yes indeedy, but the timing is still important -- she avoided a more than 10% drop the next day. And the market doesn't seem to be all that allergic to tariffs -- there were Trump II era tariffs already well before April 2. And the market (S&P 500) is up 2.1% over its election day level and up 0.4% YTD as I post this 15 minutes before the close, so some level of tariffs is not a market-killer. The size of the tariffs is important and the size of the April 2 jump in tariffs announcement surprised pretty much all the financial pundits.

Myself, I didn't leap out of the market when tRump started putting on tariffs months ago, and threatening more. Nor did I leap out of the market on or after April 2. Rather, I continued to maintain the same allocation between equities and fixed income that I maintained before the election.

Recommendations

0 members have recommended this reply (displayed in chronological order):

I would think that is illegal. OLDMDDEM May 2025 #1
Nothing to see here Iamscrewed May 2025 #2
She can investigate herself IronLionZion May 2025 #3
It was no surprise when Chump made the announcement FakeNoose May 2025 #4
Nothing to see here DENVERPOPS May 2025 #5
I wish I could get on the Qatari gravy train. flashman13 May 2025 #6
I'm confused here jmowreader May 2025 #7
It's not the company itself BumRushDaShow May 2025 #8
"There is no suggestion of wrongdoing on the part of Bondi." progree May 2025 #9
Don't know why I'm reminded of a song. DJ Synikus Makisimus May 2025 #10
Every rethuglicon wants a piece of our coutry to put in bluestarone May 2025 #11
NAZI gangster and crook Kid Berwyn May 2025 #12
"there is no evidence to support this claim" travelingthrulife May 2025 #13
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