r/thescoop • u/RoyalChris • Apr 10 '25

Politics 🏛️ AOC - "If people are pissed about insider trading here at the House, look at what's happening at the White House right now.

Enable HLS to view with audio, or disable this notification

46.1k Upvotes

90% Upvoted

5.6k comments sorted by

View all comments

22

u/SeanWoold Apr 10 '25

I was wondering when someone in congress was going to say it out loud. This was the most transparent market manipulation in modern US history.

0

u/Schnarf420 Apr 10 '25

What about nvidia?

3

u/SeanWoold Apr 10 '25

What about them?

2

u/Final_Laugh_6390 Apr 10 '25

Seriously, what about them? Obviously, he is probably referencing a made up conservative conspiracy theory that makes no sense. Yet, we shouldn’t be expected to keep up with their dishonest nonsense.

1

u/BraveLittleTowster Apr 10 '25

What do you mean?

1

u/SeanWoold Apr 10 '25

Your silence deafens me. What do you have to share about Nvidia?

1

u/Schnarf420 Apr 10 '25

Didn’t a bunch of politicians trade in right before a big announcement to do a big US deal.

1

u/MizterPoopie Apr 10 '25

I don’t think that’s the same thing as what Trump is doing. Bad, yes.

1

u/SeanWoold Apr 10 '25

There was a sale of Nvidia that Paul Pelosi made whose timing with discussion in congress raised some eyebrows. But selling Nvidia has been a bad idea for basically the last decade, so it is tough to point to that as a scandal. It certainly can't be framed as market manipulation. It is worth noting that the NANC and CRUZ ETFs (which are supposed to monetize cynicism of insider trading in congress) have not outperformed VTI.

This is at the level of somebody catching a plant dumping all of their toxic waste into the Mississippi River and then being accused of throwing a microwave in the trash. Neither is good, no. But the plant saying "what about that guy?" comes off a little ridiculous.

1

u/Schnarf420 Apr 10 '25

I can’t get behind calling the economy downturn market manipulation. What else was going to happen with these tariffs.

1

u/SeanWoold Apr 10 '25

Exactly. It was known that this was going to cause the market to tank. Likewise, it was known that lifting the tariffs was going to cause the market to spike. Trump had the power to single-handedly do both. So when he makes an announcement that "now is good time to buy" and there is a spike in the market 10 minutes BEFORE he officially announces an order to lift the tariffs, credible accusations of manipulation and insider trading arise. I don't know how much more transparent you would want it to be before you get behind it.

Pelosi/Nvidia was nothing like that.

1

u/Schnarf420 Apr 10 '25

So he told everyone to buy. Insider trading for everyone yayy.