This is smart politics AND good governance:
2020 presidential candidate Sen. Elizabeth Warren (D-MA) is calling on financial regulatory agencies to investigate whether President Donald Trump broke the law when he told associates and attendees of his Mar-a-Lago club to expect something “big” in response to Iran’s killing of an American contractor in Iraq…
Now, Senator Warren is calling on the Securities and Exchange Commission and the Commodities Futures Trading Commission to determine “whether there may have been any illegal trading in defense company stocks or commodities related to individuals’ advance knowledge,” according to the letter Warren sent to the agencies, which cites The Daily Beast’s reporting. Warren also asks the agencies for a briefing on the matter no later than Feb. 13.
“Individuals who were guests at President Trump’s resort may have obtained confidential market-moving information,” the letter says. “These private individuals … would have had the opportunity to obtain significant profits simply by being guests or members at President Trump’s private resort.”
Warren’s letter notes that several contractor’s stock prices jumped following the assasination of Soleimani. Northrop Grumman stock prices increased by over 5 percent and Lockheed Martin’s stock prices increased by 3.6 percent, according to the letter.
My guess is one of the highlights of the presidency for Trump is the opportunity to strut around Disgraceland and lord it over the assembled bigwigs, whose membership fees he doubled after the EC win. I’m just as certain those people consider the fee an investment.
They might even be stupid and arrogant enough to not cover their tracks — look how brazen that crook Chris Collins was — the first sitting member of Congress to endorse Trump. In any case, they won’t relish the attention.
The idea that our society is a meritocracy was a sick joke from day one, but the absurdity of the notion has snowballed in the Trump era. That’s a reason for despair, but it’s also an opportunity to say we’re not putting up with this bullshit anymore and start taking the necessary actions to turn things around.
We’ll likely never have as vivid an embodiment of the problem as the sack of gold-plated goo currently occupying the Oval Office and his entourage of nepotism hires, grifters and suck-ups. That makes this the ideal time to tackle a problem that has been undermining our society for decades — before it’s too late.