Just two days before launching an effort to slash red tape for commercial space transportation, Donald Trump last month purchased up to $5 million of bonds issued by SpaceX, a major federal contractor run by Elon Musk, according to ethics filings made public on Thursday.

The SpaceX bond buy was among 517 trades Trump made in August, transactions that spotlight conflict of interest concerns that have hovered over his presidency.

Beyond SpaceX debt, Trump purchased up to $25 million of Meta shares, up to $6 million of Microsoft stock and a smaller amount of Oracle shares, filings show.

  • Pratai@piefed.ca
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    5 days ago

    He doesn’t even care anymore because he knows no one has the balls to stop him.

    • Pratai@piefed.ca
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      5 days ago

      No one has the balls to do anything. When someone who has no morals or values is given a key to the kingdom, no one should be surprised when he turns it into his own personal toilet.

    • MBech@feddit.dk
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      5 days ago

      The thing is though, he’s not any more corrupt than your average politician, he just doesn’t care enough to try to hide it. He knows no one will do anything, because then they’ll be the next head on the chopping block, so why waste the effort?

      • Mantzy81@aussie.zone
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        5 days ago

        Is this the new media approach by GOP? “Both are shit, may as well vote GOP”.

        Because you’re incorrect. Yes, both are shit but other president didn’t use their power and inside knowledge to make themselves insanely wealthier. They made money, sure, but not to this extent. Stop normalising it or you’ll find it gets worse not better.

        • MBech@feddit.dk
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          5 days ago

          At no point did I say anything about “may as well vote GOP”. Just because both parties are insanely corrupt, doesn’t mean the GOP isn’t pure evil, while the democratic party is “just” greedy corrupt pieces of shit. The democratic party is still 10x better, but that doesn’t change the fact that they are bought just as much as the GOP.

          • Mantzy81@aussie.zone
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            5 days ago

            Equivalating both parties without the bit you just wrote is an example of a “both sides” argument.

            • MBech@feddit.dk
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              5 days ago

              And leading every criticism with a disclaimer gets tiresome and takes away from the main point. I’m not doing that. Stick with what I’m saying, and don’t try to conclude on anything I’m not.

              • Mantzy81@aussie.zone
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                5 days ago

                …then you’re not going to be very good at getting people to change their current position. What you’re saying is “both are bad”. That’s all. The thing most people will do if “both are bad” is follow the “better the devil you know” approach. Your “both are bad” approach without any disclaimer will only keeps things the same. You’re not even making a point - you’re “both sides”-ing. Or “what about” -ing.

                Yes, it’s tiresome. But important. If you don’t want to put in the work, don’t make it worse by half-assing your argument.

  • Mulligrubs@lemmy.world
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    5 days ago

    This is as blatant as corruption gets. They never hang a sign saying “Bribes Accepted”, they are never caught on camera accepting a bag full of cash and gold coins with a dollar sign on it.

    I think this became inevitable when Nixon was pardoned and it was deemed acceptable by the majority in the house. They should have impeached Ford and removed him from office immediately. Then Super PACs ensured that the now untouchable politician could be bought directly and legally without any worry of legal problems and no secrecy required.

    If congress can trade stocks, so can Trump, right? I don’t see how they can trade stocks and he can’t. So they won’t touch him, and they’ll pretend this never happened.

    Quid pro quo.

    • fodor@lemmy.zip
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      5 days ago

      Your claim about Congress is a weird mix of factual observations and future predictions. Let’s clarify… Right now there are few limits. But Congress could pass laws to create limits, and those could focus more (or evenly or less) on POTUS. In fact, focusing as much or more on POTUS makes the most sense, because he has the most power to abuse the system, as Trump has clearly shown us.

      I think we need a total ban on insider trading, or however you want to classify it. But more than anything, the president and his family should be forbidden from trading stocks.

      • Mulligrubs@lemmy.world
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        4 days ago

        They won’t ban the President and his family from trading stocks ever, because they themselves trade stocks now (as they have for decades), and they don’t want to stop trading stocks, and they write the rules.

        They don’t want to stop the President and his family from trading stocks, they don’t care. What will you do, vote third party? They are not concerned. (they may say otherwise because that’s their job, but they won’t actually pass a law)

  • bunnybunny@lemmy.zip
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    5 days ago

    It’s insane to me that a billionaire seems to think that he needs more money. And not just more money but that he needs rob other people in getting more money. It’s fucking sick. And people vote for this guy or accept when he cheats the election. In fucking sane