Sanrith Descartes
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Investing General Discussion
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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Sanrith Descartes
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Tmac
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Burns
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Insider trading flags.
Atlanta Fed President Discloses Violations of Financial Transaction Policies
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, said Friday he had improperly disclosed financial transactions covering his five years leading the bank because he incorrectly interpreted policies governing personal investments.
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Sanrith Descartes
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He deserves to go to prison. If you or I did it, we would most assuredly end up in jail.
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Furry
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He’s just the chair of the Atlanta fed. And giving how we’ve handled this crises so far, I’d believe him if he said he didn’t know anything about his job, finance law or banking rules. Just an innocent little mistake.
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Fogel
Mr. Poopybutthole
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I also absolutely believe this asshole had no idea what he was doing. His team of lawyers and accountants on the other hand...
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I am in the camp of not enough info yet on this one. 150 trades could be huge moves or small ones. The last fed scandal had clear intent to use their positions for profit in a way they knew was unfair and illegal. We don’t know that yet here.
ToeMissile
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A person should probably not be in a position like that if they don’t understand that the market is directly affected in a short time frame by the publication of their decisions.
He should resign or be fired. Both are of course unlikely
He should resign or be fired. Both are of course unlikely
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Sanrith Descartes
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He traded during rhe blackout period for years. There is zero way him or his broker dont know this. Also 5 years of fucked up disclosures.
No accidents.
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ToeMissile
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Sanrith Descartes
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Im sure all the shit he has been selling at the bottom he was saying to buy for the last 6 months.
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Sanrith Descartes
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Nikola founder Trevor Milton convicted of defrauding investors in e-truck startup
Nikola (NKLA) founder Trevor Milton was found guilty of three counts of criminal fraud on Friday in a case accusing him of spreading lies about the electric truck startup for his own personal benefit.
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Sanrith Descartes
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Tmac
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Sanrith Descartes
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lol its been an impending Yen collapse for years. Last year or two have been especially fucked. They dont have any real options. The dollar strength right now is just an ass-fucking for almost everyone except Russia.
Mist
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Isn't Russia selling bonds at like 20% interest?
That's not really sustainable either.