Posted by DigiNomad on 22nd of Mar 2024 at 11:07 am
Anyone cheering on the lawfare he's been experiencing isn't
thinking through what it's going to be like when the shoe is on the
other foot. Power always shifts back and forth and many have been
openly cheering this on because they hate the man, but the
precedent it's setting will come back to bite...probably all of
us.
Posted by mastermind on 22nd of Mar 2024 at 01:04 pm
I think Trump has brought a lot of his troubles on
himself, but this civil judgment is clearly excessive (which has
long been true with lawsuits against big corporations).
Posted by DigiNomad on 22nd of Mar 2024 at 01:16 pm
He would barely make it into IWM, much less be considered a big
corporation. The judgement is probably 50% of his net worth
and not much of that is liquid (I think we all know part of his
brand management involves saying he's worth more than he actually
is). They haven't figured out penalties high enough to punish
large corporations like AAPL, GOOG and MSFT. They simply budget for
it and easily absorb what we consider massive judgements - it's
part of their business plan.
Posted by DigiNomad on 22nd of Mar 2024 at 01:09 pm
It grossly exceeds the amount needed to indemnify the
victim...but it gets better...there doesn't appear to be a victim.
It's a circus and a witch hunt wrapped into a soup
sandwich.
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VWAP - didn't tag the
SPX - looks like maybe we're going back to the ...
Posted by DigiNomad on 22nd of Mar 2024 at 11:04 am
VWAP - didn't tag the VWAP and bounce until 0700 EST...I thought it would happen 3 hours earlier. Now sitting slightly below but looking bouncy.
Anyone cheering on the lawfare
Posted by DigiNomad on 22nd of Mar 2024 at 11:07 am
Anyone cheering on the lawfare he's been experiencing isn't thinking through what it's going to be like when the shoe is on the other foot. Power always shifts back and forth and many have been openly cheering this on because they hate the man, but the precedent it's setting will come back to bite...probably all of us.
I think Trump has brought
Posted by mastermind on 22nd of Mar 2024 at 01:04 pm
I think Trump has brought a lot of his troubles on himself, but this civil judgment is clearly excessive (which has long been true with lawsuits against big corporations).
He would barely make it
Posted by DigiNomad on 22nd of Mar 2024 at 01:16 pm
He would barely make it into IWM, much less be considered a big corporation. The judgement is probably 50% of his net worth and not much of that is liquid (I think we all know part of his brand management involves saying he's worth more than he actually is). They haven't figured out penalties high enough to punish large corporations like AAPL, GOOG and MSFT. They simply budget for it and easily absorb what we consider massive judgements - it's part of their business plan.
I am not worried about
Posted by hitdmark on 22nd of Mar 2024 at 01:24 pm
I am not worried about it the Saudis as always will bail him out
It grossly exceeds the amount
Posted by DigiNomad on 22nd of Mar 2024 at 01:09 pm
It grossly exceeds the amount needed to indemnify the victim...but it gets better...there doesn't appear to be a victim. It's a circus and a witch hunt wrapped into a soup sandwich.