• tsonfeir@lemm.ee
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    6 months ago

    Biden is responsible for my loss of money because I chose to invest in a stock that was clearly a money grab.

    —Republicans

    • tal@lemmy.today
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      6 months ago

      Biden is responsible for my loss of money

      considers

      I mean, strictly-speaking, the SEC is kind of responsible for protecting investors against scams.

      I don’t know whether Truth Social is actually breaking current SEC rules. But I also think that it’s fair to say that avoiding copycats in the future might be a good idea.

      • tsonfeir@lemm.ee
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        6 months ago

        No more than three commissioners may belong to the same political party. And none of them are “controlled” by the president.

        While the Democrats do have a 3 to 2 majority, I think it’s pretty safe to say that some of these people are corrupt as fuck.

        Additionally, I don’t think either of these political parties are going to pass sweeping regulations that makes the rich honest. So while both political parties may be financially corrupt, there is really only one political party that wants the world to suffer, and that’s not the party that Joe Biden belongs to.

        Edit: partY

    • GrymEdm@lemmy.world
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      6 months ago

      In a not-really-defense of their BS, by investing in DJT they’ve set up their net worth to get absolutely ruined during Biden’s 2nd term.

      • tsonfeir@lemm.ee
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        6 months ago

        It would be ruined in Trump’s second term too. No one with real money bought that lie. He’s just making the middle class poor.

        • GrymEdm@lemmy.world
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          6 months ago

          I’m trying to assume no 2nd Trump term for my mental health. Also I am, on the admitted basis of no special knowledge, worried that DJT stock is just a way for foreign money to get laundered and thus not subject to normal economics if he is reelected.

            • jkrtn@lemmy.ml
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              6 months ago

              Every SPAC is a scam. I learned my lesson well before this trash, which is obviously a pump-and-dump scam even independently of involving a SPAC. I would rather burn my money than give it to Donald anyway.