I thought the market was run by the invisible hand. How could people manipulate the market? I don't understand

  • Vayeate [they/them]
    ·
    4 years ago

    Unironically this. Insider trading is only illegal if you are a first hand party to the information. If your friend who's an executive at Google tells you juicy info to trade on, it's illegal if they can prove he told you stuff (impossible unless you're an idiot) but otherwise it's completely illegal. It's also completely legal if you just happen to find out insider info, e.g. you overhear executives eating lunch and they say something.

    • aaaaaaadjsf [he/him, comrade/them]
      ·
      4 years ago

      Who said I was being ironic? Also there are sitting members of the US Congress oviously guilty of insider trading but nothing was done to them

      • Vayeate [they/them]
        ·
        4 years ago

        It wasn't an accusation, maybe "Seriously" or "Literally" would have been a better choice.