this post was submitted on 17 Nov 2025
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[–] 5C5C5C@programming.dev 66 points 1 day ago (7 children)

I imagine this should count as illegal stock market manipulation, but the government would be too toothless to prosecute it.

[–] yakko@feddit.uk 17 points 1 day ago

The word is regulatory capture, and the game is upwards wealth transfer.

[–] Passerby6497@lemmy.world 11 points 23 hours ago

I imagine this should count as illegal stock market manipulation, but the government would be too in on the scam to prosecute it.

FTFY

[–] excursion22@piefed.ca 5 points 23 hours ago

This is the government's favourite sport. What do you think all the tariff announcements and later withdrawals are doing?

[–] BarneyPiccolo@lemmy.today 5 points 23 hours ago

The MAGA government will get in on it. Trump will probably make some kind of ridiculous statement to kick off the plunge, so they can all profit on the slide, and rebuy at the bottom, and recycle the bubble.

[–] Atherel@lemmy.dbzer0.com 4 points 1 day ago

The government did it itself just way bigger.

[–] baggachipz@sh.itjust.works 3 points 1 day ago

They’d probably encourage it

[–] aeternum@lemmy.blahaj.zone 2 points 1 day ago

lol. prosecuting one of the in crowd? They're not toothless (in this case at least), they're just protecting one of their own.