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Kash Patel Took Up to $5M in Stock from Chinese Ecommerce Giant Shein

• deleted 2y ago
  [deleted]
• Jtsummers 2y ago
  https://news.ycombinator.com/item?id=42977648 https://news.ycombinator.com/item?id=42977648 So Kash Patel is invested in a company that was impacted by the tariffs, and then the tariffs as they relate to that and similar companies are dropped.
  • notfed 2y ago
    That's called insider trading.
    • Jtsummers 2y ago
      It's not though. He was already invested, Trump attempts to close the de minimis exemptions, Trump walks back closing the exemptions. If he'd invested just before the walk back occurred that could have been insider trading but he appears to have had this investment for a while. What it demonstrates instead is that Trump's foreign policy is, potentially, beholden to the investments of his staff. Which might be worse. I'd rather someone make a few million on insider trading than have us flip-flop on policy decisions because someone happened to be invested in an impacted company.