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Couldn't that be said of stock markets and any markets? United Healthcare stock dropped 10% immediately after its CEO was killed.
by pants2 7mo ago
Couldn't that be said of stock markets and any markets?
United Healthcare stock dropped 10% immediately after its CEO was killed.
- cowpig 7mo agoWell, there are laws against insider trading.
- mcmcmc 7mo agoPrediction markets advertise insider trading as a feature, and enforcement of financial crimes is a racket anyway. If you know the right people, make the right campaign contributions, laws just don't apply to you.
- cowpig 7mo agothis kind of cynicism is malignant
- chii 7mo agobut you don't deny there's some element of truth to it tho?
- mcmcmc 7mo agoSee I would say the malignant part is the systems and people in power who enable and profit from corruption.
- cowpig 7mo agoThe statement that "this is how it works, it's completely corrupt" is what enables the corruption. It is only through the collective demand that systems serve us that they can be aligned. If you believe that the system is corrupt then your decisionmaking function will conclude that taking action to demand systems serve you is useless. But it's only useless if we collectively believe it is useless. This is what I mean when I say that cynicism is malignant. The more people believe it, the more true it is.
- mcmcmc 7mo ago[dead]
- ant6n 7mo agoWait, is the shooter in “insider” in this case?
- kqr 7mo agoIs shorting a company and then murdering its CEO considered insider trading in your jurisdiction?
- bombcar 7mo agoThat wouldn't be insider trading; in fact unless the CEO's death was known to insiders, it almost by definition couldn't be insider trading. It could be other types of fraud, however.
- pixl97 7mo agoYes, and sounds like a great way to get RICO conspiracy to commit murder added to your charges just for trading on it.