Ed Elson
👤 SpeakerAppearances Over Time
Podcast Appearances
I'm sure we're going to see a lot more head.
You have to redo your monologue again.
Steve Eisman, host of The Real Eisman Playbook.
Steve, always appreciate it.
Thank you.
Thank you.
Thanks for having me.
Well, we've already discussed the insider trading scandal as it relates to Trump and Iran, the fact that $2 billion worth of oil and S&P futures were traded 15 minutes before Trump announced he was in talks with Iran, and the fact that we likely won't see any retribution because Trump has essentially gutted the SEC, the agency whose job it is to go after these crimes.
We've discussed all of this.
But I think we should also just take a moment to put this specific insider trading scandal into context and acknowledge the fact that actually this isn't the only one we've seen.
No, we have seen plenty of other insider trading scandals during this administration, which Anthony correctly highlighted.
But each time it happens, and after we've expressed a little bit of outrage, we seem to forget about it.
And then we just move on to the next thing.
So let me just remind you of a few of those scandals.
Let's start with the tariffs, for example.
Most of us were busy worrying about how bad the tariffs would be for the economy and for inflation and for trade relationships.
And indeed, we were right.
What we forgot about, though,
was the fact that millions of dollars were likely being made by insiders who already knew what Trump's tariff policy was going to be.
For example, more than a dozen government officials and congressional aides made big stock market trades before Trump came out with his first Liberation Day announcement.