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Ed Elson

👤 Speaker
6546 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

I'm sure we're going to see a lot more head.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

You have to redo your monologue again.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

Steve Eisman, host of The Real Eisman Playbook.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

Steve, always appreciate it.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

Thank you.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

Thank you.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

Thanks for having me.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

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.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

We've discussed all of this.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

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.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

No, we have seen plenty of other insider trading scandals during this administration, which Anthony correctly highlighted.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

But each time it happens, and after we've expressed a little bit of outrage, we seem to forget about it.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

And then we just move on to the next thing.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

So let me just remind you of a few of those scandals.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

Let's start with the tariffs, for example.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

Most of us were busy worrying about how bad the tariffs would be for the economy and for inflation and for trade relationships.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

And indeed, we were right.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

What we forgot about, though,

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

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.

Prof G Markets
The $1.5B Insider Trade Before Trump’s Iran Post — ft. Anthony Scaramucci

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.