News for hackers. Stuff that matters.

A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by op00to on Monday March 13, 2023 @07:50AM (#35134370)
... and that trade will certainly be investigated. If the trade was not part of an existing trading plan, it's highly likely the CEO will have some very uncomfortable conversations.

How is selling stock tantamount to a government bailout?

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by eppp on Monday March 13, 2023 @08:07AM (#35134550)
Ill be glad to have an uncomfortable conversation for a few million dollars.
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by sidlls on Monday March 13, 2023 @09:01AM (#35135123)
The "uncomfortable conversation" can mean a conversation about breaking insider trading regulations, the penalties for which include huge fines and potentially jail time.
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by ModernMech on Monday March 13, 2023 @08:16AM (#35134655)
> the CEO will have some very uncomfortable conversations.

Oh no! Not uncomfortable conversations! Anything but that! Maybe it will be followed up with a strongly worded letter with an implied threat of a performative vote by Congress. How will they cope?! They might even have to show up at a gasp House committee hearing! shudders

Wake me when someone is convicted.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by op00to on Monday March 13, 2023 @08:24AM (#35134742)
So edgy. Let’s just bypass investigations and go directly into summary execution. Eat the rich!!!!!
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by sidlls on Monday March 13, 2023 @10:11AM (#35135938)
"Wake me when someone is convicted" isn't an "eat the rich" statement. The OPs point is that an "uncomfortable conversation" isn't a punishment for wrongdoing, such as insider trading.
[ Parent | on HN ]