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cross-posted from: https://reddthat.com/post/64846557

(Bloomberg) – The pitch was straightforward: Invest in the cryptocurrency venture of Donald Trump and his family, back the industry’s most powerful ally at the peak of their influence, and share the spoils.

What is unfolding has no precedent in American financial life. A sitting president’s family holds financial stakes in a live token project — one setting governance rules, directing treasury sales, collecting proceeds — while the people who signed up find themselves with limited options to exit.

  • MasterBlaster@lemmy.worldEnglish
    16·
    11 hours ago

    This is one time I feel those suckers deserve it.

    Now, let’s see if there will be any consequences for the Trumps. I’m not holding my breath.

    • Tar_Alcaran@sh.itjust.worksEnglish
      2·
      3 hours ago

      This is one time I feel those suckers deserve it.

      My glee for seeing morons lose is heavily tempered by my annoyance at seeing assholes win.

    • gravitas_deficiency@sh.itjust.worksEnglish
      5·
      10 hours ago

      One time…? Really?

      I feel that those suckers deserve every little scintilla of the footgun/face-eating leopard experience. It’s abundantly clear that they will refuse to give a shit until and unless they’re directly harmed by the shit they thought was awesome.and even then, it’s not a sure thing, because many of those fucking imbeciles experienced the first stint, though “hell yeah that’s awesome”, and went in for seconds. They need to learn by experiencing, and they richly deserve to experience being fucked mercilessly by the regime.

  • X@piefed.worldEnglish
    6·
    10 hours ago

    If the trackers are to be believed, the shit looks like it’s lost about 76% of its initial value. From 33 to 5 cents.