#finance

Bonuses for Bankers, Bills for the Rest of Us

#finance

Bonuses for Bankers, Bills for the Rest of Us

Politicians love to lecture the rest of us about making sacrifices while bankers are out there cashing in bonuses big enough to make you question reality. These are the same bankers who, not too long ago, nearly wrecked the global economy and had to be bailed out with taxpayer money. And what do they get in return? A fat bonus, of course, for doing such a stellar job of not sinking the system again this year. It’s like rewarding someone for not setting fire to your house after they just got out of rehab for arson. Meanwhile, the rest of us are trying to figure out how to afford rent, but hey, at least the bankers' yachts are looking good.

Trump Officials Accused of Insider Trading Amid Tariffs Turmoil: Liberal Pundit Makes Shocking On-Air Claim

Liberal pundit Andrew Ross Sorkin suggested on-air that Trump officials may have cashed in on the stock market plunge caused by his tariffs announcement, possibly engaging in insider trading or shorting the market. He asked Securities and Exchange Commission acting chairman Mark Uyeda what the SEC's responsibility would be if such behavior occurred, with Uyeda vowing to enforce the law regardless of who was involved. Sorkin then asked whether the same rules would apply to government officials with advanced knowledge of Trump's tariff plans, prompting further discussion on the topic.

Global Markets Plummet as Trump's Tariffs Spark Fears of Worldwide Recession

Global financial markets plunged on Monday following US President Donald Trump’s tariffs on imports, sparking fears of a worldwide recession. The Nikkei 225 index in Japan fell 7.8%, while Hong Kong shares plummeted more than 13% in their worst day since the 1997 Asian financial crisis. Other major indexes also suffered significant losses, including Singapore's benchmark index, which dropped 6.8%, South Korea's Kospi, which lost 4.4%, and Australia's S&P/ASX 200, which fell more than six%. European stock futures also pointed to further losses, with Trump refusing to lift the tariffs unless foreign governments pay "a lot of money".

Recession Odds Soar: Trump Tariffs Trigger 'Black Monday' Fears, 62% Chance of Economic Downturn

According to Polymarket, the odds of the US plunging into recession this year have spiked to 62% due to President Trump’s latest round of international tariffs. The odds rose from 39% to 49% after the tariff announcement on April 2 and reached a high of 66% on Sunday, indicating a two-thirds chance of an impending recession. The market fears are reminiscent of "Black Monday" in 1987, with investors bracing for another major sell-off.

Trump's Tariffs Trigger 'Orange Monday' as Stocks Plummet and Conservative Icon Dave Portnoy Loses $20M

Conservative icon Dave Portnoy ranted against Donald Trump on a live stream, saying he lost $20 million since trade obstacles were announced and referred to it as "Orange Monday" due to Trump's complexion. He criticized Trump's decision, which he claimed crashed the stock market, and brought up how Trump bragged about his golf game over the weekend.

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