The MSNBC panel suggested that the Securities and Exchange Commission (SEC) should start a legal campaign against Trump due to the surge in the stock value of his 'Truth Social' app, as the Biden administration's politicization of the justice system to hinder Trump's 2024 presidential run has faced obstacles.
Trump’s “Truth Social” app became publicly traded on March 25, and its value peaked at $13 billion, as reported by the Financial Times. However, the stock's value dropped by $4 billion by Tuesday, according to CBS News.
Still, MSNBC expressed frustration that the current legal campaign against Trump has not been productive and suggested that the SEC should investigate to undermine the former president.
CNBC’s Andrew Ross Sorkin mentioned, “The company's revenue is only $4 million, yet its valuation is in the billions, which suggests possible stock manipulation to benefit the former president.”
MSNBC’s Stephanie Ruhle claimed that the stock surge was driven by 'Wall Street Bets' and Trump loyalists, potentially serving as an unregulated source of political donations. This led people to question the SEC's inaction.
Sorkin alleged that the stock surge was a form of manipulation to influence the election outcome by channeling money to the president.
Sorkin continued, questioning why no action has been taken to address the situation, hinting at a push to politicize the SEC to target Trump.
The panel discussion seemed to aim at encouraging the SEC to target Trump, as indicated by Sorkin's suggestion that the Truth Social stock could impact the election outcome.
Leftists Bragged About ‘Fortifying’ The 2020 Election. Now They’re Flaunting Plans To Do It Again In 2024]
Democrats and corporate media have celebrated the legal campaign against the former president. While Trump is tied up in courtrooms, President Joe Biden can focus on the campaign trail. This highlights how the Democrats' use of the justice system against an opponent constitutes election interference, regardless of the legal outcomes. sitting in courtrooms, President Joe Biden gets to hit the campaign trail — a poignant reminder that Democrats’ strategy to use the justice system to fend off an opponent is election interference regardless of how the prosecutions turn out.
But it’s not just time off the campaign trail hindering Trump’s ability to run a fair campaign. The former president was burdened with a very high bond to challenge a decision that found him responsible for inflating his net worth to obtain loans even though there were no victims and the loan providers were completely satisfied with their collaboration. The case was brought by New York Attorney General Letitia James who campaigned on using lawfare to focus on Trump and labeled him an “illegitimate president.”
Biden has even attempted to ridicule Trump for being the victim of legal action promoted by the DOJ under Merrick Garland, telling voters that, amid an uncertain economy, Trump is suffering from “crushing debt” alongside them.
