Of course it is the Democrats asking for an investigation. From WSJ on 8/10:
"Last week, senior Democratic lawmakers urged the U.S. Securities and Exchange Commission to investigate whether potential insider trading laws had been broken, citing the timing and scope of the trades made by the company and its executives before the deal’s public announcement.
Kodak shares, which jumped 25% the day before (July 27) the Trump administration’s $765 million loan was made public, skyrocketed by more than 2,000% in the two days after the loan was announced, generating massive profits for Kodak’s executives, some of whom, including the company’s CEO Jim Continenza, had received stock options one day before the loan’s announcement."
I have to wonder, what exactly are they supposed to do? Run their company, get a dope ass deal, then just lose money by not doing anything? Am I just an idiot here?
Of course it is the Democrats asking for an investigation. From WSJ on 8/10:
"Last week, senior Democratic lawmakers urged the U.S. Securities and Exchange Commission to investigate whether potential insider trading laws had been broken, citing the timing and scope of the trades made by the company and its executives before the deal’s public announcement.
Kodak shares, which jumped 25% the day before (July 27) the Trump administration’s $765 million loan was made public, skyrocketed by more than 2,000% in the two days after the loan was announced, generating massive profits for Kodak’s executives, some of whom, including the company’s CEO Jim Continenza, had received stock options one day before the loan’s announcement."
I have to wonder, what exactly are they supposed to do? Run their company, get a dope ass deal, then just lose money by not doing anything? Am I just an idiot here?