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The Truth Report with Chauncey DeVega

84 EpisodesProduced by Chauncey DeVegaWebsite

The truth will set you free. Each week on "The Truth Report", Salon politics and culture writer Chauncey DeVega searches for personal, philosophical, empirical, and moral truth with New York Times best-selling authors, leading opinion makers and other experts on politics, history, social justice, th… read more

21:22

Ep. 37: Are Donald Trump and His Inner Circle Manipulating the Stock Market For Their Own Personal Gain?

William Cohan is a New York Times bestselling author of three books about finance and Wall Street which include, Money and Power: How Goldman Sachs Came to Rule the World and House of Cards: A Tale of Hubris and Wretched Excess on Wall Street. His most recent book is Why Wall Street Matters.

In a series of articles for Vanity Fair, William Cohan asserts that Donald Trump and his agents appear to be manipulating the stock market for their own personal financial and/or political gain.

Cohan believes that this alleged insider trading may involve hundreds of millions if not billions of dollars.

William Cohan shares his theory and evidence connecting political events such as Trump’s assassination of Iranian General Qasem Soleimani with the purchase of defense industry stocks and futures contracts – hours before said events took place. He also highlights how Trump’s deregulation of oversight and other protections would enable such a scheme and identifies the various people in Trump’s orbit who could facilitate alleged insider trading.

And Cohan explains how a culture of greed and megalomania common to Wall Street encourages and rewards insider trading and other likely illegal behavior.

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Music at the end of this week's episode of The Truth Report is by JC Brooks & the Uptown Sound. You can listen to some of their great music on Spotify.

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