- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
In what may be a first in American history, President Trump just expanded the presidential pardon power to include corporations.
Corporations are artificial legal fictions designed to maximize shareholder wealth. Nonetheless, they can theoretically commit crimes and be indicted for them. According to a 1999 memorandum from the Justice Department, the “important public benefits” of prosecuting corporations include “deterrence on a massive scale,” particularly for “crimes that carry with them a substantial risk of public harm,” such as “financial frauds.”
Such public benefits now fall prey to the whims of the president with his pardon of a cryptocurrency company that smacks of political corruption.
On Friday, Trump issued full and unconditional pardons to four individuals and a related cryptocurrency exchange, BitMEX.
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What the hell kind of country are we becoming. Without fears of consequences for ruining water and land, the environmental systems that support all life around the world are at risk. Regarding being pardoned for financial crimes, all Americans and anyone who interacts with the American financial system are at risk of losing everything. Becoming debtor slaves or serfs with hardly a dollar to their name.
This is called oligarchy, it’s been in the works building up since the days of Prescott Bush and the Business Plot.
I’m about tired of eating cake…
The cake is a lie.
Now this is the stuff that the founders would be furious over. What an abhorrent display of corruption.
This comment, or a comment like it has been on pretty much every piece of trump/maga/doge news, and has been valid every single time.
Yeah well this “admin” is pretty much the antithesis of the essence and intent of democratic American government, so I guess that tracks.
Wow, what an undemocratic shithole. I wonder if he’ll preemptively pardon any of his cabinet’s companies.
Well the supreme court says they are people so no surprise there. Corporations are people but people seeking to come to America are animals. I see you Republicans.
now we know who’s gonna be handling illicit payments and crypto transfers.
Makes me sick. I used to be so hopeful about America moving in the right direction.
Sadly, it’s moving in the “right” direction.
When was that?
Obama days.
Go ahead and shit on me that America did terrible things back then, I know. I still believed the democratic party was operating in good faith and we were working towards better things for the people…
Depends on the level. The more power they have, the worse they are
6 months ago :(
He is just so vile.
