Trump makes history by pardoning a corporation

a year ago by MHLoppy to c/nottheonion

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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.

courageousstep 124 points a year ago

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.

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RaoulDook 67 points a year ago

This is called oligarchy, it's been in the works building up since the days of Prescott Bush and the Business Plot.

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FauxLiving 2 points a year ago

I'm about tired of eating cake...

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middlemanSI 2 points a year ago

The cake is a lie.

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crusa187 76 points a year ago

Now this is the stuff that the founders would be furious over. What an abhorrent display of corruption.

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Tarquinn2049 23 points a year ago

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.

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crusa187 8 points a year ago

Yeah well this “admin” is pretty much the antithesis of the essence and intent of democratic American government, so I guess that tracks.

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gonzo-rand19 48 points a year ago

Wow, what an undemocratic shithole. I wonder if he'll preemptively pardon any of his cabinet's companies.

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MyOpinion 35 points a year ago

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.

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gibmiser 25 points a year ago

Makes me sick. I used to be so hopeful about America moving in the right direction.

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gargolito 16 points a year ago

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NKBTN 4 points a year ago

When was that?

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gibmiser 12 points a year ago

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...

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NKBTN 1 point a year ago

Depends on the level. The more power they have, the worse they are

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Zoomboingding 1 point a year ago

6 months ago :(

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adarza 18 points a year ago

now we know who's gonna be handling illicit payments and crypto transfers.

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ef9357 16 points a year ago

He is just so vile.

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Welcome

We're not The Onion! Not affiliated with them in any way! Not operated by them in any way! All the news here is real!

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Posts must be:

Links to news stories from...
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Please also avoid duplicates.

Comments and post content must abide by the server rules for Lemmy.world and generally abstain from trollish, bigoted, ableist, or otherwise disruptive behavior that makes this community less fun for everyone.

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