Now that the liberal media has apparently hit a dry hole in its effort to make a collusion case against President Trump, the MSM is going to have to get more creative in accusing him of other misdeeds. Joe Scarborough has come up with an innovative idea: charge President Trump with market manipulation for talking down Amazon’s stock price.

On today’s Morning Joe, Scarborough said that President Trump:

“lies about [Amazon], causes its stock to go down. I’ve watched enough episodes of Billions to know that if you’ve spread lies about a company or product to cause its stock prices to go down . . . the SEC should be coming after you.”

Scarborough was presumably referring to SEC rules that prohibit the manipulation of stock prices by “spreading false or misleading information about a company.” People engaging in manipulation “are subject to various civil and criminal sanctions.”

Two assertions that President Trump has made against Amazon are that it uses the Washington Post, owned by Amazon CEO Jeff Bezos, as a lobbying arm, and that Amazon benefits from a sweetheart deal with the Post Office for delivering packages.

Here’s an article from Politico of all places making the case that Trump is right about “the Amazon Washington Post.” And here’s another article indicating that Amazon does indeed have a “sweetheart deal” with the Post Office on package delivery.

Seems that even if Scarborough’s wish were granted and the SEC “came after” Trump, the Commission would have a tough time making its case against him.

Scarborough: SEC Should be “Coming After” Trump for Talking Down Amazon Stock
Tagged on: