Lee Zeldin, the head of the Environmental Protection Agency, was asked during an appearance on Fox about the allegations that Donald Trump intentionally crashed the stock market so that he and his wealthy friends could buy stocks at dirt cheap prices. Rather than dismissing the theory, Zeldin actually embraced it and said that this was “something to be encouraged” and definitely “not something to investigate.” Ring of Fire’s Farron Cousins explains what happened.
 
Link – https://www.rawstory.com/tariff-insider-trading/

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

After markets went soaring on Wednesday following Donald Trump's 90 day pause on some of the tariffs he had put in place just a week before allegations immediately arose that Donald Trump had engaged in some form of insider trading. Now this has actually made worse given the fact that earlier in the week, Donald Trump on truth social shared a video from another user that claimed that Donald Trump had actually tanked the stock market intentionally. Not to mention the fact that early Wednesday morning before the pause on the tariffs, Donald Trump got on truth social and said, this is a great time to buy.

And then few hours later he pauses the tariffs stock market goes back up seven percentage points. So a lot of people seem to think that Donald Trump did manipulate the market so that either he or his wealthy friends or you know the millionaires and billionaires could scoop up all these stocks that had lower prices and then Trump could artificially reinflate the market. Making a lot of people a lot of money very quickly seems very plausible. Adam Schiff had this to say about it, I'm writing to the White House to demand who knew in advance that the president was going to once again flip flop on tariffs and our people cashing in. There is just all too much opportunity for people in the White House and the administration to be inside of trading.

So after Adam Schiff's comments that again make a lot of sense, like the timeline kind of lends itself to that, especially with Trump's, I'm intentionally tanking the market video. Great time to buy really smacks of insider trading. So Fox News host Maria Bar Romo decides to bring on a Trump cabinet member to talk about this issue and for some reason she decided to bring on the EPA administrator Lee Elden. 'cause you know, when you want to get to the heart of insider trading, you go to the EPA. Sure, why not? Right? Nothing makes sense. Anyway, so let's just keep doing stupid things. Um, so she asks Lee Zelin quote, your reaction to Adam Schiff coming up with this new claim now. And Lee den again, the EPA administrator, not, not involved in, you know, stock trading, the S-E-C-D-O-J, none of that, just EPA. He didn't miss a beat when he responded by saying quote, president Trump has a very good team around him working on trade policy. First of all, no he doesn't. He has a team working around him that had to create a fictitious expert to justify the tariffs, right? That's what Peter Navarro

Did. That's not a great team. And there are a lot of countries that are working out to the us. We're reaching out to the White House, reaching out to President Trump wanting to talk and enter good deals. President Trump should be working with his team. That's not something to investigate, something to encourage. We're talking about potential insider trading here, bud. The fact that Donald Trump knows based on experience, just this year when he introduces new tariffs, the stock market goes down. When he pauses those tariffs, the stock market goes up. Even before that happened this last week, we had already seen it happen two or three times previously since January 20th. So we can recognize the pattern. We knew this is how things work now, Trump knew it. So when he announced his tariffs on the so-called liberation day last Wednesday, stock market tanks for four straight days.

He goes out there Wednesday morning, says Great time to buy. And just hours later pauses, tariffs, stock market goes up. I don't know, man. I think if you were to put that in front of a jury for somebody on trial for insider trading, I think you're gonna get a conviction and know Mr. Zelin, for the record.