The bigger concern is that as soon as Trump’s DJT stock lockup comes off, (either next week because insiders have enough board seats to let him sell early or in 6 months like a normal IPO), any of his billionaire buddies can buy enough stock to drive the price back up as Trump cashes out, turning their stock purchase into a work-around f…
The bigger concern is that as soon as Trump’s DJT stock lockup comes off, (either next week because insiders have enough board seats to let him sell early or in 6 months like a normal IPO), any of his billionaire buddies can buy enough stock to drive the price back up as Trump cashes out, turning their stock purchase into a work-around for campaign contribution limits. Normally, when an insider like Trump cashes out, that is a sign that they know something the rest of the outside shareholders don’t and is a sign the stock has peaked (because why would an insider sell in a trough?) and it is time for widows and orphans to get out. In this case, since contemplated Trump “campaign contributions” are a sunk cost for his wealthy supporters, they would probably rather give it to his in this scheme, because at least then they can take a short-term capital loss tax deduction when the stock inevitably crashes. I don’t know if Trump is an idiot savant or a genius (nope), but it seems like a pretty bulletproof way to get around campaign finance, bribery and 10 other kinds of laws. I wouldn’t be surprised to watch sovereign wealth funds (disguised as off-shore entities, natch) from Russia and Saudi Arabia take large positions in coordination with Trump getting out and covering his huge liabilities.
The bigger concern is that as soon as Trump’s DJT stock lockup comes off, (either next week because insiders have enough board seats to let him sell early or in 6 months like a normal IPO), any of his billionaire buddies can buy enough stock to drive the price back up as Trump cashes out, turning their stock purchase into a work-around for campaign contribution limits. Normally, when an insider like Trump cashes out, that is a sign that they know something the rest of the outside shareholders don’t and is a sign the stock has peaked (because why would an insider sell in a trough?) and it is time for widows and orphans to get out. In this case, since contemplated Trump “campaign contributions” are a sunk cost for his wealthy supporters, they would probably rather give it to his in this scheme, because at least then they can take a short-term capital loss tax deduction when the stock inevitably crashes. I don’t know if Trump is an idiot savant or a genius (nope), but it seems like a pretty bulletproof way to get around campaign finance, bribery and 10 other kinds of laws. I wouldn’t be surprised to watch sovereign wealth funds (disguised as off-shore entities, natch) from Russia and Saudi Arabia take large positions in coordination with Trump getting out and covering his huge liabilities.