Trump shifted campaign donor funds into his heavily indebted private business after election loss

[Frederick Foresight]

Was there any doubt?

https://www.businessinsider.com/tru...-into-indebted-private-business-forbes-2021-2

Former President Donald Trump has shifted money from campaign donors into his personal businesses, Forbes reported.

• Former President Donald Trump has shifted money raised from campaign donors into the Trump Organization.
• The organization is heavily indebted, reportedly owing around $400 million.
• Campaign donor money was moved both before and after Trump's election loss, reported Forbes.

Former President Donald Trump has shifted money raised from campaign donors into the Trump Organization, according to documents from the Federal Election Committee (FEC) seen by Forbes.

He moved around $2.8 million into his private businesses throughout the duration of his presidency, Forbes's Dan Alexander reported.

Trump funneled an additional $81,000 into the Trump Organization after his election loss, the magazine said.

The payments were made public in the filings the campaign submitted to the FEC and were liest to cover costs including rent, airfare, lodging, and other expenses.

One of the campaign's joint-fundraising committees, associated with the Republican Party, also moved an estimated $4.3 million of donor money into his private business during his presidential term, according to Forbes.

The joint-fundraising committee also paid around $300,000 towards Trump's hotel chain in the week following the former president's election loss, the Independent reported.

Around $40,000 was handed over from the campaign to Trump Tower Commercial LLC, a company which the former president owns a stake in, in December, the paper said.

This isn't the first time it has been reported that Trump transferred campaign money to his private businesses.

In July, The Washington Post's David Fahrenthold reported that Trump's campaign sent nearly $400,000 to the Trump Organization in just two days.

Documents showed that the campaign channeled $380,000 to the president's personal business in 43 transactions, Fahrenthold said.

This comes when the former president is said to be looking for ways to cash in on his post-presidency to address potentially huge debt.

The Trump Organization owes $400 million, according to Forbes.

 

[Ricter]

Was there any doubt?

https://www.businessinsider.com/tru...-into-indebted-private-business-forbes-2021-2

Former President Donald Trump has shifted money from campaign donors into his personal businesses, Forbes reported.

• Former President Donald Trump has shifted money raised from campaign donors into the Trump Organization.
• The organization is heavily indebted, reportedly owing around $400 million.
• Campaign donor money was moved both before and after Trump's election loss, reported Forbes.

Former President Donald Trump has shifted money raised from campaign donors into the Trump Organization, according to documents from the Federal Election Committee (FEC) seen by Forbes.

He moved around $2.8 million into his private businesses throughout the duration of his presidency, Forbes's Dan Alexander reported.

Trump funneled an additional $81,000 into the Trump Organization after his election loss, the magazine said.

The payments were made public in the filings the campaign submitted to the FEC and were liest to cover costs including rent, airfare, lodging, and other expenses.

One of the campaign's joint-fundraising committees, associated with the Republican Party, also moved an estimated $4.3 million of donor money into his private business during his presidential term, according to Forbes.

The joint-fundraising committee also paid around $300,000 towards Trump's hotel chain in the week following the former president's election loss, the Independent reported.

Around $40,000 was handed over from the campaign to Trump Tower Commercial LLC, a company which the former president owns a stake in, in December, the paper said.

This isn't the first time it has been reported that Trump transferred campaign money to his private businesses.

In July, The Washington Post's David Fahrenthold reported that Trump's campaign sent nearly $400,000 to the Trump Organization in just two days.

Documents showed that the campaign channeled $380,000 to the president's personal business in 43 transactions, Fahrenthold said.

This comes when the former president is said to be looking for ways to cash in on his post-presidency to address potentially huge debt.

The Trump Organization owes $400 million, according to Forbes.

Pretty desperate and pathetic when one considers the size of the thefts against the size of the debts. Let's up that cheating game, Donald.

 

[Frederick Foresight]

Pretty desperate and pathetic when one considers the size of the thefts against the size of the debts. Let's up that cheating game, Donald.

Cheaters gonna cheat.

 

[CaptainObvious]

And I suppose Trump is the very first politician to steal from campaign contributions? We'd be here all f'n day and still wouldn't cover the number of people who stole campaign money. In fact I would argue that nearly 100 percent of them do it to one degree or another. Yes, there is a moral equivalent between parties when discussing the topic of corruption in politics. Indisputable.

 

[Cuddles]

And I suppose Trump is the very first politician to steal from campaign contributions? We'd be here all f'n day and still wouldn't cover the number of people who stole campaign money. In fact I would argue that nearly 100 percent of them do it to one degree or another. Yes, there is a moral equivalent between parties when discussing the topic of corruption in politics. Indisputable.

but whatabout the whatabouts?

 

[ph1l]

Cheaters gonna cheat.

The right way to cheat is to make it legal for the privileged.
https://newrepublic.com/article/161173/might-good-time-democrats-congress-stop-trading-stocks

This Might Be a Good Time for Democrats in Congress to Stop Trading Stocks
It should be illegal. Even if it isn’t, it’s politically stupid.

WIN MCNAMEE/GETTY IMAGES
As GameStop’s share price seized the internet’s attention this week, another set of news stories about the stock market went all but unnoticed. Senator Dianne Feinstein, according to a report published by Business Insider, acknowledged that she had failed to disclose a major stock purchase that her husband had made, as she is required to do by law. And either Nancy Pelosi (or her husband) spent at least half a million dollars investing in the electric vehicle manufacturer Tesla in late December—weeks before President Joe Biden would pledge to convert the entire federal government fleet to electric vehicles.

In isolation, these revelations are small potatoes. Even without inside information, anyone could have predicted that an incoming Democratic government would be good news for electric car manufacturers. But these stories shouldn’t be looked at in isolation. They are part of a pattern of wealthy politicians being too greedy to stop themselves from playing in the markets, even though it’s terrible politics and almost inherently unethical.

Members of Congress, because of the nature of their jobs, have more inside information about markets than almost anyone else in America, except perhaps the executives of publicly traded corporations. And yet our elected officials trade hundreds of millions of dollars worth of stock every year. As a result, congressional insider trading scandals bubble up regularly—more regularly, probably, since the passage of the 2012 law that forces members to disclose large stock trades. It is impossible to avoid the appearance of corrupt self-dealing if the people responsible for oversight of the economy, and for creating the laws that govern how the economy operates, are also allowed to personally trade individual stocks.

New year, new adminstration sale:
3 months for $5Subscribe
The only defense of this practice is that it would be unfair to members of Congress to bar them (or their spouses) from doing what they please with their own money, and that we should simply trust them not to behave unethically. This answer might persuade people who admire Nancy Pelosi and Dianne Feinstein. (Pelosi, at least, discloses her transactions, and Feinstein offered to pay a fine for neglecting to disclose hers.) But I can’t imagine many of those people would give Kelly Loeffler or Richard Burr or any of the Republicans caught up in insider trading scandals over the last few years the same benefit of the doubt. That knee-jerk partisan response should be enough to convince anyone that Democrats should voluntarily stop trading stocks: No one, other than dedicated partisans, will grant them the benefit of the doubt as to their intentions and ethics.

Feinstein’s husband’s trades have already repeatedly gotten her in trouble. As Business Insider notes, in 2018 she also neglected to disclose a purchase of between $100,000 and $250,000 in Facebook stock until after Facebook CEO Mark Zuckerberg testified before the Judiciary Committee on which she served as the ranking member. Last year, she was among the members of Congress investigated for potential insider trading related to the Covid-19 pandemic—you might remember that scandal as the one that plausibly contributed to two senators losing elections in Georgia this month.

Her hands may have remained clean throughout those scandals. But whether or not she engaged in wrongdoing or unethical behavior, these stories do untold damage to the Democratic Party among an electorate that is increasingly primed to see all politicians as crooked.

Prior to the GameStop madness, when the subreddit Wall Street Bets was a quieter community of degenerate gamblers, members tracked Paul Pelosi’s market moves, often treating them as a joke about their own compulsive trading. (“So Paul reads /wsb,” one of them joked after seeing him make some bets on Netflix and Amazon that could have cost him a small fortune.) Most of the people in that crowd also took it for granted that Paul Pelosi is engaged in regular insider trading.

This is not a belief exclusive to one subset of Reddit users. Most ordinary peoplethink official Washington is awash in corruption and that effectively everyone takes part in it.Some Democrats don’t seem to think this is worth directly addressing, because the far-right version of this belief quickly leads to conspiratorial and deranged explanations, culminating in theories like Pizzagate or QAnon. But most people who believe Washington is corrupt don’t have those ideological commitments; they just think the system is rigged and most politicians are engaged in self-dealing.

 

[Frederick Foresight]

And I suppose Trump is the very first politician to steal from campaign contributions? We'd be here all f'n day and still wouldn't cover the number of people who stole campaign money. In fact I would argue that nearly 100 percent of them do it to one degree or another. Yes, there is a moral equivalent between parties when discussing the topic of corruption in politics. Indisputable.

Whether or not there is an equivalence between members of both parties is debatable. I've not done a tally, but it just seems that more Republicans engage in corruption and are ready to forgive each other but no one else. Perhaps I am biased, but that is my view in the aggregate. Regardless, I think all perpetrators of corruption should be held to account.

Why are you implicitly defending this orange asshole (yes, that's what you're doing) by immediately pointing fingers elsewhere? Let's deal with other shit in dedicated threads. And if there is genuine proof in the allegations, I'll be on your side of the outrage.

 

[wrbtrader]

Was there any doubt?

https://www.businessinsider.com/tru...-into-indebted-private-business-forbes-2021-2

Former President Donald Trump has shifted money from campaign donors into his personal businesses, Forbes reported.

• Former President Donald Trump has shifted money raised from campaign donors into the Trump Organization.
• The organization is heavily indebted, reportedly owing around $400 million.
• Campaign donor money was moved both before and after Trump's election loss, reported Forbes.

Former President Donald Trump has shifted money raised from campaign donors into the Trump Organization, according to documents from the Federal Election Committee (FEC) seen by Forbes.

He moved around $2.8 million into his private businesses throughout the duration of his presidency, Forbes's Dan Alexander reported.

Trump funneled an additional $81,000 into the Trump Organization after his election loss, the magazine said.

The payments were made public in the filings the campaign submitted to the FEC and were liest to cover costs including rent, airfare, lodging, and other expenses.

One of the campaign's joint-fundraising committees, associated with the Republican Party, also moved an estimated $4.3 million of donor money into his private business during his presidential term, according to Forbes.

The joint-fundraising committee also paid around $300,000 towards Trump's hotel chain in the week following the former president's election loss, the Independent reported.

Around $40,000 was handed over from the campaign to Trump Tower Commercial LLC, a company which the former president owns a stake in, in December, the paper said.

This isn't the first time it has been reported that Trump transferred campaign money to his private businesses.

In July, The Washington Post's David Fahrenthold reported that Trump's campaign sent nearly $400,000 to the Trump Organization in just two days.

Documents showed that the campaign channeled $380,000 to the president's personal business in 43 transactions, Fahrenthold said.

This comes when the former president is said to be looking for ways to cash in on his post-presidency to address potentially huge debt.

The Trump Organization owes $400 million, according to Forbes.

We all here at ET had no doubt and talked about such when he was first soliciting donations soon...a few days after his election loss.

Gotta pay off his debts and the renovations of his home in Mar-a-Lago.

wrbtrader

 

[Bugenhagen]

And I suppose Trump is the very first politician to steal from campaign contributions? We'd be here all f'n day and still wouldn't cover the number of people who stole campaign money. In fact I would argue that nearly 100 percent of them do it to one degree or another. Yes, there is a moral equivalent between parties when discussing the topic of corruption in politics. Indisputable.

There is a Monty Python sketch is all this false equivalence.

Or is it just the wrong lizards will get in?

"It comes from a very ancient democracy, you see..."
"You mean, it comes from a world of lizards?"
"No," said Ford, who by this time was a little more rational and coherent than he had been, having finally had the coffee forced down him, "nothing so simple. Nothing anything like so straightforward. On its world, the people are people. The leaders are lizards. The people hate the lizards and the lizards rule the people."
"Odd," said Arthur, "I thought you said it was a democracy."
"I did," said Ford. "It is."
"So," said Arthur, hoping he wasn't sounding ridiculously obtuse, "why don't people get rid of the lizards?"
"It honestly doesn't occur to them," said Ford. "They've all got the vote, so they all pretty much assume that the government they've voted in more or less approximates to the government they want."
"You mean they actually vote for the lizards?"
"Oh yes," said Ford with a shrug, "of course."
"But," said Arthur, going for the big one again, "why?"
"Because if they didn't vote for a lizard," said Ford, "the wrong lizard might get in. Got any gin?"
"What?"
"I said," said Ford, with an increasing air of urgency creeping into his voice, "have you got any gin?"
"I'll look. Tell me about the lizards."
Ford shrugged again.
"Some people say that the lizards are the best thing that ever happenned to them," he said. "They're completely wrong of course, completely and utterly wrong, but someone's got to say it."
"But that's terrible," said Arthur.
"Listen, bud," said Ford, "if I had one Altairian dollar for every time I heard one bit of the Universe look at another bit of the Universe and say 'That's terrible' I wouldn't be sitting here like a lemon looking for a gin."
Douglas Adams, So Long, and Thanks for All the Fish

 

[WWarrior]

And I suppose Trump is the very first politician to steal from campaign contributions? We'd be here all f'n day and still wouldn't cover the number of people who stole campaign money. In fact I would argue that nearly 100 percent of them do it to one degree or another. Yes, there is a moral equivalent between parties when discussing the topic of corruption in politics. Indisputable.

Freddie's preference of politicians are as pure as snow , don't go highlighting his delusions lol