Thursday, December 8, 2016

Is Trump strapped for cash? by Josh Marshall // Talking Points Memo

Is Donald Trump broke?  Do his liabilities exceed his assets?
Remember that it took a long time for his to forgive the $50 million loan he made to his campaign.  It seems that he raised the cash by selling all of his stock.  Maybe he has little equity. i.e. his debts are so heavy that he has nothing to sell.  He apparently plans to continue as Executive Producer of The Apprentice.  Maybe he needs the money, - gwc
Maybe the Answer Is That He Can't Divest
by Josh Marshall

After Trump got into that scuffle with Boeing, reporters asked about his ownership of Boeing stock. Trump replied that he'd already sold that stock. So there was no problem. But there's a bit more to it than that.
According to his spokesman, Trump sold all of his stock back in June, a portfolio which his disclosures suggest was worth as much as $38 million. Trump told Matt Lauer that he sold the stock because he was confident he'd win and "would have a tremendous ... conflict of interest owning all of these different companies" while serving as President.
Now, c'mon. Donald Trump sold off all his equities more than six months before he could become president because he was concerned about conflicts of interest? Please. That doesn't pass the laugh test.

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