Corruption Much?

Donald Trump has been systematically buying bonds from companies just before aid or major contracts from the US government.

Who does he think that he is, Nancy Pelosi? 

Trump bought up to $6 million worth of corporate bonds in Boeing, even as the Defense Department has awarded the company multi-billion dollar contracts, new financial disclosures reveal.

According to the documents, Trump bought between $1 million and $5 million worth of Boeing bonds on August 28. On September 19, he bought more Boeing bonds worth between $500,000 and $1 million. In total, Trump appears to have bought at least $185 million worth of corporate and municipal bonds since the start of his presidency.

Kedric Payne, Vice President of the Campaign Legal Center, told RS in a phone interview there is “absolutely” a conflict of interest in Trump’s purchase of Boeing, especially since it is “a government contractor that is connected to military actions that the president controls almost unilaterally.”

Trump also bought between $1 and $5 million worth of Intel bonds in August, a week after the Trump administration took a 10% stake in the company. “I love seeing their stock price go up, making the USA RICHER, AND RICHER,” Trump posted on Truth Social on August 25. Trump purchased Intel bonds on August 29. 

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Upon entering office, Trump did not move his assets into a blind trust run by an independent trustee that could not be directed by the Trump family. Instead, he opted to hand over his business empire to his sons. The White House did, however, insist that the bond purchases were made by independent financial managers “using programs that replicate recognized indexes when making investments.” 

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Meanwhile, the Trump administration has breathed a new life into Boeing. In March, Trump announced that Boeing would receive the coveted $20 billion development contract for the Air Force’s future F-47 fighter jet. The program is sure to be a cash cow for Boeing. Dan Grazier, a Senior Fellow at the Stimson Center, told the Associated Press then that the $20 billion price tag is just seed money. “The total costs coming down the road will be hundreds of billions of dollars,” he said.

It seems to me that whoever succeeds Trump should have as their goal impoverishing him and his.

Simply jailing them would not teach the proper lessons.