Fineman: Are Trump's businesses/family profiting from insider knowledge of his pending tweets? [View all]

[highplainsdem]

I've been wondering about this, too.

Tweet from Howard Fineman, minutes ago:

Link to tweet

My twitter feed is asking a legitimate question: are @realDonaldTrump’s businesses and family profiting from insider knowledge of his pending — market-moving — tweets, comments and bargaining stands? My guess would be yes. The real questions are: who is doing it for him and how?

I've been wondering about this for quite a while. But of course we now know, from the bombshell NYT story a month ago about Trump's finances in the 1980s and 1990s, that Trump did this sort of thing in the past:


https://www.msn.com/g00/en-us/news/us/5-takeaways-from-10-years-of-trump-tax-figures/ar-AAB2BDR?i10c.ua=2&i10c.encReferrer=aHR0cHM6Ly93d3cuZGVtb2NyYXRpY3VuZGVyZ3Jvd%575kLmNvbS8%3d&i10c.dv=10

4. He made millions posing as a corporate raider — until investors realized he never followed through

For a time, Mr. Trump was able to stave off his coming collapse with the help of a new public role: He traded on his business-titan brand to present himself as a corporate raider. He would acquire shares in a company with borrowed money, suggest publicly that he was contemplating a takeover, then quietly sell on the resulting bump in the stock price. An occasional quote from a high-profile associate helped burnish the myth.

“He has an appetite like a Rocky Mountain vulture,” his stockbroker, Alan C. Greenberg, told The Wall Street Journal in 1987. “He’d like to own the world.”

From 1986 through 1989, Mr. Trump declared $67.3 million in gains from stocks and other assets bought and sold within a year.

But ultimately, the figures show, he lost most, if not all, of those gains after investors stopped taking his takeover talk seriously.