TL;DR She bought between 15 and 50K worth when it was trading at $110, it’s at $30 now.
It’s always funny to see the MAGA true believer politicians getting burned. The cynical assholes like Cruz and Graham I can understand, they either visibly got on the bandwagon or lost their seats… but somehow MTG is this dumb and also managed to get elected.
To clarify, everyone who supports Trump (truthfully or in appearance only) is a huge fucking asshole for putting personal well being in front of us having a democracy and a litany of other reasons… but some of these politicians are slimy assholes and some are just fucking dumb.
Have you ever heard of a guy called Herman Cain?
You mean the guy who has the award named after him?
The guy that’s always tweeting stupid shit?
You leave Magic the Gathering out of this!
I’m so confused every time I read about either.
The point wasn’t to profit. The point was to funnel money to Trump. IPO shares go into the company’s bank account of which Trump owns 60%.
Trump can’t touch the stock until a 6 month waiting period is over… By then it’ll be a penny stock.
It doesn’t matter that he can’t touch the stock. The cash has been deposited to the company’s bank which he owns. He doesn’t need to sell the stock. He has the company’s cash that all the IPO investors gave him.
A lot of these stock-wealthy guys (e.g. Elon) get around taxes by taking out low interest loans against their stock.
Is it possible he could do that instead?
It would be a dumbass bank who would do it, but it’s not impossible.
So far, only shady-ass car loan shark company has been willing to accept Donny’s collateral, maybe, unless it’s just after bribe to get them out of trouble if that dickhead manages to win the election.
What kind of fucktard buys trump shit??? I mean, I know the answer and shit, it’s just… I don’t even fucking know.
i dislike her with a passion, but I’m not sure what this ‘journalism’ is looking to accomplish. If it was a uncontestably large amount of money and I think this could be a worthwhile article, but given their salaries and the money that they get from donors, I am not sure what the purpose of the article is outside of trying to poke fun at someone who is making poor financial decisions and try to get them on record with exactly how much money they lost.
You don’t think it’s noteworthy that Members of Congress are buying stock in a Presidential Candidate’s company? Especially after the big deal that Republicans made out of the Clintons’ involvement in Whitewater Development?