Trump's Bond Trading and Financial Ethics

Since January, the president's bought more than $100

million worth of corporate and municipal bonds.

That is according to filings from the Office of Government Ethics.

This kind of active trading by a president is unprecedented.

It means Donald Trump stands to benefit or suffer losses, depending on, on how

these bonds perform. But these bonds include banks,

and they include

companies, and they include local governments

that are literally directly

impacted by the decisions that Donald Trump is making in the White

House.

Our nightcap, uh, is still with me.

Uh, Tim, is this, is this classic Donald Trump?

You are extremely familiar with how this gentleman works as a businessman.

It is. Well, it's, it's, you know, it's not even Donald Trump working as a

businessman. It's Donald Trump working as an insider

trader.

Hmm.

It's Donald Trump in a position to influence the interest rates that

determine the value of the bonds he's buying. It's that simple.

The other thing is, it is a drop in the bucket.

The $100 million in bonds he bought is a drop in the

bucket in terms of the grift that's going on in the White House around

cryptocurrencies.

Hmm.

His net worth, I think, jumped by more than two and a half billion

dollars based on paper, but it's on cryptocurrency

assets he holds at a time when his family had absolutely no

experience in the business before he became president.

It's, it's a product that he disparaged as a scam

before he became president.