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Trump sold all shares in companies in June, spokesman says

 
TheToolMan
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12/06/2016 03:29 PM
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Trump sold all shares in companies in June, spokesman says
President-elect Donald Trump sold all his shares in companies in June, his spokesman said Tuesday, a move that could have created a cash windfall as he ramped up to begin a costly general election presidential campaign that at the time he claimed he would personally support with “major contributions.”

The sell-off could help address conflict-of-interest worries about his stock portfolio, a sizable part of Trump’s financial life that was worth roughly as much as $40 million as of December 2015, a May disclosure filing shows.

Trump’s stock portfolio, the May filing shows, included shares in a number of banks, oil giants and other companies with business pending before the U.S. government and whose value could rise due to Trump’s decisions in office.

Those stock holdings, ethics advisers said, offered a potentially troublesome facet of Trump’s private finances that could entangle his public decision-making. Beyond comments to The Post, Trump representatives have not provided records of stock transactions or other details since the May filing.

Trump spokesman Jason Miller, who told The Post about Trump’s stock sale Tuesday morning, did not immediately answer why Trump had sold the shares, how much he sold them for, or whether he has bought anything since. Trump will not be required by law to file another personal financial disclosure until May 2018.

Source: [link to www.washingtonpost.com (secure)]
"My mom said the only reason men are alive is for lawn care and vehicle maintenance."
Anonymous Coward
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12/06/2016 03:41 PM
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Re: Trump sold all shares in companies in June, spokesman says
he's going to devalue the dollar. i dont know how yet
but the Softbank deal makes sense if relative cost
of US labor declines.

high dollar equals status quo, the past
low dollar equals cash flows, ie the future.
TheToolMan  (OP)

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12/06/2016 07:42 PM
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Re: Trump sold all shares in companies in June, spokesman says
he's going to devalue the dollar. i dont know how yet
but the Softbank deal makes sense if relative cost
of US labor declines.

high dollar equals status quo, the past
low dollar equals cash flows, ie the future.
 Quoting: Anonymous Coward 46195337


The market is always up on good and bad news... just doesn't make sense anymore
"My mom said the only reason men are alive is for lawn care and vehicle maintenance."
TheToolMan  (OP)

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12/07/2016 12:45 AM
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Re: Trump sold all shares in companies in June, spokesman says
bump
"My mom said the only reason men are alive is for lawn care and vehicle maintenance."
Anonymous Coward
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12/07/2016 12:49 AM
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Re: Trump sold all shares in companies in June, spokesman says
Said stocks were valued at approx. 40 million dollars.

Which is basically a rounding error in calculating his total net worth.

Still, one less thing for Communist News Network to blather about.





GLP