That time the Trump boys lost a cool billion of daddy's money.

[paleotn]

And Trump's anger at Jerome Powell becomes clearer. See 3:21 in the video. Seems it wasn't about overall US interest rates at all. The rates you and I pay. It was about the Fed's perceived impact on one particularly large bet on crypto. And the debt the boys took out to leverage their crypto bet? That doesn't go away if the underlying investment goes to hell. The lenders want their damn money back. Every damn penny.

[Norrrm]

1. To them, it's just a number. A BIGLY number to be sure but they are still very wealthy.

[paleotn]

2. A couple more of these disasters and they won't be. It will be 2015 all over again.

Prior to 2016, Trump was in hock up to his eyeballs. Then he became president, with all the sweetheart deals, the social media plays, plus taking a chunk of maga granny's social security as "donations" every month to fend off those pesky "liberals." That's the thing about rich people. They're still just a few bad calls from not being terribly rich anymore. Richer than you or I, maybe, but think of all the cash they've squandered. Trump and his boys have squandered a hell of a lot.

I said this in 2016. Trump would have been far better off if he'd taken his dad's money, put it in index funds, and played golf every day. But oh no.

[some_of_us_are_sane]

4. You're absolutely right!

The two "bad apples" did fall far from the poisoned tree.

[Blue Owl]

3. Chip off the 'ol shitblock

[some_of_us_are_sane]

5. Yes...

They're both "little shits".



(Mustn't forget Ivanka. She's smelled up the place PLENTY over the e years.)