Monday, September 02, 2024

Trump Is Making New, Sketchy Foreign Business Deals

Casey Michel: From Saudi Arabia to Serbia, despots are cozying up, likely in preparation for a second term. If anything, foreign governments - including brand-new regimes that weren't involved in Trump's first whirlwind in the White House - have only spied new opportunities to burrow into his pockets and into a second administration.

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[T]he new links between Saudi and Trump go even deeper, stretching into Saudi Arabia's latest foray into foreign investments: golf. Throwing billions of dollars into professional golf - all as a way of transforming Riyadh into a destination of global sports - Saudi backed the recent creation of LIV Golf, the rising competitor to PGA Golf. One of the kingdom's key partners in the new league? Trump, naturally. In early 2024, Riyadh tapped Trump to host LIV Golf tournaments at his own courses - making it "another major source of new revenue for the Trump family."

Indeed, calling all of these Saudi arrangements a major inflow for the Trump brood is an understatement. In one of the most sordid - or swampiest - arrangements seen since Trump departed the White House, Trump's underqualified, underexperienced son-in-law, Jared Kushner, managed to land a $2 billion investment from the Saudis for his brand-new investment firm. Even Saudi officials were at first spooked by the deal, shying away from Kushner's initial proposal. But as the Intercept reported, after officials recommended against the investment, MBS himself stepped in to approve the deal, keen to sink Saudi Arabia's financial claws into Trump's family that much further.

These are just the deals that we know about; given the financial opacity of everything from the American real-estate industry to things like the investment funds Kushner oversees - areas that Biden's Treasury Department is specifically targeting for increased transparency, thankfully - it's entirely possible that there's a world of additional investments, purchases, and arrangements that we still don't know about and that we'll only learn about in years to come.

For Trump, there is no separation between politics and his personal finances, the very thing our Founders tried to anticipate and hoped that voters would avoid when selecting their elected federal public servants.

#1 | Posted by tonyroma at 2024-09-01 04:58 PM

As far as Trump is concerned, it's probably the very least he thinks we owe him.

#2 | Posted by Doc_Sarvis at 2024-09-01 05:11 PM

Is dotard selling more binders to MBS?

#3 | Posted by reinheitsgebot at 2024-09-01 06:16 PM

"Republican President For Sale!"

"CHEAP!"

#4 | Posted by Corky at 2024-09-01 06:59 PM

But..but..What about Hunter?

Where is Hunter Biden?

Oh here he is ...

Hunter Biden argues his conviction should be tossed out, citing judge's ruling in Trump documents case

"In federal court papers filed in Delaware, Hunter Biden's attorneys asked the judge who oversaw his gun trial to dismiss the case against him because of a federal court ruling in Florida dismissing the classified documents case against former President Donald Trump."

www.nbcnews.com

Oh what a tangled web we weave ...

#5 | Posted by donnerboy at 2024-09-03 01:34 PM

Oh what a tangled web we weave ...

It would be hilarious if the case got tossed because of that.

#6 | Posted by REDIAL at 2024-09-03 01:43 PM

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