Trump bought more than $100 million in bonds since January
President Donald Trump has purchased at least $103 million worth of corporate and municipal bonds since taking office again in January, new filings show.
President Donald Trump has purchased at least $103 million worth of corporate and municipal bonds since he took office in January, according to new filings from the Office of Government Ethics.
The documents, released late Tuesday, show that Trump began the bond-buying spree one day after he was sworn in on Jan. 20 and that it includes debt sold by companies, local governments and entities that could be directly affected by his sweeping agenda. All told, Trump made about 690 purchases from Jan. 21 through Aug. 1.
The active trading by a president of the United States is unprecedented, and it puts Trump in a direct position to benefit — or lose out — if any of the entities that own the bonds he has purchased succeed or fail. It’s also another example of Trump’s pursuing business endeavors and transactions to increase his wealth in office.
"Ultimately, the president is not involved in these transactions," a senior administration official told NBC News. "They’re managed completely independently of him."
On Jan. 21, Trump purchased a bond belonging to the New York Triborough Bridge and Tunnel Authority. A week later, he purchased another handful of bonds over consecutive days. Those bonds belong to various municipal hospital facilities, airports, regional development funds and school districts from Florida to Alaska.
https://www.nbcnews.com/business/markets/trump-bought-bonds-companies-governments-rcna226024
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