For the first time, a president will be the majority owner of a publicly traded company. Former SEC officials are concerned that Trump could try to use the agency to go after the foes of his company, which accounts for more than half his fortune. - ThreadSky

propublica.org • 40 days ago

For the first time, a president will be the majority owner of a publicly traded company.

Former SEC officials are concerned that Trump could try to use the agency to go after the foes of his company, which accounts for more than half his fortune.

Comments

unionman317.bsky.social•39 days ago

jegath.bsky.social•40 days ago

😡

anonymousnews.bsky.social•40 days ago

That is Communism.

Government owning private businesses...

papasmurf152.bsky.social•40 days ago

Trumps bitcoin is so out in the open and so ripe for abuse and there will be no consequences.

pnw-blue-squatch.bsky.social•40 days ago

Yawn. Who fuckin’ cares? No point in being outraged by anything from here on out. Just expect the conflicts of interest, the harm, the destruction. Nothing is illegal anymore and who’s going to do fuck all about it? We had 4 years to hold them accountable. New normal comin’ at ya.

donkronenberger.bsky.social•39 days ago

I’m old enough to remember when Jimmy Carter divested of his peanut farm to avoid even the appearance of a conflict of interest.

maladjusted5.bsky.social•40 days ago

Naked corruption

bluesky-guy1961.bsky.social•40 days ago

Breaking: Fat Hitler violates virtually every law. He is just getting started.

crispymainer.bsky.social•40 days ago

His gains are the imaginary gains of his rumpswabs. Legitimately. That’s all they want, this is what winning and greatness look and more importantly *feel* like to them. And it’s all that matters.

Thus far.

shrutefarms.bsky.social•40 days ago

The SEC is so worried they’re doing nothing about it 🙄

bluewavevermont.bsky.social•39 days ago

#trump #ConflictOfInterest

wrjazzy.bsky.social•40 days ago

He’ll get away with everything.

ruby-lark.bsky.social•40 days ago

They should not be concerned. This is going to happen.

jotata75.bsky.social•38 days ago

“Former SEC officials are concerned…”

Are you kidding me? Concerned my ass: he will do it!!!!!

tiggersdad.bsky.social•40 days ago

Truth Social has no actual foes because it’s not remotely a real company.

katesskatess.bsky.social•40 days ago

I’d read more of your articles if you refrained from publishing his picture. We all know what he looks like. Thanks.

kaylamyoung.bsky.social•40 days ago

And what are we supposed to do? Honestly. Someone please tell me how we’re supposed to fight against this.

snailmail22.bsky.social•38 days ago

The implications that a sitting president can personally own a form of currency is wild. I can picture it now, Trump leaning private owend company's will only exchange Trump coin for goods and services...

radchk.bsky.social•40 days ago

“Concerns”. Everyone’s Susan Collin’s now.

shenanigoats.bsky.social•40 days ago

Nah that doesn’t sound like him

dancer1991.bsky.social•40 days ago

WTF

ghairjunky.bsky.social•39 days ago

why hide it anymore they are doing it right out in the open with no consequences

uncarvedblock.bsky.social•39 days ago

The thing he was obviously going to do is a thing he is going to do?!? I, for one, am shocked. How did everyone who is part of the journalism profession pretend not to see the coming?

proudadoptive4.bsky.social•40 days ago

He's been so normalized that the idea of a blind trust has barely been mentioned

poweredbycuriosity.bsky.social•40 days ago

What could possibly go wrong 🤦🏽‍♀️

hoots77173.bsky.social•29 days ago

Should never happen!!

unclesamson.bsky.social•38 days ago

But surely all Trump's holdings are in a blind trust, or will be sold off like Jimmy Carter's peanut farm? Right?

bozone23.bsky.social•40 days ago

Trump and Musk admit cheating but Democrat politicians remain silent. Why?

adavelikeanyother.bsky.social•38 days ago

Damned good question that has been asked repeatedly for months. The only answer appears to be: "We're doing something, nothing concerted, but... Golly-gosh! We're at a funding deadline!"

agrippa7.bsky.social•40 days ago

“Officials are concerned that Trump could…” FFS.
It’s a certainty.

helloweepy.bsky.social•33 days ago

Susan Collins is concerned.

Me? I'm fucking terrified.

agrippa7.bsky.social•33 days ago

Posted 7 days ago.
Seems “concerned” was so far off target.
I’m going to join you in being terrified.

helloweepy.bsky.social•32 days ago

There's plenty of space on the Concerned Couch! I'll bring the popcorn.

agrippa7.bsky.social•32 days ago

Rather have beer tbh. I do concerned but pissed very well.

helloweepy.bsky.social•32 days ago

I'm on Dry January. But that's over in a few days and I've set my alarm for beer o'clock.

rockney.bsky.social•40 days ago

"... could be ..."? Most assuredly!

meanjean1234.bsky.social•38 days ago

Ya think???

dtf1947.bsky.social•40 days ago

auntietoall.bsky.social•40 days ago

Shameful

henryschoenberger.bsky.social•40 days ago

duh... https://www.the5thestate.net/2024/04/04/the-sec-is-mia-djt-ipo-is-unlawful-under-sec-10b5-serious-natl-security-threat/

barbcapo.bsky.social•34 days ago

and this okay too?

bchgoer.bsky.social•40 days ago

When you elect a King, this is what you get

lpas.bsky.social•40 days ago

How long until hackers will steal his crypto to make him? Hours? Days? Week? 😂😂😂

imhajin.bsky.social•40 days ago

While I appreciate the attempt at nuance, this is not the time. Playing the “game” of objective journalism when dealing with an organized criminal cabal isn’t objectivity. It’s simply naive. Call this what it is - oligarchy and corruption.

adavelikeanyother.bsky.social•38 days ago

Oh? He "could" try? The imbeciles must have had nice naps over the past decade. HE WILL USE IT JUST HAS HE HAS USED EVERY OTHER VENTURE IN HIS POLITICAL HISTORY!
Why in the name of any deity are eyes and ears of every watchdog glued shut? Could it be favor paid in full?
#Eejits #ThisIsNotGreatness!

tande432.bsky.social•39 days ago

First time for everything. First felon etc...

toguy99.bsky.social•39 days ago

He will start using it for official announcements and people and companies seeking his favour will at least implicitly be encouraged to advertise. Easier than renting rooms in his hotels which they also will. The company had no users and loses millions of dollars. The investment thesis is grift.

philipvernon.bsky.social•40 days ago

Neofeudal grift.

#Murca

cellarette.bsky.social•40 days ago

"concerned"

gaguzzovahere.bsky.social•40 days ago

"could" LoL 🤣🤣🤣🤣🤣

lindafly.bsky.social•40 days ago

We need to seize his assets!

notnacre.bsky.social•40 days ago

There wasn’t even a mention of divesting this time around. The people with power and influence have already rolled over, and it’s disgusting to witness.

rgh1205.bsky.social•40 days ago

I am getting sick and tired reading “for the first time” and then something Trump should not have done but did.
That is why he is so unsuitable for the presidency. He does not comprehend the impact of his actions, like his predecessors did.
He is a selfish con man destroying an institution.

newsupdates.bsky.social•33 days ago

I remember when he was last president and he brought in lots of stuff like deporting Muslims. Then events overtook and it went fairly normal. I expect the same will happen again.

karenconradi.bsky.social•38 days ago

It seems to me he does comprehend it. He just doesn't care.

lilboopsy.bsky.social•38 days ago

The trough just got gold plated.

directedf.bsky.social•38 days ago

I'm pretty sure investors know buying his stock is required for a favor like acquiring the NWS, getting a massive defense contract, buying the USPS...etc.

johnnyrode.bsky.social•39 days ago

He is not King, so he still has to go through the courts—and we know how quickly they work. It took them four years to prove Trump was guilty of all his crimes, only to throw it away because the sheep elected him again.

America is fucked because of America.

#6'Elon

nitsedsllew.bsky.social•40 days ago

We all know he’s scamming us all, and yet we picked that because we were mad at global macroeconomic forces. Grow up, America… make better decisions.

h20bug55.bsky.social•40 days ago

Of course he will he hate the rules especially the emolument clause

rsthomas42.bsky.social•40 days ago

Here's what pisses me off the most. For the last four years, Republicans have been screaming "corruption" nonstop. Now we're faced with real, obvious, MASSIVE corruption and the Democrats are silent. We need some fucking leadership against the oligarchy.

jewiss.bsky.social•34 days ago

Democrats are on the payroll too.

rsthomas42.bsky.social•34 days ago

I've been a Democrat my entire life, but I'm about to quit.

jewiss.bsky.social•34 days ago

I quit after Wasserman-Schultz and DNC failed to read the tea leaves. It’s been nothing but a train wreck since. Jaime R. Harrison couldn’t fight his way out of wet Trader Joe’s Paper Bag if a vote for a democrat was on the other side.

marnieeu.bsky.social•39 days ago

Could? Of course he will.

lsinny.bsky.social•39 days ago

But does he own a peanut farm?

kristenpilates.bsky.social•40 days ago

Try?

jollyplatypus.bsky.social•40 days ago

The corruption will be breathtaking and has started early.

heyguysimtom.bsky.social•40 days ago

No way he would never. That'd go against norms!

annesteve.bsky.social•39 days ago

Who’s going to stop him???? NO ONE!!

ecfitstrength.bsky.social•40 days ago

We need an intervention from God because no one else is going to do anything.
It was a systematic process-we saw it happening and no one did anything about it.
WTF?

lfields19.bsky.social•39 days ago

Yeah he will. All this and more. And no one will stop him, clearly. They'll tweet about it and wring their hands.

anemiab.bsky.social•40 days ago

He is an organized crime boss. Not a president.

lclark66.bsky.social•40 days ago

“Concerned”, but won’t do anything about…

susandm.bsky.social•40 days ago

Of course he will

egrunin.bsky.social•40 days ago

Who has standing to sue to challenge this?

melbaggers.bsky.social•38 days ago

And this is why in normal less corrupt times, we cared about ethics and Presidents divesting from their businesses. Now, we live in a dictatorship.

brandnamewriter.bsky.social•40 days ago

Can we please take "concerned" out of our officials' lexicon. Maybe replace it with "You're right, it's illegal and immoral but we're not going to do anything about it."

grabarr.bsky.social•40 days ago

He is corrupt and a criminal, so yeah he is going to do almost the bad shit

stevestarr.bsky.social•40 days ago

For most people, if something doesn't involve/impact them directly, they simply don't care about it, one way or another.

lalee508.bsky.social•39 days ago

Could try?

hedgeleycastle.bsky.social•40 days ago

astrojmona.bsky.social•40 days ago

citizen12345.bsky.social•38 days ago

Can he launch a meme coin as President? I think he dropped a new one after inauguration called $Power

citizen12345.bsky.social•38 days ago

Maybe he’ll take down X

helloweepy.bsky.social•33 days ago

"Former SEC officials are concerned."
Yeah. Years of being "concerned" have really helped to stem the oncoming storm of fascism. My question is, are people really this stupid? Haven't we learned by now that everything Trump does is unethical if not illegal, so rather than be concerned we should act?

jonathanswiftie.bsky.social•40 days ago

This would make more sense if trump's corporation had any business other than corruption. As it is, it isn't clear that trump can use the SEC to "go after" the concepts of ethics and responsible government.

jamesjamerson.bsky.social•40 days ago

Cocerned? Next week we will hear about them at Mar Lago.

ladiedi2125.bsky.social•40 days ago

Gonna become the ministry of information.

rhymeswithaaron.bsky.social•40 days ago

And once again after all the discussions and possible court cases nothing will happen. Nothing ever happens

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