Paul, Weiss's new idea of pro bono: Helping Trump "launch a sovereign wealth fund."
"He was prepared to offer pro bono work on causes supported by Mr. Trump, including helping the administration launch a sovereign wealth fund, one of the two people and another who was briefed on the matter said."
"He was prepared to offer pro bono work on causes supported by Mr. Trump, including helping the administration launch a sovereign wealth fund, one of the two people and another who was briefed on the matter said."
Comments
He’s going to liberate our money from our grubby little hands (that he would never dream of shaking) and put it all in his own pocket.
Tariffs and extortion are wonderful things - IF you are a greedy, immoral megalomaniac!
A Columbia Law School graduate, Mr. Sipp, 27, said in an interview that he had been attracted to Skadden, Arps, Slate, Meagher & Flom because of its “pay and prestige,” but also because of the firm’s “commitment to pro bono work.”
1/4
2/4
3/4
Well done, Thomas Sipp.
Your country thanks you.
History will be kind to you.
4/4
Huuummmm…..
$$$$$$$$ > Democracy
https://www.wsj.com/finance/currencies/the-trump-family-advances-its-all-out-crypto-blitz-this-time-with-bitcoin-mining-86a1e8d9
Saudi wannabe
https://bsky.app/profile/beverlymann19.bsky.social/post/3lltplzihck2u
The entire firm will be transformed as if Whole Foods switched to selling Fried Chicken.
Funding - Proceeds from Fannie and Freddy sale and marking gold stock to market. Just over $1T in sum I recall.
Allocation - direct foreign currency intervention to move usd lower. (Plus some shitcoin speculation I assume)
I will say those obligations define being an ethical lawyer—and much of what’s happening now doesn’t seem to follow that ideal.
Wondering whether lawyers across the US will be submitting pro bono reports with this description in the time keeping record as a form of civil disobedience.
My private university has exploded after cozying up to MAGA and the alumni are largely unhappy.
But doing stuff literally for the government is pretty gross.
#RESIST
You think he isn’t gonna just steal what he wants?
They cave before fighting, meaning they won't fight for you.
Precisely how Russia works.
Sickening
PATHETIC
There is always a quid!
No. Flat out unequivocal “No!”
Sovereign wealth funds are great, it helped Norway prepare for its energy transition, it helped Canada have the most resilient public pension fund in the world, and they cover MANY areas that private venture capital won't touch.
Plus, they can also be used to pay off debt, by using the interests to make payments instead of taxes or other revenues, without reducing services.
Debt is usually financed at extremely low rates for governments, like 0.25% sometimes.
Borrowing at that rate, and then investing in, say, the S&P 500, yields ([investment rate]-[debt rate])%, so, say, (10%-0.25%)=9.75%, which can then be used or compound.
The investments ALWAYS grow faster than the consolidated debt, so it's ALWAYS a positive result over time.
It's counterintuitive in personal finance, but it's the best solution in terms of public finance.
https://www.investopedia.com/terms/l/leverage.asp
A SWF is stupid but if we get one we should use it immediately as part of a massive wealth clawback and tax.
More like Big Grift.
These guys want to change the country into Russia, except with more wealth to steal.
Crypto is a scam.
Would this be something for him personally? Or for the US ?
The mere thought of what’s collected on them makes me taste bile in my mouth.
DOGE is listed on the national debt clock showing billions is savings yet the debt still keeps ticking up.
Lol
They're cowards, pure and simple.
Stand up to criminals and bullies (Trump is both).
The firm has disgraced itself forever. If you work there the only play is to walk out the door.
Typical. NOT shocking.
Isn't that precisely what one looks for when seeking legal counsel?
Imagine that !!
Stop this train, I want to get off.
Apathy and casualness everywhere!
RIGHT HERE!
Mike Johnson (202) 225-2777
John Thune (202) 224-2321
Chuck Schumer (202) 224-6542
Hakeem Jefferies (202) 225-5936
Call for impeachment or treason charges. Use 5calls.org if you need help.