May 8, 2018

Following the money

Esquire - Over the weekend, The Washington Post dropped a 200-pound dungbomb on the president  that clarified once and for all why Robert Mueller is chasing the president*’s dubious business practices as well as the campaign’s involvement with Russian ratfcking. From the Post:
In the nine years before he ran for president, Donald Trump's company spent more than $400 million in cash on new properties—including 14 transactions paid for in full, without borrowing from banks—during a buying binge that defied real estate industry practices and Trump's own history as the self-described "King of Debt." …

Trump had access to far more cash than previously known, despite his string of commercial bankruptcies and the Great Recession's hammering of the real estate industry. Why did the "King of Debt," as he has called himself in interviews, turn away from that strategy, defying the real estate wisdom that it's unwise to risk so much of one's own money in a few projects?
...There is an explanation that can cover all the questions arising from this mysterious mid-career course correction in how the president* did business. Perhaps someone–or several someones–needed to wash some money. A possible reason that Mueller’s people are looking into this kind of maneuvering is that they suspect the Trump Organization was laundering money for the kind of people who need their money laundered. A possible reason for the president’s having gone bouncing off the wall recently concerning the Mueller probe is that the president thinks Mueller’s after that, too.

No comments: