this post was submitted on 16 Apr 2024
199 points (95.9% liked)

politics

19145 readers
3051 users here now

Welcome to the discussion of US Politics!

Rules:

  1. Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.

Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.

Example:

  1. Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
  2. Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
  3. No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
  4. Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
  5. No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.

That's all the rules!

Civic Links

Register To Vote

Citizenship Resource Center

Congressional Awards Program

Federal Government Agencies

Library of Congress Legislative Resources

The White House

U.S. House of Representatives

U.S. Senate

Partnered Communities:

News

World News

Business News

Political Discussion

Ask Politics

Military News

Global Politics

Moderate Politics

Progressive Politics

UK Politics

Canadian Politics

Australian Politics

New Zealand Politics

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 5 points 7 months ago (1 children)

The Schadenfreude is strong in these threads, but the simple fact of the matter is, Trump is going to sell in six months, or sooner if the board decides he can, which they will, and come out of this with Billions. The suckers, and the "institutional(read:foreign) investors" are going to make sure this stock stays propped up specifically so Trump can get paid out. This is what's happening, it's what's going to happen. The only solace to take from this, is it's possible, though not probable by that time, Trump could be in prison (though that too is incredibly unlikely as even if he's found guilty of the what is it 37 felony counts in the NY hush money trial starting today, SCOTUS is yet to weigh in, and his appeals will almost assuredly allow him to run out the clock of his mortal coil)

The stock thing though, that's a guaranteed winner for Trump, even if it falls to single digits

[–] TropicalDingdong 5 points 7 months ago (2 children)

I don't know if he'll make it to the 6 month cliff, but he may be able to leverage the shares sooner without selling.

[–] [email protected] 8 points 7 months ago* (last edited 7 months ago) (1 children)

Nope. Unless the lockup is waived or modified by the board, Trump cannot "lend, offer, pledge, hypothecate, encumber, donate, assign, sell, contract to sell … or otherwise transfer or dispose of" his shares (this language is well-tested boilerplate for any lockup agreement). In case it's not clear, that covers using them to get a leveraged loan.

Far more likely is the board simply waives the lockup which frees him to do whatever he wants, in which case my bet is he just sells off some or all of his stake 'cuz who gives a shit if one of his cult members catches the falling knife.

[–] TropicalDingdong 5 points 7 months ago

I'm fine with his cult members catching falling knives, but I'd rather he be forced to take the L along with them. The can all hang out together in El Salvador.

[–] FlexibleToast 3 points 7 months ago (1 children)

The lender would have to be a moron to offer that loan.

[–] TropicalDingdong 10 points 7 months ago (1 children)

That or the "lender" doesn't consider it so much as a 'loan' but rather as a 'payment'.

Thinking Saudis or Kuwait, or whoever wants to buy and own Trump.

[–] Sanctus 5 points 7 months ago

Gotta remember, a presidential candidate is for sale right now. Not that he wasn't bought before.