TL;DR She bought between 15 and 50K worth when it was trading at $110, it’s at $30 now.
It’s always funny to see the MAGA true believer politicians getting burned. The cynical assholes like Cruz and Graham I can understand, they either visibly got on the bandwagon or lost their seats… but somehow MTG is this dumb and also managed to get elected.
To clarify, everyone who supports Trump (truthfully or in appearance only) is a huge fucking asshole for putting personal well being in front of us having a democracy and a litany of other reasons… but some of these politicians are slimy assholes and some are just fucking dumb.
Have you ever heard of a guy called Herman Cain?
You mean the guy who has the award named after him?
Yup, thankfully he was too much of an idiot to ever win an election though he got closer than I’d hope. Mike Lindell is a similar idiot but thankfully he’s getting justice.
The guy that’s always tweeting stupid shit?
9.9.9.
but most are both fucking dumb and slimy assholes.
I don’t believe most of the are dumb, just play dumb because their strengths are in manipulation.
In MTG and Beoberts case (amoung others), there doesn’t seem to be a hidden intelligence, just high school bully tactics of reading the room and saying whatever despicable thing the crowd wants to hear to continue bullying.
I.E., the only discernable skill I’ve seen is how to stay in the clique of mean people and direct their hate to anyone else. Like your stereotypical cheerleader / sorority villian.
Cruz pretended to not understand why we signed the Paris Accord by playing dumb about Paris not being part of America. The guy has an elite education. He just knows his supporters are fucking morons and that they won’t look up anything.
You leave Magic the Gathering out of this!
I’m so confused every time I read about either.
Well, she got it covered by the 183k in PPP loan forgiveness she was handed in 2020.
The point wasn’t to profit. The point was to funnel money to Trump. IPO shares go into the company’s bank account of which Trump owns 60%.
Trump can’t touch the stock until a 6 month waiting period is over… By then it’ll be a penny stock.
It doesn’t matter that he can’t touch the stock. The cash has been deposited to the company’s bank which he owns. He doesn’t need to sell the stock. He has the company’s cash that all the IPO investors gave him.
Thankfully it does matter… the IPO for the stock happened in 2021, and this year renamed to DJT following a merger with Truth Social. The money from the 2021 IPO is long gone as the Org has been losing money since.
A lot of these stock-wealthy guys (e.g. Elon) get around taxes by taking out low interest loans against their stock.
Is it possible he could do that instead?
It would be a dumbass bank who would do it, but it’s not impossible.
So far, only shady-ass car loan shark company has been willing to accept Donny’s collateral, maybe, unless it’s just after bribe to get them out of trouble if that dickhead manages to win the election.
Oh shit for real? You have a source? Not doubting you, just curious
“Trump owns more than 57% of the company’s stock, though he is barred from selling his stake until a six-month lockout period expires.”
So 150-300 shares.
What kind of fucktard buys trump shit??? I mean, I know the answer and shit, it’s just… I don’t even fucking know.
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i dislike her with a passion, but I’m not sure what this ‘journalism’ is looking to accomplish. If it was a uncontestably large amount of money and I think this could be a worthwhile article, but given their salaries and the money that they get from donors, I am not sure what the purpose of the article is outside of trying to poke fun at someone who is making poor financial decisions and try to get them on record with exactly how much money they lost.
You don’t think it’s noteworthy that Members of Congress are buying stock in a Presidential Candidate’s company? Especially after the big deal that Republicans made out of the Clintons’ involvement in Whitewater Development?
Maybe if they had insider information or something that led to them making a guaranteed profit. Otherwise, it’s just inept speculation.
I think it’s less that they have insider information and more that they assume they have enough power to coup the government. Nancy Pelosi is a fucking asshole for her technically not illegal insider trading from watching upcoming government actions. MTG bought this stock and will work hard to subvert democracy to make it valuable - she isn’t reading trends she’s intending to force them.
It’s representative of a departure from a sociable more that’s existed since the beginning of the USA: presidents should not have business interests that could in fact or perception impede their ability to conduct themselves in the best interests of the nation. Furthermore they should not have them because they are an avenue for people to buy favour. Maybe I can’t just GIVE the president a billion dollars, but if they’re a major shareholder on a corporation, I could apply my wealth to add buy pressure which raises the value of the presidents holdings, for which a president may be “very grateful”.
Talking about how this has never been accepted is fair. Pointing out the people participating in this is also fair. It IS news.
Reading your take, I have to agree. I had assumed she had bragged about buying it or something of that nature. However, looking at the same source which also reported the initial purchase, she didn’t even talk about it then, and the purchase information was just part of a typical disclosure.
Anything that denigrates that troglodyte of a woman is fine by me. Poke all the fun you can. Fuck that stupid cunt.
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Chivalry doesn’t start w/ “I dislike you with a passion”
I think the issue is that as a very left-leaning individual, I’m less concerned about laughing at inept financial decisions and more concerned about policy and ways to ensure she never serves in office again.
This idea that “if they are losing we must be winning” is a brand of liberalism that hasn’t been as rampant pre-Trump. It feels like people are stooping to the level of Republicans and get off on schadenfreude instead of actual progressive policy and impact
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“chivalry” in many cases is perpetrated by people who absolutely despise the targets of their chivalry. Call it caping, call it centrism, call it civility, whatever modality strikes your fancy. MGT is a odious human being responsible for a ton of harm, I don’t care if she gave her last fiver to trump and he wiped his ass with it, it should be mocked. (And she didn’t, she’s profited in numerous ways off the backs of the people, so no tears need shedding here)
