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underpants

(197,516 posts)
Tue Dec 6, 2016, 03:13 PM Dec 2016

Trump sold all shares in companies in June, spokesman says [View all]

https://www.washingtonpost.com/business/economy/trump-sold-all-shares-in-companies-in-june-spokesman-says/2016/12/06/55419d44-bbcf-11e6-94ac-3d324840106c_story.html?utm_term=.bb5fa135f0c3

President-elect Donald Trump sold all his shares in companies in June, his spokesman said Tuesday, a move that could have created a cash windfall as he ramped up to begin a costly general election presidential campaign that at the time he claimed he would personally support with “major contributions.”

Trump’s stock portfolio, the May filing shows, included shares in a number of banks, oil giants and other companies with business pending before the U.S. government and whose value could rise due to Trump’s decisions in office.

Trump told Fox Business News in August that he was dumping stocks because he predicted the market was crashing, saying, “I did invest, and I got out, and it was actually very good timing.” Despite Trump’s August comments, stock prices have generally been on the rise since June.

Trump spokeswoman Hope Hicks told The Post last month that Trump had in June also sold his shares in Energy Transfer Partners, the majority stakeholder in the $3.7 billion Dakota Access pipeline project that has drawn protests from environmentalists and Native Americans.
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