‘This is truly insane’: Trump stuns with eye-popping multi-million-dollar purchase – Raw Story
President Trump personally purchased between $1 million and $5 million in Intel corporate debt between August and October, according to financial disclosures released in November. This transaction occurred simultaneously with the Trump administration’s decision to secure an $11 billion government stake in Intel, giving the U.S. a 10% ownership position in the company.
Trump has also purchased up to $6 million in Boeing corporate bonds, with a separate purchase of $500,000 to $1 million in Boeing bonds made in September, close to Boeing receiving an $877 million Defense Department contract. Since January, Trump has purchased a minimum of $185 million worth of bonds across multiple companies.
The administration characterizes its broader corporate investment strategy as driven by national security interests, committing over $10 billion in taxpayer funds to minority stakes in at least nine companies involved in steel, minerals, nuclear energy, and semiconductors, with the majority of deals struck in October and November. Journalist Molly Jong-Fast stated this purchase pattern would constitute “a huge scandal” in a normal administration, while journalist Ryan Grim called the situation “truly insane.”
Trump’s personal investments in companies receiving substantial government contracts and funding directly conflict with federal ethics standards prohibiting self-dealing and conflicts of interest. The lack of mainstream media coverage of these transactions has drawn criticism, with observers noting the administration’s pattern of leveraging taxpayer resources to benefit the president’s personal financial interests.