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Trump has bought more than $100m in bonds in office, disclosure shows

Trump has bought more than $100m in bonds in office, disclosure shows

Summary

Financial disclosures reveal that President Donald Trump purchased over $100 million in company and municipal bonds while in office. These purchases include bonds from major financial institutions and various U.S. states, made between January and August 2021. The documents do not disclose exact transaction values, only ranges, and Trump reported no sales during this period.

Key Facts

  • President Trump bought over $100 million in bonds while in office.
  • The purchases were made between January 21 and August 1, 2021.
  • Bonds came from companies like Wells Fargo, Morgan Stanley, and Citigroup.
  • Municipal bonds from states like Texas, Florida, and New York were also purchased.
  • The disclosure documents don't give exact values, only ranges.
  • Trump did not report any bond sales during this time.
  • Presidents must disclose finances but are not required to sell assets that could cause conflicts of interest.
  • Past presidents set up blind trusts; Trump passed his business control to a trust managed by his children.

Source Information