There is no “Republicans” in the sense you imply: that of a cohesive, ideologically-unified party. The uneasy coalition between the white-supremacist, hatemongering Trumpist wing, and the traditional fiscal-conservatism wing, has been exposed as untenable.
Humpty-Dumpty can’t be put back together again. Trump’s legacy will be the end of the Republican party and the creation of two new parties (one of which, possibly, might try to retain the ‘Republican’ name).
Winners don’t get shot, or something
It IS possible to be ll 3 at the same time.
Although no one would be surprised at the concept of Trump doing just that (making a false promise in order to torment people), we shouldn’t be too quick to assume there was no other reason behind the ‘wipe out the debt’ comment:
Puerto Rico bonds plunge after Trump pledge to wipe out debt
This needs to be examined. Who bought up bonds at the much-lowered price? Who traded in shares of the affected bond insurers?
Who profited from Trump’s little ‘random’ remark?
I hope they go the way of the Whigs and the Know Nothings.
If I were to be a “follow the money” type, I’d be looking REAL close at Trump, Trump’s family and his cronies.
They ARE the Know-Nothings.
Come to think of it, “Know Nothings” might be an attractive revival (as a name, at least) to many of the Trump wing. They certainly take pride in their own ignorance…
I hope someone is doing so, with regard to the Puerto Rico remark as well as all the rest of it. So far the only reporting I’m seeing is ‘a president doesn’t have the power to wipe out debt’ and ‘Trump Administration officials try to walk back the president’s remarks’ stories. But it’s definitely one to keep an eye on.
The Wig and the Know Nothings?
And he could get Sgt. Schultz as his press secretary.
The Trumpians are already a revival of the Know Nothings, although their religious focus has shifted from Catholics to Muslims.
Why in the world would this need to be investigated??
We don’t know if they profited or not. If the debts are actually forgiven and the debts wiped clean, the bond holders very well may end up getting nothing.
They’re taking the extra risk (higher yield) because they think the risk/reward profile is worth it.
You do realize that’s why the yields jumped, right?
Ditto the shares. I don’t specifically know the companies in question, but I’m guessing they insure the bonds in question.
They’d take losses if the debts were wiped out.
Now, if this was a report of someone shorting the shares early, or selling the bonds early before prices fell, as possible evidence of front-running or something, you might have a ghost of a point.
But investors pricing in new information is exactly what investors are supposed to do. And by investors, I mean the guys running your mutual funds, your 401(k) etc.
Saying this ‘needs to be investigated’ is beyond stupid.
Isn’t there a financial tool or w/e you call it that let’s someone make money by betting that a stock or other similarly tradable commodity is going to drop in price?
Shorting or some such?
It was mentioned in the post you quoted.
And yes, possible front-running (insider trading) should be investigated, but that happens before the announcement, not after. If prices and trading volume were stable after the hurricane but before the announcement, it is likely it didn’t occur.
Trump is disgusting. Here he is using a really bad, phony Spanish accent.
http://time.com/4972883/donald-trump-puerto-rico-spanish-accent/
“Sir, before you go out and address the room, here’s the correct pronunciation of Puerto Rico. Might be a nice gesture for Hispanic Herit–”
“Oh, you’re gonna tell me, Hector? You’re name’s Hector, right? Am I pronouncing that? Hec-TOR? Or is it a Hake-TAR?”
“My name’s Tom.”
“Hake-TAR, I don’t know if you’re aware of this, but I spent some time down there with the Spaniards recently. I can pronounce it just fine. Pu-hay-to Reek-O! Pu-hay-to Reek-O! The Spaniards love me. This crowd should get a kick out of this.”
He sounds like Senor Wences.
It’s alright.
I’ve wondered if all this talk of Kelly wanting out has something to do with the report of his cell phone being compromised. Maybe Trump uses that as to suggest that he’s given away too much confidential info and needs to be pushed out.