Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

packman

(16,296 posts)
Tue Jan 3, 2017, 02:10 PM Jan 2017

Is Trump so broke that he can't pay salaries of his team?

President-elect Donald Trump’s Campaign Manager-turned-Communications Counselor Kellyanne Conway will visit Buffalo this week for an exclusive fundraiser.

Kellyanne Conway will speak at a Thursday afternoon luncheon at the Westin Buffalo hotel. The $5000 per person event is intended to raise funds to cover the costs of Trump’s transition team, including their salaries


The ferret-wearer’s options are limited:

- no U.S. bank will touch Donald J. Trump ever again

- Deutsche Bank is teetering as it is

- he already owes the Chinese several hundred million last I saw

- Putin doesn’t dare front him the sum, through Alfa Bank or any other entity

So Kellyanne’s doing a fundraiser

http://www.dailykos.com/stories/2017/1/2/1616547/--Billionaire-Trump-Can-t-Pay-His-Transition-Team-s-Salaries

8 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Is Trump so broke that he can't pay salaries of his team? (Original Post) packman Jan 2017 OP
Shocked the team isn't paying salary through Junior's charity. sarcasmo Jan 2017 #1
Probably the real reason he tried to shut it down SeattleVet Jan 2017 #7
Some crony will give him the money to curry favor. Blue Shoes Jan 2017 #2
There are some very interesting rules about campaign finance HoneyBadger Jan 2017 #3
Putin says: " checks are in the mail Donny" SummerSnow Jan 2017 #4
Can't or won't? Generic Brad Jan 2017 #5
Follow the money Loge23 Jan 2017 #6
The federal government will provide $7 million to Trump's team hack89 Jan 2017 #8

SeattleVet

(5,477 posts)
7. Probably the real reason he tried to shut it down
Tue Jan 3, 2017, 03:08 PM
Jan 2017

before NY state told him that he couldn't do that while there was an active investigation.

Either way, he's stuck trying to juggle finances and doing fundraisers to keep up the appearance of being solvent.

Blue Shoes

(220 posts)
2. Some crony will give him the money to curry favor.
Tue Jan 3, 2017, 02:13 PM
Jan 2017

And then when he's president he'll probably reward them with govt contracts.

 

HoneyBadger

(2,297 posts)
3. There are some very interesting rules about campaign finance
Tue Jan 3, 2017, 02:15 PM
Jan 2017

He contributed $66M of his own money to his campaign, of which at least $10M went to him to pay for things used for him. His campaign probably has $60M left, just sitting there. All kosher. None of that can be used to pay for the transition.

Loge23

(3,922 posts)
6. Follow the money
Tue Jan 3, 2017, 03:06 PM
Jan 2017

I beleive that the money trail is the best chance to rid ourselves of this trump menace.
Trumps fiscal entanglements with China and Russia will ultimately be his undoing.
I would think that a few intrepid investigative reporters are probably working this angle as we speak. Clearly, he's hiding something.

hack89

(39,171 posts)
8. The federal government will provide $7 million to Trump's team
Tue Jan 3, 2017, 03:45 PM
Jan 2017

he can privately raise additional funds if he wants. He cannot use campaign money.

Latest Discussions»General Discussion»Is Trump so broke that he...