Thesis: A Presidential Pronouncement Is Not His "Private Asset" -- To Be Sold. It Is A DUTY Of The Person Sitting At 1600 Penn. It Must Be Accessible To All, Simultaneously -- If It Will Move A Market.

Look -- I get it. The stock symbol DJT is off about 75% from its all-time high. The useful idiot and former MAGA Congressman Devin Nunes has long ago been ousted as CEO, and still the stock is falling.

Long-suffering investors are now likely looking for a way out -- any way out -- at something near breakeven. And so, in palpable desperation, they are convincing his "failsons" to try to sell "front running" access to the statements that 1600 Penn makes that will move markets.

Potentially lucrative? Sure. Lawful?! Very likely. . . not.

This sort of profiteering off of ones' own role in setting policy -- while not disclosing ones' conflicted interests. . . is exactly why the framers forebade it. In any event, I supsect it will never get off the ground -- fully. Federal judges will enjoin it. Bank on that. Here's the UK Guardian on it all, thus far:

. . .“He’s selling expedited, privileged access to information about what he is doing as president,” said Kathleen Clark of the Washington University School of Law and an expert in government conflict of interest rules. “It’s yet more brazen corruption, an improper exploitation of government power to enrich himself. . . .”

Stock in TMTG has plunged more than 70% since the president took office last year, erasing $6bn (£4.4bn) in shareholder wealth.

Those losses, along with billions more of investor losses tied to new Trump family crypto businesses, have drawn scrutiny after Trump’s annual disclosure of his financial holdings shows he took in more than $1bn in revenue last year in the same companies and offerings.

Trump launched TMTG in 2021 after Meta’s Facebook and X banned him for apparently encouraging his supporters to participate in the 6 January attack on the US Capitol. He went on to launch Truth Social in February 2022 and two years later floated the business – trading under the ticker symbol “DJT” – Trump’s initials – at an initial valuation of $8bn.

Trump indirectly owns about 53% of TMTG through shares he transferred to a trust in December 2024, a month before he took office, giving him a paper fortune of about $1.41bn based on TMTG’s current $2.67bn market capitalisation.

The US president earned $2.2bn in total in his first year back in office, according to a mandatory disclosure with the US Office of Government Ethics. . . .

What a vast waste of skin he (and his sons) are. Of course, he could remain silent, until he had actually completed a thing. But we all know he cannot keep his mouth shut (or tell the truth when it is flapping).

That said, I did quite relish when the Spanish (Champions!) soccer players pushed him to the side, so that they could celebrate WITHOUT him -- and when the majority of Meadowlands fans. . . booed him. Delicious -- but embarrassing -- in front of the world (again). Wow.

नमस्ते