Post #2682 by tjscott0 on the Macroeconomic Trends and Risks board

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https://responsiblestatecraft.org/trump-boeing-int...
He also bought upwards of $5 million in Intel bonds after announcing the US government was buying a 10% stake in the company

Trump bought up to $6 million worth of corporate bonds in Boeing, even as the Defense Department has awarded the company multi-billion dollar contracts, new financial disclosures reveal.

Upon entering office, Trump did not move his assets into a blind trust run by an independent trustee that could not be directed by the Trump family. Instead, he opted to hand over his business empire to his sons. The White House did, however, insist that the bond purchases were made by independent financial managers “using programs that replicate recognized indexes when making investments.”

While Trump is not violating any ethics rule, there is a norm that presidents do not own investments in individual companies.

Meanwhile, the Trump administration has breathed a new life into Boeing. In March, Trump announced that Boeing would receive the coveted $20 billion development contract for the Air Force’s future F-47 fighter jet. The program is sure to be a cash cow for Boeing. Dan Grazier, a Senior Fellow at the Stimson Center, told the Associated Press then that the $20 billion price tag is just seed money. “The total costs coming down the road will be hundreds of billions of dollars,” he said.

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