Trump’s Probably $2 Billion in the Hole

Donald Trump’s businesses owe $1.8bn to more than 150 different institutions, new study suggests” – Ben Kentish, The Independent

Surely, since he’s so rich, he can and will pay off the $1.5 billion out of his own pocket to avoid any perception of conflicts of interest. I’m sure that’s what he plans to announce at the press conference he’s sincerely going to have on January 11, where he tells us how he’s going to disentangle from his businesses.

Contrast with Rex Tillerson, whose divestiture moves are some combination of ethical, sneaky, costly, lucrative, and a good demonstration of how mutual fund investment makes conflicts of interest really complicated. (If you invest in “the market,” anything in the market is potentially a conflict of interest. For reference, Obama parked his money in Treasury bonds. Which were making terrible returns, but somehow I think he’s going to do ok.)