InvestorsHub Logo

europegoodold

08/14/15 4:03 PM

#16285 RE: europegoodold #16240

TRUMP PROFITS FROM FANNIE MAE INVESTMENT — It might not be a surprise that real-estate mogul Donald Trump has relied on the largest mortgage company in the world — Fannie Mae — to finance some of his developments, but his financial disclosures show the Republican candidate and firebrand has been profiting from a direct investment in what appears to be a corporate bond issued by the housing giant. The holding is part of an asset -management account Trump has with Deutsche Bank. The interest he's earning comes while Fannie is sending 100 percent of its profits to taxpayers after taking billions in bailouts. It's not known when Trump bought the security. He has in the past blamed Fannie and brother company Freddie Mac for the financial crisis (http://bit.ly/1WmUy7D) and now seems to have a stake in their continued survival. His campaign wouldn't comment.

One former congressional Republican aide emails saying that while it's hard to know if the general public will care about Trump's investment for now, "This particular income source might be utilized to help build a broader narrative" about him should the campaign survive.

http://www.politico.com/morningmoney/0815/morningmoney19599.html

Attack is the best defense (no need to tell that to Mr.Trump)...