Politics Trump Owns Stock in Company that produces Hydroxycloroquine

Discussion in 'Blazers OT Forum' started by wizenheimer, Apr 7, 2020.

  1. wizenheimer

    wizenheimer Well-Known Member

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  2. illmatic99

    illmatic99 formerly yuyuza1

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    This went off patent decades ago, so it's been generic for a while. Not sure how much money he can really make off it if Sanofi shares climb really, but still, shady as F. And not unexpected.
     
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  3. yankeesince59

    yankeesince59 "Oh Captain, my Captain".

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    Cue the Trump apologists in 7,..6,..5....
     
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  4. CupWizier

    CupWizier Well-Known Member

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    Supposedly the governement just put in a large order to Sanofi. Rudy G also purchased a large amount of Sanofi stock as well recently.
     
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  5. TBpup

    TBpup Writing Team

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    In the interests of full disclosure, many of my clients do as well as part of their diversified portfolio. Unless it is individual stock, if you have mutual funds which are funds of funds, you own a LOT of different interests, some of which you may not even be aware of.

    What would be much more surprising is if the NY Times wrote something positive about this particular president....for anything. Not an "apologist", but after a while, the same negative vein day after day starts to loose a level of objectiveness.
     
  6. bodyman5000 and 1

    bodyman5000 and 1 Lions, Tigers, Me, Bears

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    This is as good of a thread as any to publicly state if you will or will not take this drug if you get this virus.

    I'll be first. After seeing that CA doctor in an interview about this drug and zinc I'm all in.

    Who's with me?
     
  7. UncleCliffy'sDaddy

    UncleCliffy'sDaddy We're all Bozos on this bus.

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    [.............deafening silence.............]
     
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  8. ABM

    ABM Happily Married In Music City, USA!

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  9. julius

    julius Global Moderator Staff Member Global Moderator

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    diversification isn't an issue. It's coincidentally having stock in a product that you just randomly bring up as a cure for something that is ravaging the country that is an issue.

    IF this is true, and considering how much of a con artist he is, what more would he have to do to get people to admit he wasn't qualified to be president.
     
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  10. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    I heard its a small portion of a mutual fund owned by a trust totaling like $400. The drug is off-patent, there isn't much money to be made off it, if at all.

     
    Last edited: Apr 7, 2020
  11. bodyman5000 and 1

    bodyman5000 and 1 Lions, Tigers, Me, Bears

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    Randomly? Lol.

    Ask that Dr in California that is giving it to patients with zinc if he did it because of Trump.
     
  12. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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  13. CupWizier

    CupWizier Well-Known Member

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    well, the trump apologists have now appeared. Slurp slurp. :smiley-195517897341:smiley-195517897341:koolaid:
     
  14. illmatic99

    illmatic99 formerly yuyuza1

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    we all realize it's prolly meaningless, but it shouldn't even be an issue. There is a reason the emoluments clause exists in the constitution.
     
  15. TorturedBlazerFan

    TorturedBlazerFan Well-Known Member

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    I thought the emoluments clause was about profiting from other foreign governments and officials? Am I misremembering that, or missing something here?
     
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  16. bodyman5000 and 1

    bodyman5000 and 1 Lions, Tigers, Me, Bears

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    Totally wrong. It is about stopping a dictator from infecting China with a virus and creating a global pandemic that will allow him to ruin the economy but still double his 400 bucks off of "snake oil"
     
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  17. TBpup

    TBpup Writing Team

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    So the NYT's is writing about between $29-$435 of stock? Wow, an even bigger waste of time than previously thought. What if he owned Boeing stock? They are one of 2 large commercial airplane producers in the world. So he can't comment on them? What if he owns an iPhone? This is sillyness when it is that ridiculously small amount of stock.
     
  18. barfo

    barfo triggered obsessive commie pinko Staff Member Global Moderator

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    There's nothing to to the story that Trump is trying to profit from this. It's a cheap generic with lots of manufacturers, many of which are willing to donate the pills. There is no significant money to be made from that.

    Trump is hawking it for the same reason he was previously claiming cases would miraculously go to zero.

    barfo
     
  19. wizenheimer

    wizenheimer Well-Known Member

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    kind of like what the NY times did for several years on Hillary's emails....media loves scandal, and that is not a new phenomenon

    a story like this will gain plenty of traction whether it's warranted or not

    it starts with trump's repeated mentions of the drug that still remains unproven. We know he's getting plenty of push-back and warnings about the drug's viability, as well as side effects, but he keeps bringing it up

    but more that that is just the history of trump and money and corruption

    * repeated bankruptcies
    * the corruption and incompetence of Trump University and Trump Charities, both of which had to be closed
    * trump's miraculous ability to secure loans after exaggerating his financial statements
    * timely above market value purchases of condos at trump properties by foreign investors, mostly Russians
    * hush money payments to porn stars/models
    * an unprecedented fast track for trademarks in China for Ivanka
    * air force officers staying at a trump property in Scotland when cheaper, closer options were available
    * Secret service paying above market rates for lodging at trump properties
    * using congressional approved funds as leverage to coerce a foreign nation to aid his re-election
    * trying to force Deutsche Bank bank to allow suspension of loan payments on over 300 million debt at the same time his justice department is investigating the bank

    so yeah, a story about trump owning stock in a company that makes a drug he keeps praising fits a pattern and will seem credible, whether or not there's much to it. You can blame the media, as trump-world does all the time, but there's way too much stench rising out of the trump swamp to disregard a story like this

    by the way, speaking of really fishy timing: it's pretty interesting that trump waited till now to fires the IG that brought the whistleblower complaint to congress. Might it be that he was the IG selected by the 10 IG's to chair the panel that will oversee the spending of the 2 trillion stimulus package. With that IG gone, trump was able to appoint a yes-man to fill the vacancy
     
    Last edited: Apr 7, 2020
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  20. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

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    I see no problem with the small amount of stock that Trump owns. What is weird is that Fox news host Laura Ingraham made a special trip to the white house to pitch the use of it to Trump.
     

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