Showing posts with label grift. Show all posts
Showing posts with label grift. Show all posts

Thursday, July 2, 2026

As Trump reports $2.2 billion in 2025 income, ethics experts raise alarm; Los Angeles Times, July 1, 2026

Jenny Jarvie, Los Angeles Times; As Trump reports $2.2 billion in 2025 income, ethics experts raise alarm

"Ethics experts sounded the alarm Wednesday after new financial disclosure reports revealed that President Trump’s income ballooned to $2.2 billion in 2025, with $1.4 billion coming from various new cryptocurrency-related businesses.

“It’s bribery. It’s graft. It’s exploitation of public power for private financial gain,” said Kathleen Clark, a law professor at Washington University and an expert in government ethics. “Trump has — with the acquiescence of a somnolent, GOP-controlled Congress and the active assistance of John Roberts’ Supreme Court — transformed the presidency into a massive corruption racket.”

Trump reported income of over $600 million in 2024. But after he entered the White House in 2025, he reported that his income had soared to more than $2.2 billion."

Monday, April 6, 2026

The Trump presidential library would be a giant tower of grift; The Washington Post, April 3, 2026

, The Washington Post; The Trump presidential library would be a giant tower of grift

 "But the unknown funding and revenue questions raised by this structure are deeply serious. By the time of the Obama administration, about 95 percent of the presidential records were digital, meaning they didn’t require huge amounts of storage space. So, what will fill those 50 floors of space?

Will they be monetized, as apartments or offices? And if so, who will profit from them?

Despite numerous efforts by Congress to establish ethics guidelines and bring transparency to the fundraising for presidential centers, these institutions are still allowed to seek unlimited private donations without disclosing their donors.

Will the Trump library be some kind of hybrid nonprofit foundation, built with gifts solicited from private donors including, perhaps, foreign governments — yet also a for-profit real estate development that enriches Trump personally?

The great modernist architect Le Corbusier once said that a house is a machine for living. Libraries and museums might be thought of as machines for learning. The Trump presidential center appears intended to be a machine for emoluments, with one of the biggest emoluments in the history of America sitting in a giant hall at its base."