Donald Trump wrote a book about his business acumen and even started a ‘university’ to teach it to others. But like most things Trump, the reality is not as good as he says it is.
I once spoke to a banker about the traders in his company that used computers to trade massive amounts of money and make a few cents on each trade. It was impressive. He replied, not so much. The traders were trading using the bank’s money for free. If they had to borrow the money at market rates instead they would be losing their shirts.
It is a good bet that Trump Inc. is built on a similar model. The economics of his business deals are probably based on getting financing from unsavory characters (alleged mobsters and worse), highly aggressive tax maneuvers and illegal undocumented quid-pro-quo agreements. Trump Inc. might not be a money launderer per se, but you won’t have to scratch the surface very deeply to find the rinse cycle.
This is why Trump is so afraid of Robert Mueller’s investigations. They are bound to uncover the extent of the shady deals he and his family have done to stay in business. And since he and his family make all of the important decisions, there really aren’t a lot of henchmen to take the fall when the truth comes out.
So in addition to the Charles Kushner pardon pool, we ought to be thinking about wagering on pardons for Donald Trump, Jr. and Jared Kushner.