Trump family’s cash registers ring as financial meltdown plays out

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Financial Meltdown and Trump Family Business

The article details how the Trump family continued to profit from their business ventures amidst a major market crash. While financial turmoil gripped the nation, President Trump hosted a Saudi-backed golf tournament and fundraisers at his family's resorts in Florida.

Trump's Business Activities

The events, held at Trump National Doral and Mar-a-Lago, generated significant revenue. The article highlights the LIV Golf tournament at Doral, sponsored by Saudi Arabia's sovereign wealth fund, and high-priced fundraisers at Mar-a-Lago.

  • The Doral event included participation from prominent figures like Eric Trump and Yasir Al-Rumayyan.
  • Mar-a-Lago hosted a conservative fundraiser attended by high-profile guests and generating substantial income.

The juxtaposition of these lucrative events with the market's decline is central to the article's narrative.

Political and Economic Context

The article connects President Trump's implementation of tariffs with the market crash, emphasizing the paradoxical situation where his family profits despite economic instability. It notes that even amid a $5 trillion market value loss, Trump's properties were fully booked and thriving.

Public Reaction and Analysis

The reactions of attendees to the events showcase varying perspectives on the economic situation and Trump's business activities. Some expressed indifference to the market crash, while others viewed Trump's actions as pragmatic business practices.

The article also questions the motives behind Trump's aggressive fundraising efforts post-presidency, especially given his ineligibility for re-election.

Conclusion

The article concludes by highlighting the continuing success of the Trump family's business ventures, even amidst widespread economic instability, raising questions about ethics and the intersection of politics and commerce.

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