2016 Postmortem
Related: About this forumJust a thought -- a way to make a cool hundred million if you're a sleazy billionaire
Enter a presidential election. Spend very little of your own money on the campaign. Bet heavily against yourself through proxies all over the world. Then blow the election.
It's just a bizarro theory in a bizarro election season. It's interesting, though, considering the billionaire candidate that continually sabotages himself is likely to still have connections in casinos/gambling worldwide.
canetoad
(17,169 posts)Maybe not so bizzaro. It goes on all the time in other arenas, why not the presidential election?
Freelancer
(2,107 posts)Or another golf course.
scscholar
(2,902 posts)Freelancer
(2,107 posts)Hundred-millionaire? Who knows?
csziggy
(34,136 posts)Freelancer
(2,107 posts)Sunlei
(22,651 posts)Republicans are pros at grabbing free money.
Freelancer
(2,107 posts)Maybe Trump or one of his kids took out a loan, planning, in Trump-fashion, not to repay. Only, this time, they found that the loan had been bought up by a Russian oligarch. Bankruptcy is no longer an option. If their real assets don't match what's been inflated for public consumption, perhaps they couldn't repay. Could an arrangement be made where the oligarchs are repaid with proceeds from betting on a thrown election?
There's going out on a limb, and then there's going out on a twig. This is probably a twig. It's sad, though, that we have a candidate that suggests this kind of speculation, and who's financial dealings are so opaque that this kind of thinking can't be completely discounted.
canetoad
(17,169 posts)I might try to find out more, if I can.
Starting with this article from early August:
https://news.vice.com/article/trumps-economic-team-includes-big-short-billionaire-who-bet-against-us-housing-market
Donald Trump unveiled his team of economic policy advisors Friday, which includes five men named Steve, and poker player and hedge fund investor John Paulson, the short-seller best known for making billions from betting against the housing market before the 2007 crash.
Paulson became famous for placing big bets that subprime mortgages were about to fail en masse, and at one point was making $10 million a day, or $4 billion total at the peak of the housing collapse, according to the Wall Street Journal. A broker once called Paulson in 2007 to remind him he had an account with $5 million left in it which Paulson had apparently forgotten about since it was such a small sum. His firm Paulson & Co. has had a pretty uneven record ever since.