Breaking NYT: On Feb. 24, Trump's economic team privately addressed the Hoover Institution and implied that a COVID outbreak could prove worse than advisers were signaling to the public. Aides appeared to be giving wealthy party donors an early warning.
BREAKING—New records reveal that, while Trump & his advisors were publicly giving rosy outlooks on the pandemic, they were privately giving dire warnings to wealthy investors behind closed doors, triggering sell offs. So disgusting—They knew. #COVID19 🧵
When there were still only 17 virus cases in the US, Trump Administration officials tried to reassure the public. Their private comments to conservative supporters told a different story - and fueled a market selloff. Scoop with ⁦
Next stage of the virus scandal: While Trump and Kudlow told Americans that the virus was under control and stocks looked good, aides apparently gave "wealthy party donors an early warning" that let them short the market and dump losses on ordinary people.
NEW: As virus spread, reports of Trump administration briefings fueled Wall Street selloff. W/⁦
“The president’s aides appeared to be giving wealthy party donors an early warning of a potentially impactful contagion at a time when Mr. Trump was publicly insisting that the threat was nonexistent.”
🚨BREAKING: on the same February day that Trump falsely claimed the #coronavirus was “very much under control,” aides told the Hoover Institution the #outbreak could prove worse than publicly revealed, giving wealthy donors an early warning to SELL OFF.🤬
On Feb. 25, Larry Kudlow told CNBC the coronavirus was “contained…pretty close to airtight.” Hours later, he privately told investors “we just don’t know” if it is contained. When an investor saw a memo of the meeting, they said to “short everything.”
NEW: In February, as ⁦⁩ was publicly downplaying the virus, his administration was secretly telling a different story to conservatives. That inside info made its way to big investors. ⁦⁩ ⁦
Just when you think the Trump admin can’t be more despicable, cue . On Feb 24 when Trump tweeted #Covid was under control, his economic advisors were warning top US investors & hedge funds of what was really coming! #BidenHarris2020ToSaveAmerica
As Virus Spread Early On, Reports of Trump Admin Briefings Fueled Sell-Off: Trump aides appeared to give wealthy party donors an early warning of a potentially impactful contagion at a time when Trump was publicly insisting that the threat was nonexistent
"...traders spotted the immediate significance: The president’s aides appeared to be giving wealthy party donors an early warning of a potentially impactful contagion at a time when Mr. Trump was publicly insisting that the threat was nonexistent."
“The president’s aides appeared to be giving wealthy party donors an early warning of a potentially impactful contagion at a time when Mr. Trump was publicly insisting that the threat was nonexistent” ⁦
If Trump don't go to prison over this, there is no justice.
Elite traders had access to information from the Trump administration that helped them gain financial advantage during a chaotic three days when global markets were teetering--and they cashed in on it, in some cases.
You'll be shocked, shocked to learn that hedge-fund billionaires had inside info from the White House on how bad coronavirus would be, before the general public knew
Just as Trump's key economic advisers were publicly claiming that covid was under control, they were telling wealthy party donors in closed-door meetings that the financial sector that the sh*t was about to hit the fan (and the markets).
On Feb 25, hours after he “boasted on that the virus was contained .. Mr. Kudlow delivered a more ambiguous private message, .. according to a document describing the sessions obtained by the .” (via )
Trump gave wealthy investors a heads-up about the pandemic while he was lying to the American public.
Not only did Trump lie to Americans about COVID, he told his rich friends so they could profit from our pain. Unforgivable
On Feb 24, hours after he “boasted on that the virus was contained .. Mr. Kudlow delivered a more ambiguous private message, .. according to a document describing the sessions obtained by the .” (via ⁩)
You may recall that in the week after the Hoover Institution's board was getting a heads-up that COVID was probably going to be really bad, Richard Epstein—one of their senior hacks—was confidently predicting that the total death toll would be about 500.
Trump privately told wall street insiders and big Republican donors that the coronavirus would have a devastating impact while he was publicly claiming it was all under control.
In Feb, hours after boasting on CNBC that covid was contained, “pretty close to airtight,” Kudlow delivered a more ambiguous message in private meeting w Hoover board. He asserted that virus was “contained in the U.S., to date, but now we just don’t know"
200,000 dead but at least hedge funds made some good money 👍🏼
“The president’s aides appeared to be giving wealthy party donors an early warning of a potentially impactful contagion at a time when Mr. Trump was publicly insisting that the threat was nonexistent.”
More sketchiness involving the Hoover Institution ... As Virus Spread, Reports of Trump Administration’s Private Briefings Fueled Sell-Off
A different story than what the American public got. But, hey, who’s more important for this administration?
.⁦⁩ rears its head again.