Sarah Paulson and Wendell Pierce reveal top Tony Award nominees
Sarah Paulson and Wendell Pierce reveal top Tony Award nominees - CBS News Watch CBS News Tony winners Sarah Paulson and Wendell Pierce join "CBS Mornings" to announce this year's major nominees and share memories from their acclaimed stage performances. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On #Sarah #Paulson #Wendell #Pierce…
Sarah Paulson and Wendell Pierce reveal top Tony Award nominees - CBS News Tony winners Sarah Paulson and Wendell Pierce join "CBS Mornings" to announce this year's major nominees and share memories from their acclaimed stage performances. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now
Schemes for Privatizing Freddie and Fannie
#John #Paulson, the hedge fund billionaire, 🔸could score big if the federal government’s housing finance companies, Freddie Mac and Fannie Mae, are privatized.
He and #Bill #Ackman of Pershing Square Holdings,
another supporter of Mr. Trump’s,
each purchased stakes in Fannie and Freddie, 🔸which the federal government spent $187 billion to bail out in 2008.
There is no formal public accounting of just how many preferred shares Mr. Paulson still controls, and a spokesman for Mr. Paulson declined to discuss the matter.
Mr. Ackman’s investment in Fannie Mae common stock alone included 115.5 million shares, or 10 percent of the total.
Under the new Trump administration, John Paulson, the hedge fund billionaire, could cash out of his investment in the federal government’s housing finance outfits, Freddie Mac and Fannie Mae.
⭐️What is clear is that Freddie and Fannie stocks surged at least 140 percent since Mr. Trump was elected,
a hint of profits that could soon be secured if the privatization goes ahead.
⚠️Advisers and former aides to Mr. Trump have already predicted that the companies are likely to go private during his new term,
💥although it might require bypassing approval by Congress.
Mr. Paulson declined requests to comment. In an interview with Bloomberg Television in September, he agreed the time had come for the federal government to unload Fannie and Freddie.
“They are now in a position where they’re fairly well capitalized,” Mr. Paulson said, “which would make privatization logical
During this year's Republican primaries, Nelson Peltz gave $100,000 to a super pac supporting Tim Scott,
the South Carolina senator,
but Scott dropped out before a single G.O.P. vote was cast.
By the time of Peltz’s dinner, it was clear that Trump would secure the Republican nomination for an unprecedented third consecutive election.
Peltz, who was no longer on speaking terms with the ex-President, opened the discussion with a blunt assessment of the race.
🔥“I don’t like Donald Trump,” an attendee recalled Peltz saying.
“He’s a terrible human being, but our country’s in a bad place, and we can’t afford Joe Biden.”
So, Peltz concluded, however much they might dislike it, ❌“we’ve all got to throw our support behind him.”
Some of Peltz’s guests remained skeptical,
holding to the view, as the attendee put it, that
“Trump’s a terrible person
—I’m going to focus on the Senate.”
Most of the donors, however, adopted a more pragmatic approach to the ex-President.
Many of them had been granted significant access to the White House during his four years in office.
Some were expected to be considered for senior roles in a second term:
Trump has personally floated the name of the hedge-fund tycoon #John #Paulson, for instance, as a potential Secretary of the Treasury, touting him as
💥“a money machine.”
“They know how transactional he is,” the attendee told me.
“They’re hoping to have some influence over the course of appointments and therefore the direction of his Administration.”
A few of Peltz’s guests were all in.
#Steve #Wynn, the Las Vegas gambling titan, has known Trump for decades;
his wife, #Andrea #Hissom, is close to the former First Lady, Melania, and the two couples have spent time together in Palm Beach.
And then there was #Elon #Musk, the world’s richest man, who had reportedly got to know Peltz through Peltz’s son #Diesel, a tech entrepreneur.
At the time, Musk had said that he would NOT back a candidate in the Presidential race.
♦️By the fall, he would enthusiastically endorse Trump, spending $75 million to support him through a new super pac,
-- and spreading pro-Trump lies and conspiracy theories on his social-media platform, X.
Trump, the richest man ever to serve in the White House, is himself a billionaire,
though the extent of his wealth has long been in question.
(As of mid-October, with stock in Trump’s social-media venture, Truth Social, experiencing a pre-election bounce, Forbes estimated his net worth at about $5.5 billion.)
In 2016, Trump hardly bothered to court big donors.
He was shunned by much of the G.O.P. élite and largely self-funded his Republican primary campaign.
He lambasted Jeb Bush, the brother and son of Presidents, as a tool of the moneyed class.
👉“Super pacs are a disaster,” Trump said in a 2016 debate.
“They’re a scam. They cause dishonesty.
And you’d better get rid of them, because they are causing a lot of bad decisions to be made by some very good people.”
⚠️But in 2020, as an incumbent President, Trump embraced super pacs and their funders.
The two main super pacs supporting his campaign raised
💥$255 million on his behalf that year;
his total fund-raising came to more than
💥 $1 billion.
However, Biden, like Hillary Clinton four years earlier, raised even more than Trump,
bringing over-all spending in the 2020 Presidential race to a record🔥 $5.7 billion.
‘October 7 was a turning point’: Trump’s pro-Israel fundraising accelerates
ALMOST AS SOON AS PRESIDENT JOE BIDEN announced he would halt a weapons shipment to Israel, Steve #Witkoff’s iPhone started buzzing.
“Every one of my friends started calling and asking, ‘What can I do for Donald Trump?’” Witkoff, a pro-Israel donor and fundraiser for Trump’s presidential campaign, told The Bulwark.
https://www.thebulwark.com/p/october-7-turning-point-trump-fundraising
#Paulson #Ross #Wynn #Lutnick #Wood #Loeffler #Troutt #McMahon #Mercer #Malik #McEvoy #Kurtz
Last month the New York Times reported on a dinner Donald Trump had with a small group of donors,
-- including large backers of his 2016 campaign, Robert #Mercer and his daughter Rebekah Mercer.
Other attendees included entrepreneur Omeed #Malik, cosmetics firm founder Trish #McEvoy and real estate billionaire Richard #Kurtz.
In April the Mercers and Malik were among a few dozen co-chairs of a Trump fundraising dinner hosted by John #Paulson, along with other notable co-chairs including Wilbur #Ross, Steve #Wynn, Howard #Lutnick, Robert #Wood, Kelly #Loeffler, Kenny #Troutt and Linda #McMahon – who is also a board director of Trump Media which owns Truth Social.
The Trump campaign claimed it raised over $50 million at the event.
Consider the possibility that the hyper-wealthy, ensconced in a world of luxury and privilege, might actually be more racist than the fanny pack crowd sitting in the cheap seats at a Trump rally.
Certainly, Donald Trump thinks as much and indicated so at a recent fundraiser in Palm Beach, Florida.
As reported by the New York Times, the event was held at the home of the billionaire financier #John #Paulson and attended solely by extremely wealthy people, there to soak up Trump's promises of another tax cut for the rich.
It was in this safe space of other rich people that Trump escalated the already hair-raising levels of racist rhetoric he uses at his rallies.
"Why can’t we allow people to come in from nice countries," Trump whined. "Nice countries, you know like Denmark, Switzerland? Do we have any people coming in from Denmark? How about Switzerland? How about Norway?”
https://www.salon.com/2024/04/10/busts-the-myth-behind-the-maga-rich/
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