Trump opens the door for private equity and crypto as 401k options
NEW YORK (AP) — Millions of Americans saving for retirement through 401(k) accounts could have the option of…
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https://www.newsbeep.com/47129/
S&P 500 is up by more than half since #Biden took office. #Billionaires such as #SteveSchwarzman have doubled their net worth ($50bn in his case). Yet they're going for #Trump with eyes wide open. Edward Luce’s @FT column on "What Croesus wants from Trump".
https://archive.ph/2024.10.22-192444/https://www.ft.com/content/1698fc6f-fc2d-49d9-afd1-84b33367fc98
“His campaign would have you believe that our nation’s top chief #executives are returning to support Trump for #POTUS, touting declarations of support from some prominent financiers #SteveSchwarzman & #DavidSacks.”
“That is far from the #truth. They didn’t flock to him before, & they certainly aren’t flocking to him now. #Trump continues to suffer from the lowest level of #corporate support in the history of the #Republican Party.
#GiftArticle #BidenHarris2024 #economy #finance #Trumpaganda
PE barons are shameless about presenting themselves as upstanding cits, unfairly maligned. When Obama made an empty promise to tax billionaires in 2010, Blackstone founder #SteveSchwarzman declared, "It’s a war. It’s like when Hitler invaded Poland in 1939."
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