Throwback Thursday in Politics: More Trump, More Emails, and AT&T Merger

We are so close to the weekend.

What have you missed today in politics while you were anxiously monitoring the markets? A lot.

Time’s Up For The Trump family

On Thursday, June 14, the Attorney General of New York, Barbara Underwood, filed a lawsuit to bar the Trump family from getting involved with any charities.

In the complaint, Underwood claims that the Trump family misused charitable resources.

The filing “alleges a pattern of persistent illegal conduct, occurring over more than a decade, that includes extensive unlawful political coordination with the Trump presidential campaign, repeated and willful self-dealing transactions to benefit Mr. Trump’s personal and business interests, and violations of basic legal obligations for non-profit foundations.”

The Trump family has faced heavy scrutiny for charitable donations in the past. Now, New York is saying that enough is enough.

The lawsuit also said, “As alleged in the petition, Mr. Trump used the Trump Foundation’s charitable assets to pay off his legal obligations, to promote Trump hotels and other businesses, and to purchase personal items. In addition, at Mr. Trump’s behest, the Trump Foundation illegally provided extensive support to his 2016 presidential campaign by using the Trump Foundation’s name and funds it raised from the public to promote his campaign for presidency, including in the days before the Iowa nominating caucuses.”


Is time up for the Trump family shenanigans? Or is this just the latest one to be unveiled?

Trump responded to the lawsuit in—you guessed it!—a series of tweets.

The sleazy New York Democrats, and their now disgraced (and run out of town) A.G. Eric Schneiderman, are doing everything they can to sue me on a foundation that took in $18,800,000 and gave out to charity more money than it took in, $19,200,000. I won’t settle this case!…

— Donald J. Trump (@realDonaldTrump) June 14, 2018

….Schneiderman, who ran the Clinton campaign in New York, never had the guts to bring this ridiculous case, which lingered in their office for almost 2 years. Now he resigned his office in disgrace, and his disciples brought it when we would not settle.

— Donald J. Trump (@realDonaldTrump) June 14, 2018

It might be worth mentioning that Trump also said that he wasn’t going to settle the Trump University case, and then settled it.

Guess time will only tell how this will play out.

Why is the market ignoring Trump tariff threats? TheStreet’s Executive Editor Brian Sozzi discusses below.


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About Those Emails…

The Justice Department found that James Comey, the ex-FBI director turned author, was insubordinate in his investigation into Hillary Clinton’s emails, which he publicly discussed while she was running against Trump for president.


But it doesn’t seem like Comey’s insubordination affected the outcome of the investigation.

On the other hand, we also got the full report from the Inspector General’s office.

The report, which is a whopping 568 pages, details the investigation into the Clinton emails. Forget what happened there? Basically, the FBI opened an investigation into Clinton’s conduct while secretary of state after it was revealed that she had handled classified information on her personal email account. Yeah, that’s definitely a no-go.


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