- Joined
- Dec 31, 2007
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The walls are closing in now. No other accounting firm will touch the Trump organization now. This will lead to bankruptcy. But just watch, Trump and his fascist Nazi Reich-Wing news media flunkies and his fellow congressional seditionists, will be howling that they're the victim, while the ignorant, mindless minions will goosestep right behind them like good little brown shirts. Monsters and traitors and terrorists. All of them.
It may take a little while longer.
There's a loophole in the campaign finance laws that allows potential candidates to create political action committes (PACs) and collect millions of dollars that they can spend on whatever they want. It's not until they declare their candidacy that the campaign law restrictions come into play. After Trump was inaugurated in 2017, he immediately announced his candidacy for 2020.
When he lost in 2020, he converted his campaign to a PAC which allows him to collect money but bypass campaign finance laws. He's not announcing for 2024 because someone has advised him of the loophole.
The PAC's filings indicate it has $122 million in the bank. That's oddly close the amount of money that the Trump Organization needs to pay its lenders. Hmmm.
He's also trying to collect money for admission to his little rallies (which is lowering attendance, as his supporters seem more inclined to watch the car crash that is Trump when it is free).
As a PAC, he's restricted to a maximum of $5,000 in cash contributions to each candidate. Other than giving $1 million to Mark Meadows' foundation, the PAC hasn't spent a lot of money. Where's the rest of the money going?



































