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Tim O'Brien Profile picture
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20 Jul, 5 tweets, 2 min read
The perils of riding the Trump bandwagon, and possibly lining your pockets along the way:

Tom Barrack, the founder of Colony Capital and a former top Trump fund-raiser, was arrested on charges of acting as an unregistered agent of a foreign government. bloomberg.com/news/articles/…
Barrack and two others are charged with illegal efforts to advance the interests of the UAE in the US at the direction of senior UAE officials. They are alleged to have done so by influencing the foreign policy positions of the 2016 Trump campaign and then the new administration.
The indictment also charges Barrack with obstruction of justice and making multiple false statements during a June 2019 interview with federal law enforcement agents.
A reminder that Barrack's investment funds were heavily dependent on Saudi and UAE $$; he tried brokering a bailout of Jared's 666 Fifth Ave debacle through Qatar; he worked closely with the UAE's ambassador, Yousef al-Otaiba, etc., etc.

nytimes.com/2018/06/13/wor…
Barrack's relationship with Trump dates back to Trump's ill-fated and ill-advised purchase of the Plaza Hotel in NYC in 1988. Barrack repped the Bass brothers in the sale and Trump wildly overpaid. Inevitably, Trump drove the hotel into bankruptcy. But he and Barrack stayed chums

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More from @TimOBrien

Tim O'Brien Profile picture
18 Jul
Sometime next month, for the first time, the government is likely to declare a water shortage at Lake Mead. Arizona and its farmers will get hit first, but the water crisis will touch everyone.

Inside the Southwest’s two-decade mega-drought. bloomberg.com/graphics/2021-…
“If the drought persists or accelerates, then this becomes a race against time. The Colorado River Compact, drafted in the wake of two decades of unusually abundant rains, allocated more water than the river could provide. Now Mother Nature is forcing the Southwest to adjust.”
Read 5 tweets
Tim O'Brien Profile picture
12 Jun
“While Trump may be prosecuted for financial crimes he potentially committed before he became president, what is most important to go after are his actions during his time in office, especially those after the 2020 election.” apps.bostonglobe.com/opinion/graphi…
- Obstruction
- Electoral fraud
- Insurrection
“Trump’s presidency didn’t just expose glaring legal weaknesses: It also made clear that our institutions are incapable of holding presidents accountable for breaking even our existing laws.”
Read 4 tweets
Tim O'Brien Profile picture
7 Jun
US investigators have recovered millions of dollars in cryptocurrency paid in ransom to hackers whose attack prompted the shutdown of the Colonial Pipeline last month.

Maybe cryptocurrencies aren't as untraceable as we thought. cnn.com/2021/06/07/pol…
"In some cases, US officials can find the ransomware operators and "own" their network within hours of an attack, one of the sources explained, noting that allows relevant agencies to monitor the actor's communications and potentially identify additional key players."
Colonial Pipeline paid its ransom in cryptocurrency. There's a reason for that: bloomberg.com/opinion/articl…
Read 4 tweets
Tim O'Brien Profile picture
7 Jun
Serial bankruptcy artist and scamster weighs in on Bitcoin.
If somebody from Russia walked into Mar-a-Lago with a bag of cash and a proposal to create and market a Trumpcoin, Trump would pounce on it in seconds.
And there it is: coinmarketcap.com/currencies/tru…
Read 5 tweets
Tim O'Brien Profile picture
18 May
1/x: No, it really didn’t @ggreenwald. It informed a minor subset of reporting around Trump and Russia, but was hardly the crux — even conceding errant and/or misguided reporting associated with it.

You want the Steele dossier to be the Rosetta Stone of Trump-Russia reporting…
2/x:…because it gives you a convenient excuse for all of reason the knee-jerk apologias you kept pushing about Russia during all of this. But there was plenty of important history, hardcore facts and intersections between Trump and Russia quite apart from the Steele dossier…
3/x…that made that line of reporting necessary and valuable — even though you were either willfully ignorant about it, or just simply ignorant about it.

So if you want to go down the Trump-Russia road, raise your game and stop leaning on the Steele dossier as a crutch.
Read 6 tweets
Tim O'Brien Profile picture
26 Apr
Critics of Biden’s capital gains tax hike have been relying on voodoo instead of facts. It’s almost like invoking hamburger shortages. bloomberg.com/opinion/articl…
The wealthiest 1% of Americans reported about 75% of all long-term capital gains in 2019, according to the Tax Policy Center, with the wealthiest 0.1% — the cohort with annual incomes above $3.8 million — hauling in more than half of all capital gains.
The stock market overall has been on a mammoth upward swing since 1987 despite seismic upheavals such as the 2008 financial crisis and the arrival of the Covid-19 pandemic last year. It continued soaring despite capital gains hikes as well.
Read 4 tweets

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