Patriot, Elder’s Opinion, Analysis, And Speculation – Do you remember when Anthony Scaramucci couldn’t say enough nice things about President Trump?
Nobody ever heard of this dope until he met me. He only lasted 11 days! pic.twitter.com/RzX3zjXzga
— Donald J. Trump (@realDonaldTrump) August 20, 2019
So what happened? Let the Mooch explain in his own words:
Aside from vague recantations of left wing talking points Scaramucci offered nothing substantive other than that this president is divisive, another claim by leftists that is without merits.
— Maria Bartiromo (@MariaBartiromo) August 19, 2019
So what would make a once committed supporter turn on the president he claimed to hold in high regard. Let’s take an educated guess.
On Monday, July 31, 2017, Scaramucci was fired after 11 profanity-laced days on the job.
(Business Insider, July 24, 2017) Let’s not be naive. If I told you that a firm with ties to a sometimes adversarial foreign power was trying to overpay a Trump administration official for their now struggling business, you might say, “Gee, that seems like a conflict the White House doesn’t need right now.”
New White House communications director Anthony Scaramucci has joined the Trump administration with a $180 million conflict of interest hanging over his head. It’s the same conflict that reportedly kept him out of the White House months ago, and it’s only gotten stickier since then.
Scaramucci is selling his $5.6 billion financial firm, SkyBridge Capital, to a number of investors. Chief among them is a Chinese financial firm with strong ties to the ruling Communist Party, called the HNA Group.
“HNA is looking for influence in an administration that looks like it is positioning itself to be anti-China,” Derek Scissors, a China specialist at the American Enterprise Institute, told The New York Times earlier this year.
Pursuant to section 721 of the Defense Production Act of 1950, the Treasury must review any transactions that would result in control of a US business by a foreign person under the Committee on Foreign Investment in the United States (CFIUS).
The passage of time has proven that the Trump administration has directed CFIUS to be especially tough on approving international deals when it comes to businesses that could affect national security.
Now here is where it gets somewhat dicey. Investors had pulled at least $1.6 billion from Skybridge’s flagship fund. That raises the question as to why HNA was willing to seemingly, in my opinion, overpay for Scaramucci’s fund of funds.
More than a year later, CFIUS had still refused to approve the sale and HNA Group dropped its bid for Skybridge Capital, and from what I understand, with that decision cost Scaramucci a $180 million payday.
This couldn’t have sat well with the Mooch. How to make up that loss? Seems reasonable to try and get hired back into the White House where the opportunity exists to trade off of insider information – something I would think would be of great value to a funds manager. Ask George Soros how that works.
From what I understand, there was only one problem for the Mooch, after months of begging for a job in the administration, Trump wouldn’t hire him back.
How come I have not heard about this on the TV? Things that make you go hmmmm.