Anthony Scaramucci, the founder of Skybridge Capital and former White House communications director, has recently shared some interesting insights into Donald Trump’s fundraising efforts. In a recent appearance on MSNBC’s “Morning Joe,” Scaramucci revealed that Wall Street executives are skeptical about lending money to Trump due to his history of not paying his debts.
According to Scaramucci, Wall Street bankers are amused by Trump’s attempts to raise money, as they are well aware of his track record of defaulting on payments to interior designers, architects, construction workers, and plumbing people. Scaramucci even went as far as to say that if Trump were rated by Moody’s, he would have a C-plus debt rating, which is specious.
Furthermore, Scaramucci raised questions about the source of the funds that Trump is seeking, hinting that it might not be coming from Wall Street. He also mentioned that Jared Kushner, Trump’s son-in-law, is not helping him, hinting at potential betrayal from within Trump’s inner circle.
Scaramucci concluded by stating that Trump may still end up getting the money he needs, but the question remains: where did he get it from? He emphasized that it is unlikely to be from Wall Street, as every distressed lender on Wall Street has given a declarative ‘no’ to lending to Trump. Scaramucci even mentioned a “giggle group chat” among Wall Street executives, expressing disbelief at Trump’s audacity in seeking half a billion dollars with a 15% coupon.
Trump’s financial situation has been under scrutiny, especially with his legal battles adding to the pressure. His former lawyer, Rudy Giuliani, recently filed for bankruptcy, citing unpaid legal fees from the ex-president as a claim in the filing. Amidst the intensifying 2024 presidential race, Trump has been making calculated efforts to charm influential Republican backers at Mar-a-Lago in an attempt to narrow the fundraising gap with President Joe Biden.
In conclusion, Scaramucci’s revelations shed light on the challenges Trump faces in raising money from Wall Street and the skepticism surrounding his financial dealings. As Trump continues his fundraising efforts, the source of his funds and his ability to secure financing remain key questions for both his supporters and critics.
