‘This is truly insane’: Trump stuns with eye-popping multi-million-dollar purchase

Buried within a mountain of financial disclosures made public recently is a potentially multi-million-dollar purchase made by President Donald Trump between August and October, a purchase that has left some critics stunned by its lack of news coverage.

“In a normal administration, this would be a huge scandal,” wrote journalist and political commentator Molly Jong-Fast in a social media post on Tuesday on X.

The purchase was, according to a report Tuesday from The New York Times, for between $1 million and $5 million worth of corporate debt of the technology company Intel. The disclosure was published amid the Trump administration’s decision to secure a more than $11 billion stake in the company, making the U.S. government hold 10% of the company’s stock.

“This is truly insane,” wrote journalist Ryan Grim in a social media post on X Tuesday, responding to the news.

Intel is not the only company Trump has personally invested in. Last week, reporting showed that Trump had also purchased as much as $6 million in corporate bonds for the weapons manufacturer Boeing, a purchase made close to the company being awarded a $877 million contract from the Defense Department.

Back in September, Trump also purchased between $500,000 and $1 million worth of Boeing bonds. Since January, Trump has purchased, at a minimum, $185 million worth of bonds.

These personal investments of the president continue to run in tandem with the Trump administration’s unprecedented purchases of company stocks and bonds, which officials say are being carried out in the interest of national security.

“It is an unusual new strategy that has already committed more than $10 billion in taxpayer funds and shows little sign of slowing,” wrote the Times reporter Ana Swanson in a report on Tuesday.

“The government’s growing portfolio of corporate ownership involves minority stakes, or the option to take them in the future, in at least nine companies involved in steel, minerals, nuclear energy, and semiconductors, a New York Times analysis found. The deals were all struck in the past six months, with the bulk made in October and November.”