At a glance
Trump reported 21,000 stock trades during his first year in office, vastly exceeding Biden's 13 trades during his entire presidency, raising questions about potential conflicts of interest.
Trump reported 21,000 stock trades during his first year back in office. Biden made 13 trades during his entire presidency. The contrast is stark, and it's not because Trump was day-trading from the Oval Office—he's using trusts and financial managers. But the volume is unusually high for someone in the presidency.
The core conflict-of-interest problem is simple: a president whose wealth is tied to daily stock movements has an incentive to make policy decisions that move markets rather than policy that serves the country. It's not illegal, and it's not proven that it's happened. But the raw numbers make the conflict visible in a way it usually isn't.
Citation trail
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