Trump Advisors: A cackle of hyenas, a conspiracy of ravens, a passel of pigs. What links them?
In this case, the reference is to his financial advisors:
A group of high-profile investors who got rich buying up distressed assets have found their latest turnaround project: Donald Trump’s campaign.
The Republican presidential nominee last week announced his team of economic advisers, calling the 14 men a “formidable group of experienced and talented individuals.” The group, including nine drawn from real estate and finance, will help shape Mr. Trump’s policies on trade, jobs, regulation and taxes.
Those nine are united by more than their wealth. On Wall Street, they are outsiders, known for audacious bets and, sometimes, spectacular flameouts. Five of them are among Mr. Trump’s biggest donors, contributing a total of $1.7 million in recent months to his campaign’s joint fundraising efforts with the Republican Party.
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Six individuals on the Trump economics team, including Mr. Barrack, have at times pursued “distressed investing,” going after assets such as soured mortgages or the debt of struggling companies. When companies restructure their balance sheets, distressed investors can make a neat profit. But the strategy is risky, and is confined to a corner of the finance world.
Investor Wilbur Ross said Mr. Trump and Paul Manafort, the campaign’s manager, asked him to help formulate trade policy, owing to his long experience as a distressed investor in industries affected by imports and exports, from cars to textiles.
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read:http://www.wsj.com/articles/what-links-donald-trumps-economy-team-1470867987
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