Billionaire Trump confidant Thomas Barrack calls friend's presidency 'disastrous' for his business

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Billionaire investor Thomas Barrack testified Monday that his friend Donald Trump's presidency was 'disastrous' for his business.

By Alyssa Spady, Clare HymesThomas Barrack leaves U.S. District Court for the Eastern District of New York in a short recess during jury selection for his trial on Sept. 19, 2022 in New York City. Billionaire investor Thomas Barrack testified Monday that his friend Donald Trump's presidency was"disastrous" for his business.

However, Barrack testified, his connection to the administration made shareholders of his company, Colony Capital,"upset" and was the reason he said he was"sitting with all of you today." When asked if he regrets his support for Trump's campaign and his association with the administration once in office, Barrack told the jury,"in hindsight, unquestionably," adding that politicians, regardless of party, are"just involved in ugliness."

Barrack's testimony came a day after Trump posted on his social media platform about the case, disputing the prosecutors' charges. Trump and Barrack have spoken at least once since the trial kicked off last month, according to a source familiar with the matter.

 

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Great news!

Bullshit. The stock market was at an all time high. Stop with the fake bullshit. That Billionaire investor was making money at a record pace

😂😂😂😂🤪🤪😂😂😂😂😂😂😜😜😜😜😜😜😜😜😜😜😜😜😜😜

If that's the case, then that just means that he made bad business decisions. If a person's business couldn't thrive under the Trump presidency, then they were definitely doing something wrong.

Good

He probably lost money because he doesn't know how to run a business

I call bullshit

Get a life!

He belongs in no a nursing home next to his Joe Biden friend and their cult

FAKENEWS Obviously, he’s going to say his business didn’t make money during the trial against him. Is he going to say he made billions off Trump? More shitty biased reporting by CBS and main stream media

Aged bezos is not in style

Who cares

This is a news story CBS

🙄 YEAH OKAY

It's because Trump was not here to make your life better! He made it better for the people that worked for you! He lowered our taxes. He did things for middle class not the Uber rich. I'm glad it was not good for you! Me and my wife, we went from 19k in debt to 15k in the green!

Yes because Trump's Presidency was a disaster for countless who lived through it. Nevermind the Covid response.

Convict this man and Lock. Mr. Slick. Up.

lolwut?

For all you bozos that will just read a headline..I highly suggest you read the article. It had NOTHING to do with policy. He was still raking in the dough. Read

All the mainstream media wants to talk about is a former President from 2 years ago, not the disaster the current President is today. Inflation through the roof, running this country into the ground... how's that for 'disastrous' business?

It’s not Trump that people support. It’s that he is the only viable option to thwart the corrupt establishment. Exhibit A = Ukraine War

I thinks it’s kinda an FU to trump for making him lose money. Lol

OhMyNotAgain99

Give up this wish hunt

I’m glad it happened and I’m glad he’s making it public. Hopefully it keeps other billionaires away from Trump.

Please use his full name when reporting. It’s Thomas Hussein Barrack!

His friend Trump's presidency was disastrous for Republicans, Republican Party, Americans, the US & the world also, except he was good for Putin, who had invested in T for yrs to agree with Putin over US agencies, to destroy the US leadership, to remove the US from NATO, Syria…

🎻🎻

Of course, being associated with the 🍊🍑 OrangeAss didn’t help either.

Whomp whomp. Thoughts and prayers.

Are people happy with Trump now? Making the billionaires hurt? Or is he still orange man bad?

Would that not be a good thing based on all the extreme left propaganda about big businesses are bad for America?

Disaster is relative. He was forced to look at smaller numbers on a screen and it was upsetting. His lifestyle didn’t change a bit. Disaster for so many Americans means REAL SACRIFICE - like choosing between bills and medicine.

FUBARPATTY Barrack is lying scum. Just like Trump, he will say whatever he thinks will help him. Up to and including saying he fell in love with a perverted foreign leader.

Oh. Good.

His friend Trump's presidency was 'disastrous' for Republicans, for Republican Party, for American people, for the US and for the world also, except he is good for Putin, who has invested in Trump years before to destroy the US leadership, to remove the US from NATO, Syria…

OliverSays2 Not that I care, but people take note, Trump/Republicans are terrible for the economy!

You’d think this would be reflected in the WSJ opinion pages. You know, it being our county’s preeminent business rag and all.

Oh darn. One ethical sewer is not happy about his friend, another ethical sewer.

Who would've seen that coming.....? /sarcasm

“He has pleaded not guilty to charges of acting as an unregistered foreign agent, obstruction of justice and making false statements to the FBI.” - I guess he’s mad Trump didn’t give him a pardon too.

He bought the ticket, and now he’s getting to take the ride All the way down… ETTD

Good

😂

But secretly lobbying on behalf of a foreign power was pretty good for your business, wasn't it Tom? Also, did Trump force you to lie?

So Dems should love that….right🤷🏾‍♂️

This is fake news. Trump has no friends.

🎻

womp womp

So he’s broke now and living on the streets? Define “disaster.”

Friends usually are not good business partners. It's why Carl Icahn has few friends and refused to work with Trump. Carl said something like , need a friend get a dog.

And yet Democrats want people like Barrack to pay taxes for the 60% of Americans who pay NO federal income taxes.

Not to mention Barrack’s support of Trump is tanking his own reputation.

Congratulations! Because you've stepped on a huge pile of dogshit.

Everything Trump touches gets destroyed MichaelCohen212 set in front of congress live on TV and warned all of you.

Because of you people. Never seen a president attacked like trump. You people are truly deplorable.

Fucks given

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Trump's Billionaire Pal Testifies That Trump Was 'Disastrous' for BusinessDonald Trump's 'divisive' politics ruined his billionaire friend’s business, real estate financier Tom Barrack said at his criminal trial in New York City on Monday. Not sorry. Wait, I thought he was only out for making billionaires richer. Which is it?
Source: thedailybeast - 🏆 307. / 63 Read more »