How ‘The Wolf of Wall Street’ helps explain Trump’s terrible sovereign wealth fund idea

https://www.msnbc.com/opinion/msnbc-opinion/trump-sovereign-wealth-fund-executive-order-rcna190787

by msnbc

3 comments

  1. **From Ryan Teague Beckwith, an MSNBC newsletter editor, Georgetown University professor and a Washingtonian:** 

    The phrase “sovereign wealth fund” sounds boring, and given everything else going on right now, I’m sure you’d rather skip this column and go right to the one about the Republican who wants to put Donald Trump on Mount Rushmore or the latest on Elon Musk’s takeover of federal systems.

    But stick with me. I promise by the end I will get to a Leonardo DiCaprio movie, a Manhattan hotel, a 300-foot superyacht and a former head of state currently cooling his heels in prison.

    Read more: [https://www.msnbc.com/opinion/msnbc-opinion/trump-sovereign-wealth-fund-executive-order-rcna190787](https://www.msnbc.com/opinion/msnbc-opinion/trump-sovereign-wealth-fund-executive-order-rcna190787)

  3. Yes, the production of The Wolf of Wall Street was funded by money siphoned from Malaysia’s sovereign wealth fund, into the pockets of the prime minister at the time and his cronies. This is not news, the book Billion Dollar Whale was published in 2018. 1MDB, the sovereign wealth fund in question, was created to “invest taxpayers money for the benefit of the taxpayers”, and it will always be the excuse used to launch a swf like this.

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