Jeffrey Gundlach: President Trump, Congressional Leaders Have Been Very Bad Boys

Luckily, the DoubleLine chief has ways to deal with very bad boys.
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Jeff Gundlach is a man of many enthusiasms, and one of his greatest enthusiasms was for President Trump. Few on Wall Street were as eager for the advent of Trumponomics as the DoubleLine Capital founder, who spent six months getting all worked up about what he’d do beginning Nov. 8 of last year.

Gundlach.Trump

Unfortunately for Gundlach, the reality of a Trump presidency hasn’t been as, uh, vigorous as its prospect. And Congress’ failure to repeal Obamacare had him questioning everything, as well as reaching for his studded riding crop. But that was nothing compared to the fury he felt after putting aside some erotic reading to scan the recently-passed House tax reform bill for the repeal of the carried-interest loophole. Now he’s looking for those boxes containing the inventoried contents of his old office at TCW for adequate ways to punish the transgressors.

“I’m very disappointed incidentally about the shape of this tax cut that is being proposed,” Gundlach told a gathering of industry participants at the Drake Hotel in Chicago on Wednesday. “I am just appalled that we are going to continue to have a carried-interest scheme for hedge funds….”

"After I saw that tax bill, I lost hope with the drain the swamp concept," Gundlach said. "The swamp keeps getting bigger…."

He called the tax plan "a cosmetic tax decrease for the middle class that will go away over time."

DoubleLine’s Gundlach Attacks Break for Hedge Funds in Tax [Bloomberg]

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Want To Earn $100,000 The Hard Way, You Dirty Little Bitch? Give Jeffrey Gundlach A Call

As you may have heard, at some point last week, bond manager Jeffrey Gundlach was robbed. Thieves took $10 million worth of stuff from the Doubleline founder's Santa Monica pad, including a couple of paintings, a few watches, some high-priced wine, a 2010 Porsche Carrera 4S, and whatever cash was lying around. While it's unclear if the burglars made away with Gundlach's collection of priceless pornographic films and sexual apparatus; if he was targeted specifically because the thieves knew they could get their hands on the original copy of Dr. Fellatio 16; or if they were tipped off by JG's regular pizza delivery guy, cable repairman, or pool boy, what is clear that Gundlach is pissed, pissed like a man who is no longer in possession of Ass Traffic Volume 2: The Director's Cut.  And that's where you come in. Mr Gundlach has reportedly offered a $100,000 reward for the return of his property. $1,000 is also being offered for information leading to the arrest and conviction of those who carried out the raid, according to Santa Monica police. And to the burglars, if you're reading this, Gundlach will see your asses in court (the real kind, unless you want to settle this in Bondage Nookie Court in which case, get in touch with this lawyer). Multimillionaire financier victim of $10-million heist [LA Times] Thieves snatch $10million haul of fine art, jewellery and a Porsche from home of wealthy banker dubbed the 'Bond God' [DM] Related (...?): Jeffrey Gundlach NOT Set Up By TCW, Big Fan Of “Dr. Fellatio” Series