Billionaire GOP donor: Trump is 'a threat to democracy'
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Billionaire hedge fund manager Seth Klarman reportedly ripped President TrumpDonald John TrumpBiden on Trump's refusal to commit to peaceful transfer of power: 'What country are we in?' Romney: 'Unthinkable and unacceptable' to not commit to peaceful transition of power Two Louisville police officers shot amid Breonna Taylor grand jury protests MORE at an investment conference last week, calling Trump “a threat to democracy.”

Klarman, the CEO of Baupost Group and a frequent donor to Republican political campaigns, made the remarks at the Robin Hood Investment Conference last week, according to New York Magazine. The magazine obtained an audio recording of Klarman’s comments blasting Trump.


“The president is a threat to democracy. He has attacked journalists and he’s threatening to take away NBC’s license,” Klarman said, according to the magazine. “He’s attacking judges. He’s violating all sorts of democratic norms, from the emoluments clause to questioning the election and threatening to lock up his opponent.”

“The country is getting divided, whether it’s immigrants, whether it’s transgender people, whether it’s blacks, whether it’s Mexicans,” he continued. “It’s awful.”

Klarman has previously been a critic of Trump. In August 2016, Klarman said Trump was “completely unqualified” to be president and pledged to help then-Democratic presidential nominee Hillary ClintonHillary Diane Rodham ClintonDemocratic groups using Bloomberg money to launch M in Spanish language ads in Florida The Hill's Campaign Report: Presidential polls tighten weeks out from Election Day More than 50 Latino faith leaders endorse Biden MORE get elected.

"His words and actions over the last several days are so shockingly unacceptable in our diverse and democratic society that it is simply unthinkable that Donald Trump could become our president," Klarman said at the time.

Klarman is registered as an independent but has largely given to Republicans in the past, according to Reuters. He has donated to political action committees this election cycle that backed the GOP candidates Jeb Bush, New Jersey Gov. Chris Christie and Florida Sen. Marco RubioMarco Antonio RubioOvernight Defense: Pentagon redirects pandemic funding to defense contractors | US planning for full Afghanistan withdrawal by May | Anti-Trump GOP group puts ads in military papers Democrats step up hardball tactics as Supreme Court fight heats up Press: Notorious RBG vs Notorious GOP MORE.

He has also given some donations to Democratic campaigns, including to Sens. Cory BookerCory Anthony BookerBipartisan praise pours in after Ginsburg's death DHS opens probe into allegations at Georgia ICE facility Democratic lawmakers call for an investigation into allegations of medical neglect at Georgia ICE facility MORE (N.J.) and Mark WarnerMark Robert WarnerDemocrats call for declassifying election threats after briefing by Trump officials It's time to upgrade benefits Intelligence chief says Congress will get some in-person election security briefings MORE (Va.). In June 2016, he gave $5,400 to Clinton's presidential campaign, according to the Boston Globe.