Trump throws cold water on putting his assets in a blind trust

Anonymous (User Deleted) | Legendary Invincible!
 
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In NYT's softball interview with Donald Trump, the President-elect doubled down leaving the business to his children:

Spoiler

Notably, one benefit of voting for Mr. Trump, as touted by his supporters, was that unlike his opponent, Ms. Clinton, Trump would not have conflicts of interest, such as the Clinton Foundation. At the least, Mr. Trump's businesses provide somewhat greater transparency because nearly all of them have his name on them. But his defense largely boils down to the problematic 'it's not wrong if the president (or similar authority figure) does it.'
Last Edit: November 24, 2016, 10:43:58 AM by Kupo & the Two G-strings


Turkey | Mythic Inconceivable!
 
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His kids can run it in a blind trust, as long as they don't discuss the business while he's president.

An alternative is that he can go public, which is unlikely


Anonymous (User Deleted) | Legendary Invincible!
 
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His kids can run it in a blind trust
That is not a blind trust.


 
Verbatim
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His kids can run it in a blind trust
how is that a blind trust

fuck
Last Edit: November 24, 2016, 12:14:16 PM by Verbatim


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His kids can run it in a blind trust
That is not a blind trust.

Yes, it is. The "blind" comes from being legally barred from discussing the business. A blind trust isn't some anonymous shadow organization.


Anonymous (User Deleted) | Legendary Invincible!
 
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A blind trust isn't some anonymous shadow organization.
No one said it was. But children being a blind trust is a blatant distortion of that term.


MyNameIsCharlie | Mythic Inconceivable!
 
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Get of my lawn
Why is he ALWAYS talking about how big his company is? It's like he's always selling.

Anyways, if he doesn't solve these conflicts of interest about his companies, he can't be President. It's the law. So, if he refuses, then what?


 
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Yes, it is. The "blind" comes from being legally barred from discussing the business. A blind trust isn't some anonymous shadow organization.
yeah, and i'm sure he cares a whole lot about what he's "legally barred" from discussing with his own family


Anonymous (User Deleted) | Legendary Invincible!
 
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Anyways, if he doesn't solve these conflicts of interest about his companies, he can't be President. It's the law.
Actually, the president and vice president are exempt from conflict of interest laws. That doesn't make it right, but that's just the way it is for whatever reason.


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A blind trust isn't some anonymous shadow organization.
No one said it was. But children being a blind trust is a blatant distortion of that term.

That specifies nothing about who specifically may be in control of a blind trust, let alone children of the official. It does in fact state that the purpose is remove the official from the management of the assets, as I said.


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Yes, it is. The "blind" comes from being legally barred from discussing the business. A blind trust isn't some anonymous shadow organization.
yeah, and i'm sure he cares a whole lot about what he's "legally barred" from discussing with his own family

I don't intend to defend Trump, especially against baseless speculation.


Anonymous (User Deleted) | Legendary Invincible!
 
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A blind trust isn't some anonymous shadow organization.
No one said it was. But children being a blind trust is a blatant distortion of that term.

That specifies nothing about who specifically may be in control of a blind trust, let alone children of the official. It does in fact state that the purpose is remove the official from the management of the assets, as I said.
What is reading comprehension?
Quote
Independent trustee.  The trustee must be a financial institution, a C.P.A., an attorney, a broker, or an investment advisor who is independent of the federal official or any person interested in the trust, and whose officers or employees are similarly independent.  Such independence requires that the trustee and trust employees not be able to be influenced by the official or other interested parties in investment decisions, and not be “associated” or “affiliated” with, nor an employee, partner of or a relative of, the public official or any interested party to the trust.  5 U.S.C. app. § 102(f)(3)(A).

5 U.S.C. app. § 102(f)(3)(A) states:
Quote
(3) For purposes of this subsection, the term "qualified blind trust" includes any trust in which a reporting individual, his spouse, or any minor or dependent child has a beneficial interest in the principal or income, and which meets the following requirements:
   (A)(i) The trustee of the trust and any other entity designated in the trust instrument to perform fiduciary duties is a financial institution, an attorney, a certified public accountant, a broker, or an investment advisor who-
  (I) is independent of and not associated with any interested party so that the trustee or other person cannot be controlled or influenced in the administration of the trust by any interested party; and
  (II) is not and has not been an employee of or affiliated with any interested party and is not a partner of, or involved in any joint venture or other investment with, any interested party; and
  (III) is not a relative of any interested party.
Last Edit: November 24, 2016, 01:34:26 PM by Kupo & the Two G-strings


 
Alternative Facts
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His kids can run it in a blind trust, as long as they don't discuss the business while he's president.

So as a nation, we're expected to believe that he will never discuss his business with his children for the next four years.

About as believable as me being straight


Azendac | Respected Posting Riot
 
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We knew the world would not be the same. A few people laughed, a few people cried, most people were silent. I remembered the line from the shitlord scripture the Bhagavad Reeeeeeeta; Kek is trying to persuade the prince that he should save his people, and to impress him takes on his frog-headed form, and says, "Now I am become meme, the destroyer of cucks." I suppose we all thought that, one way or another.
Even I'm going to reserve judgement on defending him on this. I'd like to argue that it's wasn't conflicts of interest but obligations to donors, but that's ignoring that he has a much stronger obligation to his kids/family. It's fine having them campaign for you since everyone does that, but their involvement should stop there.


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What is reading comprehension?

What is not being an ass?  Excuse me for not reading in detail corpprate law while cooking dinner. I forgot that showing any sign of pushback towards the constant deluge of often disingenuous media attention towards him is tacit dickriding. The belief that his kids can run the blind trust comes directly from an NPR report.

Regardless, it seems like his position hasn't changed at all. From the beginning he's stated his children will control his assets, and yes, I'm sure there will be all sorts of controversial conflicts of interest during his tenure.



Anonymous (User Deleted) | Legendary Invincible!
 
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What is reading comprehension?

What is not being an ass?  Excuse me for not reading in detail corpprate law while cooking dinner. I forgot that showing any sign of pushback towards the constant deluge of often disingenuous media attention towards him is tacit dickriding. The belief that his kids can run the blind trust comes directly from an NPR report.

Regardless, it seems like his position hasn't changed at all. From the beginning he's stated his children will control his assets, and yes, I'm sure there will be all sorts of controversial conflicts of interest during his tenure.
Oh, sorry. Next time I'll have to remember to post an excerpt the first time around.