Can't Have it both ways: Conflict of Interest (22)
Short of selling the entire Trump empire, experts said, he will find it difficult to create a trust sufficiently “blind” to avoid the possibility of any conflicts.
And we know Trump isn't going to sell out his business, nor is he going to give total controll of his business to someone other than his children. So what is going to happen??
Trump can't have it both ways, his children cannot serve in his presidential administration office as well as keep their positions in the Trump Organization... something like, Inside trading is bound to take play.
And we know Trump isn't going to sell out his business, nor is he going to give total controll of his business to someone other than his children. So what is going to happen??
Trump can't have it both ways, his children cannot serve in his presidential administration office as well as keep their positions in the Trump Organization... something like, Inside trading is bound to take play.
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SistaCallie: Short of selling the entire Trump empire, experts said, he will find it difficult to create a trust sufficiently “blind” to avoid the possibility of any conflicts.
And we know Trump isn't going to sell out his business, nor is he going to give total controll of his business to someone other than his children. So what is going to happen??
Trump can't have it both ways, his children cannot serve in his presidential administration office as well as keep their positions in the Trump Organization... something like, Inside trading is bound to take play.
Look on the sunny side of the matter , Trumpy won't nuke Russia without losing his towers will he . He's been painted out to be nuts so a personal conflict and repercussions for his actions will keep you safe won't it .And we know Trump isn't going to sell out his business, nor is he going to give total controll of his business to someone other than his children. So what is going to happen??
Trump can't have it both ways, his children cannot serve in his presidential administration office as well as keep their positions in the Trump Organization... something like, Inside trading is bound to take play.
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SistaCallie: Short of selling the entire Trump empire, experts said, he will find it difficult to create a trust sufficiently “blind” to avoid the possibility of any conflicts.
And we know Trump isn't going to sell out his business, nor is he going to give total controll of his business to someone other than his children. So what is going to happen??
Trump can't have it both ways, his children cannot serve in his presidential administration office as well as keep their positions in the Trump Organization... something like, Inside trading is bound to take play.
And we know Trump isn't going to sell out his business, nor is he going to give total controll of his business to someone other than his children. So what is going to happen??
Trump can't have it both ways, his children cannot serve in his presidential administration office as well as keep their positions in the Trump Organization... something like, Inside trading is bound to take play.
who says they would stay in the Trump-Organization?
The Laws are quite clear,so what's with the anxiety?
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Conrad73: who says they would stay in the Trump-Organization?
The Laws are quite clear,so what's with the anxiety?
The Laws are quite clear,so what's with the anxiety?
Is this the hysteria i have read about some where
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tomcatwarne: Is this the hysteria i have read about some where
Prob'ly!
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SistaCallie: Three Trump children seen managing president-elect's company
Republican President-elect Donald Trump's daughter Ivanka Trump arrives at Trump Tower in New York, New York, U.S., November 11, 2016. REUTERS/Carlo Allegri
The Trump Organization said on Friday it was vetting new business structures aimed at transferring management control to three of President-elect Donald Trump's children and a team of executives.
The Trump Organization said in a statement it was planning to transfer control of the portfolio of businesses to Donald Trump Jr, Ivanka Trump, Eric Trump and other executives.
Earlier on Friday, the three Trump children - the oldest of Trump's five children - were also named as members of Trump's Presidential Transition Team Executive Committee.
"This is a top priority at the organization and the structure that is ultimately selected will comply with all applicable rules and regulations," a spokesperson for the Trump Organization said in a statement.
Federal conflict-of-interest law does not apply to the president, but most White House occupants in the last few decades have voluntarily placed their assets in a blind trust to avoid any suggestion of impropriety.
Experts in government ethics said that giving over control to Trump’s children would do virtually nothing to prevent potential conflicts of interest, since there’s usually no daylight between one’s personal interest and the interest of one’s immediate family members.
"It doesn't meet any of the standards of a blind trust if the kids are running the company," said Kenneth Gross, a Washington lawyer who specializes in advising political clients on compliance and ethics.
Gross noted that the official transition team roles that Ivanka Trump, Donald Trump Jr and Eric Trump now have would appear to complicate matters further.
"If they're going to be involved in government functions - and they're starting down that road - and running the business, that's going to make it very difficult to separate the government and business functions and deal with the conflicts of interest," Gross said.
All three children already have roles in the Trump Organization, according to the company's website. Ivanka Trump is executive vice president of development and acquisitions, charged with domestic and global expansion of the company's real estate interests.
Donald Trump Jr is an executive vice president, and works to expand the company's real estate, retail, commercial, hotel and golf interests nationally and internationally. Eric Trump is executive vice president of development and acquisitions, responsible for new project acquisition, development and construction globally.
Typically, a blind trust involves turning over assets to an independent financial manager with no prior relationship to the owner. In addition, a blind trust derives its name from the idea that the owner would no longer know what assets are sold or bought. For instance, someone with extensive stock holdings would have no way of knowing which companies’ shares he or she still owned in a blind trust.
Trump’s portfolio includes interests in hundreds of limited liability companies, many overseas, as well as numerous real estate properties both domestic and foreign.
Short of selling the entire Trump empire, experts said, he will find it difficult to create a trust sufficiently “blind” to avoid the possibility of any conflicts.
Reuters.com
(Reporting by Emily Stephenson, David Lawder and Joseph Ax; Editing by Eric Beech and Leslie Adler)
Republican President-elect Donald Trump's daughter Ivanka Trump arrives at Trump Tower in New York, New York, U.S., November 11, 2016. REUTERS/Carlo Allegri
The Trump Organization said on Friday it was vetting new business structures aimed at transferring management control to three of President-elect Donald Trump's children and a team of executives.
The Trump Organization said in a statement it was planning to transfer control of the portfolio of businesses to Donald Trump Jr, Ivanka Trump, Eric Trump and other executives.
Earlier on Friday, the three Trump children - the oldest of Trump's five children - were also named as members of Trump's Presidential Transition Team Executive Committee.
"This is a top priority at the organization and the structure that is ultimately selected will comply with all applicable rules and regulations," a spokesperson for the Trump Organization said in a statement.
Federal conflict-of-interest law does not apply to the president, but most White House occupants in the last few decades have voluntarily placed their assets in a blind trust to avoid any suggestion of impropriety.
Experts in government ethics said that giving over control to Trump’s children would do virtually nothing to prevent potential conflicts of interest, since there’s usually no daylight between one’s personal interest and the interest of one’s immediate family members.
"It doesn't meet any of the standards of a blind trust if the kids are running the company," said Kenneth Gross, a Washington lawyer who specializes in advising political clients on compliance and ethics.
Gross noted that the official transition team roles that Ivanka Trump, Donald Trump Jr and Eric Trump now have would appear to complicate matters further.
"If they're going to be involved in government functions - and they're starting down that road - and running the business, that's going to make it very difficult to separate the government and business functions and deal with the conflicts of interest," Gross said.
All three children already have roles in the Trump Organization, according to the company's website. Ivanka Trump is executive vice president of development and acquisitions, charged with domestic and global expansion of the company's real estate interests.
Donald Trump Jr is an executive vice president, and works to expand the company's real estate, retail, commercial, hotel and golf interests nationally and internationally. Eric Trump is executive vice president of development and acquisitions, responsible for new project acquisition, development and construction globally.
Typically, a blind trust involves turning over assets to an independent financial manager with no prior relationship to the owner. In addition, a blind trust derives its name from the idea that the owner would no longer know what assets are sold or bought. For instance, someone with extensive stock holdings would have no way of knowing which companies’ shares he or she still owned in a blind trust.
Trump’s portfolio includes interests in hundreds of limited liability companies, many overseas, as well as numerous real estate properties both domestic and foreign.
Short of selling the entire Trump empire, experts said, he will find it difficult to create a trust sufficiently “blind” to avoid the possibility of any conflicts.
Reuters.com
(Reporting by Emily Stephenson, David Lawder and Joseph Ax; Editing by Eric Beech and Leslie Adler)
Oh don't worry about it ! He will find a way to lie about it , and if he does get caught doing it he will just deny he ever did it like he always does . As a pathological lying con man he is one of the best .
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Grouchyoldfart: Oh don't worry about it ! He will find a way to lie about it , and if he does get caught doing it he will just deny he ever did it like he always does . As a pathological lying con man he is one of the best .
and why not , seemed to work for Hillary------ This thread is Archived ------
Grouchyoldfart: Oh don't worry about it ! He will find a way to lie about it , and if he does get caught doing it he will just deny he ever did it like he always does . As a pathological lying con man he is one of the best .
you,of course mean good old HILLiARY,don't you?
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the rioters are conflicted... not enough action, even for payed anarchists.
they should Earn their soros money... I'm very disappointed...
soros needs better anarchists, this bunch is lazy, not enough burnin & lootin.
they should Earn their soros money... I'm very disappointed...
soros needs better anarchists, this bunch is lazy, not enough burnin & lootin.
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crayons: the rioters are conflicted... not enough action, even for payed anarchists.
they should Earn their soros money... I'm very disappointed...
soros needs better anarchists, this bunch is lazy, not enough burnin & lootin.
Theres a general on U-tube saying its the worst its ever been , dumb prat . Still they better go home as they have had the say , pity the same slobs never voted aye , they might have their mutt running the show nest year , too much to comprehend for them .they should Earn their soros money... I'm very disappointed...
soros needs better anarchists, this bunch is lazy, not enough burnin & lootin.
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epirb: Look on the sunny side of the matter , Trumpy won't nuke Russia without losing his towers will he . He's been painted out to be nuts so a personal conflict and repercussions for his actions will keep you safe won't it .
no not anytime soon anywayzzz
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Conrad73: who says they would stay in the Trump-Organization?
The Laws are quite clear,so what's with the anxiety?
The Laws are quite clear,so what's with the anxiety?
Yes, the conflict of interest laws are quite clear, and this means Trump will not be able to continue to have his children on his administrative staff AND RUN HIS TRUMP ORGANIZATION. PERIOD!... can't have it both ways. As I've sated Trump only trust his children and himself to run his business... what part do you not understand?
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crayons: the rioters are conflicted... not enough action, even for payed anarchists.
they should Earn their soros money... I'm very disappointed...
soros needs better anarchists, this bunch is lazy, not enough burnin & lootin.
they should Earn their soros money... I'm very disappointed...
soros needs better anarchists, this bunch is lazy, not enough burnin & lootin.
The roiters have nothing to do with Trump wanting his children to be on his administrative staff aas well as continue running the Trump Organization business.
I realize Soros is a billionaire almost a zillionaire
, but if he has enough money to pay all the tens of thousand protesters who are out across the US in over 13 states and almost every city, and growing, then Soros has more money to waste then we know... what a silly comment you've made, where is your source for this foolish talking you're spewing out?
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Grouchyoldfart: Oh don't worry about it ! He will find a way to lie about it , and if he does get caught doing it he will just deny he ever did it like he always does . As a pathological lying con man he is one of the best .
.Yes, Yes, but the only problem he will have is that he's on record s being told this is unlawful and he cannopt do such. I say give him 100 days to six months and congress will have him up for impeachment... too many people know what he's trying to do... I don't think he will be able to sing this time around Paul Ankle's song I Did It My Way
he has too many people to answer to, and this is where he is going to hit his head, Trump doesn't like being told what to do, and congress and others are not going to let him get away with lawlessness as President 
... he'll have to follow the rule this time around or ELSE!.------ This thread is Archived ------
SistaCallie: Three Trump children seen managing president-elect's company
Republican President-elect Donald Trump's daughter Ivanka Trump arrives at Trump Tower in New York, New York, U.S., November 11, 2016. REUTERS/Carlo Allegri
The Trump Organization said on Friday it was vetting new business structures aimed at transferring management control to three of President-elect Donald Trump's children and a team of executives.
The Trump Organization said in a statement it was planning to transfer control of the portfolio of businesses to Donald Trump Jr, Ivanka Trump, Eric Trump and other executives.
Earlier on Friday, the three Trump children - the oldest of Trump's five children - were also named as members of Trump's Presidential Transition Team Executive Committee.
"This is a top priority at the organization and the structure that is ultimately selected will comply with all applicable rules and regulations," a spokesperson for the Trump Organization said in a statement.
Federal conflict-of-interest law does not apply to the president, but most White House occupants in the last few decades have voluntarily placed their assets in a blind trust to avoid any suggestion of impropriety.
Experts in government ethics said that giving over control to Trump’s children would do virtually nothing to prevent potential conflicts of interest, since there’s usually no daylight between one’s personal interest and the interest of one’s immediate family members.
"It doesn't meet any of the standards of a blind trust if the kids are running the company," said Kenneth Gross, a Washington lawyer who specializes in advising political clients on compliance and ethics.
Gross noted that the official transition team roles that Ivanka Trump, Donald Trump Jr and Eric Trump now have would appear to complicate matters further.
"If they're going to be involved in government functions - and they're starting down that road - and running the business, that's going to make it very difficult to separate the government and business functions and deal with the conflicts of interest," Gross said.
All three children already have roles in the Trump Organization, according to the company's website. Ivanka Trump is executive vice president of development and acquisitions, charged with domestic and global expansion of the company's real estate interests.
Donald Trump Jr is an executive vice president, and works to expand the company's real estate, retail, commercial, hotel and golf interests nationally and internationally. Eric Trump is executive vice president of development and acquisitions, responsible for new project acquisition, development and construction globally.
Typically, a blind trust involves turning over assets to an independent financial manager with no prior relationship to the owner. In addition, a blind trust derives its name from the idea that the owner would no longer know what assets are sold or bought. For instance, someone with extensive stock holdings would have no way of knowing which companies’ shares he or she still owned in a blind trust.
Trump’s portfolio includes interests in hundreds of limited liability companies, many overseas, as well as numerous real estate properties both domestic and foreign.
Short of selling the entire Trump empire, experts said, he will find it difficult to create a trust sufficiently “blind” to avoid the possibility of any conflicts.
Reuters.com
(Reporting by Emily Stephenson, David Lawder and Joseph Ax; Editing by Eric Beech and Leslie Adler)
Republican President-elect Donald Trump's daughter Ivanka Trump arrives at Trump Tower in New York, New York, U.S., November 11, 2016. REUTERS/Carlo Allegri
The Trump Organization said on Friday it was vetting new business structures aimed at transferring management control to three of President-elect Donald Trump's children and a team of executives.
The Trump Organization said in a statement it was planning to transfer control of the portfolio of businesses to Donald Trump Jr, Ivanka Trump, Eric Trump and other executives.
Earlier on Friday, the three Trump children - the oldest of Trump's five children - were also named as members of Trump's Presidential Transition Team Executive Committee.
"This is a top priority at the organization and the structure that is ultimately selected will comply with all applicable rules and regulations," a spokesperson for the Trump Organization said in a statement.
Federal conflict-of-interest law does not apply to the president, but most White House occupants in the last few decades have voluntarily placed their assets in a blind trust to avoid any suggestion of impropriety.
Experts in government ethics said that giving over control to Trump’s children would do virtually nothing to prevent potential conflicts of interest, since there’s usually no daylight between one’s personal interest and the interest of one’s immediate family members.
"It doesn't meet any of the standards of a blind trust if the kids are running the company," said Kenneth Gross, a Washington lawyer who specializes in advising political clients on compliance and ethics.
Gross noted that the official transition team roles that Ivanka Trump, Donald Trump Jr and Eric Trump now have would appear to complicate matters further.
"If they're going to be involved in government functions - and they're starting down that road - and running the business, that's going to make it very difficult to separate the government and business functions and deal with the conflicts of interest," Gross said.
All three children already have roles in the Trump Organization, according to the company's website. Ivanka Trump is executive vice president of development and acquisitions, charged with domestic and global expansion of the company's real estate interests.
Donald Trump Jr is an executive vice president, and works to expand the company's real estate, retail, commercial, hotel and golf interests nationally and internationally. Eric Trump is executive vice president of development and acquisitions, responsible for new project acquisition, development and construction globally.
Typically, a blind trust involves turning over assets to an independent financial manager with no prior relationship to the owner. In addition, a blind trust derives its name from the idea that the owner would no longer know what assets are sold or bought. For instance, someone with extensive stock holdings would have no way of knowing which companies’ shares he or she still owned in a blind trust.
Trump’s portfolio includes interests in hundreds of limited liability companies, many overseas, as well as numerous real estate properties both domestic and foreign.
Short of selling the entire Trump empire, experts said, he will find it difficult to create a trust sufficiently “blind” to avoid the possibility of any conflicts.
Reuters.com
(Reporting by Emily Stephenson, David Lawder and Joseph Ax; Editing by Eric Beech and Leslie Adler)
But... Trump is not part of the establishment
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Callie ... quit whining can't you ?
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SistaCallie: The roiters have nothing to do with Trump wanting his children to be on his administrative staff aas well as continue running the Trump Organization business.
I realize Soros is a billionaire almost a zillionaire , but if he has enough money to pay all the tens of thousand protesters who are out across the US in over 13 states and almost every city, and growing, then Soros has more money to waste then we know... what a silly comment you've made, where is your source for this foolish talking you're spewing out?
Here's you some proof straight from the horse's...err, I mean, Soros' mouth....I realize Soros is a billionaire almost a zillionaire , but if he has enough money to pay all the tens of thousand protesters who are out across the US in over 13 states and almost every city, and growing, then Soros has more money to waste then we know... what a silly comment you've made, where is your source for this foolish talking you're spewing out?
He even has the audacity to tell you how he does what he does as well as why, plus he also states that he should be stopped.
All joking aside, this nut admits that he uses his money to 'persuade' countries to bend to his will. Russia included.
Back on topic. Trump, like Soros, is also a billionaire, and he knows business very well, both the up sides and down sides of it. So if he places his children in charge of one of his businesses, one of them may do better than the others. Therefore he'll know which to keep at the business and which he can bring into his administration. It's not rocket science, it's business tactics.
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SistaCallie: Three Trump children seen managing president-elect's company
Republican President-elect Donald Trump's daughter Ivanka Trump arrives at Trump Tower in New York, New York, U.S., November 11, 2016. REUTERS/Carlo Allegri
The Trump Organization said on Friday it was vetting new business structures aimed at transferring management control to three of President-elect Donald Trump's children and a team of executives.
The Trump Organization said in a statement it was planning to transfer control of the portfolio of businesses to Donald Trump Jr, Ivanka Trump, Eric Trump and other executives.
Earlier on Friday, the three Trump children - the oldest of Trump's five children - were also named as members of Trump's Presidential Transition Team Executive Committee.
"This is a top priority at the organization and the structure that is ultimately selected will comply with all applicable rules and regulations," a spokesperson for the Trump Organization said in a statement.
Federal conflict-of-interest law does not apply to the president, but most White House occupants in the last few decades have voluntarily placed their assets in a blind trust to avoid any suggestion of impropriety.
Experts in government ethics said that giving over control to Trump’s children would do virtually nothing to prevent potential conflicts of interest, since there’s usually no daylight between one’s personal interest and the interest of one’s immediate family members.
"It doesn't meet any of the standards of a blind trust if the kids are running the company," said Kenneth Gross, a Washington lawyer who specializes in advising political clients on compliance and ethics.
Gross noted that the official transition team roles that Ivanka Trump, Donald Trump Jr and Eric Trump now have would appear to complicate matters further.
"If they're going to be involved in government functions - and they're starting down that road - and running the business, that's going to make it very difficult to separate the government and business functions and deal with the conflicts of interest," Gross said.
All three children already have roles in the Trump Organization, according to the company's website. Ivanka Trump is executive vice president of development and acquisitions, charged with domestic and global expansion of the company's real estate interests.
Donald Trump Jr is an executive vice president, and works to expand the company's real estate, retail, commercial, hotel and golf interests nationally and internationally. Eric Trump is executive vice president of development and acquisitions, responsible for new project acquisition, development and construction globally.
Typically, a blind trust involves turning over assets to an independent financial manager with no prior relationship to the owner. In addition, a blind trust derives its name from the idea that the owner would no longer know what assets are sold or bought. For instance, someone with extensive stock holdings would have no way of knowing which companies’ shares he or she still owned in a blind trust.
Trump’s portfolio includes interests in hundreds of limited liability companies, many overseas, as well as numerous real estate properties both domestic and foreign.
Short of selling the entire Trump empire, experts said, he will find it difficult to create a trust sufficiently “blind” to avoid the possibility of any conflicts.
Reuters.com
(Reporting by Emily Stephenson, David Lawder and Joseph Ax; Editing by Eric Beech and Leslie Adler)
Republican President-elect Donald Trump's daughter Ivanka Trump arrives at Trump Tower in New York, New York, U.S., November 11, 2016. REUTERS/Carlo Allegri
The Trump Organization said on Friday it was vetting new business structures aimed at transferring management control to three of President-elect Donald Trump's children and a team of executives.
The Trump Organization said in a statement it was planning to transfer control of the portfolio of businesses to Donald Trump Jr, Ivanka Trump, Eric Trump and other executives.
Earlier on Friday, the three Trump children - the oldest of Trump's five children - were also named as members of Trump's Presidential Transition Team Executive Committee.
"This is a top priority at the organization and the structure that is ultimately selected will comply with all applicable rules and regulations," a spokesperson for the Trump Organization said in a statement.
Federal conflict-of-interest law does not apply to the president, but most White House occupants in the last few decades have voluntarily placed their assets in a blind trust to avoid any suggestion of impropriety.
Experts in government ethics said that giving over control to Trump’s children would do virtually nothing to prevent potential conflicts of interest, since there’s usually no daylight between one’s personal interest and the interest of one’s immediate family members.
"It doesn't meet any of the standards of a blind trust if the kids are running the company," said Kenneth Gross, a Washington lawyer who specializes in advising political clients on compliance and ethics.
Gross noted that the official transition team roles that Ivanka Trump, Donald Trump Jr and Eric Trump now have would appear to complicate matters further.
"If they're going to be involved in government functions - and they're starting down that road - and running the business, that's going to make it very difficult to separate the government and business functions and deal with the conflicts of interest," Gross said.
All three children already have roles in the Trump Organization, according to the company's website. Ivanka Trump is executive vice president of development and acquisitions, charged with domestic and global expansion of the company's real estate interests.
Donald Trump Jr is an executive vice president, and works to expand the company's real estate, retail, commercial, hotel and golf interests nationally and internationally. Eric Trump is executive vice president of development and acquisitions, responsible for new project acquisition, development and construction globally.
Typically, a blind trust involves turning over assets to an independent financial manager with no prior relationship to the owner. In addition, a blind trust derives its name from the idea that the owner would no longer know what assets are sold or bought. For instance, someone with extensive stock holdings would have no way of knowing which companies’ shares he or she still owned in a blind trust.
Trump’s portfolio includes interests in hundreds of limited liability companies, many overseas, as well as numerous real estate properties both domestic and foreign.
Short of selling the entire Trump empire, experts said, he will find it difficult to create a trust sufficiently “blind” to avoid the possibility of any conflicts.
Reuters.com
(Reporting by Emily Stephenson, David Lawder and Joseph Ax; Editing by Eric Beech and Leslie Adler)
REUTERS?
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Trump: ‘The president can't have a conflict of interest’
The president-elect calls the Trump brand 'hotter' since winning the White House.
By ISAAC ARNSDORF 11/22/16 02:26 PM EST
Share on Facebook Share on Twitter
Donald Trump said on Tuesday that he faces no legal obligation to cut ties with his businesses even as he described how winning the presidency has made his brand “hotter” and acknowledged advancing his business interests during a conversation with a politician from the United Kingdom.
"The law's totally on my side. The president can't have a conflict of interest,” Trump said in an interview with New York Times editors and writers, according to real-time reports from reporters on Twitter.
Trump said he was surprised by how little was legally required of him.
"In theory, I could run my business perfectly and then run the country perfectly. There's never been a case like this,” he said. "I'd assumed that you'd have to set up some type of trust or whatever, and you don’t.”
It’s true that federal conflicts-of-interest laws exempt the president, and he’ll have the power to change White House ethics rules. But there remains a constitutional ban on accepting payments from foreign governments, as well as anti-corruption laws against bribery and fraud. Enforcing them against the president, however, would probably have to be done through impeachment.
During the sit-down with journalists, Trump did little to ease concerns about how he could use the nation’s highest office to enrich himself.
He (Trump) acknowledged a New York Times report that he encouraged British official Nigel Farage and his entrourage to prevent a wind farm from affecting the view from his Scottish golf course. "I might have brought it up,” he said.
He also said his new luxury hotel on Pennsylvania Avenue is "probably a more valuable asset than it was before.” The Washington Post reported in the past week that foreign diplomats are eager to patronize the hotel to curry the president-elect’s favor.
Trump said the brand, meaning “Trump,” is now “hotter."
Trump said his companies were less important to him than being president, and he "would like to do something” about his business entanglements. But he rejected a suggestion of selling his company, saying it would be "a really hard thing to do because I have real estate.”
Instead, Trump said he is handing the operations off to his adult children, as he said he would during the campaign. But that does little to insulate the president-elect from his business concerns, legal and ethics experts have pointed out, because he would still know what assets he owned and would communicate with the people running them.
On top of that, Trump’s daughter Ivanka reportedly has joined him in conversations with leaders from Argentina and Japan, and her husband, Jared Kushner, is under consideration for a senior role in Trump’s White House.
“If it were up to some people, I would never, ever see my daughter Ivanka again,” Trump said.
http://www.politico.com/story/2016/11/trump-the-president-cant-have-a-conflict-of-interest-231760
The president-elect calls the Trump brand 'hotter' since winning the White House.
By ISAAC ARNSDORF 11/22/16 02:26 PM EST
Share on Facebook Share on Twitter
Donald Trump said on Tuesday that he faces no legal obligation to cut ties with his businesses even as he described how winning the presidency has made his brand “hotter” and acknowledged advancing his business interests during a conversation with a politician from the United Kingdom.
"The law's totally on my side. The president can't have a conflict of interest,” Trump said in an interview with New York Times editors and writers, according to real-time reports from reporters on Twitter.
Trump said he was surprised by how little was legally required of him.
"In theory, I could run my business perfectly and then run the country perfectly. There's never been a case like this,” he said. "I'd assumed that you'd have to set up some type of trust or whatever, and you don’t.”
It’s true that federal conflicts-of-interest laws exempt the president, and he’ll have the power to change White House ethics rules. But there remains a constitutional ban on accepting payments from foreign governments, as well as anti-corruption laws against bribery and fraud. Enforcing them against the president, however, would probably have to be done through impeachment.
During the sit-down with journalists, Trump did little to ease concerns about how he could use the nation’s highest office to enrich himself.
He (Trump) acknowledged a New York Times report that he encouraged British official Nigel Farage and his entrourage to prevent a wind farm from affecting the view from his Scottish golf course. "I might have brought it up,” he said.
He also said his new luxury hotel on Pennsylvania Avenue is "probably a more valuable asset than it was before.” The Washington Post reported in the past week that foreign diplomats are eager to patronize the hotel to curry the president-elect’s favor.
Trump said the brand, meaning “Trump,” is now “hotter."
Trump said his companies were less important to him than being president, and he "would like to do something” about his business entanglements. But he rejected a suggestion of selling his company, saying it would be "a really hard thing to do because I have real estate.”
Instead, Trump said he is handing the operations off to his adult children, as he said he would during the campaign. But that does little to insulate the president-elect from his business concerns, legal and ethics experts have pointed out, because he would still know what assets he owned and would communicate with the people running them.
On top of that, Trump’s daughter Ivanka reportedly has joined him in conversations with leaders from Argentina and Japan, and her husband, Jared Kushner, is under consideration for a senior role in Trump’s White House.
“If it were up to some people, I would never, ever see my daughter Ivanka again,” Trump said.
http://www.politico.com/story/2016/11/trump-the-president-cant-have-a-conflict-of-interest-231760
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Republican President-elect Donald Trump's daughter Ivanka Trump arrives at Trump Tower in New York, New York, U.S., November 11, 2016. REUTERS/Carlo Allegri
The Trump Organization said on Friday it was vetting new business structures aimed at transferring management control to three of President-elect Donald Trump's children and a team of executives.
The Trump Organization said in a statement it was planning to transfer control of the portfolio of businesses to Donald Trump Jr, Ivanka Trump, Eric Trump and other executives.
Earlier on Friday, the three Trump children - the oldest of Trump's five children - were also named as members of Trump's Presidential Transition Team Executive Committee.
"This is a top priority at the organization and the structure that is ultimately selected will comply with all applicable rules and regulations," a spokesperson for the Trump Organization said in a statement.
Federal conflict-of-interest law does not apply to the president, but most White House occupants in the last few decades have voluntarily placed their assets in a blind trust to avoid any suggestion of impropriety.
Experts in government ethics said that giving over control to Trump’s children would do virtually nothing to prevent potential conflicts of interest, since there’s usually no daylight between one’s personal interest and the interest of one’s immediate family members.
"It doesn't meet any of the standards of a blind trust if the kids are running the company," said Kenneth Gross, a Washington lawyer who specializes in advising political clients on compliance and ethics.
Gross noted that the official transition team roles that Ivanka Trump, Donald Trump Jr and Eric Trump now have would appear to complicate matters further.
"If they're going to be involved in government functions - and they're starting down that road - and running the business, that's going to make it very difficult to separate the government and business functions and deal with the conflicts of interest," Gross said.
All three children already have roles in the Trump Organization, according to the company's website. Ivanka Trump is executive vice president of development and acquisitions, charged with domestic and global expansion of the company's real estate interests.
Donald Trump Jr is an executive vice president, and works to expand the company's real estate, retail, commercial, hotel and golf interests nationally and internationally. Eric Trump is executive vice president of development and acquisitions, responsible for new project acquisition, development and construction globally.
Typically, a blind trust involves turning over assets to an independent financial manager with no prior relationship to the owner. In addition, a blind trust derives its name from the idea that the owner would no longer know what assets are sold or bought. For instance, someone with extensive stock holdings would have no way of knowing which companies’ shares he or she still owned in a blind trust.
Trump’s portfolio includes interests in hundreds of limited liability companies, many overseas, as well as numerous real estate properties both domestic and foreign.
Short of selling the entire Trump empire, experts said, he will find it difficult to create a trust sufficiently “blind” to avoid the possibility of any conflicts.
Reuters.com
(Reporting by Emily Stephenson, David Lawder and Joseph Ax; Editing by Eric Beech and Leslie Adler)