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Yo_Mama_Been_Loggin

(108,035 posts)
Thu Jan 12, 2017, 10:56 AM Jan 2017

Trumps presser was remarkable. It means were heading into truly uncharted territory.

At his presser today, Donald Trump confirmed the very worst fears of ethics experts, announcing a new arrangement for his business holdings that is designed to garner nice headlines but is unlikely to do much to reduce the possibility of conflicts of interest and, possibly, full blown corruption.

Trump did nothing to address the central ethical problem he faces: He will not divest himself of his holdings, only transferring control of them to his two sons. The Post sums up the arrangement:


Trump will shift his assets into a trust managed by his sons and give up management of his private company….

The announcement included a pledge from a Trump lawyer that the company would make “no new foreign deals whatsoever” during Trump’s presidency, and that any new domestic deals would undergo vigorous review, including approval by an independent ethics adviser.

But Trump’s commitment will not resolve what federal officials and ethics advisors say is his most key conflict: His continuing ownership of his business, the Trump Organization. That will ensure Trump will still have a vested financial interest in a global private company when he takes office next week.

Sheri Dillon, a tax advisor at Morgan Lewis, said Trump has sought to completely isolate himself from the business and “will only know of a deal if he sees it in the paper or on TV.” But he will not sell the business or his stake, adding, “President-elect Trump should not be expected to destroy the company he built.”

https://www.washingtonpost.com/blogs/plum-line/wp/2017/01/11/trumps-presser-was-remarkable-it-means-were-heading-into-truly-uncharted-territory/?tid=pm_opinions_pop&utm_term=.bf8cf6e9c78f

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Trumps presser was remarkable. It means were heading into truly uncharted territory. (Original Post) Yo_Mama_Been_Loggin Jan 2017 OP
Cronyism DK504 Jan 2017 #1
It was also remarkable for marybourg Jan 2017 #2
It's not good...nt 2naSalit Jan 2017 #3
His press conference was more like a campaign rally. It means he won't stop campaigning Johonny Jan 2017 #4
Like the USS Enterprise on its' 5 year mission. Initech Jan 2017 #5
PBS NewsHour had a very good interview about this last night. Arkansas Granny Jan 2017 #6

DK504

(3,847 posts)
1. Cronyism
Thu Jan 12, 2017, 11:01 AM
Jan 2017

"... is unlikely to do much to reduce the possibility of conflicts of interest and, possibly, full blown corruption. "

He wants Ivana's husband to come and play in the White House. And yet another conflict of interest. Nearly all Cabinet wanna be's all have hugggeee conflicts of interest, have yet to hear a peep from the media. Hmmmm.

marybourg

(12,633 posts)
2. It was also remarkable for
Thu Jan 12, 2017, 11:03 AM
Jan 2017

his attack on the MSM and for its absolute lack of programmatic substance and continued campaign mode dissing of rivals and praising himself.

Johonny

(20,851 posts)
4. His press conference was more like a campaign rally. It means he won't stop campaigning
Thu Jan 12, 2017, 12:21 PM
Jan 2017

He likes it. He hates the actual job of president. Eventually though Obama won't be president and someone will be doing the job...or not.

Initech

(100,081 posts)
5. Like the USS Enterprise on its' 5 year mission.
Thu Jan 12, 2017, 12:30 PM
Jan 2017

We're exploring dangerous and uncharted new worlds, and who knows what we're going to find?

Arkansas Granny

(31,519 posts)
6. PBS NewsHour had a very good interview about this last night.
Thu Jan 12, 2017, 12:34 PM
Jan 2017

They had Norman Eisan, Former Special Counsel to President Obama and Richard Painter, Former Associate Counsel to President George W. Bush were in agreement that what DT's attorney talked about at the news conference would still be in violation of the Constitution.

Transcript here:

http://www.pbs.org/newshour/bb/trumps-plan-company-enough-avoid-conflicts-interest/

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