Trump to Let Sons Control His Assets

Donald Trump says as a conflict avoidance measure, he will put his assets in a trust, to be run by his sons Donald and Eric, and Trump Organization CFO Allen Weisselberg.

He will even hire a "conflict adviser" to determine if new deals pose a conflict. (Will this be an independent contractor or a Trump employee?)

Trump will place the majority of his assets—including cash, real estate and licensing entities—into a trust controlled by his sons by January 20th, she said. The trust agreement includes the hiring of an ethics adviser who must evaluate all new deals the Trump Organization makes that could pose possible conflicts of interest. The company will make no new foreign deals, but can work domestically.

“He will only know of a deal if he reads it in the paper or sees it on TV,” Dillon said.

What if one of his sons or someone else tweets about it? Donald will refrain from picking up the phone to tell them what he thinks? Right.

I hope some government agency will be monitoring every communication device accessible to Trump (and his wife when they are in the same city.) Sounds like a perfect job for the DEA since the FBI under Comey seems paralyzed by partisanship.

Jared Kushner will do something similar -- he will sell some assets, turn some over to his brother, and put others in a trust run by his mother.

Ivanka will no longer work for Trump and she will give up control of her company (that sells shoes made in China and Ethopia. Probably a good idea.)

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  • Display: Sort:
    Is there a new federal budget item (5.00 / 1) (#1)
    by ruffian on Wed Jan 11, 2017 at 03:17:28 PM EST
    for handling lawsuits from everyone that thinks they got scr***ed because Trump steered federal business away from them and toward his own interests?

    I guess that is the only avenue to fight this. Haul him in for depositions every month and when he inevitably lies, call it out and hope Paul Ryan has had enough of Sweet Potato Stalin and will impeach.

    Baa waa waa (5.00 / 3) (#2)
    by Ga6thDem on Wed Jan 11, 2017 at 03:43:11 PM EST
    I guess his minions will swallow this but I don't think anybody else is going to.

    The plan (5.00 / 4) (#3)
    by Peter G on Wed Jan 11, 2017 at 07:04:48 PM EST
    is an embarrassing farce.

    Situational ethics. (5.00 / 1) (#6)
    by KeysDan on Fri Jan 13, 2017 at 11:33:05 AM EST
    Jason Chaffetz (R.UT) chair of House Oversight, has taken after Walter Shaub, head of the Office of Government Ethics, for criticizing Trump's "20/20 vision" trust plan.

      In a letter to Mr. Shaub, Chaffetz noted that he has the power to reauthorize (or not) the ethics office.  Mr. Shaub was given the option of volunteering to come to a closed door meeting with Chaffetz, or be subpoenaed.

    Chaffetz has not indicated if he has looked his daughter in the eye of late, having announced after Trump's pussy-grabbing tape revelation, that he wouldn't be able to look his daughter in the eye if he endorsed Trump.  And, then went on to vote for the man.  This is quite the situation.

    That 'conflict advisor' is going (none / 0) (#4)
    by ruffian on Wed Jan 11, 2017 at 08:07:47 PM EST
    to have sore eyes and a sore neck from all the winking and nodding.

    In related news... (none / 0) (#5)
    by kdog on Wed Jan 11, 2017 at 09:16:25 PM EST
    Clarence Beeks has returned from African exile to head Trump's Dept. of Agriculture.

    Sen. Al Franken could not be reached for comment.


    A cover-up. (none / 0) (#7)
    by KeysDan on Fri Jan 13, 2017 at 03:38:36 PM EST
    The inauguration has leased porta-potties from a firm called "Don's Johns."  But, the portable restrooms' names are being taped over.

    And a purge (none / 0) (#8)
    by FlJoe on Fri Jan 13, 2017 at 04:03:28 PM EST
    Head of D.C. National Guard to be removed from post in middle of inauguration
    The U.S. Army general who heads the D.C. National Guard and is an integral part of overseeing the inauguration said Friday he has been ordered removed from command effective Jan. 20, 12:01 p.m., just as Donald Trump is sworn in as president.

    Do the Trump businesses get much government (none / 0) (#9)
    by Green26 on Sat Jan 14, 2017 at 12:55:37 AM EST
    business, or subsidies or payments, or anything else from the government? I don't know, and didn't look. Thought some of you might know. Thx.

    One thing I can tell ya... (none / 0) (#10)
    by kdog on Mon Jan 16, 2017 at 01:04:33 PM EST
    they get from the government is easily exploitable for profit corporate bankruptcy laws...The Teflon Don has made good use of that type of government assistance.

    Also (none / 0) (#11)
    by FlJoe on Mon Jan 16, 2017 at 01:40:56 PM EST
    the real-estate mogul took advantage of taxpayer-funds designed to help struggling small-business owners in Lower Manhattan affected by the attack.
    His company collected a $150,000 grant for losses at 40 Wall St. The grant application describes the corporation through which Trump owns that building as having 28 employees and $26.8 million in annual revenues. That passed the ESDC's small business test of less than 500 employees. But the revenue amount would put the single Trump property over the federal definition of a small business - which is $6 million annually for lessors of nonresidential buildings

    Welcome to the swamp...suckers.