Thursday, December 22, 2016

Trump's "Half-Blind" Trust Blasted as Absurd

President-elect Donald Trump's team is reportedly considering setting up a "discretionary trust" that would allow Trump to distance himself from his businesses while still reaping their financial benefits—an arrangement that, as government watchdogs put it, is "inappropriate" at best and "a betrayal" at worst.
Politico on Wednesday reported that Trump aides were speaking with the Office of Government Ethics (OGE) this week, indicating that the team is still attempting to sidestep ethical boundaries rather than abide by them. It's the latest in a series of steps by the family that suggest they are selling off access to the president and attempting to profit off Trump's rise to power.
"It's highly inappropriate," former ethics lawyer Richard Painter told Politico. "To have someone baby-sit your conflict-creating assets while you go around and do whatever you want, in my view that's a violation of at least the spirit of the rules and that's an abuse."
In a typical blind trust, an independent financial manager takes over the official's assets and handles them without input from the owner. Assets that are considered conflicts of interest—of which Trump has a historic amount—are sold off and replaced. Read full story here 

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