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View Full Version : It doesn't matter--trust me.



Shang
09-16-2016, 10:36 PM
Donald Trump Jr. insisted Friday that his father would place his business holdings in a blind trust managed by his adult children, who are executives at his company, defending the proposed arrangement against pushback that it would not truly be a "blind trust."

"We're not going to be involved in government. We wouldn't be involved in government," Trump Jr. told ABC's George Stephanopoulos during an interview on "Good Morning America."

Remarking that his father would not be making any decisions "as it relates to the company," Trump Jr. called it "standard operating procedure for any president who has had businesses, whether it was George Bush, whether it's — he's not going to have anything to do with it."

Stephanopoulos then noted that both Bushes who served as president, along with Bill Clinton, Ronald Reagan and 2012 GOP nominee Mitt Romney, all put their assets in a blind trust during the campaign, adding, "your father hasn't done that."

"He will certainly do it if he becomes president," Trump Jr. said, to which Stephanopoulos responded, "A blind trust, it's not a blind trust if it's being run by his children."

Once again, Trump Jr. disputed the characterization.

"It is because he'll have nothing to do with it, George. He’s said that. He wants nothing to do with it. He wants to fix this country. He wants get the country on the right track again," Trump Jr. remarked, agreeing with the notion that Stephanopoulos proposed a "wall between you and your siblings and your father."

Stephanopoulos pressed, "He's still going to know what the businesses are, where they are."

"We're not going to discuss those things. We're just not—it doesn't matter. Trust me. As you know, it's a very full-time job. He doesn't need to worry about the business," Trump Jr. said. "The business is in good hands. He trusts us with that, 100 percent."

Read more: http://www.politico.com/story/2016/09/donald-trump-jr-blind-trust-businesses-228269#ixzz4KTqqDDIc
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bobbys
09-17-2016, 12:19 AM
No body replied but I'm here fer you professor .

Rich Jones
09-17-2016, 06:59 AM
I watched a discussion about this on TV. The only blind trust that would be acceptable would have to be run by an independent firm, not the kids. Of course, this would put the kids out of a job for at least four years. They would not be happy. Poor babies.

Norman Bernstein
09-17-2016, 08:08 AM
It's not a 'blind trust', by any means. In a 'blind trust', the beneficiary does NOT know where the investments are.

Trump will know his financial situation, and will (if elected) have continuous conflicts of interest with nearly every decision that involves possible effects on his personal wealth and business interests.

Too Little Time
09-17-2016, 08:52 AM
Since there is no legal requirement for the President to not know where his investments are, there is no reason to even care.

The biggest issue is his position on the estate tax. Even with no knowledge of his investments he knows how changes in the estate tax will affect him.

But why worry about it. Trump is not going to be President.