Obama didn't. Kennedy didn't. Pelosi didn't. Neither did Biden.

They put their portfolios into blind trusts. Collusion and cooperation between the owner and the fiduciary is considered a violation of that "blindness" and reportedly has consequences.

This led to a bit of weirdness when Bush II, I guess it was, didn't know he allegedly owned stock in something. The weirdness was that the only way he was legally supposed to find out he owned something was by looking at the investment declaration filed on his behalf, and he wasn't entitled to know if he still owned it by the time he saw the filing. (In fact, the reporters didn't know if he still owned the stock, either, just that he did.)

They knew the stock was to be in a blind trust, what that entitled, and pretended that it wasn't and they didn't. Better news story that way.

spanone

(135,803 posts)

7. Les Moonves: Trump's run is 'damn good for CBS'

Reply to ghostsinthemachine (Original post)

Tue May 3, 2016, 07:55 PM

May 2016

don't wanna kill the cash cow

Donald Trump’s candidacy might not be making America great, CBS Chairman Les Moonves said Monday, but it’s great for his company.

"It may not be good for America, but it's damn good for CBS," Moonves said at the Morgan Stanley Technology, Media & Telecom Conference in San Francisco, according to The Hollywood Reporter — perfectly distilling what media critics have long suspected was motivating the round-the-clock coverage of Trump's presidential bid.

"Most of the ads are not about issues. They're sort of like the debates," Moonves said, noting, "[t]here's a lot of money in the marketplace."

The 2016 campaign is a "circus," he remarked, but "Donald's place in this election is a good thing."

Read more: http://www.politico.com/blogs/on-media/2016/02/les-moonves-trump-cbs-220001#ixzz47dkgaTQo
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