Trust Records Show Trump Is Still Closely Tied to His Empire

[TomCADem]

Source: MSN/NY Times

Just days before his inauguration, President-elect Donald J. Trump stood beside his tax lawyer at a Midtown Manhattan news conference as she announced that he planned to place his vast business holdings in a trust, a move she said would allay fears that he might exploit the Oval Office for personal gain.

However, a number of questions were left unanswered — including who would ultimately benefit from the trust — raising concerns about just how meaningful the move was.

Now, records have emerged that show just how closely tied Mr. Trump remains to the empire he built.

While the president says he has walked away from the day-to-day operations of his business, two people close to him are the named trustees and have broad legal authority over his assets: his eldest son, Donald Jr., and Allen H. Weisselberg, the Trump Organization’s chief financial officer. Mr. Trump, who will receive reports on any profit, or loss, on his company as a whole, can revoke their authority at any time.

Read more: http://www.msn.com/en-us/news/politics/trust-records-show-trump-is-still-closely-tied-to-his-empire/ar-AAmBmE2?li=BBnb7Kz

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Republicans in Congress are pretty much looking the other way in exchange for Trump giving them their wish list on tax cuts, regulatory rollbacks, and court appointees. In contrast, Trump's nominee for Secretary of the Army had to withdraw due to conflicts that were not nearly as bad as those faced by Trump.

[cstanleytech]

1. The Republicans are going to regret their decision down the road as often when totalitarian

parties fall from power they fall very very far indeed like what happened to the Nazi party.

[FreeStateDemocrat]

2. How can much of the country be so ignorant about all the blatant corruption being perpetrated?

[riversedge]

3. Having Repug 'leaders' like Ryan and McConnell help to cover up the corruption.

[Plucketeer]

4. We wee (like that pun?) ones who can SEE what's going on

can't afford to just walk away from our daily pursuits and responsibilities to storm the executive mansion. Those who COULD take swift and decisive action, are afraid of repercussions. McTurtle's had his head pulled in since before the sham election, Lyan Ryan is not certain of anything that might generate blowback, and the minority is still reeling and incoherent.

Orange Dunce is in violation of laws even wee peons (there I go again!) can see. If there had been dirt like this on Obama, Biden would have ascended to the presidency.


The Don - producing another EO->