Trump Unveils 'Conflicts Of Interest' Solution: No Divestment, Hands Business Over To Sons And "Ethics Officer"

www.zerohedge.com | 1/11/2017 | Staff
cyanbyte (Posted by) Level 3











Earlier today, in what turned out to be at times a very contentious press conference, Trump and his attorney laid out the details behind plans to place his business interests into a trust to be run by his two adult sons during his presidency. Even though he opened by noting that, by law, he could very well ignore the criticism of the media and "run my business and run government at the same time" he concluded by noting that he just doesn't "like the way that looks." Per Bloomberg:

“I could actually run my business and run government at the same time,” Trump said at a press conference Wednesday, adding that he recently turned down an offer of $2 billion to do a deal in Dubai. “I don’t like the way that looks, but I would be able to do that if I wanted to.”

Weekend - Deal - Dubai - Man - Developer

"Over the weekend, I was offered $2 billion to do a deal in Dubai with a very, very amazing man, a great developer from the Middle East,” Trump said Wednesday, referring to the company Damac Properties Dubai Co PJSC. “I turned it down.”

Niall McLoughlin, a spokesman for Damac, confirmed Trump’s account. “Damac confirms that discussions took place but, as stated, they were declined,” he said by phone from Dubai. “These were proposals for different property deals.”

Trump - Attorney - Sheri - Dillon - Morgan

As laid out by Trump's attorney, Sheri Dillon of Morgan Lewis, his roughly 500 business entities will be placed into a trust to be run by Eric, Don Jr. and Trump's current CFO Allen Weisselberg who will make decision regarding day-to-day operations without consulting the President. Moreover, the trusts strictly forbid entering into new international business arrangements while new domestic arrangements will have to be approved by an "independent ethics officer" who has yet to be named.

Trump’s businesses, which include more than...
(Excerpt) Read more at: www.zerohedge.com
14 other people are viewing this story
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!

LongRoom Culture
Dance Meets Light Show - Light Balance Dancers at America's Got Talent 2017! This dance routine is amazing. It is...
Mouse Doesn't Let Being Upside Down and Under His Running Wheel Stop Him From Getting a Good Run In! Something is not right in...
One Cat Finds That Another Cat is Using Him As A Chair! The look on this cat's face is as though he is saying "You can't be...
Kite Surfers Setting World Record! It took a lot of kite surfers to make this video and some very exacting  and exciting riding.
Zombie Raccoon Apocalypse! This video could be straight out of a Zombie Raccoon Apocalypse movie, or just a quiet neighborly...
Man Kayaking Is Surprised By Surfacing Whales! This man is at the right place at the right time.  He must have noticed the...
Beautiful Huge, Cecropia Moth! The Largest Moth in North America! If you ever see one of these moths, you will be impressed...
Adorable Ragdoll Cats Gandalf and Flame Ride Atop A Robot Vacuum Cleaner! These cats are so cute and seem to be content to clean...
Heidi The Australian Shepherd Fetches Her Bed And Settles Down To Watch Planet Earth! This beautiful dog has a very interesting...
Slow Motion Video of Balloon Being Punctured Underwater! Bursting a balloon underwater makes an impressive special effect when...
Amazing Score By Little League Player! When you are running for home and the catcher is waiting there with the ball to tag you,...
Bird Surfs Down Snow Covered Roof, Grabs His "Surfboard," Flies Back Up To The Roof Ridge And Surfs Down Again!
Three Human Kaleidoscope! Brilliant synchronized hand motions that imitate the images you see in a kaleidoscope!  This is very...
One Little, Two Little...Wait... Three Little Kittens All Stretching! It only looks there are two kittens in this container...
Cat Is Rude and Keeps Scratching Sheep's Face, Then Sheep Gets Even! A few rather innocent sniffs and this sheep gets scratched...
Dog Caught Stealing a Bread Roll! Roll?  What Roll?  Oh, you mean this roll...  This dog is so adorable after being caught in...
Beautiful Lava Flow At the Kilauea Volcano, Hawaii! The looping on this gif is so perfect that it is mesmerizing!  Beautiful...
Cuttlefish Disguised As A Hermit Crab! This cuttlefish is doing a great imitation of a hermit crab as he's trying to make an...
How To Make A Rose Love Letter Card! This paper craft is pretty and clever and could be used for almost every occasion where...
Prairie Dog Wearing A Dress and Eating Cheese! Prairie Dogs make interesting pets and this one is adorable the way it chews on...
Slo Mo Guy's Video Experiment - Getting Crushed by Huge Water Balloon! The popular YouTubers The Slow Mo Guys, are known for...
Teamwork! Two Big Dogs Carrying A Stick Together Followed By A Little Dog! Branch Managers!  These two big black dogs are...
How To Make A Little Teapot Short and Stout! Okay, well, maybe this is a tiny teapot, but that aside, making a tiny teapot is...
Wooden Box Only Opens After Solving Complex Puzzle! If you want so get this box open, be prepared for a puzzling good time!...
Twin Boys Jump At The Same Time and It Looks Like A Mirror Image! These two twin boys are playing and not really paying a lot...
Herd Of Elephants Hurry To Meet New Orphaned Calf! This herd of elephants welcomes a new addition to their herd and they hurry...
Bald Eagle Picks Fish Right Out Of Lake! This bald eagle swoops down out of the sky and grabs this fish.  It has been observed...
Dog Relaxes On Couch! This dog looks like he has plans to stay on the couch for a long time!  He starts sitting up, then falls...
Triple Front Bike Flip by Ryan Williams! This flip called a "Nothing Front Bike Flip" is executed by Ryan Williams in this...
Shot From Medieval War Machine - A Trebuchet! This amazing construction of a medieval war machine called a trebuchet...