[opie1988]

All of Trump's kids first class individuals. Too bad they can't be very involved. Would all be a great asset to this country.

[stealthyburrito]

All of Trump's kids first class individuals. Too bad they can't be very involved. Would all be a great asset to this country.

Opies right Ivanka has some great ASSets on her

[packerd_00]

Ivanka is hot

Hell yeah.

[grease lightnin]

It's not that complicated. It ain't blind if you know what's in it.

Incorrect. http://www.investopedia.com/terms/b/blindtrust.asp

[d2bets]

Incorrect. http://www.investopedia.com/terms/b/blindtrust.asp

Incorrect. http://congressionalresearch.com/RS21656/document.php

CRS Report for Congress
The Use of Blind Trusts By Federal Officials
Jack Maskell
Legislative Attorney
American Law Division
Summary
A blind trust, as discussed in this report, is a device employed by a federal official
to hold, administer and manage the private financial assets, investments and ownerships
of the official, and his or her spouse and dependant children, as a method of conflict of
interest avoidance. In establishing a qualified blind trust upon the approval of the
appropriate supervisory ethics entity, the official transfers, without restriction, control
and management of private assets to an independent trustee who may not communicate
information about the identity of the holdings in the trust to the official. The trust is
considered “blind” because eventually, through the sale of transferred assets and the
purchase of new ones, the public officer will be shielded from knowledge of the identity
of the specific assets in the trust. Without such knowledge, conflict of interest issues
would be avoided because no particular asset in the trust could act as an influence upon
the official duties that the officer performs for the Government.

---------------

And this makes sense. The BLIND in blind trust obviously means that the individual for whom it's blind is supposed to not know what is held by the trust (to avoid influence and conflict of interest). If it's simply that someone else is managing your money for your benefit but you know what is held - that's a trust - but that's not a blind trust. And the conflict of interest is not removed if it's not blind.

All that said, it's my understanding that there's a hole in the law that technically makes the president not subject to this, even though every past president has abided by it. Of course, we know that Trump is not constrained by voluntary ethical norms and practices.

[grease lightnin]

Incorrect. http://congressionalresearch.com/RS21656/document.php

CRS Report for Congress
The Use of Blind Trusts By Federal Officials
Jack Maskell
Legislative Attorney
American Law Division
Summary
A blind trust, as discussed in this report, is a device employed by a federal official
to hold, administer and manage the private financial assets, investments and ownerships
of the official, and his or her spouse and dependant children, as a method of conflict of
interest avoidance. In establishing a qualified blind trust upon the approval of the
appropriate supervisory ethics entity, the official transfers, without restriction, control
and management of private assets to an independent trustee who may not communicate
information about the identity of the holdings in the trust to the official. The trust is
considered “blind” because eventually, through the sale of transferred assets and the
purchase of new ones, the public officer will be shielded from knowledge of the identity
of the specific assets in the trust. Without such knowledge, conflict of interest issues
would be avoided because no particular asset in the trust could act as an influence upon
the official duties that the officer performs for the Government.

Can you not read? The assets do not have to be liquidated before they enter the trust. You just highlighted my point in your own post yet you are continuing to argue with me.

Go get bent guy.

[d2bets]

Can you not read? The assets do not have to be liquidated before they enter the trust. You just highlighted my point in your own post yet you are continuing to argue with me.

Go get bent guy.

Before or immediately is irrelevant. Obviously a person knows what they transfer to a trust. Always. The point is that simply transferring his assets into a trust and calling it a blind trust does not make it a blind trust. If the trustee doesn't have the directive to liquidate and reinvest in new assets, then by definition it ain't a blind trust. And it also ain't a blind trust if his kids manage it.

Or put another way: the trust becomes a blind trust only if and when the grantor no longer knows what's in the trust and the trust is managed by a completely independent third-party. Until those requisites are met, then it's just a trust. It may be revocable or irrevocable. It could be also be a grantor trust or non-grantor trust for tax purposes. 'Blind' is just a descriptive term for when a trust that meets those requirements.

You can admit you're wrong at any time.

[grease lightnin]

Before or immediately after is not the point.

You realize your quote used the word 'eventually' not 'immediately', right?

The point is that simple transferring his assets into a trust and calling it a blind trust does not make it a blind trust. If the trustee does not liquidate and reinvest in new assets, then by definition it ain't a blind trust.

You are missing my point. By your definition, there is no such thing as a blind trust unless the entirety of the public officer's assets are liquid marketable securities. But this is unrealistic. This is why the investopedia article says there is no way to completely avoid conflicts of interest. It lists the media and public outcry as better tools to avaoid such conflicts of interest than blind trusts.

You suggesting that DJT liquidate all his assets before Jan is unrealistic and ridiculous.

I am going to bed. Good night.

[d2bets]

You realize your quote used the word 'eventually' not 'immediately', right?



You are missing my point. There is no such thing as a blind trust unless the entirety of the public officer's assets are liquid marketable securities. This is why the investopedia article says there is no way to completely avoid conflicts of interest. It lists the media and public outcry as better tools to avaoid such conflicts of interest than blind trusts.

You suggesting that DJT liquidate all his assets before Jan is unrealistic and ridiculous.

I am going to bed. Good night.

That's probably true in terms of timing. But he should turn it over to an independent trustee immediately with instructions to liquidate as soon as possible. His business entanglements are completely unmanageable if he doesn't get very serious about it very quickly. It will completely swamp him during his presidency. Maybe he'll end up quitting out of frustration.

[Mr KLC]

Trump will be the third President to get a blow job in the Oval office. First was JFK, then Bill.

I could have sworn that I heard the poet, Too Short, say something about Nancy Reagan and corn on the cob. I could be wrong though.

[Wallco99]

You're all BLIND. TRUST me on that.

[King Mayan]

Hell yeah.

Looks like a high end tranny to me..

[tony_come]

How many can say they bang in the White House

[GUMMO77]

How many can say they bang in the White House

A handful of us.

Even a maid needs to be banged sometimes, no?

[grease lightnin]

That's probably true in terms of timing. But he should turn it over to an independent trustee immediately with instructions to liquidate as soon as possible. His business entanglements are completely unmanageable if he doesn't get very serious about it very quickly. It will completely swamp him during his presidency. Maybe he'll end up quitting out of frustration.

http://www.cnn.com/2016/11/15/politi...ett/index.html

[chico2663]

I am not sure about this because they were asked this very question in the 60 minutes interview on Sunday.

The boys said they will be in NYC running the family business, Ivanka said she would be advocating for women's issues and children. All the shit Melania would have said if she could speak english. But she made it clear she would not work for the Admin.

Trump said he would not take the salary. I thought that was admirable

there is a nepotism law in place.

[chico2663]

Doing away with the IRS? The EPA? Unreal that you actually think this.

Now that Trump has won, rkelley and d2 have gone the way of brooks and shruter.

Greaser IS a moderate. And the only one here apparently.

greaser he said it in his speeches. Guess you never watched.

[rkelly110]

Doing away with the IRS? The EPA? Unreal that you actually think this.

Now that Trump has won, rkelley and d2 have gone the way of brooks and shruter.

Greaser IS a moderate. And the only one here apparently.

You must listen closer to what the Donald says my friend. Tax code simplification? He's said about doing
away with the EPA during one of his rally rants.

The guy is audited every year. That's what happens when you take a billion dollar loss. Think of the money
him and his rich buddies can pocket w/o an IRS.

EPA is a huge pain in the ass to his businesses of real estate and to the oil sector, especially fracking of which
he wants to go full bore on.

[grease lightnin]

You must listen closer to what the Donald says my friend. Tax code simplification? He's said about doing
away with the EPA during one of his rally rants.

The guy is audited every year. That's what happens when you take a billion dollar loss. Think of the money
him and his rich buddies can pocket w/o an IRS.

EPA is a huge pain in the ass to his businesses of real estate and to the oil sector, especially fracking of which
he wants to go full bore on.

Tax reform and various deregulations will likely occur, but to say he will "do away" with entire govt agencies is alarmist-speak, and I like you, but it lowers your credibility, imo.

[d2bets]

Tax reform and various deregulations will likely occur, but to say he will "do away" with entire govt agencies is alarmist-speak, and I like you, but it lowers your credibility, imo.

Good luck with serious tax "reform." The income tax code will not shrink. Maybe he'll end AMT, which would be good. Hopefully he'll also carry through on his promise to end carried interest.

[chico2663]

Good luck with serious tax "reform." The income tax code will not shrink. Maybe he'll end AMT, which would be good. Hopefully he'll also carry through on his promise to end carried interest.

That amt used to piss me off. I got hit with that every year

[rkelly110]

Tax reform and various deregulations will likely occur, but to say he will "do away" with entire govt agencies is alarmist-speak, and I like you, but it lowers your credibility, imo.

You're probably right, because he's talking down what he was saying on the campaign trail. IE: drain the swamp.

[freeVICK]

Ivanka is hot af compared to the obama girls

[chico2663]

I could have sworn that I heard the poet, Too Short, say something about Nancy Reagan and corn on the cob. I could be wrong though.

sinatra was boning nancy in the white house.

[grease lightnin]

Good luck with serious tax "reform." The income tax code will not shrink. Maybe he'll end AMT, which would be good. Hopefully he'll also carry through on his promise to end carried interest.

I am hoping he lowers corporate tax, closes loopholes and has a tax holiday for corporate cash to be repatriated from overseas

[d2bets]

Ivanka is hot af compared to the obama girls

The Obama girls are minors.