Trump Foreign Profits in Violation of Constitution, Suit Claims

ABC News ^ | 1/23/2017 | Brian Ross Matthew Mosk Rhonda Schwartz Randy Kreider Jan 23, 2017, 6:37 PM ET

[RideForever]

Fake news. Nothing is news until it happens. No case number, no suit.

[xzins]

IIRC, isn’t Trump giving the profits of those kind of customers to the US Treasury?

[Steve_Seattle]

"If it was at normal rates, and they get no preferential treatment, or they do get preferential treatment but there’s no visible quid pro quo other than the hotel room, it’s less suspicious."

Yes, if rooms are booked at normal rates, I see no reason for suspicion. And if an Arab sheik didn't rent the rooms, somebody else probably would. It's not as if the hotel was set up for the specific purpose of facilitating sleazy financial deals with foreign leaders.

A larger question is, "Is there any evidence that Trump sought the presidency for his own financial gain?" I would say, definitely not. If anything, it has cost him money, and quite a lot of it.

[wastedyears]

There’s exemptions for the supreme court, president, vice president, and I think members of both houses of congress.

They can thank 0bama for that. There legally isn’t a conflict of interest anymore.

[steve8714]

Do they cite a statute in the suit? Dismissed.

[catnipman]

President Trump has already directed that his companies deposit into the U.S. Treasury all profits derived from his foreign properties as a consequence of any patronage by foreign governments.

This lawsuit is DOA.

[Liz]

Let's get to the REAL crimes.

Pres Trump needs to suggest AG Sessions rite an inquiry letter to the US Dept of the Treasury and be sure to ask what RAHM AND Obama were doing in the US Treasury after Obama got elected. There HAS to be a paper trail. One can get awfully rich awfully fast knowing the Fed's Treasury moves in advance. Read on.

"Don't worry, Mr President, the Dept of the Treasury is under your control."

=============================================

ONCE UPON A TIME, IN THE PRIVILIGED ENCLAVES OF
OUR NATION'S CAPITAL, RHAM EMANUEL HELD TWO JOBS Soon as they occupied the WH, Obama and the Chicago con artists (a) took control of the US Census; (b) Obama placed his COS Rahm Emanuel in control of the US Dept of the Treasury (oversees the IRS).

PAUSE TO REFLECT First-term Obama had tight control of Treasury; Obama calculatedly placed his then-COS Rahm Emanuel in a dual role.......in the WH and at Treasury. Obama had a stranglehold on Treasury via COS Rahm Emanuel's dual role

==========================================

THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move.

When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09

More here: http://online.wsj.com/article/SB124113406528875137.html

cont

[Liz]

cont

One savvy FReeper posted that he knew a guy in one of those “too big to fail” firms.....guy was tearing down a $3 million-dollar home to put in a $20 million dollar home. Most of it paid for up-front by the guy's TBTF company; other TBTF banks chipped in for the guy's obscenely low mortgage.

===========================================

Here's why.

EXCERPT---FOURTEEN TRILLION DOLLARS Behind The Real Size of the Obama Bailout; A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street
SOURCE motherjones.com --- Mon Dec. 21, 2009 12:23 PM PST

The price tag for the Wall Street bailout is popularly put at $700 billion—---the actual size of TARP--the Troubled Assets Relief Program.

But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside untraceable money to bail out financial firms and inject money into the markets.

PAUSE TO REFLECT First-term Obama had tight control of the US Treasury; Obama calculatedly placed his then-COS Rahm Emanuel in a dual role.......in the WH and at Treasury. Obama had a stranglehold on Treasury via COS Rahm Emanuel's dual role.

To get a sense of the size of the real $14 trillion bailout, see MJ chart at web site. A guide to the pieces of the puzzle includes massive untraceable Treasury Department bailout programs.

Money Market Mutual Fund: In September 2008, the Treasury controlled by Obama/Emanuel announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].

Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokerages—as much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].

TARP: As part of the Troubled Asset Relief Program, the Treasury controlled by Obama/Emanuel made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.

Government-sponsored enterprise (GSE) stock purchase: The Treasury controlled by Obama/Emanuel bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."

GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury controlled by Obama/Emanuel may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---

LONG READ---go to web site to read more and checkout the shocking financial charts.

SOURCE http://motherjones.com/politics/2009/12/behind-real-size-bailout

[billyboy15]

What Clinton did before he was president was a crime. What Trump did before he was president was not.

[combat_boots]

Profits should also then apply to those earned by any member of Congress, from investing in foreign stocks or companies with foreign operations.

[Fhios]

You simply not getting it so I’ll leave this thread all to you.

[Amish with an attitude]

They can keep on raining, and Trump can keep on being the parade!

[billyboy15]

Lol, I’M not getting it?

You first claim that Clinton was able to be sued by Paula Jones for something Clinton did which was illegal before he became president. Now I happen to agree with what you say. Donald Trump is being sued for something that is happening now while he is President, which is according to the lawsuit accepting money from foreign countries through his businesses.

According to what you said the president or any president cannot be sued for what he does while in office but this suit against Trump is claiming a violation under the emoulument laws, such violation occurring BEFORE he was in office, which according too you is not possible. Not to mention emolument laws do not apply to non governmental individuals.

Sorry but it is you who “doesn’t get it.”

[Eleutheria5]

He’s also taken a salary of $1 a year. Financial gain is probably the last thing on his mind. He’s already made and lost and made back again his billions.

[fireballxl5]

I agree. the fact that the Clinton Foundation is now dissolving is all the proof I need. It was a way to launder money to the Clintons and their “Presidency in Exile”.

[Almondjoy]

I believe if you read the clause word for word it says presents or titles. It doesn’t say you can’t own a business.