WOW: Inside Trump's holdings: A web of potential conflicts

CNBC ^ | 19 JAN 17 | John W. Schoen

[DCBryan1]

When he takes the oath of office Friday, President-elect Donald Trump will carry with him a massive web of potential conflicts of interest not seen in modern American history.

The next president's ethical quandary is the result of his refusal to divest himself of a sprawling network of more than 500 properties that he has amassed in more than three decades as a celebrity entrepreneur.

At a long-awaited news conference last week, Trump dismissed the potential conflicts after his attorney laid out the broad outlines of a plan to separate himself from the day-to-day operations of his businesses.

The plan includes the establishment of a trust to be run by his two sons and a Trump Organization executive. The company will also hire an ethics advisor to clear any new domestic deals, and Trump pledged to donate any hotel profits generated from foreign governments to avoid the appearance of gifts.

But the plan doesn't go nearly far enough to head off major ethical conflicts, Walter Shaub Jr., director of the U.S. Office of Government Ethics, said last week.

The new structure, he said, is "meaningless."

[Mr. K]

Bill Clinton is a rapist.
Any story on that yet?

[webheart]

I think we already had a pretty good idea about Trump’s wealth when we elected him. We decided it wasn’t worth worrying about. If Hillary had been elected her tangled web would have benefited her at the expense of national security. But, we were supposed to just trust her that her accumulation of wealth through influence peddling was in our best interests.

[Liz]

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."

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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

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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.

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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

[webheart]

Even Ross Perot made his money from the government by printing social security checks.

[nikos1121]

The president and vice president are not required divest their holdings.

[Lion Den Dan]

In WWII, F. Roosevelt, I think< said that what was good for General Motors was good for America. I hate to credit the nasty old Dem but he was right. Until such decision making becomes oppressive to the people, what is good for business is good for America.

[Dan Cooper]

Improving the economy, bringing jobs back to the US, that could be a conflict of interest because friends, relatives, and people that he knows might benefit. We could all benefit! That’s the worst conflict ever.

[FoxInSocks]

Congressional insider trading is specifically permitted by law, as I recall.

[mykroar]

celebrity entrepreneur.

Cute.

[itsahoot]

Quite a difference from the Clintons who didn’t even own a home of their own most of their lives.

Chappaqua was their first and it was a scam to enable Hillary to run for Senate from New York. They arranged for the purchase and managed to get us to pay for it by having the Secret Service build quarters on the compound which the Clintons now own and lease back to the Secret Service for an amount strangely similar to the loan payment on the house.

This scam is reminiscent of Billy Sol Estes.

[itsahoot]

because Trump is the first major businessman to become president in a hundred years, if not longer.

Don't remember the Kennedy family or Nelson Rockefeller huh?

[Mears]

Nelson Rockefeller became president? Who knew?

.

[CodeToad]

CNBC didn’t report a thing about Hillary having her illegal slush fund while Secretary of State.

Nor did CNBC report a thing about Obama making millions while in office.

[Pollster1]

The voters knew that President Trump owned the Trump Hotels, Trump golf courses, Trump Resorts, and the rest of the Trump network. This harping on “conflicts” will reinforce voter protectiveness of President Trump. I don’t mind much, but I would prefer the sort of objective reporting that might restore media credibility. This drumbeat of negativity is exactly as wrong as the media’s “no major scandals in eight years” coverage of the corrupt and destructive Obama Regime.

[Professional]

For 25 years I’ve been a stock broker/advisor.

None of us watch that CNBC drivel.

[Mariner]

In 1789 George Washington owned nearly 10,000 acres of the most prime real estate in America.

He was the nations leading producer and exporter of Tobacco, and distilled more whiskey than anyone on the continent. He stood to gain ENORMOUSLY, from detente with England, but signed the tariff act by Hamilton anyway.

He was filthy rich.

[Mr. K]

From the people who could not see one “potential conflict” in Clinton Global Initiative foundation.

[mississippi red-neck]

What about Nancy Pelosi and her husband's super conflict that been going on every since she been in office. he been getting all kinds of government contracts for years?

This is garbage.

From the founding of our government no one was expected to divest themselves of their business or livelihood to serve in office. It was never intended that anyone was to be a career politician.

They were to serve the people not as they do today to serve themselves.

The federal government did not even meet on a yearly basis to start with and was never intended to be a full time job.

It certainly was never intended to make those that took office instant millionaires as it does today.

I am 71 and it has never ceased to absolutely stun me to the degree of hypocrisy that these career politicians can sink to.

How they can think of new ways to continue degrade their own character is unbelievable and then have audacity to attack the character of someone else.

It is an amazement to me with people such mindset in leadership positions of governments, that life on this speck of a planet should seek to exist from moral putrefaction if not from sheer stupidity.

[Steve_Seattle]

"Don't remember the Kennedy family or Nelson Rockefeller huh?"

Rockefeller was never president, and JFK wasn't a businessman.