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Some Professional Guidelines For Tactics In Business Lending

As a result, its difficult to know how much, if at all, Trump may have considered the stock, particularly considering that he didnt appear to remember his initial promise to save the Carrier plant. Additionally, Trump does not have stock in the next company he called out on Twitter , Rexnord Corporation (which is also based in Indiana), or its parent company, The Carlyle Group. Still, Trumps deal with Carrier demonstrates the unprecedented challenge the president-elects conflicts of interest create: Unless he either puts his holdings in a truly blind trust or divests completely, a significant number of the decisions he makes will involve some level of financial incentive for himself as well as for the country. That Blind-Trust Issue Over the past few months, a number of experts have called for President-elect Donald Trump to either sell off his business holdings or, if the illiquidity of his assets prevents him from doing so , to put as much as possible into a blind trust managed by a lawyer or other trustee with whom he will have no contact. Pursuing one of these two options is seen by many as an important step to distancing himself from even the appearance that he will be considering his own financial prospects in addition to those of the nation while in office. In response, Trump repeatedly said during the campaign that he intends to cede control of his business to his three adult children, Donald Jr., Ivanka, and Eric, although, as has been previously noted , doing so would barely even create the appearance of a blind trust given how his children are close advisers , members of his transition team , and, well, his children. (Trump has also alluded on Twitter to an upcoming press conference in which he intends to more fully explain his plans, although doubts remain that the arrangement he proposes will actually create the necessary barriers between Trump and his business.) Moreover, even if one does take take the president-elect at his word that his children will be entirely separate from his administration, events since his election strongly suggest otherwise. All three have been seen in contexts that significantly diminish the appearance of separation Roughly two weeks before the election, Donald Jr. met with a pro-Russian group in Paris to discuss his fathers policy toward Syria and, according to Politico , was involved in his fathers search for a Secretary of the Interior; he was also spotted hunting in Turkey shortly after his fathers phone call with Turkish President Recep Erdogan in which the president-elect praised a Turkish business partner. Eric, meanwhile, appeared in photos with his father and a group of Indian businessmen mere days after the election.

http://www.theatlantic.com/business/archive/2017/01/donald-trump-conflicts-of-interests/508382/?utm_source=feed

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