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Well, Warren Buffet owns the railroad that transports the oil that would be flowing through the Keystone Pipeline if his friend Barack Obama had not blocked it, over and over again. I don't see much difference. Perhaps Obama owns stock in Buffet's company?
Although not required, Obama liquidated and holds his investments in treasury securities to avoid a perception of a conflict of interest.
Last edited by middle-aged mom; 12-05-2016 at 06:39 AM..
While POTUS is exempt, prior POTUSes have liquidated to avoid perception of a conflict of interest.
If we are going to be honest about this it doesn't matter what he does and the conflicts are unavoidable. The one comment Trump made was if some people had their way he wouldn't be able to talk to his kids for the next 4 years. How does he avoid the conflict? He can't.... Every decision he makes that could benefit his companies will paraded through the mass media.
No,it means if they want to be and win they must divest themselves.
Are you trying to say Trump didn't win ?
Connecting with your logic is rather difficult when it doesn't meet with the reality of the election just held.
There are Conflict of Interest ethics laws that require the Executive Branch to liquidate their investments and either place the proceeds into treasury securities or approved mutual funds. Upon doing so, the employee recieves a Certificate of Divestiture which allows the holder to defer capital gains tax so long as the investments in Treasuries or approved funds remains in place.
The President is exempt from this requirement. Nonetheless, Presidents typically do not exempt themselves from the ethics requirement to avoid creating a perception of a conflict of interest.
Can't imagine Trump or any future POTUS would break from this precedent.
I bet this president elect will be the first to break this, he is just
that brazen and thinks he is above all of us.
What I don't understand is that his followers apparently think
it is all right to have a president run his business on the side with
full access to inside info and special treatment from
countries ?
How can separating presidency and business even be a partisan issue?
Shouldn't we all want those two things clearly separated?
WASHINGTON -- President-elect Donald Trump holds stock in the company building the disputed Dakota Access oil pipeline, and pipeline opponents warn that Trump’s investments could affect any decision he makes on the $3.8 billion project as president.
Trump’s 2016 federal disclosure forms show he owned between $15,000 and $50,000 in stock in Texas-based Energy Transfer Partners. That’s down from between $500,000 and $1 million a year earlier.
Trump also owns between $100,000 and $250,000 in Phillips 66, which has a one-quarter share of Dakota Access.
While Trump’s stake in the pipeline company is modest compared with his other assets, ethics experts say it’s among dozens of potential conflicts that could be resolved by placing his investments in a blind trust, a step Trump has resiste
You are kidding? $15,000 and $50,000? These amounts are inconsequential to him. And the Phillips 66 stock how much of an impact on their earnings and holdings do you think relate to the pipeline.
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