Posts Tagged ‘The Trump Organization’

Donald Trump, a walking conflict of interest

May 3, 2017

I doubt if Donald Trump could get through a single day, certainly not a single week, without being involved in a conflict of interest.

The Atlantic magazine has drawn up a list of 39 issues (and counting) in which decisions by President Trump will affect the profitability of the Trump Organization.

Maybe the biggest one is the federal investigation of the Deutsche Bank, which holds $300 million in IOUs from the Trump Organization.

U.S. banks wouldn’t give Trump credit after he defaulted on debt when his Atlantic City casinos declared bankruptcy, so he turned to the Deutsche Bank, which is under investigation by the U.S. Department of Justice on charges of  laundering money for Russian mobsters.  Attorney-General Jeff Sessions said he will continue this investigation impartially.  We’ll see,

The Department of Labor and Internal Revenue Service have been conducting investigations as to whether the Trump Organization violated labor law and tax law.   Will these investigations continue?  We’ll see.

The Trump Organization’s lease agreement with the General Services Administration for the Trump International Hotel property contains a provision that no elected official will be part of the lease.  But the GSA has ruled this doesn’t apply to Trump because he’s no longer officially head of the business.  An impartial decision?  Maybe.

Trump’s business is involved in business deals with politicians and close relatives of politicians in India, Indonesia, the Philippines, Turkey, Dubai and Argentina.  Will Trump, if necessary, make decisions that threaten those relationships?  We’ll see.

And then there are daughter Ivanka’s women’s fashion business and son-in-law Jared Kushner’s family real estate businesses.

Never even mind the penny-ante stuff—Donald Trump charging the Secret Service for use of Trump facilities while they guard him and his families.

Any of these conflict would be highly controversial as a stand-alone issue.  The problem is that there are so many issues it is impossible to remember any one of them.

The problem is that there is hardly any decision that Trump or his appointees can make—whether in foreign policy, tax policy, labor policy, environmental policy or consumer protection—that will not in some way affect the profitability of the Trump businesses.

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Donald Trump’s sleazy business record

September 4, 2016

87aa7546_donald-80s[This was originally posted July 13, 2016.  Links added since then are in italics.]

Candidates for political office can be better understood by their records than by their rhetoric.

Donald Trump has never held public office, but his record as a business owner and promoter tells what to expect from him if he ever does.

His record is one of success through use of political influence, and at the expense of investors and customers who believe his claims.

I’ve compiled links to articles about Trump’s business record.   They should be a good warning to voters who think Trump’s business success qualifies him for high political office, or who think that Trump can be trusted to act in their interests.

Probably there are links to more articles than you, as a busy person, have time to click on.  I recommend that you skim the headlines to get a general idea, and click on whatever seems interesting to you.  I particularly recommend the articles by David Cay Johnson, who has been following Trump for many years.  Or, if you have time to read only one a couple, read the following:

Trumpology: A Master Class, a group interview of Trump biographers Wayne Barrett, Michael D’Antonio, Harry Hurt III, Gwenda Blair and Timothy L. O’Brien by Susan B. Glasser and Michael Kruse for POLITICO magazine.

‘The Making of Donald Trump’: David Cay Johnston on Trump’s Ties to the Mob and & Drug Traffickers, an interview by Amy Goodman for Democracy Now.

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