Wilbur J. Ross, Jr., the billionaire investor who is one of Donald Trump’s closest advisors on trade and economics, has extensive Russian financial ties that the Senate must thoroughly explore before voting on his nomination as Commerce Secretary.
If you measure President Donald Trump’s conflicts of interest by the amount of money at stake, or the variety of dicey interactions with government regulators, one dwarfs any other: his relationship with Deutsche Bank. The bank hoped to eliminate the president’s personal guarantee on loans. But such a move would not eliminate the conflict of interest, since the president’s company, which Trump still owns, would remain on the hook to pay back the loans.
If Trump does not put his businesses in a true blind trust, how will we know if he is even violating the Emoluments Clause? Because of limited financial-disclosure requirements, we might not.
Nothing in the law would prevent Trump from running his conglomerate or even profiting from it while in office. Apart from annual financial reporting requirements, federal conflict-of-interest rules for government employees and members of Congress don’t apply to the president.
Republican presidential nominee Donald Trump has taken out 16 loans from 11 different lenders, totaling at least $335 million, according to a Mother Jones analysis of Trump’s financial disclosure form.
New York (AFP) — A dozen banking giants have been sued in New York for allegedly fixing global foreign exchange rates in the latest ripple to accompany government probes of the huge market. The defendants in the class-action lawsuit, which include BNP Paribas and JPMorgan Chase, shared confidential information during private online chat sessions to […]