Donald Trump is leveraging his new position as president-elect to empower his business empire — and he’s doing it publicly.
We’ve known for some time that Trump didn’t plan to actually resolve the unprecedented conflicts his far-flung business interests presented.
Instead of liquidating his assets and placing them in a Qualified Diversified Trust, as President Bush did, or investing in index funds and government bonds, as President Obama did, Trump has done nothing.
The first truly corporate presidency.thinkprogress.org
He’s waved away concerns about conflicts-of-interest, saying that he would just hand over control of his business interests to his children.
He called this a “blind trust” but it is actually the opposite. A blind trust is when you hand marketable assets over to a neutral third party to control. The contents of the trust, since they can be traded at any time by the administrator, are soon unknown to you. Trump knows what his assets are and says he is handing them to his children.