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Thread: Trump Can Pull Money Out Of His Business At Any Time.

  1. #1
    Moderator HayJenn's Avatar
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    Trump Can Pull Money Out Of His Business At Any Time.

    When President Donald Trump placed his businesses in a trust upon entering the White House, he put his sons in charge and claimed to distance himself from his sprawling empire. “I hope at the end of eight years I’ll come back and say, ‘Oh you did a good job,’” Trump said at a Jan. 11 press conference. Trump’s lawyer explained that the president “was completely isolating himself from his business interests.” The setup has long been slammed as insufficient, far short of the full divestment that many ethics experts say is needed to avoid conflicts of interest. A small phrase buried deep in a set of recently released letters between the Trump Organization and the government shows just how little separation there actually is.


    Trump can draw money from his more than 400 businesses, at any time, without disclosing it. The previously unreported changes to a trust document, signed on Feb. 10, stipulates that it “shall distribute net income or principal to Donald J. Trump at his request” or whenever his son and longtime attorney “deem appropriate.” That can include everything from profits to the underlying assets, such as the businesses themselves.


    Oh and btw, his lawyer has confirmed this is true.

    Update, April 4, 2017: In an interview with ProPublica, Trump Organization attorney Alan Garten confirmed that President Trump can withdraw profits and underlying assets from his trust at any time. He also said the president has been able to withdraw money since Trump took office on Jan. 20. That language was not included in a Jan. 26 summary of the trust — what’s known as a trust certification — but was included in a Feb. 10 version of the document. The full details of the trust are in what’s known as a trust agreement, which Garten said the Trump Organization will not release.

    https://www.propublica.org/article/t...ent=1491338779

    So similar to his tax returns, he's hiding his "trust" documents. Why is that?

    If Obama or Hillary were doing the same thing, I can imagine the uproar (and rightly so)....but seems like MM suppoters don't care how corrupt he is. For them it's all about Party over Country.
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    Southern Strategy Liberal OldGaffer's Avatar
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    They know he is a steaming pile of corruption, they just do not care, in fact, it makes them proud of him.
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    Moderator HayJenn's Avatar
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    Quote Originally Posted by OldGaffer View Post
    They know he is a steaming pile of corruption, they just do not care, in fact, it makes them proud of him.
    For some here, it seems that way.

    It's sad really, that their hate for "liberals" or Hillary surpasses any integrity or morals they may have.
    Thanks from the watchman, Friday13 and sweettee

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    Moderator HayJenn's Avatar
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    Wow radio silence from the MM supporters here..

    Guess maybe they don't want to admit to themselves how corrupt he is?

  5. #5
    Conservative Goddess Bronwyn's Avatar
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    And?

  6. #6
    Veteran Member Eve1's Avatar
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    Quote Originally Posted by Bronwyn View Post
    And?
    And, so can you admit that Trump and his family are corrupt and treating the Presidency as their own 24/7 ATM?
    Last edited by Eve1; 19th April 2017 at 04:18 PM.

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    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by HayJenn View Post
    Wow radio silence from the MM supporters here..

    Guess maybe they don't want to admit to themselves how corrupt he is?
    No, we are just tired of sounding like a broken record.

    We have shown you many times the exact law that congress passed removing conflict of interest from presidents.

    This means that a president can withdraw funds, run business ventures, sit on boards of directors if they like.

    There is no conflict of interest.

    Yet I guarantee that within 2 weeks you will start another conflict of interest thread.

  8. #8
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by Eve1 View Post
    And, so can you admit that Trump and his family are corrupt and treating the Presidency as their own 24/7 ATM?
    How exactly does his being president have anything to do with it.

    Last I heard he was rich before becoming president.
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  9. #9
    Veteran Member Eve1's Avatar
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    Quote Originally Posted by Spookycolt View Post
    How exactly does his being president have anything to do with it.

    Last I heard he was rich before becoming president.
    So in your mind only poor people are corrupt? LOL, I can see how you can be a Trumpster if you think that. I guess you think that his whole cabinet is above reproach because they were all rich before they were appointed. TOO FUNNY!

  10. #10
    Galactic Ruler Spookycolt's Avatar
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    Quote Originally Posted by Eve1 View Post
    So in your mind only poor people are corrupt? LOL, I can see how you can be a Trumpster if you think that. I guess you think that his whole cabinet is above reproach because they were all rich before they were appointed. TOO FUNNY!
    Anyone can be corrupt but what does that have to do with this OP?

    Because Trump can withdraw HIS money that makes him corrupt?

    If you go to the ATM and pull money out does that make you corrupt?

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