by oldedude on January 16, 2024 1:34 am
I don't see the difference between them. Except jimmy lost money, and trumpster gained money. In fairness to you, this article is about jimmy "selling" his peanut farm before he entered office, which is not what you said. He still signed the investments over to family. Was it the best thing to do? Maybe not, and it is/was fully legal.
A 2021 Forbes analysis found that Trump's business made $2.4 billion in revenue between January 2017 and December 2020 through commercial real estate, licensing, management and hotel businesses, property sales and other ventures.
Trump's businesses were put in a revocable trust for his presidency despite calls to sell his assets and put the proceeds in a blind trust, the New York Times reported in 2017.
It confirms your statement that jimmy put it in a "blind trust" which has someone else running it while he was in office. trumpster's was in a "revocable trust." So trumpster was more precise in his terminology.
Blind trusts can be irrevocable or revocable. With a revocable trust, you have the authority to modify or terminate the trust and take back control of the accounts and property upon termination. On the other hand, you cannot easily modify or terminate an irrevocable trust.
Mitt also had issues with his "blind trust"
... But in 2003, as he prepared to take office as governor of Massachusetts, Romney placed his family's funds in his own blind trust to avoid whatever accusations could surface.
Romney's aides have referred to the blind trust in fending off political attacks about his investments ever since. In 2007, his GOP primary opponents took aim at several of his investments, including a stake in a firm that did business with Iran, shares of a Chinese oil company, and an interest in a company that engaged in embryonic stem cell research. Romney responded by announcing that Malt would take greater pains to insure Romney's investments would not conflict with his political views.
Ossoff- What Ossaff did is the same thing government employees do. He put his stocks into a blind trust. Government employees choose a "Plan" not the companies they invest in. These are handled by someone else in the ether world the employees don't have access to. This is an actual step added to what he is/was required to do. Congress has the "ability" to choose what companies to invest in (making people like pelosi very rich).
usatoday.com
ossoff.senate.gov
by HatetheSwamp on January 16, 2024 4:27 am
To get back on point: How does Trump being despicable excuse Biden Crime Family activity?
What this thread, as po'd say, EFFINproves that the whole freakin Swamp is dysfunctional and corrupt...
...and that many SSers have fallen for the Swamp scam...
...fools.
Gosh, I hope nobody is disappointed by these lowering of expectations.