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Trump Must Divest Himself of All Business Holdings, Democracy Advocates and Ethicists Say


#1

Trump Must Divest Himself of All Business Holdings, Democracy Advocates and Ethicists Say

Public Citizen

WASHINGTON - More than a dozen pro-democracy organizations and leading government ethics experts today urged President-elect Donald Trump to divest his holdings in his business assets. They called on Trump or an independent trustee to sell his assets, with proceeds invested in treasury bills and mutual funds that do not create conflicts of interest. Alternately, the proceeds could be invested by an independent trustee operating a genuine blind trust.

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#2

There is no reason why Trump cannot place his businesses under management in a blind trust. Contrary to popular belief,his business is not very big or diverse.
Real Estate and a small retail business, that's it.
He should sell the D.C. Hotel because the property is leased from the GSA.
Yesterday, under his name, he sued the City of Washington DC to have the taxable value of the property lowered by 75%. He owes the Bank of China nearly $1 billion and Deutsche Bank $2 billion. Only God knows what he owes U.S, Turkish, and Russian banks.
Pay for play just got a whole new meaning.