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Canuck_2
Senior Contributor

Need a few busloads

of high end lawyers and accountants to figure this all out.

Probably get it all sorted out in 2021 or so

 

http://www.cbc.ca/news/business/donald-trump-potential-conflicts-of-interest-1.3850379

 

Figuring out how to eliminate conflicts of interest for an incoming U.S. president is a normal part of the transfer of power.

But president-elect Donald Trump presents some unusual challenges.

"We've never had quite an entanglement at this level," says Kenneth Gross, a Washington-based political law expert who has counselled many high-profile politicians.

Trump arrives in the Oval Office with vast real estate holdings bearing his name all over the world, posing an unprecedented challenge of separating his personal interests from his political duties.

The Trump Organization's corporate website lists international real estate holdings and properties in Canada, Panama, Uruguay, India, the Philippines, Turkey and Brazil, as well as golf resorts in Scotland, Ireland and the United Arab Emirates.

 

 

And then there is all the loans he owes to companies and countries around the world.

 

One area of concern is the fact that Trump owes an estimated $364 million US to German financial giant Deutsche Bank, which is currently in settlement negotiations with the U.S. Department of Justice as a result of a mortgage securities investigation.

Gross points out that Trump also has business interests in countries considered to be "unfriendly" to the U.S. In August, a New York Times investigation revealed that his real estate companies owe hundreds of millions of dollars in debt, including to the Bank of China.

Trump was also building a hotel in Baku, Azerbaijan, but references to that property no longer appear on his corporate website. According to The Associated Press, the local partner in the project, Anar Mammadov, is the son of an Azerbaijani minister suspected by U.S. diplomats of corruption and money laundering for Iran's military.

Trump and Putin discuss 'strong and enduring relationship' between U.S. and Russia
Trump's interests in Turkey, including Trump Towers Istanbul, could also be problematic. Tensions with the U.S. ally have risen since a failed coup attempt in July led to a crackdown on the country's military and mass arrests.

36 Replies
AllenJwi
Senior Contributor

Re: Need a few busloads

Just why are you so interesrted in this countrys dealings? Do you want to move here and become a citizen?

schnurrbart
Veteran Advisor

Re: Need a few busloads

Someone needs to think about and care about what happens in this country. Sure as the devil you trumpites don't.
Katzenjammer12
Senior Contributor

Re: Need a few busloads

There is no question that Trump's holding will be fodder for commentary, as well they should be.  If Clinton had been elected, the from the Clintons held would have been viewed with suspicion as well.  It seems it doesn't matter which got in, the country has an interest in their objective use of their power.

 

Aside from that, why does it seem like every dirt-poor politician that goes to Washington comes back richer?  Since I've not checked that out and am only repeating rumor, maybe it's an unfair charge.  Kind of common, though.

Canuck_2
Senior Contributor

Re: Need a few busloads

Katzen; I am just looking from afar but I am not sure anyone who is 'dirt poor' can afford to get elected to Washington.

 

Once there with name recognition they can make $$ apparently just like well known entertainers.

Canuck_2
Senior Contributor

Re: Need a few busloads

allen; unfortunately we do not have to move or become a citizen to be impacted by the man that got the prize in your country.

 

http://www.cbc.ca/news/business/rbc-mortgage-rate-rise-bonds-trump-1.3851491

 

But everything else being equal, rising interest rates would eventually have the same effect on houses that it has already had on bonds. Higher rates make existing assets fall in value. In both cases there will be large effects on the wider economy as asset values disappear.

If that happens in the property market, Canadians will not like the feeling.

The president-elect may not care how Canadians feel. But the global bond industry with its traditional headquarters in the U.S. has enormous clout in Washington.

Trump's plan to pump $1 trillion into the U.S. economy will further tighten a tight job market, increase wages and could well stimulate private sector investment.

But with $1 trillion already lost in the bond market, Trump will have to use all his skills as a brash, hard-nosed entrepreneur to turn his stimulus plan from talk into action.

Katzenjammer12
Senior Contributor

Re: Need a few busloads

From my limited pespective, there are some from the midwest who started out without any apparent money.  There seems always to be plenty of big outside money if the right persons think you are electable and favor their agenda.

 

(Of course, most big companies give money to both sides and then claim access to the winner.)

 

You may be correct on the name recognition.  Maybe there is some research on this topic if I go out looking for it.

AllenJwi
Senior Contributor

Re: Need a few busloads

Maybe we don't like the fact that your country will be importing possible Muslim terrorist. Do you see us sticking our nose in your decisions? Looks like we will also need to build a wall on your side too the way things are going.

Canuck_2
Senior Contributor

Re: Need a few busloads

allen; that is the old fear trick working on you.

thinking that Canada might be bringing in 'terrorists' and then what/

send them into the US?

 

The risks in this world are not 'terrorists'. 

Check stats and you will find the risks of being killed or maimed are a long list with 'terrorist' way down the list.

So instead of building walls and hunkering down inside your borders why not do smething about the real risks around you?

 

Leave the fear out of it, although I know that gets hard to do when some of your leaders stoke that for votes but live in reality and you and your country will be much more successfull.

 

 

Canuck_2
Senior Contributor

Re: Need a few busloads

katzen; it is all relevant to what the person wants to do and probably how well known their name becomes, for any reason, but once elected a person seems to be able to land those positions as board members to all sorts of businesses and organizations with approriate per diems that do not compare to average workers wages.

Then if they wish to go on the speakers circuit there are more opportunities to collect big fees.

 

Not everyone wants to do that but after being elected once they are in popular demand in the hopes that their connections will help that business or organization tap into government $$ or acceptance.