blind trust = fire sale.

[Moonglow]

A blind trust is a world class ripoff..

There are other avenues....If his kids are so well groomed as he claims they can run Dad's business..Yet they can't sit in on govt. meetings like he wants..See, spoiled rich folks can't always get what they want...

 

[Moonglow]

Ever read this in civics class, or did you cut class that day?

Have someone explain to you what it means. You obviously don't know.

I know it won't be you...

 

[Auld Phart]

Ever read this in civics class, or did you cut class that day?

You seriously think that fits?

 

[bripat9643]

Most of his opponents want him to sell everything off and form a blind trust. That is stupidity.
First of all you can't trust a blind trust that entails putting the money into something that has no value like bonds or something.
After a fire sale where he'd get pocket change out of his life's work.

I have been watching the news most of the day and haven't heard a work about selling everything.

Don't you find it weird that he wants his cake and eat it too?

Do you know of any other president that kept their personal businesses running ? I do not recall any.

Jimmy Carter, for one.

He put his business into trusteeship...

Easy to do with a money losing business. Only a madman would trust someone else to run his multibillion dollar hotel business.

He can let it ride, until the case reaches the Supreme Court, yet all other presidents in US history have steered clear...

Wrong:

Report: The 10 richest U.S. presidents

Hoover made a fortune as a mining company executive. He had a generous salary for 17 years and had extensive holdings in mining companies. Hoover donated his presidential salary to charity. He also owned "Hoover House" in Monterey, Calif.

Johnson's father lost all the family's money when LBJ was a boy. Over time, the 36th president had accumulated 1,500 acres in Blanco County, Tex., which included his home, called the Texas White House. He and his wife owned a radio and television station in Austin, Tex., and they had a variety of other moderate holdings, including livestock and private aircraft.

Madison was the largest landowner in Orange County, Va. His land holding consisted of 5,000 acres and the Montpelier estate. He made significant wealth as Secretary of State and president. Madison lost money at the end of his life due to the steady financial collapse of his plantation.

While he was considered to be in touch with the average middle-class American, Jackson quietly became one of the wealthiest presidents of the 1800s. "Old Hickory" married into wealth and made money in the military. His homestead, The Hermitage, included 1,050 acres of prime real estate. Over the course of his life, he owned as many as 300 slaves. Jackson entered considerable debt later in life.

Jefferson was left 3,000 acres and several dozen slaves by his father. Monticello, Jefferson's home on a 5,000-acre plantation in Virginia, was one of the architectural wonders of its time.

Washington's Virginia plantation, Mount Vernon, consisted of five separate farms on 8,000 acres of prime farmland run by more than 300 slaves.

 

[Rustic]

The fact remains what's good for rich people is good for the country...

 

[depotoo]

Did you complain when Carter didn't sell his peanut business?


In 1981, President Carter returned to his Georgia peanut farm where he continued to live an active life and lead beneficial projects such as Habitat for Humanity. Today he is still doing well at age 90! Who needs politics when you’ve got peanuts?

Jimmy Carter: The Peanut President | Signs and Wonders

"Jimmy Carter at Carter Peanut Warehouse"
Creation Date

11-16-1976

Subject—Names

Carter, Jimmy, 1924-

Description

President-elect Jimmy Carter enjoys a casual cup of coffee and chats with workers at the Carter Peanut Warehouse during an early morning visit 11/16. Carter will meet with Vice President elect Mondale in Plains 11/16.

Format

Black and White Photograph, 8" x 10"

Seems simple enough to hand things over to his children and keep his children out of important meetings and decisions..
Why do you think it is ok not to do that?

Most of his opponents want him to sell everything off and form a blind trust. That is stupidity.
First of all you can't trust a blind trust that entails putting the money into something that has no value like bonds or something.
After a fire sale where he'd get pocket change out of his life's work.

I have been watching the news most of the day and haven't heard a work about selling everything.

Don't you find it weird that he wants his cake and eat it too?

Do you know of any other president that kept their personal businesses running ? I do not recall any.

 

[Eaglewings]

The fact remains what's good for rich people is good for the country...

Seriously Rustic, where in the heck did you come up with that?

 

[Eaglewings]

Did you complain when Carter didn't sell his peanut business?


In 1981, President Carter returned to his Georgia peanut farm where he continued to live an active life and lead beneficial projects such as Habitat for Humanity. Today he is still doing well at age 90! Who needs politics when you’ve got peanuts?

Jimmy Carter: The Peanut President | Signs and Wonders

"Jimmy Carter at Carter Peanut Warehouse"
Creation Date

11-16-1976

Subject—Names

Carter, Jimmy, 1924-

Description

President-elect Jimmy Carter enjoys a casual cup of coffee and chats with workers at the Carter Peanut Warehouse during an early morning visit 11/16. Carter will meet with Vice President elect Mondale in Plains 11/16.

Format

Black and White Photograph, 8" x 10"

Seems simple enough to hand things over to his children and keep his children out of important meetings and decisions..
Why do you think it is ok not to do that?

Most of his opponents want him to sell everything off and form a blind trust. That is stupidity.
First of all you can't trust a blind trust that entails putting the money into something that has no value like bonds or something.
After a fire sale where he'd get pocket change out of his life's work.

I have been watching the news most of the day and haven't heard a work about selling everything.

Don't you find it weird that he wants his cake and eat it too?

Do you know of any other president that kept their personal businesses running ? I do not recall any.

Peanutgate...

Republicans in 1979 spent six months and they hired a special prosecutor.
They went out of their way to make sure it was a Republican special
prosecutor who they hired at the Department of Justice to just tear
everything apart, go up and down through every peanut shell to try to find
something, anything scandalous in Jimmy Carter`s family peanut farm.

It turned out, as you saw there, that it was nothing. Nothing there.

When John F. Kennedy had been elected to the presidency in 1960, he was
from one of the richest families in the country. His father was one of the
single wealthiest individuals in the entire United States. Now, JFK
himself never personally inherited his father`s fortune, but he was really
rich. And when he was elected he did put all his own assets into a blind
trust. So somebody else controlled all of his money, he had no idea what
his assets were. JFK`s considerable wealth was walled off for the
presidency in that way.

 

[depotoo]

It was his brother Billy that was investigated, not him, and for good reason.


Mr. Carter was a registered agent for the radical Libyan regime, but he insisted that he never sought to intercede on its behalf in Washington.

,,,
He was also found guilty of tax fraud and-
(Billy Carter)
But more notoriety was to come. In 1985, Mr. Carter, then vice president of Scott Housing Systems Inc., of Waycross, Ga., entered a guilty plea on behalf of the company in connection with charges that it participated in ''invoice padding'' by manufacturers. The company was fined $10,000 and ordered to make restitution to the Veterans Administration, but Mr. Carter said the practice was common in the industry. ''I don't think it's fair to call it a kickback,'' he asserted.








Billy Carter Dies of Cancer at 51; Troubled Brother of a President

Did you complain when Carter didn't sell his peanut business?


In 1981, President Carter returned to his Georgia peanut farm where he continued to live an active life and lead beneficial projects such as Habitat for Humanity. Today he is still doing well at age 90! Who needs politics when you’ve got peanuts?

Jimmy Carter: The Peanut President | Signs and Wonders

"Jimmy Carter at Carter Peanut Warehouse"
Creation Date

11-16-1976

Subject—Names

Carter, Jimmy, 1924-

Description

President-elect Jimmy Carter enjoys a casual cup of coffee and chats with workers at the Carter Peanut Warehouse during an early morning visit 11/16. Carter will meet with Vice President elect Mondale in Plains 11/16.

Format

Black and White Photograph, 8" x 10"

Seems simple enough to hand things over to his children and keep his children out of important meetings and decisions..
Why do you think it is ok not to do that?

Most of his opponents want him to sell everything off and form a blind trust. That is stupidity.
First of all you can't trust a blind trust that entails putting the money into something that has no value like bonds or something.
After a fire sale where he'd get pocket change out of his life's work.

I have been watching the news most of the day and haven't heard a work about selling everything.

Don't you find it weird that he wants his cake and eat it too?

Do you know of any other president that kept their personal businesses running ? I do not recall any.

Peanutgate...

Republicans in 1979 spent six months and they hired a special prosecutor.
They went out of their way to make sure it was a Republican special
prosecutor who they hired at the Department of Justice to just tear
everything apart, go up and down through every peanut shell to try to find
something, anything scandalous in Jimmy Carter`s family peanut farm.

It turned out, as you saw there, that it was nothing. Nothing there.

When John F. Kennedy had been elected to the presidency in 1960, he was
from one of the richest families in the country. His father was one of the
single wealthiest individuals in the entire United States. Now, JFK
himself never personally inherited his father`s fortune, but he was really
rich. And when he was elected he did put all his own assets into a blind
trust. So somebody else controlled all of his money, he had no idea what
his assets were. JFK`s considerable wealth was walled off for the
presidency in that way.

 

[PoliticalChic]

Did you complain when Carter didn't sell his peanut business?


In 1981, President Carter returned to his Georgia peanut farm where he continued to live an active life and lead beneficial projects such as Habitat for Humanity. Today he is still doing well at age 90! Who needs politics when you’ve got peanuts?

Jimmy Carter: The Peanut President | Signs and Wonders

"Jimmy Carter at Carter Peanut Warehouse"
Creation Date

11-16-1976

Subject—Names

Carter, Jimmy, 1924-

Description

President-elect Jimmy Carter enjoys a casual cup of coffee and chats with workers at the Carter Peanut Warehouse during an early morning visit 11/16. Carter will meet with Vice President elect Mondale in Plains 11/16.

Format

Black and White Photograph, 8" x 10"

Seems simple enough to hand things over to his children and keep his children out of important meetings and decisions..
Why do you think it is ok not to do that?

Most of his opponents want him to sell everything off and form a blind trust. That is stupidity.
First of all you can't trust a blind trust that entails putting the money into something that has no value like bonds or something.
After a fire sale where he'd get pocket change out of his life's work.

I have been watching the news most of the day and haven't heard a work about selling everything.

Don't you find it weird that he wants his cake and eat it too?

Do you know of any other president that kept their personal businesses running ? I do not recall any.

1. Obama said he didn’t invest in a qualified blind trust because it wouldn’t enable him to limit which companies he invested in, such as those in the tobacco industry and other areas that he did not want to support. http://www.usatoday.com/news/elections/2007-03-08-2531343349_x.htm