Quote:Federal Ethics Chief Slams Trump’s ‘Meaningless’ Conflict Of Interest Plan
By Sean Colarossi on Wed, Jan 11th, 2017 at 7:54 pm
After Donald Trump announced his non-plan to separate himself from his businesses on Wednesday, Office of Government Ethics (OGE) Director Walter Shaub slammed the president
elect’s “inadequate” steps in an unprecedented speech at the Brookings Institution, calling Trump’s plan “meaningless” and “wholly inadequate.”
Shaub said Trump’s failure to fully separate himself from his company and profits drove him to come forward and speak out.
“I wish circumstances were different and I didn’t feel the need to make public remarks today,” he said. “You don’t hear about ethics when things are going well. You’ve been hearing a lot about ethics lately.”
In his speech, the director of the non-partisan office criticized Trump for breaking the decades-long tradition carried out by presidents of both political parties.
“[Trump’s] plan does not comport with the tradition of our Presidents over the past 40 years. This isn’t the way the Presidency has worked since Congress passed the Ethics in Government Act in 1978 in the immediate aftermath of the Watergate scandal,” he said. “We can’t risk creating the perception that government leaders would use their official positions for profit.”
Video:
Shaub took specific aim at Trump’s plan to give his sons “complete and total control” over his business:
I think Politico called this a “half-blind” trust, but it’s not even halfway blind. The only thing this has in common with a blind trust is the label, “trust.” His sons are still running the businesses, and, of course, he knows what he owns. His own attorney said today that he can’t “un-know” that he owns Trump tower.
The same is true of his other holdings. The idea of limiting direct communication about the business is wholly inadequate. That’s not how a blind trust works. There’s not supposed to be any information at all.
The director said the only way Trump can fully convince the American people that he won’t be acting in his own self-interest is to fully divest.
“Nothing short of divestiture will resolve these conflicts,” he said.
As Politico noted today, Shaub’s speech “sets up the incoming administration for constant controversy.”
Ultimately, Trump’s laughable proposal is just the latest evidence that he isn’t serious about the job he’ll officially hold in just nine days. Instead of focusing on “making America great again,” Trump seems more concerned about his own financial wellbeing.
As a result, the president-elect – and the rest of the country – will likely spend much of the next four years distracted by controversy instead of addressing the multitude of challenges we face.
You're buying Trump's shell game with his businesses, I'm
Top 10 Most Recent News Articles
3700 Midway Seals $32.5M Deal for Midland Apartments
A New Landmark in Midland Midland, Texas just got itself a fresh, shiny addition in the form of a real estate deal worth $32.5 million. On the books as of September 1, 2026, 3700 Midway, LLC has grabbed hold of Midway Station, setting their stakes straight in the heart of Midland's bustling business corridor. The Scope of the Deal This acquisition is more than just a line...
Continue Reading
Union Savings Bank Leverages AI for Strategic Growth
USB's Data-Driven Approach Transforms Banking Remember the days of handing out toasters to keep customers? Union Savings Bank (USB) sure doesn't seem to, as it embraces tech-savvy methods to keep its clientele content. Instead, the $3.3 billion community bank based in Danbury, Connecticut, has deployed NGDATA's AI Hub, transforming its approach to reducing customer churn...
Continue Reading
Innventure Faces Class Action Over Alleged Deception
Unpacking the Innventure Debacle Innventure, Inc. (NASDAQ:INV) seems to have landed itself in hot water, and not the relaxing kind. The revelation that its grand AI data center project in Ontario might never have existed has stirred up quite a storm among shareholders. This isn't just some run-of-the-mill oversight. We're talking about allegations of concocted stories...
Continue Reading
Qingdao-Yerevan Collaboration: New Strategic Heights
Qingdao and Yerevan: More Than Just a Port of Call Who would have thought? An Armenian ambassador talking shop in a Chinese port city isn't your everyday headline, but let me tell you, it's big news if you're watching global growth. Armenian Ambassador Vahe Gevorgyan's recent spiel in Qingdao might not turn heads on Wall Street, but there's more under the hood than meets...
Continue Reading
Manulife's $750M US Offering: Risky or Strategic?
Manulife: Debuting $750M in Subordinated Notes When it comes to Manulife's latest move, it's all about the numbers. They've priced a U.S. public offering of a meaty $750 million in subordinated notes at an enticing 6.146% interest rate. That's no pocket change, folks, and it highlights a strategy or a gamble, depending on your view. But here's the kicker: these notes may...
Continue Reading
Palmer's Design Fuels Child Cancer Awareness Drive
Imagine a cancer struggle fueling creativity – a hopeful story from the racetrack lights up this reality as Valvoline and a young survivor rev up their engines for children with blood cancer. Powerful Partnership Takes Unforgettable Turn Palmer Goforth, a twelve-year-old cancer survivor, never imagined his hobby of drawing sketches would lead to designing a NASCAR car....
Continue Reading
ADA Audit Reveals Gaps in Event Management at 2026 Session
Hold onto your hats, folks, because the American Diabetes Association (ADA) just dropped a bombshell report with findings that'll make your head spin if you're keyed into the healthcare sector. They’ve wrapped this up in a bow of accountability, but let's dig into the crux of it. Behind the Controversy: The New Orleans Incident This all harks back to an incident on June...
Continue Reading
California's Annual Recovery Happens Event Unites Community
A Public Campaign for Recovery Awareness Anyone with a pulse on what's going on in the addiction recovery landscape knows the significance of events like Recovery Happens. It's not just another day in Sacramento; it's a rallying cry for change—a public affirmation that recovery is tangible and thriving. This isn't about showy gala dinners or fancy corporate events; it's...
Continue Reading
ZPMC Names Two New 38,000 DWT Vessels for Chipolbrok
Navigating Uncharted Waters with New Vessels Some days, you see a giant leap in an industry and think, "Well, someone's got ambition." Here, we're talking about ZPMC's gutsy naming ceremony for two spanking new 38,000 DWT multipurpose heavy-lift ships destined for Chipolbrok, happening fresh off the docks in Shanghai. Specifications That Make Waves Imagine a vessel the...
Continue Reading
Aitan Raises $41M to Expand Robotic Warfare Tech
Pioneering Sovereign Robotic Warfare The defense sector's landscape is shifting, and Aitan is driving a movement with their 'Robotic Sovereignty-as-a-Service'. Coming out of stealth with a hefty $41 million funding boost, this Israeli-American company is redefining modern warfare's playbook. In today's unpredictable world, traditional combat methods are becoming relics of...
Continue ReadingTop 5 Most Recently Viewed Articles
Exhibitus Unveils EXstudios to Elevate Experiential Marketing
Exhibitus Launches EXstudios for Enhanced Engagement Exhibitus has introduced EXstudios, an innovative experiential strategy and creative ideation studio aimed at expanding the company's existing capabilities. This new division places a strong emphasis on experiential storytelling and front-end strategy across various marketing channels. For over three decades, Exhibitus...
Continue Reading
Anticipated Growth of Milk Ingredients Market Through 2034
Overview of the Milk Ingredients Market The global milk ingredients market is witnessing a remarkable expansion, with projections indicating an increase to USD 74.7 billion by the end of the year. The compound annual growth rate (CAGR) of 4.9% is anticipated between the current year and 2034. By the conclusion of this period, the market is expected to reach approximately...
Continue Reading
Klear.ai Partners with APRA to Transform Claims Operations
Klear.ai Teams Up with APRA for Claims Modernization Klear.ai, a pioneer in intelligence-powered claims and risk solutions, is embarking on a transformative journey alongside the Alaska Public Risk Alliance (APRA). This collaboration is focused on modernizing and unifying claims operations as APRA prepares to consolidate public risk pools, moving away from the separate...
Continue Reading
Why DraftKings (NASDAQ: DKNG) Is an Attractive Investment
DraftKings (NASDAQ: DKNG): Promising Investment Insights DraftKings is a leading digital sports betting and iGaming app provider that has experienced significant growth in recent years, although it still faces challenges in achieving profitability. The company has captured a substantial share of the online betting market in partnership with their competitor, suggesting...
Continue Reading
Uncovering the Baxter International Inc. Securities Fraud Case
Understanding Baxter International Inc.'s Legal Landscape Baxter International Inc. (NYSE: BAX) has become a focal point for investors concerned about the integrity of its communications during a recent class action lawsuit. The Rosen Law Firm, known for advocating investor rights, is currently rallying stock purchasers of Baxter who acquired shares between specific...
Continue Reading