The director of the Office of Government Ethics is blasting Donald Trump’s plan to avoid conflicts of interest as “wholly inadequate.”
Speaking at a forum on government ethics at the Brookings Institution in Washington, Walter M. Shaub said the president-elect’s plan to separate himself from his business interest doesn’t follow the tradition of presidents from the past four decades.
“This is not a blind trust,” he said. “It’s not even close.”
Earlier Wednesday, Trump announced that he would place his vast business holdings into a trust controlled by his adult sons, Don Jr. and Eric, and that he would step away from running the Trump Organization.
Under a blind trust, Trump would sell his holdings and let an independent manager invest the proceeds.
Shaub said the Trump plan “adds nothing to the equation.”
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