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      04-07-2020, 03:56 PM   #10319
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Quote:
Originally Posted by dsad1 View Post
Quote:
Originally Posted by quick6 View Post
None of the leaders of the Executive branch, Senate, or The House can benefit directly from the stimulus. Its written into the Bill which is law.
The key word there is directly, and neither will Trump.
But he never divested.
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      04-07-2020, 04:04 PM   #10320
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Originally Posted by Captain Blood View Post
But he never divested.
He doesn't need to, as long as he isn't the controlling partner. Which he isn't on most all of his portfolio. And the things he was general partner on, he most likely "sold" to family members or friends.
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      04-07-2020, 04:49 PM   #10321
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Quote:
Originally Posted by dsad1 View Post
He doesn't need to, as long as he isn't the controlling partner. Which he isn't on most all of his portfolio. And the things he was general partner on, he most likely "sold" to family members or friends.
I cannot believe this is even arguable. So, I won't. His businesses cannot benefit from the stimulus.
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      04-07-2020, 05:17 PM   #10322
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Quote:
Originally Posted by quick6 View Post
I cannot believe this is even arguable. So, I won't. His businesses cannot benefit from the stimulus.
But schumer's can? Sorry you wrong and dsad1 is correct
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      04-07-2020, 05:17 PM   #10323
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Quote:
Originally Posted by quick6 View Post
Quote:
Originally Posted by dsad1 View Post
He doesn't need to, as long as he isn't the controlling partner. Which he isn't on most all of his portfolio. And the things he was general partner on, he most likely "sold" to family members or friends.
I cannot believe this is even arguable. So, I won't. His businesses cannot benefit from the stimulus.
At least not if he banks with Wells Fargo....
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      04-07-2020, 05:30 PM   #10324
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But schumer's can? Sorry you wrong and dsad1 is correct
wrong again, Schumer is a leader responsible for the bill and cannot benefit.
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      04-07-2020, 05:40 PM   #10325
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Quote:
Originally Posted by quick6 View Post
wrong again, Schumer is a leader responsible for the bill and cannot benefit.
Let's play a game, if Schumer owns stock in American Airlines, and AA gets relief funds, what happens with Schumers stock holdings?
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      04-07-2020, 05:55 PM   #10326
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Quote:
Originally Posted by dsad1 View Post
Let's play a game, if Schumer owns stock in American Airlines, and AA gets relief funds, what happens with Schumers stock holdings?
Could you please clarify the condition: if Schumer owns stock in AA, or if Schumer owns the AA?

If the former, you should first check if Schumer holds his savings in a blind trust. Then we can continue with this hypothetical.
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      04-07-2020, 06:00 PM   #10327
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Quote:
Originally Posted by ynguldyn View Post
Could you please clarify the condition: if Schumer owns stock in AA, or if Schumer owns the AA?

If the former, you should first check if Schumer holds his savings in a blind trust. Then we can continue with this hypothetical.
The condition was pretty clear in the original post, but you are obviously trying to deflect.

A trust can't be blind, it's an entity that you file taxes on annually.
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      04-07-2020, 06:09 PM   #10328
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Quote:
Originally Posted by dsad1 View Post
A trust can't be blind, it's an entity that you file taxes on annually.
The Ethics in Government Act of 1978:
Quote:
an interested party shall not receive any report on the holdings and sources of income of the trust, except a report at the end of each calendar quarter with respect to the total cash value of the interest of the interested party in the trust or the net income or loss of the trust or any reports necessary to enable the interested party to complete an individual tax return required by law or to provide the information required by subsection (a)(1) of this section, but such report shall not identify any asset or holding
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      04-07-2020, 06:21 PM   #10329
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Quote:
Originally Posted by ynguldyn View Post
The Ethics in Government Act of 1978:
Apologize, didn't know blind trusts exist, seems to only be for government officials.

But I am confused by your point, I am not insinuating that Schumer is buying or selling anything. Why does it matter if Schumers assets are in a blind trust?
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      04-07-2020, 06:28 PM   #10330
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Orangeman bad.

But on an other subject he is still in front of the press acting like an ahole. And this coming from a supporter. Obviously none of his staff has the balls to tell him to stop acting like an ahole.
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      04-07-2020, 07:32 PM   #10331
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Quote:
Originally Posted by dsad1 View Post
Apologize, didn't know blind trusts exist, seems to only be for government officials.

But I am confused by your point, I am not insinuating that Schumer is buying or selling anything. Why does it matter if Schumers assets are in a blind trust?
Corruption is impossible if you don't know how your actions will affect your finances.
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      04-07-2020, 07:39 PM   #10332
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Quote:
Originally Posted by ynguldyn View Post
Corruption is impossible if you don't know how your actions will affect your finances.
He would know exactly what assets are in there. He would know he had AA stock.

I am guessing you beleive these people didn't know either?

https://www.google.com/amp/s/thehill...d-market%3famp
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      04-07-2020, 07:40 PM   #10333
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      04-07-2020, 07:45 PM   #10334
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Quote:
Originally Posted by dsad1 View Post
He would know exactly what assets are in there. He would know he had AA stock.
OK, it's moot, he only has retirement accounts with no individual stocks:
https://www.schumer.senate.gov/imo/m...losureform.pdf

Next candidate?
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      04-07-2020, 07:55 PM   #10335
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Quote:
Originally Posted by ynguldyn View Post
OK, it's moot, he only has retirement accounts with no individual stocks:
https://www.schumer.senate.gov/imo/m...losureform.pdf

Next candidate?
It was hypothetical either way, but you can use any of the four politicians in the link above if you want.

The point in all this is that Trump is most likely not the controlling party in any of his hotel deals. Most all of his hotels are just licensing deals.
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      04-07-2020, 08:00 PM   #10336
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Quote:
Originally Posted by dsad1 View Post
It was hypothetical either way, but you can use any of the four politicians in the link above if you want.

The point in all this is that Trump is most likely not the controlling party in any of his hotel deals. Most all of his hotels are just licensing deals.
There's a pretty good (as far as the very limited public disclosure can allow) analysis of the structure of Trump's businesses in NYT. Check it out.
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      04-07-2020, 08:36 PM   #10337
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Quote:
Originally Posted by ynguldyn View Post
There's a pretty good (as far as the very limited public disclosure can allow) analysis of the structure of Trump's businesses in NYT. Check it out.
I have read it, but we are not discussing if it's ethical or not, we are discussing if it's legal.

If we want to discuss the ethical argument, I will agree with you.
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      04-07-2020, 09:17 PM   #10338
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The WH press pool was on point today
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      04-07-2020, 09:27 PM   #10339
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Quote:
Originally Posted by dsad1 View Post
I have read it, but we are not discussing if it's ethical or not, we are discussing if it's legal.

If we want to discuss the ethical argument, I will agree with you.
It is both illegal and unethical. He ain't getting any stimulus money under the current legislation. Kindly search on your favorite engine "Trump cannot receive money for his hotels from the stimulus bill" Or something similar.

Now, this does not mean he wont try to deflect money and hold up pending legislation regarding infrastructure, and he has fired the watchdog for overseeing the disbursement of funds for the Corona legislation.

Any controlling interest he has such as Mira Lago cannot receive funding from these bills. Nor his family members. Is that fair? That is another question.
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      04-07-2020, 09:52 PM   #10340
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Quote:
Originally Posted by quick6 View Post
It is both illegal and unethical. He ain't getting any stimulus money under the current legislation. Kindly search on your favorite engine "Trump cannot receive money for his hotels from the stimulus bill" Or something similar.

Now, this does not mean he wont try to deflect money and hold up pending legislation regarding infrastructure, and he has fired the watchdog for overseeing the disbursement of funds for the Corona legislation.

Any controlling interest he has such as Mira Lago cannot receive funding from these bills. Nor his family members. Is that fair? That is another question.
Not sure what you are reading, but pretty much every article I clicked on was pretty positive the Trump organization can and will end up receiving funds in some way or form.

https://www.google.com/amp/s/www.nyt...-bill.amp.html


Quote:
For example, certain hotel owners, even those employing thousands of people, will be eligible for small-business loans, a provision that could potentially benefit Mr. Trumpís company to help to continue to pay wages for his employees. The Trump Organization could also benefit from the $15 billion change to the tax code won by restaurants and retailers.
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