Posts Tagged ‘sheri dillon’
Sheri Dillon: Trump Financial Interests
on Wednesday, January 11, 2017Sheri Dillon Money Quote saying as his conflict of interest attorney that many wanted Trump elected because he was a successful businessman so should find no concern with his financial interests. Sheri Dillon said:
“The American people were well aware of President-elect Trump’s business empire and financial interests when they voted. Many people voted for him precisely because of his business success” — Sheri Dillon
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This quote from Sheri Dillon seems to suggest a few things:
- When Americans voted for Donald Trump in the 2016 election, they were already aware that he is a successful businessman and real estate developer with a large global business empire and financial interests.
- For many voters, Trump’s decades of experience in business and his reputation as a highly successful entrepreneur were seen as positive attributes rather than disqualifying factors.
- Dillon is arguing that Trump’s business success and wealth were not dealbreakers for voters and may have even been part of the appeal – some people voted for him specifically because they believed his business acumen would translate well to the presidency.
Overall, the quote portrays Trump’s business background and financial interests as something the electorate knew about and accepted, or even endorsed, rather than something they were unaware of or that dissuaded their vote. Dillon suggests his business success was a net positive, or at least not a negative, for many who supported his candidacy.
Sheri Dillon: Government Diversified Portfolio
on Wednesday, January 11, 2017Sheri Dillon Money Quote saying as Trump conflict of interest attorney that he’ll hold a diversified portfolio that meets guidelines from the Office of Government Ethics. Sheri Dillon said:
“The President-elect has also already disposed of all of his investments in publicly traded or easily liquidated investments. As a result, the trust will have two types of assets. First, it will hold liquid assets: cash, cash equivalents, and treasuries and perhaps some positions in a government approved diversified portfolio, one that is consistent with the regulations from the Office of Government Ethics” — Sheri Dillon
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This quote from Sheri Dillon seems to be explaining the structure and assets of the trust that Donald Trump established to hold his business assets during his presidency. A few key points:
- Trump had already disposed of all his publicly traded stock investments and easily liquidated holdings prior to taking office, suggesting an effort to reduce conflicts of interest.
- The trust will contain two types of assets – liquid assets like cash, treasuries and some diversified low-risk investments approved by the Office of Government Ethics.
- This is intended to remove Trump’s control and involvement in his original business holdings while president, while still providing a return on those assets through the trust structure.
Overall, Dillon appears to be outlining how the trust was set up to manage Trump’s business interests in a way aimed at reducing perceived conflicts and adhering to ethics guidelines, while still generating returns from his original investments.
Sheri Dillon: Trump Hotel Profits to Treasury
on Wednesday, January 11, 2017Sheri Dillon Money Quote saying as conflict of interest attorney for Donald Trump that any profit from foreign government payments made to his hotels would be donated to the U.S Treasury. Sheri Dillon said:
“President-elect Trump [will] voluntarily donate all profits from foreign government payments made to his hotels to the United States Treasury. This way it is the American people who will profit” — Sheri Dillon
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In this quote, Sheri Dillon seems to be explaining how profits from foreign government payments made to Donald Trump’s hotels will be handled during his presidency. Specifically:
- Trump will voluntarily donate all profits from foreign government payments on his hotels to the U.S. Treasury.
- This is likely intended to address concerns about potential conflicts of interest from foreign officials staying at Trump properties in an effort to gain influence.
- By donating the profits to the Treasury, it removes any financial benefit Trump would directly receive from these foreign payments.
- Dillon suggests this arrangement means the “American people” will profit from these transactions rather than Trump personally, since the money goes to government coffers that support public services and initiatives.
Overall, the quote outlines Trump’s plan to address conflicts of interest by donating hotel profits from foreign governments to the Treasury, thereby benefiting U.S. citizens rather than his private business interests.