Nepotism laws prohibit Ivanka from taking a formal role in the White House. But Trump is choosing to send a clear signal to Japan and the world — when you deal with Ivanka, you are dealing with someone who has my ear as president.
Now he is taking things a step further. In his first meeting with a head of state, Japanese Prime Minister Shinzo Abe, Trump invited his daughter Ivanka — who will likely serve as acting CEO of his companies — to participate.
Immediately after Trump’s election, he named three of his adult children — Ivanka, Eric, and Donald Jr. — to his transition team. This means the same people running the Trump Organization will also be choosing the top officials in the Trump administration.
He called this a “blind trust” but it is actually the opposite. A blind trust is when you hand marketable assets over to a neutral third party to control. The contents of the trust, since they can be traded at any time by the administrator, are soon unknown to you. Trump knows what his assets are and says he is handing them to his children.
Instead of liquidating his assets and placing them in a Qualified Diversified Trust, as President Bush did, or investing in index funds and government bonds, as President Obama did, Trump has done nothing.