Donald Trump will face wide-ranging questions about his ethics and integrity from the moment he enters the White House in January.
The president-elect says he'll turn over his vast financial holdings to his kids. But many doubt a blind trust will insulate him completely, potentially exposing him to conflicts of interest or the appearance of such conflicts on a range of domestic and foreign issues as no president before. During the campaign, Trump branded his opponents with nicknames such as "Lyin Ted" and "Crooked Hillary." Yet more than Ted Cruz or Hillary Clinton, he lied and shrewdly assumed that the media, especially television, would never catch up with him as he moved to the next deception. That should be harder for a president.
The public will have reason to believe that Trump's "decisions are influenced by personal interests," says Stephen Gillers, an ethics expert and professor at New York University Law School. "The problem is exacerbated because of the number and diversity of his financial interests. It is not just a peanut farm. It is further compounded as the public doesn't know what all these interests are."
Gillers and Richard Painter, a University of Minnesota Law professor who was President George W. Bush's ethics counselor, note that conflict of interest laws that affect other Executive Branch employees and members of Congress don't apply to the president. But, Painter says, the Emoluments Clause of the Constitution prohibits payments by foreign governments and businesses controlled by foreign governments.
"It is a significant risk because it applies to the president," Painter says. His recommendation: President Trump should "unwind all business relationships with foreign governments and companies controlled by foreign governments, including the Bank of China." There is nothing to suggest Trump or his family will consider that step.