Page 143 - Condos News Today

>> good afternoon. >> reporter: president reagan asked the government of ethics a question. could the first movie star president still take part in the entertainment industry? the answer, legally, conflicts of interest laws dont apply to the president. but, quote, as a matter of policy, he should conduct himself as if they did. that principle has lead to former presidents selling off their assets, wanting to avoid questions about their motives. but now, the name of the president of the united st...

Thats how he saw this last year. for me and people like me who saw him as attacking obama and disqualifying him by saying you are saying that our first -- >> now he respects him. >> now he respects him, but i believe its the competitor inside of him. it is him saying hey, that didnt matter. we are all good now. i actually like you. >> one thing that you are saying, ends justify the means. thats the best way to describe it. he is an ends justifies the means kind of guy on a slew of issues. >> he ...

Lived there or from anybody who knew anybody who lived there, you know, its not a rave. its a small house party and a little artistic albeit illegal and underground art venue. so oakland used to be famous for things like this. >> right. so youre a resident in this area, and i understand that you have concerns and have in the past about these types of warehouses. what goes through your mind? >> oh, sure. well, a lot of the artists works have been pushed out. but then you can see that, you know, t...

Bad loans to the third world. bad loans to the oil industry. bad loans to real estate developers. >> one of the reasons bankers made outrageous loans was because of federal deposit insurance. if the loan went well, you rake in the profit. if it went poorly, then the federal government picks up the tab. >> with deregulation, the s&ls got into that commercial real estate market and lost their shirt. >> all over the united states, people were building projects for which there were no buyers, mile a...

>> people love living in condos and being able to walk to restaurants and bars and grocery stores. i think thats whats happening down here. the bones of downtown l.a. are beautiful. and theres just a ton of people that want to live down here. >> our next stop is an amazing co-working place filled with entrepreneurs and free-lancers and people starting new businesses. >> ronan, the owner of cross campus, houses dozens of new small companies in this dynamic new co-working space. he believes these ...

>> weve never had a president whose name could be plastered on hotels and condos and golf courses all over the world including in countries where we have pressing national interests. we have donald trump meeting with these business partners of his in india to build a hotel in mumbai. you have other properties where he leases his name. he gets a direct payment for this hotel going up. how would that kind of a conflict be sorted out short of trump divesting himself of those properties and taking h...

Of china which extends loans to some of the trump entities i understand. there may be other, government owned banks. i dont know of their relationships with sovereign wealth funds, but then the issue of people checking into the hotel or diplomats and billing foreign governments and vying for the most expensive sweet to impress the president of the unite. thats clearly not permitted. >> weve never had a president whose name could be plastered on hotels and condos and golf courses all over the wor...

If he doesnt take prompt steps to make sure that none of that money gets into the trump organization. it could be money from the back of china which extends loans to some of the trump entities i understand. there may be other, government owned banks. i dont know of their relationships with sovereign wealth funds, but then the issue of people checking into the hotel or diplomats and billing foreign governments and vying for the most expensive sweet to impress the president of the unite. thats cle...

Only solution to ending his conflicts of interest is trump to sell it all, put money in a blind trust and end the empire. >> of course a blind trust can work. you have to sell the assets. you cant put the assets in a blind trust and pretend you dont own them. >> here is why probably it will not happen. a lot part of trumps business is donald trump. trumps partners across the globe are buying the right to license that brand. it brings them more rent money for office space, condos and hotel rooms....

>> very confident hes not breaking any laws. >> reporter: but the meeting is raising questions, while its not illegal for a sitting president to rahn business, its a question of optics and ethics. a cnn analysis shows trump has business dealings in at least 25 countries including saudi arabia, china, azerbaijan. a month ago there was worry that the trump brand was being destroyed by his run for office, but since november 8th, things have changed and presidential ethics experts are saying the onl...