• Boing
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    26 days ago

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    • Reannlegge
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      1 month ago

      He does not know what his investments are in and has no access to them, they are in a blind trust.

      • Boing
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        • Oderus@lemmy.world
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          1 month ago

          lol… yet it is. You fiscal Conservatives don’t know shit.

          Definition of a Blind Trust A blind trust is a legal arrangement where the trustor (the person who creates the trust) transfers control of their assets to a trustee (the person managing the trust) without retaining knowledge of how those assets are managed. This setup is designed to prevent conflicts of interest, particularly for individuals in sensitive positions, such as politicians or corporate executives.

          How a Blind Trust Works Key Roles Trustor: The individual who establishes the trust and places assets into it. Trustee: An independent party who manages the trust assets without input from the trustor. Beneficiary: The person or entity that benefits from the trust, often the trustor themselves. Asset Management Once the trust is established, the trustee has full discretion over the assets. The trustor does not know what investments are held or how they are managed. This separation helps ensure that the trustor’s decisions in their professional role remain unbiased.

          • Boing
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            • Oderus@lemmy.world
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              30 days ago

              No, you don’t know how it works.

              “The trustor does not know what investments are held or how they are managed. This separation helps ensure that the trustor’s decisions in their professional role remain unbiased.”

              They don’t know how they are managed so they can’t influence them.

              And that YT video is nothing but Carney saying he is following the rules. How does that prove anything? Don’t be a Conservative stooge and use your brain.

              • Boing
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                • Oderus@lemmy.world
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                  29 days ago

                  No, you still don’t because having stock in Brookfield is something many people do, like Pierre Polievre. You’re making something from nothing and it’s funny because it just shows how little you know. If Pierre was Prime Minister, you wouldn’t care about him owning several houses and profiting by making policy that benefits him. You Conservatives are just bigly mad because the Liberals have someone well versed in finance and your leader is a career politician that has no policy and always resorts to name calling. Big please, keep telling us what a fiscal master you are.

                  • Boing
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        • Reannlegge
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          1 month ago

          Even if he does know what is in it he cannot do anything about it.