• Oderus@lemmy.world
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    22 hours 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@lemmy.ca
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      19 hours ago

      I know exactly what it is and how it works. Go watch the Committee meetings that have been going on about Carney’s Conflict of Interests all ~104 of them. Remember during the election when he was asked about his conflicts and he said “What possible conflicts?” LOL https://youtube.com/shorts/P8uH7_gef4A

      • Oderus@lemmy.world
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        8 hours 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@lemmy.ca
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          4 hours ago

          Yes, yes I do and I have been following the committee meetings about his COI and his screen What about the purchase of 26 High Mobility Artillery Rocket Systems? A “Carney conflict” refers to Prime Minister Mark Carney’s potential conflicts of interest related to his past financial holdings with the investment firm Brookfield, which includes investments in defense companies like Lockheed Martin. This was brought into focus with the Canadian government’s recent plans to purchase missile launcher systems from the U.S… You were saying something…