CNN

During an appearance on CNN's State of the Union Sunday, surrogate for President-elect Donald Trump and prospective attorney general Rudy Giuliani worried that Trump's children would be "out of work" should the president-elect put his assets, including the company three of his adult children are senior executives at, in a blind trust.

“I think he is in a very unusual situation, he basically would put his children out of work,” Giuliani fretted. “They’d have to go start a whole new businesses and that would set a set of whole new problems.”

As anchor Jake Tapper repeatedly pointed out to Giuliani, having your children run your company does not make it a blind trust. But as Giuliani pointed out, presidents are not subject to laws requiring them to put assets in a blind trust—it's merely tradition. (An exception: President Obama has assets in index funds and treasury notes, which are disclosed.)

During a January Fox Business Republican primary debate, Trump seemed to not know what a blind trust is. “I would put it in a blind trust. Well, I don't know if it's a blind trust if Ivanka, Don and Eric run it. But—is that a blind trust? I don't know.” It's very much not—especially if your children are also on your presidential transition team. And, as a September Newsweek investigation showed, the Trump Organization has been involved in politically-tinged deals all over the world.

Advertisement

As to Giuliani's worries that the Trump children will be "out of work"—no reason why they can't just go into the other family business: Reality TV.

Sam Stecklow is the Weekend Editor for Fusion.