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‘Straight out of the Trump playbook’: MSNBC’s Velshi & Ruhle blast Wilbur Ross for hiding $2 billion in assets

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Addressing a Forbes report that Commerce Secretary Wilbur Ross left more than $2 billion in assets off his financial disclosure forms — moving them into trusts — MSNBC hosts Ali Velshi and Stephanie Ruhle said the lack of disclosure was “right out of the Trump playbook.”

According to Forbes, Ross was expected to disclose approximately $3.7 billion in assets before his Senate hearings, but prior to being appointed to head up Commerce, the businessman shifted billions to his family in such a manner that trust experts said he should have resulted in him paying  gift taxes of $800 million or more.

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With host Velshi saying Ross moved a “chunk of assets,” Stephanie Ruhle jumped in to say, “Is it fair to say a chunk of assets? It could be a small number, but we’re talking 2 billion  –with a ‘b’ — dollars. ”

Admitting it was more like an “iceberg of assets,” Velshi said, “That meant he didn’t have to put the $2 billion on his financial disclosure report.”

The two hosts then ran through a litany of Trump officials who did sell off assets, but pointed out that Ross is not the first to hide or leave off important information off.

“The argument in straight from the Donald Trump playbook,” host Ruhle explained before adding,  “The Trump family doesn’t have to adhere to the laws because you don’t have to if you’re the president.”

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Ruhle then added, “This administration doesn’t mind stinking.”

“Donald Trump clearly set a precedent at the top, that it is not necessarily about what looks right but what you can legally get away with,” Forbes editor Dan Alexander explained. “And for Wilbur Ross, you do have to disclose, even if you’ve moved assets into trusts for your children, you do have to disclose any income-producing assets over the last year. Now, he told me he made a transfer shortly after the election, which means that those assets would have likely gained a lot of income over the previous year. Looking at the financial disclosure report, they don’t seem to show up.”

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You can watch the video below via MSNBC:

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news outlets, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

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Suspect behind NYC subway bomb scare arrested after being found unconscious in the Bronx: report

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On Saturday, CNN's New York correspondent Polo Sandoval reported that a suspect wanted for placing suspicious rice cookers in New York City subway stations has been arrested after being found unconscious at an address in the Bronx.

"Less than 24 hours it took the NYPD to track down this man in relation to the scare that took place here in New York City," said Sandoval. "A source close to the investigation saying that the individual that they were trying to track down to speak to was apparently placed into custody at about 2AM This morning. He was found unconscious in the Bronx here in New York. He is currently hospitalized."

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It’s not Democrats who are making guns a political issue: It’s all the dead bodies

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We can’t keep up. We can’t keep up with the lies, we can’t keep up with the racism, we can’t keep up with the anti-immigrant hysteria, we can’t keep up with the firings and resignations, we can’t keep up with the flat-out lunacy, but most of all, we can’t keep up with the dead bodies.

In a single week, between Sunday, July 28, and Saturday, Aug. 3, there were three separate mass shootings in this country. In Gilroy, California, at a popular garlic festival, a man wearing a bulletproof vest and carrying an AK-47 style assault rifle, killed three people and wounded 13. Two of the dead and several of the wounded were children. The shooter had six high-capacity magazines in his possession: one was a drum magazine holding 75 rounds of 7.62 mm ammunition, and the other five held 40 rounds. He had bought the AK-47 and ammunition just three weeks before he opened fire on the festival goers.

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Trump is terrified a recession is coming — and he has no plan if it does: report

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Economists and analysts overwhelmingly agreed this week that a recession is, if not looming, appearing to be much more likely in the near future than it was before.

But in President Donald Trump's White House, such pessimism is verboten. According to multiple reports, Trump's team has been emphasizing rosier economic numbers and brushing off signs of a coming downturn. Trump even suggested that he "suspects many economists and other forecasters are presenting biased data to thwart his reelection," according to the Washington Post. (Trump previously complained that positive economic reports under President Barack Obama were fake.)

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