Chicago Tribune: How Do 'Blind Trust' Procedures Announced by Rauner Work?
Experts say the arrangement as outlined by Rauner appears to fall short of the conflict of interest safeguards of a blind trust. Larry Noble, senior counsel with the Campaign Legal Center, a Washington-based ethics watchdog, said wiggle room remains for Rauner and his new money manager to share financial information.
"Generally, a blind trust is supposed to insulate the government official from information and any involvement in the decisions regarding his or her investments," Noble said. "It does not work if the (adviser) can share info with the official prior to making investments or get the official's input into what investments should be made."
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