JOSH BLACKMAN: President Lyndon B. Johnson’s TV Station and the “Blind Trust.” “I recently wrote about the purportedly ‘blind’ trust created for President Jimmy Carter’s peanut business. President Lyndon B. Johnson also had a “blind” trust created for his television station. . . . There are no perfect solutions when a successful business person becomes President, and has only two months between election day and inauguration day to settle his affairs. And to demand that a president sell off his business holdings is to in effect create a new qualification outside the text of the Constitution.”
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