Friday, August 12, 2022

Anita Dunn, $48 million special, takes 8 months to disclose her financial holdings: One law for me, another for thee

Biden senior advisor Anita Dunn has to divest investment portfolio worth between $16.8 million and $48.2 million to avoid conflicts :

Dunn’s newly released financial disclosures, which are 93 pages long, show extensive stock, options, bond and private equity holdings . . ..

Dunn worked for the president as one of his senior advisors from January 2021 through that August before returning for a brief stint this March.

She was considered a special government employee for both posts who was exempt from disclosing her assets publicly.

She wasn’t required to file a public disclosure form until her most recent appointment in May. ...  

also made tens of thousands of dollars exercising put options in the iShares Core S&P 500 Index, which could create conflicts of interest with “every single company” in the S&P 500, according to Walter Shaub, who used to run the Office of Government Ethics under the Obama administration and briefly served in the Trump administration.

“Options are not exempt from the conflict of interest statute under any circumstance. That means that she came into government with a conflict of interest with every company whose stock she wrote an option for and with every company in the referenced indexes,” Shaub said after reviewing Dunn’s financial disclosure.