Richard W. Painter
S. Walter Richey Professor of Corporate Law

Prof. Richard Painter Quoted in UK Yahoo Finance about Trump's Assets and How They are Reported

Professor Richard Painter was quoted in UK Yahoo Finance about how Donald Trump reports his assets makes it difficult to determine their value. "We have no idea what's going on," said Painter, on the need for a bigger window into candidates' finances. "We shouldn't have to guess. If you have someone who is running for president and they have an LLC, we should know what's in it, what it owes, and where its revenue is coming from. If the LLC has debt, are they borrowing from Chase Manhattan Bank, or are they borrowing from the Russians? We don't know, and we ought to know."