Our media is soooo very stupid. Especially in understanding anything from the business world.
CNN’s first paragraph about Trump’s accounting firm MAZARS and their decision to fire TrumpCo — “they would no longer be their accountants, citing a conflict of interest.”
CNN frames this up so it sounds like some sort of technical detail. Oh, they couldn’t be the Trump Org’s accounting firm any more because of some immaterial and undefined conflict of interest. Could be anything, probably no big deal. Nothing to see there.
The f***ing conflict of interest is that MAZARS had to give notice that the financial statements that they, MAZARS, produced for and about the Trump clan and its businesses “should not be relied upon”. That’s kind of a big thing when your accounting firm issues such a disclaimer. And the kind of thing that creates a “non waiveable conflict of interest”. Like the attorney that has to remove himelf from the case because his client just bragged to him that he did in fact murder all those people.
Due in part to our decision regarding the financial statements (that they shouldn’t be relied upon!!) as well as the totality of the circumstances, we have also reached the point such that there is a non-waivable conflict of interest with the Trump Organization. As a result, we are not able to provide any new work product to the Trump Organization.
Trump-world will spin the conflict of interest as a technical, nothing to see here issue, and our lackey can’t-believe-any-of-these-people-went-to-journalism-school media asswipes will aid and abet the effort.
That all said, this IS a big deal. Have hope!