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douglas9

(4,358 posts)
Fri Apr 2, 2021, 12:18 PM Apr 2021

How Elaine Chao Used Her Cabinet Post To Help Her Family Make Millions

In January 2017, upon confirmation as secretary of the Department of Transportation, Elaine Chao committed to separating herself from her family’s shipping interests. Looking back, it’s clear she didn’t.

During the Trump administration, itself awash with emoluments and ethics concerns, Chao’s ability to gain financially flew mostly under the radar. Government watchdogs failed to challenge Chao’s repeated wrongdoings.

Chao is married to Senate Republican leader Mitch McConnell from Kentucky.

The Chao family business is deeply entangled with Beijing. The family dry bulk ship company has borrowed 100s of millions of dollars from Chinese banks, all of which are partly or fully owned by the communist regime.

In 2019, Elaine Chao faced some criticism for public appearances with her family members that seemed to be elevating the profile of the family business long after she was sworn in as transportation secretary.

https://www.dcreport.org/2021/04/02/elaine-chao-used-her-cabinet-post-to-help-her-family/

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How Elaine Chao Used Her Cabinet Post To Help Her Family Make Millions (Original Post) douglas9 Apr 2021 OP
K&R 2naSalit Apr 2021 #1
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