Does Bloomberg not know what a blind trust is?Michael Bloomberg told a radio interviewer this week that if he runs for president he will sell his financial data and news operation, or place it in a blind trust.
the word "blind" is a clue, you don't know what assets are in the trust.
wiki
further downA blind trust is a trust in which the trust beneficiaries have no knowledge of the holdings of the trust, and no right to intervene in their handling. In a blind trust, the trustees (fiduciaries, or those who have been given power of attorney) have full discretion over the assets.
Because the assets initially placed in the QBT are known to the government official (who is both creator and beneficiary of the trust), these assets continue to pose a potential conflict of interest until they have been sold (or reduced to a value less than $1,000). New assets purchased by the trustee will not be disclosed to the government official, so they will not pose a conflict.