Dallas Investor Ray Washburne Would Shed Local Posts to Join Trump in D.C.

Dallas investor Ray Washburne says he would step down from a host of high-profile positions locally, including leadership at the M Crowd Restaurant Group, if he is confirmed as president of the Overseas Private Investment Corp.On June 8, Washburne sent a four-page letter to Dev Jagadesan, designated agency ethics official with the OPIC, addressing how he would avoid "any actual or apparent conflict of interest in the event that I am confirmed." The Overseas Private Investment Corporation is a government agency that helps American businesses invest in emerging markets. A hearing on Washburne's confirmation was held earlier in July before the Senate Foreign Relations Committee.  Continue reading...