According to attorneys close to him, attainment of the Presidency did not slake Lyndon Johnson’s thirst for money. Upon assuming the office, he annou… - Robert A. Caro

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According to attorneys close to him, attainment of the Presidency did not slake Lyndon Johnson’s thirst for money. Upon assuming the office, he announced that he was immediately placing all his business affairs in a “blind trust,” of whose activities, he said, he would not even be kept informed. But these attorneys say that the establishment of the trust was virtually simultaneous with the installation in the White House of private telephone lines to Texas lawyers associated with the administration of the trust — and they say that during the entire five years of his Presidency, Johnson personally directed his business affairs, down to the most minute details.