It seems like a long time ago. On Jan. 11, Donald Trump’s lawyers revealed a plan to resolve the clash between his business interests and his presidential duties. Whether the result of impulse, intention, or incompetence, his subsequent chaos has accomplished one objective: He diverted attention from his plan’s assault on one of American democracy’s central pillars: a presidency free of institutionalized corruption.

This column addresses Trump’s conflict of interest problems. They are related to—but distinct from—his constitutional emoluments clause problems and the unfortunate role that Sheri Dillon and her law firm, Morgan, Lewis & Bockius, played in shilling for the president.