Posted on 02/03/2016 12:52:00 PM PST by RginTN
As I reported yesterday, at various times Donald Trump has had hundreds of millions of dollars in loans from Citibank and Goldman, some of which have been repaid, some of which were discharged in bankruptcy when Trump’s Altantic City casino went belly up. By Trump’s own standard, Citibank and Goldman own him, too.
(Excerpt) Read more at redstate.com ...
Well, Trump donated to a lot of democrats so I guess that means he backs their politics.
Just the opposite, without capitalists making opportunities for them to invest and make money, banks would not survive, so in that sense he “owns” them. Not that RedState would ever tell the truth.
In fact, the largest bank in China pays rent to Trump’s company.
Red State hates Trump.
No I don’t think they could care less about Trumps politics, they care about the bottom line, making money off their investment.
No, not legally, but morally.
Can’t say for sure on those specific properties, but Trump has used insurance companies, pension plans, investment bankers and yes, banks. It depends on the project and it depends on who has the cash and wants to lend it, and whether they have an interest in the project or not.
Basically, anyone who’s willing to lend at favorable rates. He gets favorable rates because he tends to pay them back.
As for Altlantic city, a whole lot of variables in play there. And not just for Trump.
Red State anti-Trump, Canadian, Ted Mean, Goldman Sachs, Sue over Iowa, Red State anti-Trump, Goldman Sachs, Ted Mean, Sue over being Canadian, Goldman Sachs, Red State anti-Trump, Canadian, Goldman Sachs.
Cruz belongs in a debtor’s prison in 18th century England, waiting for his chance to get to Australia.
OR, at the minimum, Trump is unconcerned about the devastation to America of Democrat policies.
No. You are incorrect.
The loan is secured by the real estate and the national credit tenants who will sign the leases. Not by the borrower.
They tend to be repaid in hard times because developers want a continuing source of future financing.
Read State = Salem Media = Open Borders, Obamatrade, H1-B1 and NWO
Fair question. Fund portfolios with investments in banking equities, sure. With Goldman stock sitting at $152-plus per share, individual stock holdings, not so much.
The point is, lots of people have holdings and loans with big investment banks in New York and elsewhere, including Ted Cruz and Donald Trump. That doesn’t make any of them criminals, even Ted Cruz.
As I’ve said in other posts, there isn’t a single big investment bank licensed to operate in the US that hasn’t been investigated, indicted or paid a major fine for something. If you doubt it, Google “largest investment banks in the US” and add “indictment investigation” or “fine” and you will see for yourself. Some of the biggest, most important investigations, indictments and fines for money laundering and fraud aren’t even public.
Try it even with your own bank. You’ll be surprised.
Most, if not all, investment real estate loans have call provisions. A standard reason for is to “significantly change the operation of the investment entity”.
Trump handing the business over to his kids would easily qualify as reasonable justification for a call. Then, it’s down to the banks on if they execute the call.
Trump is so highly leveraged, a small number of calls would tap out the liquid assets. Unless, of course, Trump “makes a deal” with the banks to alieviate their concerns.
And Soros.
And who do you think helped The DOn fund his failed Atlantic City casinos?
+++++++++++++++
Trump defended the obama bank bailouts too so will he bailout the banks who loaned him money???
“Of the Wall Street bailout, Trump said on CNN: “I do agree with what they’re doing with the banks. Whether they fund them or nationalize them, it doesn’t matter, but you have to keep the banks going.””
Well said!
“There is a difference between being responsible as a Company Officer and being personally liable for the loan.”
No there isn’t, not legally. At the end of the day the companies officers are liable.
Interesting. Thanks. I am not an expert in high finance.
Or it could mean he lives in a city and state that is run by democrats.
Just a thought you might want to consider.
If it were republican run, I’m sure he would have contributed to them as well, and has done so even when the dems were running the show.
It’s called business. Big business in a big city.
It sucks I know, but if you piss off the people running the show, making the regs, running the zoning commissions, erc., you ain’t going to get very far.
At their level politics IS an investment.
Are are you saying the bankers don’t care who is in the Oval Office?
Bloomberg is a billionaire. Should he run for President he can self finance too. So what. That doesn’t make him a Constitutionalist Conservative.
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