To: WhistlingPastTheGraveyard
Grove Capital, the real estate arm of Soros Fund Management, put up a large chunk of the $160 million shortfall for the Trump Tower Chicago project in 2004. But I dont see any mention of that in this 2008 WSJ piece. There are several unsupported and very specific assertions in this thread, including yours. I've seen mention that Grove Capital provided financing along with Deutsche Bank and others.
Were all those lenders making up "shortfalls", or just Grove, or were they all actually initial investors? From what I've read, they sound like initial investors.bailout of this Trump project.
Here's a little article. Sounds like an initial investment to me. Not a 'bailout' and not a 'shortfall'
Trump Tower Chicago
25 posted on
04/17/2011 12:09:56 PM PDT by
Will88
To: Will88
Fine, initial investment. My mistake. Soros and Trump do business together. Another in a ridiculous long line of perfectly good reasons to stay as far away from this fraud as possible.
To: Will88
The article does not appear to be accurate on the point. Fortress' founders and partners are listed on its web site and do not include Soros. The article at post 25 does not claim Soros is involved in Fortress as the lead investor. Where it is inaccurate is with regard to Grove Capital. Grove Capital was not spun off from Soros' fund a month before the article. Grove Capital was founded in San Francisco in 1998 and its founders and executives do not include Soros. Nor is there any evidence that it manages his funds. It is a well known firm involved in several kinds of banking. As for the third investor mentioned in the article: there is no claim of any connection between it and Soros. I don't believe that there is any proof of a Trump Soros connection, only inaccuracy and speculation.
There is a lot about Trump that is provable and certainly that includes his donations to liberal Democrat politicians but this accusation of a Soros connection does not appear to be well founded.
105 posted on
04/17/2011 9:30:12 PM PDT by
AmericanVictory
(Should we be more like them or they more like we used to be?)
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