Case closed.
But Trump thinks this is a big deal.
So the question arises...
Does Trump not understand margin loans or is he just stupid?
Case closed.
But Trump thinks this is a big deal.
So the question arises...
Does Trump not understand margin loans or is he just stupid?
Nah, TRUMP is “concern trolling” Cruz, and so far it’s worked like a charm.
The Don just answers the questions: “Hope he can straighten all this out”, “they say it’s a big deal”, “he has been very respectful of me, and agrees with me on my ideas”, “sure hope he can get this resolved”, etc., etc.
It’s politics at its best.
TRUMP, 2016
I recall the time we borrowed against our brokerage account to help purchase a new home. I was able to borrow up to half the value of the account.
Well, we did just that and wouldn’t you know that within a short while before I was able to close out the loan the market made an adjustment and margin calls started to flow in. What a mess.
So, ted borrowing 1,000,000.000 was against a brokerage account worth in excess of 2,000.000.000.
Not a good idea even though the wife being the big breadwinner was probably at the 300,000.000 income level at the time.