Posted on 01/21/2016 5:27:24 PM PST by DrewsDad
Citibank, in particular, played a major role in one of the Trump’s organization’s more notorious bankruptcies, when the Trump Plaza Hotel in Atlantic City was underwater and Trump owed over $550 million on it to various creditors, with Citibank at the head. In order to restructure his debt, Trump gave Citibank and other creditors a 49% ownership interest in the hotel.
As for Goldman Sachs, Trump is himself a shareholder in Goldman Sachs, which means he has a direct financial interest in its success. One would think that would make Trump even less enthusiastic about protecting me from Goldman Sachs (whatever that means) than Cruz would.
Still, I wish Trump would have disclosed this up front. I can't help but wonder if the reason he refused to tell voters about this was because he didn't want word to get around . . .
Now I wonder what else Trump is hiding. This is a problem for Trump. I hope he will get out in front of this and tell the truth about what happened and more importantly, WHY? I like Trump. I really do.
That's a bit dense, is it not?
Trump. according to FEC reports as of today has injected nearly 9 million into his campaign. he also has spent all of it and is nearly 2 million in debt. When he makes another draw on his assets to deposit into that account, where is it, that the money came from??? A piggy bank???
If he liquidates securities, (most liquid is common stock) his broker cuts him a check. If he does not want to sell the stocks right now, he can take a margin loan on it from the broker. if his broker is Goldman Sachs, he will get the same loan and terms that ted cruz got.
The CITI loan was a line of credit loan secured by the Cruz's assets that the bank already had used for previous loans, this is how a line of credit is established.
All of this has been paid back. the FEC records show that ted cruz lent money to his own campaign and how much and what dates. There were 5 transfers. so that is public..
In his personal finance declarations, the citi bank loan shows up, but the mistake was that he forgot about the margin loan. It is a loan technically but many investors don't think of it as reportable because it is a advance on your own money that is locked up in securities.
In any case they made a mistake apparently and missed this, but the FEC did have the record where the money was transferred from teds account to the campaign.
Nobody was trying to hide anything.
Your buddy trump is a nasty piece of work. Typical New Yawwker.....brash, uncivil, and trash talker.
A Cruz brain at work.
Trump says banks own Cruz for a loan against his own investments and needs one of the same banks to help him through his bankruptcy.
If you are unable to draw the distinction then no one on this forum can help you.... a company he owned declared bankruptcy...not him....he was trying to salvage a company in trouble an obtained loans for it.... the loans were not to him....the banks took the risk......it was one of many companies he did this successfuly....this one didn’t make it...
“A Cruz brain at work.”
I like Trump. I really, really do.
I just wish , when Trump first brought up Goldman Sachs, that he had told voters of his ties to this big outfit and explain how doing business with them helped him and what they got in return.
I really like Trump. But I’m afraid if he doesn’t address the problem of perception, the Democrats will use it against him later. The only reason I’m even mentioning this is because I’m doing Trump a favor.
I like Trump. I really do. But he needs to say something and clear his name.
LOL. Trump is a private citizen, not a sitting senator. He has not hypocritically denounced NY values. Where should Trump get loans, the local S&L?
Thanks for your concern.
I find this photo offensive for EITHER side of the candidates in question... Cruz OR Trump!!!
Sick to liken anything to the Jamestown massacre.
Your are an idiot — dumber than dumb — if you can’t see the difference. And I say this even though Cruz in my guy and Trump is a distant second.
That would not be me or others supporting Cruz and Conservative Principals.... who understand and know the reality of where this nation is and the real battles now being fought outside the media tracking windows where they park the eyes of their viewers....
Are you defending Trump’s statement that the banks own Cruz because he took out a loan against his own investments?
Well I guess everyone should also stop saying “Drinking the Kool-Aid”.
I bet you are selectively PC and also for Cruz. Right?
Of all banks in the USA, why did he go to Goldman Sachs for a loan? The OPTICS! Why didn't he go to his local savings and loan in Texas? Goldman Sachs, besides Heidi's being a senior corporate officer there, and considering 2008 and TARP---it just isn't going to look right. I think that GS and the banksters and the Washington Insiders are just so bold they will do this IN YOUR FACE and dare you to say anything.
The Cruzs are joined at the hip with Goldman Sachs, NYC banks and the Washington Political Class. Here's just part of the proof:
In the 1930’s there were a few Germans who did not buy into the bluster and hype of Adolph Hitler. They paid the price anyway. In the 2008 presidential race there were those who didn’t but into the bluster, hype, and platitudes of Obama. Many have paid the price.
Now in 2016 there are many who have bought into the hype, and vitriol of Trump. He is very much the same as the other two mentioned. Many are willing to repeat history because they make choices with their heart instead of their heads. Hell will be full of these supporters of all three.
CREEPY Heidi CFR eyes!!!! Is that a real Cruz video, produced by their own campaign, or is it some Democrat produced thing to make Ted and Heidi look like complete idiots?
I hope you understand I really like Trump. The only reason, as I said, that I mentioned Trump benefiting from an unreported connection to Goldman Sachs, was I am doing Trump a favor, because believe you me, the Democrats will attack Trump on the perception that he avoided telling voters about the sweet deal he cut with Goldman Sachs.
I really hope, because I like Trump, that he will get out front on this thing - get the whole truth out as quickly as possible. No one is saying that it was wrong to cut a sweet deal with Goldman Sachs.
Trump, by the way, is really, really rich. And I really like Trump.
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