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Donald Trump is OWNED by Every Bank on Wall Street
RedState ^ | January 22nd, 2016 | Leon H. Wolf

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 ...


TOPICS: Crime/Corruption; News/Current Events; Politics/Elections
KEYWORDS: 1stcanadiansenator; 1trumpbankowned; assclownsforcruz; cruzbotsattack; cruzintohillaryswin; cruzjihaids; redstatedeathwatch; scumbagsforcruz; tds; totalloserposting; trump; trumpbankruptcy; trumpgoldmansachs; trumphypocrisy; trumpphoney; unhingedforcruz; usualsuspect
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To: 5thGenTexan

Well, I know nothing about Trump’s situation, however, the Constitution attempts to avoid a situation that existed in England, by giving the bankruptcy option to Americans.


81 posted on 02/03/2016 1:37:50 PM PST by Bogie
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To: DeathBeforeDishonor1

UM He works in real estate...of course he takes loans. Always use other peoples money. Doesnt mean hes owned.


Trump supports bank bailouts with taxpayer money. Cruz doesn’t support bank bailouts with taxpayer money


82 posted on 02/03/2016 1:43:58 PM PST by RginTN (Donald J Trump- why would the people of Ky want a rookie senator when they have Sen Mitch Mcconnell)
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To: RginTN
I think we have learned what Cruz's words are really worth... as in not much. Trump's bank loans are only important to you for two reasons: first you repeat crap you read because you don't like Trump and second you haven't a clue how business works.

For that matter, cash went out to banks during the crises to those banks that needed it. Some banks didn't take any money and much was repaid because there were quite a few strings attached. The bank bail out issue is old dust that impacts nothing. Since the financial collapse the real issue has been the fed printing money and lending out to firms like Goldman Sachs interest free - of course this helps finance other businesses leaving the country. Hey Cruz! Tell us your position on all that. The stuff you bring up here is pure crap for the unenlightened.

83 posted on 02/03/2016 1:45:05 PM PST by Lagmeister ( false prophets shall rise, and shall show signs and wonders Mark 13:22)
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To: 5thGenTexan

Because, debt takes away FREEDOM!


84 posted on 02/03/2016 1:45:38 PM PST by Bogie
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To: Bobalu

" The Commissions notes your letter, dated 1/14/2016, indicating that one or more candidate loans initially disclosed as derived from "personal funds" should have been reported as derived from bank loans. "

Geeze, for being the smartest lawyer on earth, he really has a problem telling the truth.

Another filing " mistake ", why does this guy continue to misreport his loans?

85 posted on 02/03/2016 1:50:18 PM PST by Souled_Out (Our hope is in the power of God working through the hearts of people.)
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To: Bogie

So why the debter’s prison talk WRT Cruz? He took and and paid back a 401(k) loan.


86 posted on 02/03/2016 1:52:05 PM PST by 5thGenTexan
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To: RginTN

Wolf alert! Look for at least five more Trump hit pieces tonight.


87 posted on 02/03/2016 1:53:35 PM PST by LS ("Castles Made of Sand, Fall in the Sea . . . Eventually" (Hendrix))
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To: PJBankard

“His company has loans from banks. Difference between business loans and personal loans.”

Exactly. I don’t know how many times these buffoons are going to write this BS.


88 posted on 02/03/2016 1:53:48 PM PST by Parley Baer
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To: 5thGenTexan

Because, you should never borrow money. It takes away your freedom.


89 posted on 02/03/2016 2:06:30 PM PST by Bogie
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To: 5thGenTexan

What do you have to do to pay back the loan?


90 posted on 02/03/2016 2:10:32 PM PST by Bogie
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To: 5thGenTexan
Even though Ulysses S Grant was a hero of the Texas war of Independence, he had harsh words in his memoirs about Texas, because Texas came into the union as a slave state.

Nowadays, this concept has almost nothing to do with state borders, but, most of the slaves are white people, because they are in debt.

It's just against the basic idea of what we should be all about as Americans.

And, in this case, it is a political problem.

91 posted on 02/03/2016 2:21:40 PM PST by Bogie
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To: Bogie
Most plans provide for two options: payroll deductions or payment in full.

If you choose not to pay back a 401(k) loan, it converts to an early withdrawal, subject to income taxes at your bracket and a 10% early withdrawal penalty. If you leave your current employer, most plans convert the loan to an early withdrawal.

Heidi's plan was not a 401(k), but another tax-deferred retirement savings plan. The amount she borrowed was above the 401(k) limits. Probably similar rules though.

Bottom line: they borrowed their money from their tax-deferred personal account. Who does that make them slave to, exactly?

92 posted on 02/03/2016 2:24:59 PM PST by 5thGenTexan
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To: Lagmeister

Cruz doesn’t support taxpayer funded bank bailouts and hasn’t written legislation to support taxpayer funded bank bailouts. On the other hand, Trump supports taxpayer funded bank bailouts, taxpayer funded nationalizing banks and democrats who voted for the taxpayer funded bank bailouts.

The diffence is stark between the two and a loan from GoldmanSachs which he repaid didn’t change Cruz’s stance.


93 posted on 02/03/2016 2:32:21 PM PST by RginTN (Donald J Trump- why would the people of Ky want a rookie senator when they have Sen Mitch Mcconnell)
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To: LS
Wolf alert! Look for at least five more Trump hit pieces tonight

++++++++++++++

Yeah, vetting trump is now a hit piece. His record shouldn't be examined only his opponents record should be examined!!

94 posted on 02/03/2016 2:35:43 PM PST by RginTN (Donald J Trump- why would the people of Ky want a rookie senator when they have Sen Mitch Mcconnell)
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To: 5thGenTexan

Well, I was thinking about the Goldman Sacks loan for the campaign.


95 posted on 02/03/2016 2:36:47 PM PST by Bogie
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To: RginTN
So, no mortgage on your house, then?

His company deals in real estate. The amount of mortgage payables must be balanced against the cash flow from rentals and the appreciated worth of the properties.

So, this article is yet another example of meaningless financial illiteracy intended to smear capitalism.

96 posted on 02/03/2016 2:41:58 PM PST by Albion Wilde (Who can actually defeat the Democrats in 2016? -- the most important thing about all candidates.)
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To: RginTN

Every business has loans and mortgages.


97 posted on 02/03/2016 2:44:11 PM PST by cassiusking
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To: alstewartfan

Your post is ridiculous. Ever balanced a checkbook? I doubt it.


98 posted on 02/03/2016 2:44:26 PM PST by Albion Wilde (Who can actually defeat the Democrats in 2016? -- the most important thing about all candidates.)
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To: alstewartfan
No, not legally, but morally.

Here we go again. Who died and made you Saint Peter?

99 posted on 02/03/2016 2:48:05 PM PST by Albion Wilde (Who can actually defeat the Democrats in 2016? -- the most important thing about all candidates.)
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To: RginTN

He has 10X the collateral those loans are worth. Take a look at his debt to asset ratio. You guys sound a lot like Dems with your ignorance of the free market.

Fact is he owns those banks who love lending him money.

Pray America wakes


100 posted on 02/03/2016 2:48:35 PM PST by bray (Trump/Palin 2016)
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