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.
Do tell more. Link?
And your posts just proves the point: Y’all have been hapring on Cruz being “owned” by GS because Heidi works there, but when Trump has loans from GS, Citibank and Deutsche Bank it’s “oh you don’t know how businesses are run”. Well, yes, we do. In Donald’s case they are run by borrowing huge sums and then failing to pay those sums back when the economy craters. Then you just declare bankruptcy to protect your personal assets and move on.
You’ve missed the whole point.
What do Trump’s development loans - from years ago - have to do with his campaign??
I have had freaking loans from Citibank/other large banks....am I owned? LOL.
Do you own a business? Have you ever had loans for developments, etc?
If held to the same standard Cruz is, Trump shouldn’t get loans. He would then be owned by the loan maker, whether he disclosed or not. Right?
He did file FEC reports just didn’t list the loans. The Senate disclosures filed at the exact same time DID have the loans listed. Cruz has admitted this was a filing error and has sent all necessary documents to the FEC for a correction.
Oh, and Cruz paid off his loans. Trump... not so much.
As with Cruz, I would say trump should consider firing his election lawyer.
It was Cruz’s first federal campaign. It’s not a stretch to think it wasn’t necessary due to the fact that it was a loan against his own assets.
Honestly, since he did file with the Senate I say no harm , no foul.
Everyone here, especially Trump supporters, prides themselves on being politically incorrect. But the Big "H" comparison is, in polite circles, just too taboo, too politically incorrect, even for them.
I sympathize already for the grief and hell in posts that surely will rain (figuratively speaking) down upon you.
You are in good company here, though, FRiend, trust me when I tell you that the majority here, about 54%, either prefer Cruz and/or reject Trump (most who reject Trump are okay with Cruz). So even though Trump supporters post prolifically and aggressively, in actual fact they are (at least, according to my ongoing tally) the minority. They just puff up and make a big noise and have themselves and many others convinced that Cruz doesn't have the majority preferring him, at least among FReepers. But he does.
Kudos to your courage. I've read enough books about 1930s Germany to have had the same thoughts as you.
You are according to Trump logic.
Trump runs his real estate empire as a highly leveraged group of entities. That is why the four bankruptcies - there is never much, if any, reserves. Any unforeseen setback can crumble the house of cards.
That means Trump is joined at the hips with many banks. Many more than Cruz, I wager.
It’s no different than what was done with Obamacare.
They just keep repeating lies even though they know it’s lies.
That’s why Gruber called them stupid instead of ignorant.
Cruz’s loans were from years ago and he paid back every cent.
I’ve asked this question and haven’t gotten a response yet so I’ll ask it again, got any legislation Cruz has written that favors Citibank and Goldman Sachs? Another question, did Cruz pay off his loans? According to Cruz he did any evidence he didn’t?
Sanitizing the thread up thread aways.
There are many others if you don't like this website. It also lists the law office that originated the complaint, though I'm not sure if they still have it online there.
;^)
Not to mention, trump is the scion of a real estate empire that will require loans while he’s in office if it’s going to continue to operate.
But hey, I like trump but his kids will need loans to build the business... A good word from the President, a deal here and there... Bad a Bing bad a boom.
No, according to YOUR pretzel logic.
Trump has no issue with legit loans. Only undisclosed ones....on campaign filing papers. Trump also likely realizes that the Citibank loan was a signature loan...of which you’re not supposed to use for campaign loan...because......you cannot tell who paid the loan off (it could be a third party, etc.).
This desperate reach by the CRuzers is getting more embarrassing, by the minute.
I confess, I have a Citibank credit card. Is that legal?
Only if your last name is Cruz.
It would seem to me that FEC reports are more open to public scrutiny then senate disclosures filed. If it was omitted on accident that’s fine, if it was done to deceive the American people, shame on Ted Cruz
Us Cruzers have nothing to be desperate about. I can give an entire list of what Trump has done in the past. I still find it hard to believe that Trumpsters still believe that their candidate is perfect.
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