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.
Are you kidding me with that remark??? I will bet that not one Trump supporter did NOT expect Trump to have huge loans for his properties!!
Worse than Hillary’s e-mails I think you need to put down that bourbon!!!
So trump say Cruz’s loans are worse than hitlery’s emails but the tactic can’t be used against trump. Don’t like the heat don’t use the tactic
Actually, Cruz did report the fact that he loaned the money to his campaign. The alleged oversight was that he didn’t disclose the source of the money as required by the FEC, instead claiming that the money came from his “personal funds”.
When you get a loan, the money isn’t yours, it belongs to the bank who charges you a fee for its use.
Yeah, and Bill Clinton didn’t have sex with that woman while wagging his finger at the nation.
About the same thing as borrowing against your 401K.
Peace, Bro!
Dump Trump, choose Cruz!
this exact same post was made four hours ago and this one needs to be pulled.
Trump is a private businessman, not a sitting senator voting on legislation that impact these banks. Big difference.
To be fair, everyone who owns a 401k with diversified assets is probably a shareholder in Goldman Sacks.
This is really as much of a non-issue regarding Trump as it is with Cruz.
Fighting over crap like this is really not productive.
Trump has huge personal loans. No different than Cruz who took a personal loan. EXCEPT Trump’s loans are hundreds of millions of dollars more.
Trump’s Personal IRS see Part 8 Liabilities
http://www.scribd.com/doc/272293568/Donald-Trump-Personal-Financial-Disclosure-Report
Cruz disclosed loans in his tax return
exactly. Cruz took personal loan and reported it on his tax returns. Trump has hundreds of millions of personal loans which makes him exponentially more indebted to Wall Street.
Trump personal tax return see Part 8 Liabilities
http://www.scribd.com/doc/272293568/Donald-Trump-Personal-Financial-Disclosure-Report
Did he pay off THIS loan? Or file for bankruptcy?
THAT would be a big difference, right ?
Trump has hundreds of millions of personal loans from Wall Street
See Part 8 Liabilities of his personal tax return
http://www.scribd.com/doc/272293568/Donald-Trump-Personal-Financial-Disclosure-Report
what has happened to FR
I absolutely agree.
Well, well, thanks for posting this.
It’s seems so wrong that a billionaire can go bankrupt, and never have to pay the money back. Something’s wrong with the system.
Did he not make a statement on national television at the last debate, to the effect that he would divest himself of his entire company, should he win the presidency? Moreover, did Trump repay the loan? If so, then how may it be said G&S or Citi holds any influence over him?
By that logic, if I take out a loan, and pay it back in full, the Bank then “owns” me? Or do I “own” the bank? This thread is an based on an absurd proposition. Neither is it equal to the failure to report a substantial loan (for whatever the reason) by Cruz during the course of his senate campaign. Also, in fairness, IIRC, the money that Cruz received was from equity on an investment - perfectly legitimate. failure to report is the only issue here ... And Trump reported every loan, asset, bankruptcy, etc. om his financials.
Nice attempt, Red State, but FAIL!
"....[Larry] KING: There are a lot of great topics. One of them is Barack Obama. In fact, the list at the back of the book on the topics, the number one is, "Barack Obama's election ushers in a different world."
How do you assess him?
[Donald] TRUMP: Well, I really like him. I think that he's working very hard. He's trying to rebuild our reputation throughout the world. I mean, we really have lost a lot of reputation in the world. The previous administration was a total disaster, a total catastrophe.
And, you know, the world looks at us differently than they used to. And I think he's trying to restore our reputation within the world. And he was handed a pretty bad deck of cards. I mean, he was given a pretty tough situation.
And I'm not saying I agree with everything he's doing. I do agree with what they're doing with the banks. Whether they FUND THEM or NATIONALIZE them, it doesn't matter, but you have to keep the banks going.".....CNN Transcript of interview
Yeah, we businessmen finance a lot of our enterprises with our own cash or personal loans. It’s called “risk,” something Cruz knows nothing about. Makes me admire Trump all the more.
If you ever had a home equity loan you likely borrowed money from Citibank.
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