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 ...
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.
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
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.
Because, debt takes away FREEDOM!
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?
So why the debter’s prison talk WRT Cruz? He took and and paid back a 401(k) loan.
Wolf alert! Look for at least five more Trump hit pieces tonight.
“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.
Because, you should never borrow money. It takes away your freedom.
What do you have to do to pay back the loan?
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.
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?
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.
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Yeah, vetting trump is now a hit piece. His record shouldn't be examined only his opponents record should be examined!!
Well, I was thinking about the Goldman Sacks loan for the campaign.
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.
Every business has loans and mortgages.
Your post is ridiculous. Ever balanced a checkbook? I doubt it.
Here we go again. Who died and made you Saint Peter?
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
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