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 ...
How many multi-million dollar properties can you build/develop without one? Did YOU pay cash for your own home? Or does a bank hold the paper?
If you have a mortgage, then the banks OWNS YOU! Right?
“Is it not Trump’s responsibility to repay his companies’ loans?”
Most real estate loans like this are non-recourse. So at the end of the day, no.
I have a Car Loan from a bank, am I owned by the Bank, do they bankroll my political activities?
“His company has loans from banks. Difference between business loans and personal loans.”
____________________________________
...which is?
Trump didn’t fail to report his business loans to the FEC. Trump is not personally responsible for those loans, his company is. You must not know how an Inc. or LLC are setup and why.
“His company has loans from banks. Difference between business loans and personal loans.”
Not really. I own a business, an S Corp. I have to personally guarantee any loan, credit card application, checking account, or any other transaction with a bank.
If he is an officer of the company then he has personal responsibility.
Is it a hundred million dollar car?
Look at the list of Banks that have contributed to Cruz’s campaign. Big Fing difference.
“since Trump has the gall to attack the relative pauper Cruz for HIS loans, which have been or will be repaid in full.”
Are you saying Trump attacked Cruz for his loans? That’s a lie. Trump pointed out (that’s “attack” in Cruzword) that Cruz did not disclose a loan properly.
Big difference but you probably knew that already.
Possibly, but there is NOT a difference when the person in question owns funds or stock in those same banks.
“Eight of the Republican presidential hopefuls, Trump, Cruz, Ben Carson, Jeb Bush, John Kasich, Carly Fiorina, Chris Christie, and Jim Gilmore said in financial disclosures that were largely filed between June and August last year that they had owned Goldman funds or Goldman stock, and in some cases both. The disclosures mostly cover the period from the beginning of 2014 to the middle of last year.â€
Everyone who has purchased a mortgage is “indebted” to the banks. It is a business transaction. You pay the mortgage and you are no longer in debt.
I’m Hillary Clinton, and I approve of this message.
Yeah, when Trump puts together deals for buildings the banks talk Politics with him.
Wouldn’t Goldman Sachs be part of many stock portfolios including mutual funds which millions of Americans have?
Yuck, yuck...
Cool, Cruz has people surrounding him that have actually FOUGHT against terrorists like ISIS/Al Qaeda. Who is helping Trump figure out how to "kick ass" against ISIS?
By his juvenile tweets today, I'm thinking it's Mickey Mouse.
“Yeah, when Trump puts together deals for buildings the banks talk Politics with him.”
If they talk politics with Cruz then I’d imagine they are talking politics with Trump.
Or do you think a banker owed a couple hundred million dollars by Trump isn’t interested in Trumps campaign?
I guess by this Insane logic you all are owned by the banks through your mortgage loans.
No, they contributed to Cruz’s campaign, meaning they back his politics. My Mortgage company never asked my political affiliation.
There is a difference between being responsible as a Company Officer and being personally liable for the loan.
Trump is not personally liable for the loan, his company is liable for the loan.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.