Grasping at straws...this is pathetic..lol
Anyone who does not see the difference between a business loan and an unsecured loan to support a campaign is an idiot.
Go Trump!
Go Cruz!
Trump supporters won’t care.
Are Trump’s loans business loans or personal loans for political purposes? Securing these loans usually entails different assets......
Me Too Teddy strikes again!!
W A N K E R !
Of course he owe money.
He’s got his neck on the line every day.
What business guy doesn’t?
Where do you go to get hundred million dollar loans, Aunt Mable?
God you guys are slow.
BIG difference here. Cruz is a nobody, with no assets. When Goldman Sachs lends him money, it is to but the only asset he can offer: INFLUENCE. When they lend money to Trump, it is for some of the most luxurious residential and commerical spaces in the world. They want to make money. And they sure do. Trump Tower makes more in one year of rents than it cost Trump for the entire building. Cruz may have memorized the constitution, but he is an infant when it comes to the real world.
When you owe the bank millions, they own you.
When you owe the bank billions, you own them.
That being said, collateralized loans and personal loans (none of the latter Trump is likely to have) are two wildly different things.
Ted Cruz’s accusations demonstrate the reason why he is unfit to manage the economy, because his accusations are a false comparison. His own financial position is not backed by the assets necessary to service the campaign loans except by political favors, whereas Donald C. Trump’s business loans are not for his political campaign but are instead used to service and are backed by some of the most valuable real estate developments in the world. Consequently, Ted Cruz’s accusations about the financial loans for Trump’s business activities reveals a person who chooses to make a dishonest comparison about the character of the loans or is too ignorant to know any better, which in either case would make Ted Cruz appear to be a person too spoiled by the patronage of government employment and/or ignorant about the world of business finance to be qualified for the management of the nation’s economic recovery.
Oh come on, I cannot belive Cruz is this stupid! I can believe he is this desperate to win the big prize he has deluded himself into thinking he is destined for, however.
Let’s just put it in simple terms that even Cruzinistas can understand. Let’s say a person has an income of $100,000 per year and buys a car that costs $20,000. That means the person owes the bank 20% of his annual income.
Trump Enterprises has annual income of about $9.5 billion. And while business and personal finance is obviously different, having the same amount of debt would mean the company owes the banks around $2 billion at any point in time. These loans can be for lots of purposes, working capital, to offset other investments, -advances on construction of new properties that aren’t yet paying back a return, etc. Any intelligent person knows how this works, and all businesses operate with some debt because they seldom get paid (income) before some product or service has to be produced.
So either Cruz knows this and is purposely lying (again) or being deceptive (again) or he’s clueless about finance, in which case he doens’t belong in the Senate, much less in the the White House.
Duh - its called a mortgage so I guess every home owner is guilty too.
“May owe” ..you can’t stop what’s coming ...sit back and enjoy the ride on the Trump train ...
MICHAEL VAN DER GALIEN may have molested children.
Whenever you see the phrase “May Have” stop right there
The debt Trump has is collateralized SECURED loans, assumed for real estate projects ... They equal about 1 percent of his assets. This is a non-story. A red herring that has been raised several times previous and dispelled for the bogus garbage that it is.
Yup, old Trump was all in favor of the bank bailouts and Obama’s phony stimulus program.
Yet the cultists just keep on cultying.........
He owes millions, if not billions and you want him running our economy?
Yet more financial illiteracy on display. Laughable.
But keep believing Ted is a conservative who has the country's best interest at heart.
What do you call the most interesting person in Ontario?
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An American.
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