Trump's Hissy-Fit about Jerome Powell & the Fed raising interest rates, explained!

[CousinIT]

As you might have guessed, and as with EVERYTHING else the racketeering crime boss does, it's ALL. ABOUT. HIM.

https://www.bloomberg.com/news/articles/2017-11-02/trump-has-340-million-of-debt-linked-to-powell-s-rate-decisions (there is a goddamned PAY WALL, sorry - but it can all be explained in one or two sentences anyway - see below)

>>>>>>>Trump Has $340 Million of Debt Linked to Powell's Rate Decisions <<<<<<<<

President Donald Trump owes Deutsche Bank AG about $340 million of debt with interest rates that will rise or fall depending on the future policies of Jerome Powell, the new Federal Reserve chair Trump nominated on Thursday.

While many of his Trump Organization’s largest loans have fixed interest rates, others are tied to the prime rate or Libor, the London interbank offered rate. Those borrowing costs fluctuate with the federal funds rate set by the central bank. Higher rates would make Trump’s loans more expensive.

[bitterross]

1. As always, follow the money.

Especially with Trump.

[SharonAnn]

7. When I heard about his hissy fit about the interest rate hike, I figured he had loans tied to the Fe

When I heard about his hissy fit about the interest rate hike, I figured that he had loans tied to the Fed Rate. After all, it's always about "his money".

[Grasswire2]

2. astounding debt

Why doesn't he just pay it off?

What is the advantage in carrying so many loans??

And isn't there speculation that the secret grand jury business that a foreign company has taken to SCOTUS right now is Deutsche Bank?

[tblue37]

3. He can't. He is under water, with more debt than assets. nt

[NCjack]

6. That how 0range45 makes money. He makes other people's money (loans) work

for him. When interest rate goes up, he screams that he is being screwed and refuses to pay. His bond holders are about to be served a cram-down interest payment, i.e., eat short interest payments or suffer a bankruptcy.

[scarletwoman]

4. Excellent find, thank you!

Very astute of Bloomberg to point out that debt hook back when Trump nominated Powell - 11-2-17.

[safeinOhio]

5. That begs the question..

Can a sitting president file for bankruptcy while in office?

[sarcasmo]

8. Grifter was angry because the Federal Reserve cost him money.