Details about how Trump inflated his net worth to lenders

[MelissaB]

NEW: How did @realDonaldTrump inflate his net worth to lenders? --Added 10 stories to Trump Tower. --Added 800 acres to his winery. --Added 24 ready-to-sell lots to his property in CA. We've got (some of the) inflated docs investigators now want to see.

Link to tweet

How Donald Trump inflated his
net worth to lenders and investors

By David A. Fahrenthold and Jonathan O'Connell

March 28, 2019

When Donald Trump wanted to make a good impression — on a lender, a business partner, or a journalist — he sometimes sent them official-looking documents called “Statements of Financial Condition.”

These documents sometimes ran up to 20 pages. They were full of numbers, laying out Trump’s properties, debts and multibillion-dollar net worth.

But, for someone trying to get a true picture of Trump’s net worth, the documents were deeply flawed. Some simply omitted properties that carried big debts. Some assets were overvalued. And some key numbers were wrong.

For instance, Trump’s financial statement for 2011 said he had 55 home lots to sell at his golf course in Southern California. Those lots would sell for $3 million or more, the statement said.

More: https://www.washingtonpost.com/graphics/2019/politics/trump-statements-of-financial-condition/?noredirect=on&utm_term=.f2da7222f867

The paragraphs are VERY short which is why I included the tweet. It gives more details.

[smirkymonkey]

1. K&R

Such a dirty slimeball!

[jmowreader]

2. This shows you how Hate Beats Logic

A lot of people who voted for Trump own small businesses. (I know, I know...most of the "small businesses" they own are things like Amway and doTerra, but still...) If someone like Trump - bad credit, history of nonpayment, fraudulent financial statements, etc., etc., etc... - were to apply for a job at their companies, none of them would have hired him. Many of them would have called the police and had the guy trespassed. But the same asshole they wouldn't hire to sell lawn mowers for $12 per hour is exactly the guy they want to be their president.

[unblock]

3. We need to stop calling him a liar.

He needs to be called a fraud now.