Donald Trump reportedly owes tens of millions to the Bank of China

[FM123]

(The Guardian) Donald Trump is reported to owe tens of millions of dollars to China, through a real estate debt which falls due in 2022, offering “astonishing leverage” to Beijing.

The debt derives from a 30% share the US president owns in a billion-dollar building on the Avenue of the Americas in Manhattan, which was refinanced in 2012, with $211m of the funding coming from the state-owned Bank of China, Politico reported on Friday.

The Chinese debt complicates Trump’s emerging election strategy of portraying his Democratic opponent, Joe Biden, as being soft on China. In a briefing on Saturday, Trump said that “China will own the United States” if Biden was elected in November.

snip

“I study Beijing’s influence on America, and this is the most problematic conflict of interest I’ve seen,” Isaac Stone Fish, a senior fellow at the Asia Society, wrote on Twitter. “The Bank of China is a state-owned bank, controlled by China’s State Council, the country’s major administrative body, chaired by the Premier Li Keqiang.

“The leverage this presents is astonishing. What if the Bank of China cancels the loan, or requires Trump to pay it back earlier?” Fish asked. “Is this why Trump often praises Chinese Chairman Xi Jinping? Does this cause him to temper his policies or his public remarks? This raises so many questions.”

Read More: https://www.theguardian.com/us-news/2020/apr/24/donald-trump-bank-of-china-debt-report

[Faux pas]

1. Is

there a country that he doesn't owe something?

[TreasonousBastard]

2. Step right up. Getcher emoluments right here! Really, though, I doubt China would be dumb enough...

to gamble a coupla hundred million foreclosing on Trump while he's in office. The ensuing mess couldn't possibly be good for them. Or anyone else.

The day after he's out of office, though...

[leanforward]

3. This news has escaped me until now

The paruskies back his Deutsche bank loans. Now, the Chinese own part of his real estate.
He is compromised.

[uponit7771]

4. Wouldn't shock anyone

[brush]

5. The walls are closing in on the fat dumb ass. Pretty sure he owes some Russian...

oligarchs too, maybe some Saudis. Things aren't looking good. He's desperate for a cure for the virus or he'll lose in November and then have to cough up all his holdings to foreclosures and totally ridicule. Hell, he might even opt for going to jail instead of the plutonium poison the Russkies prefer to use.

Whatever the future holds for him, it ain't very bright for anyone with the name trump.

Ya hear me, princess, Jr., Dim son and wife, and Melanoma. The only ones spared will be Tiffany who has enough sense to stay away, and the young son.

[UTUSN]

6. K&R

[GeorgeGist]

7. Chump change ...

for a BILLIONAIRE.

[Glimmer of Hope]

8. Of course. Ugh.

[crickets]

9. Completely unqualified *and* compromised at least twice over. Great. nt

[Hekate]

10. China owns his soul. Russia owns his soul. Deutsche Bank owns his soul. Sounds like Voldemort's ...

... Horcruxes at work.

[Yo_Mama_Been_Loggin]

11. K&R

[Gothmog]

12. Senator Duckworth is calling for investigation

Link to tweet

[FM123]

13. Yes! Way to go Senator Duckworth!

[Windy City Charlie]

14. That's why

That's why he doesn't want his taxes released. He's got the Trumpers believing he's a successful billionaire businessman. When in reality, I think he's broke.