General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOf course Trump didn't want to shut down travel and tourism to limit Covid
He was personally on the hook for hundreds of millions of dollars worth of loans used to buy real estate and other hard assets in those industries.
BeyondGeography
(39,370 posts)Among his personally guaranteed loans coming due is $100 million on the commercial portion of Trump Tower due in 2022. Commercial real estate in the US is being written down on average 27 percent per yesterdays news. #TrumpIsBroke
https://www.reuters.com/article/us-usa-markets-cmbs/value-of-u-s-commercial-property-slashed-by-27-financial-times-reports-idUSKBN26I0WH
magicarpet
(14,145 posts)This is precisely why presidential office holders MUST DIVEST THEIR PRIVATE HOLDINGS BEFORE ASSUMING OFFICE.
magicarpet
(14,145 posts).... with complete abandonment.
That's why we are mired in this political predicament.
Everyone knew a slowdown in the travel and tourism industries would cause Trump to lose money, but now we know he's hundreds of millions of dollars in debt, we can see how PERSONALLY devastating it would be for him.
So he fought tooth and nail to keep the country open, because of his own PERSONAL interests.
And now 200,000 Americans are dead because of it, with many more deaths to come.
Drahthaardogs
(6,843 posts)Personal gain by lying and keeping the country open