Trump Owes $713 Million in Loans, $2 Billion in Real Estate Debt

[think]

Found on Corrupt.af

A Guide to Donald Trump's Huge Debts—and the Conflicts They Present

RUSS CHOMADEC. 12, 2016 9:21 AM

A Guide to Donald Trump's Huge Debts—and the Conflicts They Present

Donald Trump has announced that on December 15 he will hold a press conference to reveal to the world his plan to address the many conflicts of interest between his vast business empire and his new role as president. Trump has indicated that he will remove himself from the daily "business operations" of the Trump Organization—but not sell off his holdings or create a truly blind trust.

Ethics experts have criticized this approach because Trump would continue to own his properties, benefiting from their success and suffering from their losses. He would know when his policy decisions and actions—or those of others (including corporations and foreign governments)—could affect his assets. Consequently, he would not be separating his presidential decision-making from his own personal financial circumstances. Yet, arguably, the biggest conflicts he faces aren't related to what he owns. Rather, they relate to what he owes.

All of Trump's top properties—including Trump Tower, the Trump National Doral golf course, and his brand new luxury hotel in Washington, DC—are heavily mortgaged. That means Trump maintains critical financial relationships with his creditors. These interactions pose a significant set of potential conflicts because his creditors are large financial institutions (domestic and foreign) with their own interests and policy needs. Each one could be greatly affected by presidential decisions, and Trump certainly has a financial interest in their well-being.

Below is a list of all the financial players that Trump owes money to and how much Trump directly has borrowed from each one. This roster is based on publicly available loan documents. According to his own public disclosure, Trump, as of May, was on the hook for 16 loans worth at least $713 million. This list does not include an estimated $2 billion in debt amassed by real estate partnerships that include Trump. One of those loans is a $950 million deal that was cobbled together by Goldman Sachs and the state-owned Bank of China—an arrangement that ethics experts believe violates the Constitution's emolument clause, which prohibits foreign governments from providing financial benefits to federal officials....

Read more:
http://www.motherjones.com/politics/2016/12/guide-donald-trump-debt

[lagomorph777]

1. Holy moly well done!

This is stunning work.

[lostnfound]

2. Guess we know the price of selling our ones country to the Russians

Nt

[LenaBaby61]

5. Guess we know the price of selling our ones country to the Russians.

I wonder IF the name of one of our national parks that tRump intends to sell off as part of payment will be named in honor of:

Vladimir National Park, Lenin National Park?

OR, re-named in favor of tRump's bestie's daughter-- Yekaterina National Park.

[lpbk2713]

3. Press conference? Trump?

I can't see him doing that. Maybe a Q&A session on Twitter
but not a real live press conference with actual journalists.

[Angry Dragon]

8. If he had a press conference it would be HUGE

[MFM008]

4. Those tax returns

Are going to leak out......

[George II]

6. That $950M Bank of China / Goldman Sachs deal was revealed this summer, I'm surprised....

...a bigger thing wasn't made of it back then.

[dixiegrrrrl]

9. Deutsche Bank is having serious financial problems

I am sure they could use that 350 million bucks Trump owes them.
But...I read Taibbi on how Trump works:
his pattern of payment has been to go bankrupt on a holding, and use that money ( yes, he makes $$$ from bankruptcies, as do vulture funds)
he uses that money to pay the monthly nut on other holdings, until another one is too far gone to hold onto, then sells it off in a fire sale, etc.
So he basically uses his name as collateral for loans, lives off the loans .

If this were not the case, he would have no problem making his holdings public.
but if a public view would show his name has much less value than he says it does......well, you can see the problem.

[yallerdawg]

7. But...

if he announced his obligations preclude any possibility of serving as - you know what - then he could leverage this experience of the last few years to make a fortune for his family!

He really was as surprised as we were that he "won."

[Tikki]

10. In one fell scoop...a treasury...

Tikki

[MrScorpio]

11. Amazing.

[Vinca]

12. Not to worry. He's got a new ATM: American Taxpayer Money.

[NBachers]

13. As the formerly great United States of America sinks deeper into the Quagmire.

[Jacob Boehme]

14. The entire country is beginning to realize....

...that Trump is broken down on the corner of “Ignorance” and "Arrogance”.

[keithbvadu2]

15. Trump is arranging a second mortgage.

Trump is arranging a second mortgage.

[NightWatcher]

16. And Obama had student loans, so it's the same thing

Where's my news show?

[mtngirl47]

17. the Deutsche Bank debt will be an immediate conflict of interest

Deutsche is negotiating a $14B fine with the Justice Department. They can't afford it and are hoping for a reduction to as low as $5B.

Donald will be able to make the fine go away for some kind of quid pro quo on his debt.

[DAMANgoldberg]

18. "Everyone has a price"

That is a quote from, among others, the famous old wrestler, Ted Dibiase. Since it's obvious that he doesn't really want to do the presidency and if what has been reported as debt is in the ballpark, I'm sure that his asking price of complete debt elimination plus $1B for his kids may get him to either not be inaugurated, or resign at 12:01p EST on 01/20/2017.

About $4B should do it. I'm sure the CIA can find that money in their change drawers.

[niyad]

19. as bad as we thought.

[azureblue]

20. and Trump thinks

he can use the Presidency to pay off his debts.....

[Spitfire of ATJ]

21. I expect him to attack everyone he owes.

[Beartracks]

22. But... But... Trump's a rich, excellent, self-made.....

.... smart, uh.... Wait, wtf, he owes how much??!!

Wow, just think: if he makes America great like he himself is, uh, great, then that means, uh, that we're hoping to, uh... I mean...... Damn. What it REALLY means is that a bunch of Americans should've paying a helluva lot closer attention before they voted!

================

[BSdetect]

23. He simply wants to raid the country's cash by using bankruptcy, loan defaults,

demanding changes to interest rates, lowering the dollar's value or whatever it takes to clear his debts and add to his fortune.

He's started well by stiffing the GOP for rent in Trump Tower etc

Its all he will be doing.