Politics, news & academia

Trump's Holidings Investgation Reveals Huge Debt

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luis-harrisHost

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A New York Times investigation published on Saturday reveals that U.S.-based real estate companies owned by Trump are at least $650 million in debt. Only half this amount was disclosed in the public F.E.C. filings Trump completed in order to run for president.
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OMG, a Real Estate Development Company that borrows money, who ever heard of such a thing! More pablum for the financially illiterate mental midgets. Ever hear of a company called Facebook? Right now their current total debt is $5.19 Billion.
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How about the $20 trillion US debt which Obama gave to the US.
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Obummer racked up $10 trillion of debt, nothing to show for it and handed us the bill. Trump has more than enough to cover the bill and still be wealthy.
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And Clinton runs a money laundering operation. Tell me again about honest"journalism".
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Any business has debt, the amount seems high but to someone like Trump who handles Billions, this amount isn't such an issue. What a silly article, seems you are grabbing at straws.
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The Government has another $200 Trillion in unfunded liabilities debt than it will admit...are we ever going to talk about that?
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A New York Times investigation into Republican presidential nominee Donald Trump's US real-estate holdings revealed that companies he owns have at least $650 million in debt — twice the amount that Trump's public filings, made as part of his campaign, show.
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The debt is huge but in comparison to what Hilary and her husband are doing it just shows neither candidate is good with money.
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The debt is huge but in comparison to what Hilary and her husband are doing it just shows neither candidate is good with money.
I beg to differ I think the Clintons are very good with money. They take it in and they don't give it out to anyone. They will never go into debt because they keep most of the funds they receive.
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A significant chunk of his wealth is also beholden to three passive partnerships that owe a further $2bn in debt to a group of lenders, such as the ones who own the Sixth Avenue office building. If the loans were to default, the value of his investments would plummet, even if he were not held personally liable.
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While the full terms of Trump's partnerships remain unknown, loans connected with them reach $1.95 billion, according to various public documents cited by The Times. The Trump Organization's chief financial officer Allen Weisselberg, however, told The Times that neither Trump nor the company was responsible for these debts.
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Much of Trump's increased debt was due to an additional $170 million he borrowed to renovate an old post office building in Washington, converting it into a luxury hotel. The project, just blocks from the White House, was started in 2013, and is due to open this September.
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Real estate projects often involve complex ownership and mortgage structures. And given Mr. Trump’s long real estate career in the United States and abroad, as well as his claim that his personal wealth exceeds $10 billion, it is safe to say that no previous major party presidential nominee has had finances nearly as complicated.
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But an investigation by The New York Times into the financial maze of Trump's real estate holdings in the United States reveals that companies he owns have at least $US650 million ($852.3 million) in debt, twice the amount that can be gleaned from public filings he has made as part of his bid for the White House.
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I would still rather have him running the country than Hillary.
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But an investigation by The New York Times into the financial maze of Mr. Trump’s real estate holdings in the United States reveals that companies he owns have at least $650 million in debt — twice the amount than can be gleaned from public filings he has made as part of his bid for the White House. The Times’s inquiry also found that Mr. Trump’s fortunes depend deeply on a wide array of financial backers, including one he has cited in attacks during his campaign.
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His companies are at least $650m in debt, an investigation has found – with Goldman Sachs and the Bank of China, both of which he has hit out at during his campaign – among the firms owed money.

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This was a set up from the beginning. I don't care because at least he is not spending tax dollars to run for president he is going in the hole to make a difference.
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Beyond finding that companies owned by Mr. Trump had debts of at least $650 million, The Times discovered that a substantial portion of his wealth is tied up in three passive partnerships that owe an additional $2 billion to a string of lenders, including those that hold the loan on the Avenue of the Americas building. If those loans were to go into default, Mr. Trump would not be held liable, the Trump Organization said. The value of his investments, however, would certainly sink.
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