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Report: Donald Trump's companies at least $650 million in debt

Rogue Valley

Rogue Valley

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Report: Donald Trump's companies at least $650 million in debt


Trump's Empire: A Maze of Debts and Opaque Ties


August 20, 2016

Donald Trump’s properties are indebted to a number of large financial institutions, including some that he’s repeatedly maligned on the campaign trail, according to a new report by the New York Times. The newspaper found that holdings by Trump have debt amounting to at least $650 million -- a far cry from the amount ($315 million) filed on the personal financial disclosure forms he gave to the Federal Election Commission (FEC).
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The snake-oil salesman himself said it best -- “Nobody knows debt better than me.” (22 June 2016)
 
Back in June, a former Trump advisor started a controversy by telling Politico in an interview, unprompted, how Trump would drop out of the race if someone paid him $150 million. In light of this topic, I find it quite plausible that his entire presidential bid is an attempt to make a quick buck bolster his financial situation, whatever it might be.
 
Trump will have plenty of time to straighten out his massive mess after November because he won't be in the White House.
 
RBIII said:
But what about assets? Most big businesses have large debt.
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What about assets? Effectively he licenses his name to buildings, but the actual ownership (and usually risk) lies with investors, not him directly.
 
Simpleχity;1066226261 said:
Report: Donald Trump's companies at least $650 million in debt


Trump's Empire: A Maze of Debts and Opaque Ties




The snake-oil salesman himself said it best -- “Nobody knows debt better than me.” (22 June 2016)
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So the total frauds at the NY Times think they can do some research, and puke some gotcha headlines based on absolutely no qualifiers other than "trust us".

I'm not sure what is more laughable, the fact they think they can get away with such an absurd effort, or that they know their minions will buy it.

The MSM is nothing but a fraudulent, propaganda piece for the gullible on the left.
 
ocean515 said:
So the total frauds at the NY Times think they can do some research, and puke some gotcha headlines based on absolutely no qualifiers other than "trust us".

I'm not sure what is more laughable, the fact they think they can get away with such an absurd effort, or that they know their minions will buy it.

The MSM is nothing but a fraudulent, propaganda piece for the gullible on the left.
Click to expand...
As bad as I think Fox News was, they were never as bad as the MSM is right now.
 
ocean515 said:
The MSM is nothing but a fraudulent, propaganda piece for the gullible on the left.
Click to expand...
Nothing of substance to rebut the NY Times article? Didn't think so.
 
ocean515 said:
So the total frauds at the NY Times think they can do some research, and puke some gotcha headlines based on absolutely no qualifiers other than "trust us".

I'm not sure what is more laughable, the fact they think they can get away with such an absurd effort, or that they know their minions will buy it.

The MSM is nothing but a fraudulent, propaganda piece for the gullible on the left.
Click to expand...

Wow.

Trump refuses to release his tax returns, and has worked tirelessly to make sure you are unable to quantify his wealth or his claim that he is a successful businessman, and your distrust lies with the NY Times.

Just...wow.

Just once, can a Trump supporter think critically about their hero?
 
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ocean515 said:
So the total frauds at the NY Times think they can do some research, and puke some gotcha headlines based on absolutely no qualifiers other than "trust us".

I'm not sure what is more laughable, the fact they think they can get away with such an absurd effort, or that they know their minions will buy it.

The MSM is nothing but a fraudulent, propaganda piece for the gullible on the left.
Click to expand...
More of the typical partisan hackery still entirely devoid of substance or proof. Gee what a surprise or perhaps, par for the course is better...
 
Simpleχity;1066226444 said:
Nothing of substance to rebut the NY Times article? Didn't think so.
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Is that really necessary? I mean substance...
 
reinoe said:
As bad as I think Fox News was, they were never as bad as the MSM is right now.
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Agreed. The programing on the Fox News channel makes it pretty clear what audience they are trying to attract.

On the other hand, the MSM, comprising print, broadcast, cable, and internet sites, is operating on a level of fraud, deceit, and outright lying, that makes the yellow journalism of William Randolph Hearst look like a pillar of virtue.

The NY Times egages a firm to search public information? How accurate is that information? How up to date?

The slow suicide of the NY Times couldn't happen fast enough, nor be more deserved.

Voters deserve better.
 
Cardinal said:
Wow.

Trump refuses to release his tax returns, and has worked tirelessly to make sure you are unable to quantify his wealth or his claim that he is a successful businessman, and your distrust lies with the NY Times.

Just...wow.

Just once, can a Trump supporter think critically about their hero?
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Or even just think...
 
Cardinal said:
Wow.

Trump refuses to release his tax returns, and has worked tirelessly to make sure you are unable to quantify his wealth or his claim that he is a successful businessman, and your distrust lies with the NY Times.

Just...wow.

Just once, can a Trump supporter think critically about their hero?
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Just once, can a anti-Trump liberal shake free of the propaganda mills that should be an embarrassment to admit connection to?

I know your meme about "working tirelessly" is the rally cry of the herd, but get real, public records were the basis for the NY Times to spew this garbage?

It really isn't necessary to confirm how uninformed on issues regarding business, income, and wealth liberals in general are, but thinking this absurd hit piece from the Hillary for President division has any merit has confirmed it for the ages.
 
ocean515 said:
Just once, can a anti-Trump liberal shake free of the propaganda mills that should be an embarrassment to admit connection to?

I know your meme about "working tirelessly" is the rally cry of the herd, but get real, public records were the basis for the NY Times to spew this garbage?

It really isn't necessary to confirm how uninformed on issues regarding business, income, and wealth liberals in general are, but thinking this absurd hit piece from the Hillary for President division has any merit has confirmed it for the ages.
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To the bolded:

Really?

I'd like to see your cites on this.

Here's mine:

Heritage Foundation: Democrats wake up to being the party of the rich

Real Clear Politics: Who Really Cares?
 
Chomsky said:
To the bolded:

Really?

I'd like to see your cites on this.

Here's mine:

Heritage Foundation: Democrats wake up to being the party of the rich

Real Clear Politics: Who Really Cares?
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What "cites" would be necessary chomsky? No accurate estimate can be made by reviewing public records. Have you ever been involved with public record searches? Have you ever read the information that are contained in public records?

Public records can be completely unreflective of the current status of anything. Try telling the IRS to check public records if they want to audit you.
 
reinoe said:
As bad as I think Fox News was, they were never as bad as the MSM is right now.
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Fox isn't 'mainstream media'?
What qualifies a media outlet as mainstream
 
The thing about valuations like this is that it is all speculation. What we do know, is that Trump loves to put debt on his buildings like no tomorrow. So arguably his real debt would be closer to the value of the buildings that he owns fully. That is of course under the condition that Trump has not changed spots since his 4 bankruptcies and dozens of failed businesses.... some how doubt it.
 
Manc Skipper said:
What about assets? Effectively he licenses his name to buildings, but the actual ownership (and usually risk) lies with investors, not him directly.
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Being paid for his license to use his name is not an asset? What school did you learn that from.
 
Simpleχity;1066226261 said:
Report: Donald Trump's companies at least $650 million in debt


Trump's Empire: A Maze of Debts and Opaque Ties




The snake-oil salesman himself said it best -- “Nobody knows debt better than me.” (22 June 2016)
Click to expand...

All the jealous lifties crying about Trump's wealth. Let's see our national debt is 20 trillion and Obama raised that debt by borrowing 10 trillion all by himself. And what did we get to show for it. Nothing. Now compare that to Trump that knows how to leverage debt to increase his wealth. Huge difference

And he is right, "nobody knows debt better than he" he knows how to leverage debt to gain wealth.
 
Manc Skipper said:
What about assets? Effectively he licenses his name to buildings, but the actual ownership (and usually risk) lies with investors, not him directly.
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And this thread is not about him directly.

It says Trump's companies.

Do you know how corporations work?
 
PeteEU said:
The thing about valuations like this is that it is all speculation. What we do know, is that Trump loves to put debt on his buildings like no tomorrow. So arguably his real debt would be closer to the value of the buildings that he owns fully. That is of course under the condition that Trump has not changed spots since his 4 bankruptcies and dozens of failed businesses.... some how doubt it.
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The smartest thing in the world is to have debt on real property.

That way if the property is sued, or the owner, the lien would have to be paid off first.

Most people do this.

Also the interest on the loan is tax deductible.

There are many reasons to have debt on real property.
 
Simpleχity;1066226444 said:
Nothing of substance to rebut the NY Times article? Didn't think so.
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Nothing to rebut. Trump buys or constructs businesses and buildings. Smart money uses leveraged money to increase the profit potential.

I suspect the 650 million is probably low.
 
Mason66 said:
The smartest thing in the world is to have debt on real property.

That way if the property is sued, or the owner, the lien would have to be paid off first.

Most people do this.

Also the interest on the loan is tax deductible.

There are many reasons to have debt on real property.
Click to expand...

The percentage of homeowners who actually own their home outright is very small.

All this shows is the lack of economic understanding of the typical liberal.
 
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