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Trump Sold $35 Million Of Real Estate In 2018

Somerville

Somerville

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Much of the $35 million profit came from one sale that fell under the auspices of HUD. Can you say "conflict of interests"?

Trump Sold $35 Million Of Real Estate In 2018

Donald Trump sold an estimated $35 million worth of real estate while serving in the White House last year, according to a Forbes analysis of local property records and federal filings. Although the president delegated day-to-day management of his assets to his sons Eric and Don Jr. upon taking office, he maintained ownership of his business, which continued to liquidate properties.

More than half of that $35 million came from a single deal, in which Trump and business partners offloaded a federally subsidized housing complex in Brooklyn for about $900 million. The president held a 4% stake in the property, according to his personal financial disclosure report. After subtracting roughly $370 million in debt, Forbes estimates Trump walked away with $20 million or so before taxes. The deal required approval from officials inside the Department of Housing & Urban Development, which rolls up to Donald Trump.
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Then there is this bit of news, similar to the ways Russians have bought Trump properties in Miami and Palm Beach.
In Las Vegas, the president sold 36 units for $11 million inside his 64-story tower, which he owns in a 50-50 partnership with casino tycoon Phil Ruffin, according to an analysis of the latest public records. Trump’s cut of those deals amounted to an estimated $5.5 million before taxes. One-third of the Las Vegas condo customers purchased their units through limited liability companies, a move that allows buyers to shield their true identities.

In other words, people were pumping cash into the president’s coffers without disclosing who they were.
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Good for him. He liqudated assetts to keep up his cash balance.
 
I'm thinking this is the least of Trump's problems, right now.....
 
OMG... panic!!! (We have far more important things to talk about, like the partial shutdown... or, Russia.)
 
Tom Horn said:
Good for him. He liqudated (sic) assetts (sic) to keep up his cash balance.
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Of course, you ignore the corrupt implications of selling assets to unknown people. They could be Russian oligarchs -- which would be another violation of the emolument clause of the constitution but IOKIYAR.
 
Somerville said:
Much of the $35 million profit came from one sale that fell under the auspices of HUD. Can you say "conflict of interests"?



Then there is this bit of news, similar to the ways Russians have bought Trump properties in Miami and Palm Beach.
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fascinating
 
They wouldn't let Jimmy Carter own a peanut farm.

Right wingers will excuse anything.
 
Deuce said:
They wouldn't let Jimmy Carter own a peanut farm.

Right wingers will excuse anything.
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Carter wasn't a good cult leader.
 
We also have this little bit news

Shutdown Shutters Many D.C. Tourist Attractions — But Not The One In Trump's Hotel

One of the very few government-owned tourist attractions that's still open is just a few blocks away, in the clock tower of the historic, 1899-vintage Old Post Office building. Three park rangers are on duty, guiding visitors up two elevators and onto an observation deck that provide dramatic views of downtown Washington. There's also a historic set of bells that ring regularly.

The Old Post Office is owned by the federal government, which leases the building to the Trump International Hotel, itself operated by President Trump's Trump Organization. And once again, Trump's stake in that hotel is controversial.

A lawsuit making its way through the courts alleges that Trump is violating anti-corruption clauses of the Constitution whenever the hotel does business with foreign and state governments. Lobbyists and political allies frequently hold events at the hotel. And there are questions about whether Trump personally intervened in plans to replace the FBI headquarters, which sits across the street from the hotel, in order to protect his business interests.
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Superfly said:
Damn that pesky Constitution. Always gets in the way.

Too bad people like Trump wipe their ass with it every day, and people like you are OK with it.
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Right. Because free enterprise should never be extended to a president. Cough cough whitewater
 
MTAtech said:
Of course, you ignore the corrupt implications of selling assets to unknown people. They could be Russian oligarchs -- which would be another violation of the emolument clause of the constitution but IOKIYAR.
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He is hands off. He shouldnt have to give a **** if Che himself arrives at his birthday party.
 
Somerville said:
Much of the $35 million profit came from one sale that fell under the auspices of HUD. Can you say "conflict of interests"?



Then there is this bit of news, similar to the ways Russians have bought Trump properties in Miami and Palm Beach.
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Besides the fact that you are saying that Trump did these things without knowing if Trump was even involved in any of the transactions, you slyly imply that that a government agency is colluding with the President without any evidence that Trump is involved with that agency's decisions.

This is worse than fake news...it's dishonest news. Of course, this is par for the course when it comes to the Trump hating media and their useful idiots.
 
Tom Horn said:
Right. Because free enterprise should never be extended to a president. Cough cough whitewater
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Better take something for that cough. Three separate inquiries, two by Republican Ken Starr, found no evidence of criminal wrongdoing. I could almost guarantee that if a Republican could find something on any of the Clintons, they'd prosecute to the hilt.

Just like those damned emails.

:lol:
 
Superfly said:
Better take something for that cough. Three separate inquiries, two by Republican Ken Starr, found no evidence of criminal wrongdoing. I could almost guarantee that if a Republican could find something on any of the Clintons, they'd prosecute to the hilt.

Just like those damned emails.

:lol:
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no one wants to be found with an imprint of an f-string at their autopsy.
 
Tom Horn said:
He is hands off. He shouldnt have to give a **** if Che himself arrives at his birthday party.
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Hands off? :lol:

No. He is certainly not "hands off."

Just because y'all buy his bull**** doesn't mean Mueller does. Tick, tock. :lol:
 
Superfly said:
Hands off? :lol:

No. He is certainly not "hands off."

Just because y'all buy his bull**** doesn't mean Mueller does. Tick, tock. :lol:
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if he wasn’t handsoff, on this 35 million investment, the SEC would hang him by his ballsack
 
Tom Horn said:
He is hands off. He shouldnt have to give a **** if Che himself arrives at his birthday party.
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Hands off, as in he's above the law? I am sure you would have felt the same way if Clinton was elected.
 
MTAtech said:
Hands off, as in he's above the law? I am sure you would have felt the same way if Clinton was elected.
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If Clinton had been elected you’d have 8 dollar gas for the last year. And 28 dollar nat gas.
 
Somerville said:
Much of the $35 million profit came from one sale that fell under the auspices of HUD. Can you say "conflict of interests"?



Then there is this bit of news, similar to the ways Russians have bought Trump properties in Miami and Palm Beach.
Click to expand...

Oh the horror. A company in which President Trump has a 4% interest and in which he has delegated operation responsibility sold the building. And people are buying real estate through LLC's, and still others are buying condo units in condo buildings.

It seems to be getting more and more difficult to come up with a legitimate Trump bad daily story.

The author, Danny Boy, seems to have carved himself out a niche writing Trump bad stories.

"I write about Donald Trump, the people around him, and how they affect business. Before he won the presidency, I covered billionaires, industrial America and sports. My favorite stories focus on the hands-dirty businesses between the coasts that make up the bulk of the U.S. economy yet get relatively little national attention."
 
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