2016 Postmortem
Related: About this forumNYT: In Maze of Trump’s Empire, Unknown Ties and $650 Million in Debt
But an investigation by The New York Times into the financial maze of Mr. Trumps 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 Timess inquiry also found that Mr. Trumps fortunes depend deeply on a wide array of financial backers, including one he has cited in attacks during his campaign.
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Real estate projects often involve complex ownership and mortgage structures. And given Mr. Trumps 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.
As president, Mr. Trump would have substantial sway over monetary and tax policy, as well as the power to make appointments that would directly affect his own financial empire. He would also wield influence over legislative issues that could have a significant impact on his net worth, and would have official dealings with countries in which he has business interests.
http://www.nytimes.com/2016/08/21/us/politics/donald-trump-debt.html
Was about to post on LBN when I got a NYT banner for it but I think this is more analysis. It definitely should be no surprise. That obscene amount of debt from the "I love debt" master, is obviously something that might prompt one to look "east" (and not China) for salvation.
treestar
(82,383 posts)There's got to be a mess of stuff there.
an economic shit hole
PatSeg
(47,586 posts)AND it isn't any kind of secret either. Journalists don't have to do a lot of digging to see what kind of businessman Trump is. Most of it is public knowledge. They could do an expose-a-day until November and there would probably still be some left over.
Not only is Trump a greedy, dishonest businessman, he a really BAD businessman.
Bernardo de La Paz
(49,036 posts)kennetha
(3,666 posts)Television news isn't really need anymore. Barely more serious than the tabloids.
BumRushDaShow
(129,449 posts)now that their nominee is finally being vetted. And "early" meaning not to give us a damn fiscal year 2017 appropriation, but to get those "perjury hearings" against Hillary up and running as fast as they can... and to hell with the government shutting down.
HipChick
(25,485 posts)He can't help himself...
BumRushDaShow
(129,449 posts)Elizabeth Warren has continually trolled him with with her tweets because he is guaranteed to react instinctively without thinking.
HipChick
(25,485 posts)BumRushDaShow
(129,449 posts)and other outlets are probably out there digging. They have just a couple months left of reporting leading up to the election and there certainly is PLENTY of material out there for them to discover and comb through (that they ignored up until this point). If anything, he has always been a braggart about how "crooked" he is but managed to get away with it because he is some sort of YUUUUGGGGE master of anything "business-related". He has left behind a long trail of destruction in whatever he touched.
Doodley
(9,124 posts)still believe Trump is a business genius and is therefore an economic expert.
BumRushDaShow
(129,449 posts)all through the Amish community here in PA with this sort of nonsense -
workinclasszero
(28,270 posts)I think I'm going to be ill.
Damn
BumRushDaShow
(129,449 posts)even willing to vote (I grew up here in PA learning that they generally did not participate in elections or government).
Interesting article -
Will the Amish turn out for Trump? Dont bet the farm.
TeamPooka
(24,254 posts)workinclasszero
(28,270 posts)spooky3
(34,476 posts)To many plain folk riding in their buggies to their jobs in the federal govt (NOT)?
Sure would like to know if it's the Kochs or someone else providing the $ for this one.
BumRushDaShow
(129,449 posts)They have billboards up as well -
A number of them come into Philly (hopping a ride with Mennonites) to sell goods at Philly's Reading Terminal, so I am sure they hear "the other side" of Trump's trumped-up story -
spooky3
(34,476 posts)Amish and Mennonite values, so this PAC is disgusting.
BumRushDaShow
(129,449 posts)A fraud!
whistler162
(11,155 posts)Dustlawyer
(10,497 posts)TPTB usually prefer to have a front man do their bidding. Donald will be selling influence like crazy! Good for us that he will lose!
Cryptoad
(8,254 posts)u best get ur money up front!
SunSeeker
(51,698 posts)Yo_Mama_Been_Loggin
(108,192 posts)WaltonH
(6 posts)I mean, the Don has gone bankrupt numerous times, but I never expected his debt to be that immense. But who cares, Trump and his businesses are all built on a bunch of lies and bullshit. Let's hope that when he loses by a landslide in November, that he disappears from the media spotlight.
uppityperson
(115,679 posts)BumRushDaShow
(129,449 posts)There are a number of us who believe that he is setting up to start his own media company (with the hiring of Bannon from Breitbart) and with Ailes (now out from Fox) creeping around in the background as an "advisor".
http://www.newyorker.com/news/john-cassidy/what-are-donald-trump-roger-ailes-and-steve-bannon-really-up-to
When Ailes left, there were stipulations in Hannity's, Van Susteren's, and O'Reilly's contracts that they could exit with him.
NastyRiffraff
(12,448 posts)And Republicans in Congress are so busy diving into the splinter in the eye of Hillary's emails they're ignoring the moat of Trump's Russian connections, massive debt and multiple bankruptcies.
If that were Hillary they'd be all over it. So don't EVER tell me that they don't agree with Trump when he spouts his racist, misogynist and xenophobic shit. He is theirs, and they're supporting him and EVERYTHING he stands for.
BumRushDaShow
(129,449 posts)And we need to make sure that down-ballot, any of them who are running, like Toomey here in PA, is velcroed to him.