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Madam45for2923

(7,178 posts)
Fri Nov 4, 2016, 05:22 PM Nov 2016

What We Still Don't Know Ab Donald Trump:A list of mysteries that will not be solved b4 Election Day

What We Still Don't Know About Donald Trump
A list of mysteries that will not be solved before Election Day.

DAVID CORN AND RUSS CHOMA



For the first time in decades, Americans will likely hit the voting booths on Election Day without being able to review the tax returns of one of the major presidential nominees. Though Donald Trump previously vowed to release his taxes—as all top nominees since Richard Nixon have done—he reneged on that promise and for months fiercely refused to make this basic information public, offering shifting excuses. Trump did submit the public financial disclosure form that all federal candidates must fill out, but that does not cover all the fundamentals of his finances. By withholding his tax information, Trump has ensured that the American public cannot see how much income (if any) he pocketed, how much money (if any) he paid in taxes, and how much money (if any) he donated to charities. Without his tax returns, voters are in the dark about important details regarding his sources of income and his debts.

There are many more questions about Trump's finances and business operations that remain as the 2016 presidential campaign slouches toward its end. Trump is the owner of a private business empire with elements that have been structured in Byzantine fashion. He is a proliferate user of shell companies, as many developers are. He has tried to broker deals around the world with assorted financial players with their own agendas. He has taken on hundreds of millions of dollars in debt. There is a great deal publicly unknown about many of his ventures. Much of his deal-making—probably most—is not transparent. He is asking Americans to vote for a man who has not revealed basic information about his wide-ranging endeavors and associations.

Here is a list of Trump mysteries that will not be solved before Election Day.

* His partners: Trump lists about 500 business entities on his financial disclosure form. Many are shell companies, and if any of them have partners, there is no telling with whom Trump is in business. There is also no way to know if this is an accurate list reflecting all his dealings domestically and overseas. (These disclosures are not vetted by forensic accountants.) These entities would allow anyone seeking to gain favor with Trump to funnel investments and money to him and his family without public disclosure. As Newsweek put it, "Any government wanting to seek future influence with President Trump could do so by arranging for a partnership with the Trump Organization, feeding money directly to the family or simply stashing it away inside the company for their use once Trump is out of the White House...The partnerships are struck with some of the more than 500 entities disclosed in Trump's financial disclosure forms; each of those entities has its own records that would have to be revealed for a full accounting of all of Trump's foreign entanglements to be made public." The magazine added, "The dealings of the Trump Organization reach into so many countries that it is impossible to detail all the conflicts they present in a single issue of this magazine."

Trump's personal financial disclosure form hints that he has international business deals in the works that are still under wraps. There are corporations listed that indicate he may be planning hotels (with or without partners) in China and Saudi Arabia—projects which he has not publicly discussed.

* Huge loans from foreign banks: After Trump's near-crash-and-burn bankruptcies of the 1990s, major US banks stopped doing business with him. But foreign banks picked up the slack, most notably the private banking arm of Deutsche Bank, which Trump owes more than $300 million. His cozy relationship with Deutsche Bank has never been explained. A bank spokeswoman would not talk about how it came to be.

Continues...

http://www.motherjones.com/politics/2016/11/what-we-dont-know-about-trump
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