Trump: Maze of debt and opaque ties (NY Times)

Sweet Lou 4 2 · Aug 20, 2016

This is down-right shady:

http://www.nytimes.com/2016/08/21/us/politics/donald-trump-debt.html?_r=0

an office building on Avenue of the Americas in Manhattan, of which Mr. Trump is part owner, carries a $950 million loan. Among the lenders: the Bank of China, one of the largest banks in a country that Mr. Trump has railed against as an economic foe of the United States, and Goldman Sachs, a financial institution he has said controls Hillary Clinton, the Democratic nominee, after it paid her $675,000 in speaking fees.
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So much for Trump not being beholden to anyone.

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.

Yet The Times’s examination underscored how much of Mr. Trump’s business remains shrouded in mystery. He has declined to disclose his tax returns or allow an independent valuation of his assets.
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eyond 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.

Mr. Trump has said that if he were elected president, his children would be likely to run his company. Many presidents, to avoid any appearance of a conflict, have placed their holdings in blind trusts, which typically involves selling the original asset, and replacing it with different assets unknown to the seller.

Mr. Trump’s children seem unlikely to pursue that option.
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And in some cases, the identities of his business partners are obscured behind limited liability companies — raising the prospect of a president with unknown business ties
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Anyone who complains about the Clinton Foundation which is transparent about the donations it receives should be 100 times more alarmed by this.

T_Man · Aug 20, 2016

Now we know why Trump doesn't want to release his taxes.

T_Man

Rocket River · Aug 20, 2016

Honestly . . . what bothers me about Trump is I can legitimately see
him sitting down with other world leaders and saying

"Yea. . I know we signed this treaty . . . but I didn't sign it. . . so . .. . this is what we going to change."

"Yea . . well . . I know we made a deal . . . but look . . you could fight this deal in the world court. . . it will take years. . decades. . . long after my presidency . . .. in the meantime you and your people are the one that is gonna be screwed . . .so . . best thing is to take this new deal. "

Rocket River

Deckard · Aug 21, 2016

Donald Trump swims in a soup of lies and corruption.

Cohete Rojo · Aug 21, 2016

Deckard said: ↑

Donald Trump swims in a soup of lies and corruption.
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He also owes people a lot of corn, and his ties are difficult to see through.

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Trump: Maze of debt and opaque ties (NY Times)

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Trump: Maze of debt and opaque ties (NY Times)

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