HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Donald Trump's Latest Fin...

Thu May 16, 2019, 03:06 PM

Donald Trump's Latest Financial Disclosure Was Just Released

President Donald Trumpís latest personal financial disclosure was just released, showing that Trump, who already owed more money than any other president in history, borrowed millions more in 2018.

According to the disclosure, Trump borrowed between $5 million and $25 million from Professional Bank, a small Florida outfit that specializes in construction and real estate loans. He borrowed the money at 4.5 percent interest through a limited liability company called 1125 South Ocean LLC. The loan was used to finance the purchase of 1125 South Ocean Avenue, a mansion located next door to Trumpís Mar-a-Lago club and owned by the presidentís sister, Maryanne Trump Barry. Last year, Palm Beach-area newspapers reported that Trumpís sons, Donald Jr. and Eric, had purchased Barryís property for $18.5 million. But Trumpís financial disclosure indicates that in fact he controls the company behind the transaction. Though assets and liabilities are reported in ranges on financial disclosure forms, land records show that the value of Trumpís newest loan $11.2 million.

https://www.motherjones.com/politics/2019/05/donald-trumps-latest-financial-disclosure-was-just-released/

18 replies, 1314 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread

Response to Arkansas Granny (Original post)

Thu May 16, 2019, 03:13 PM

1. How could any bank be dumb enough to give him a loan?

Do they not remember what happened in 2008? I suspect Professional Bank will soon be operating under the auspices of the federal government, whereupon, the Rump can alter his interest payments. Maybe 50 years at 0% interest? Even then he will still be up shit creek.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ProudLib72 (Reply #1)

Thu May 16, 2019, 05:41 PM

7. Gee, it almost sounds like the bank could be expecting some kind of quid pro quo.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TheBlackAdder (Reply #7)

Thu May 16, 2019, 07:27 PM

11. I would guess they are expecting

the title to the property as security for the mortgage loan. That's the way it's normally done.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TheBlackAdder (Reply #7)

Thu May 16, 2019, 08:03 PM

12. He lost over $1 billion in the last few years.

You would think the loan officer would check into things like that. Risk assessment...

I really don't know how big the risk is if they hold the title. Maybe bazillion dollar mansions sell easily. I don't know. But the Rump has made a habit of buying high and selling low in the past. Everything he touches turns to shit. I wouldn't touch him with a barge pole.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ProudLib72 (Reply #12)

Thu May 16, 2019, 08:55 PM

17. I'm sure they did, and it was overridden at a higher level.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ProudLib72 (Reply #1)

Thu May 16, 2019, 07:26 PM

10. Maybe the same way they loan money to

other house purchasers? They probably have title to the house as security. It's called a mortgage for folks like us.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ProudLib72 (Reply #1)

Thu May 16, 2019, 08:20 PM

14. The bank launders drug money?????? nt

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Hotler (Reply #14)

Thu May 16, 2019, 09:15 PM

18. Now that I believe. Let's print it!

A lot of good it would do anyway.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ProudLib72 (Reply #1)

Thu May 16, 2019, 08:24 PM

15. I suspect "Professional Bank" is actually Sergei's Bank D/B/A

Professional Bank. Has anyone actually heard of Professional Bank before now?

No reputable bank will give him a loan. This stinks to high hell.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Arkansas Granny (Original post)

Thu May 16, 2019, 04:01 PM

2. where is Professional Bank getting its money?

Mob?

Russia?

Russian mob?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Grasswire2 (Reply #2)

Thu May 16, 2019, 04:37 PM

4. Does "Professional Bank" as a name even make sense?

It doesnít sound like it was named by anyone who speaks English as a first language, thatís for sure.

In other words, I would not be surprised at all if you were correct.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to renate (Reply #4)

Thu May 16, 2019, 08:25 PM

16. Exactly! It sounds like something a Russian mobster would come up with

to sound like a legitimate front. I'm calling foul.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Arkansas Granny (Original post)

Thu May 16, 2019, 04:31 PM

3. Why, in 2018 while he is pResident, is HE conducting any business at all?

He's supposed to be completely removed from the business dealings of any of his companies.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Totally Tunsie (Reply #3)

Thu May 16, 2019, 04:57 PM

5. I don't think he does any presidenting at all.

Mitch and Vladimir seem to be calling the shots.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Totally Tunsie (Reply #3)

Thu May 16, 2019, 05:57 PM

8. because he is (apparently) above the law...

....and both Houses of Congress allow it.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Grasswire2 (Reply #8)

Thu May 16, 2019, 06:09 PM

9. And that's a sad state of affairs on its own.

I am so sick of this clown.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Totally Tunsie (Reply #3)

Thu May 16, 2019, 08:05 PM

13. +1, That alone should get him impeached !!!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Arkansas Granny (Original post)

Thu May 16, 2019, 05:20 PM

6. K&R

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread