Simple question about Trump and the money he is setting from Russia

[Botany]

"All the other discussions of Trump's finances aside, his debt load has grown dramatically over the
last year, from $350 million to $630 million. This is in just one year while his liquid assets have also
"decreased. Trump has been blackballed by all major US banks."

http://talkingpointsmemo.com/edblog/trump-putin-yes-it-s-really-a-thing


If Trump is worth $8 billion as he says he is and his businesses are doing so well then why does
he have to borrow so much money from the Russians?

[treestar]

1. Yes and is the media gushing 24/7 about this interesting scandal?

And about how he lies about his businesses and won't release tax returns?

[Botany]

3. Is Trump getting money to keep himself going from the Russian mob and Putin's gang

... who own the oil and natural gas businesses?

[JustAnotherGen]

2. Who knows?

We are talking about a man who won't release his tax returns or provide us with a detailed overview of his actions for the past 45 years. He's not transparent, he's not honest, he's not Presidential.

I do know this - if he is in debt to the Russians for that much - then he can be compromised. This with and obvious hatred for America should terrify everyone.

[DetlefK]

4. To be fair, there are some completely innocent explanations:

Just because somebody is worth X, that doesn't mean that money is available. It's most likely invested in stocks and various possessions like real estate.

So it's entirely possible to be rich but to not have any cash on hand because it's all tied up in investments.

Let's say, Trump needs $100 million for a new business-opportunity but doesn't have that much money on hand. He can either start selling his possessions until he has $100 million available, or he takes a loan of $100 million and uses his possessions as collateral.

[B Calm]

5. He owes more money than what he's worth. Trump is broke.

[Botany]

6. + 1

n/t

[Haveadream]

7. US banks have not wanted to deal with Trump for years

All the other discussions of Trump's finances aside, his debt load has grown dramatically over the last year, from $350 million to $630 million. This is in just one year while his liquid assets have also decreased. Trump has been blackballed by all major US banks.

Post-bankruptcy Trump has been highly reliant on money from Russia, most of which has over the years become increasingly concentrated among oligarchs and sub-garchs close to Vladimir Putin. Here's a good overview from The Washington Post, with one morsel for illustration ...

Since the 1980s, Trump and his family members have made numerous trips to Moscow in search of business opportunities, and they have relied on Russian investors to buy their properties around the world.

“Russians make up a pretty disproportionate cross-section of a lot of our assets,” Trump’s son, Donald Jr., told a real estate conference in 2008, according to an account posted on the website of eTurboNews, a trade publication. “We see a lot of money pouring in from Russia."....


After his bankruptcy and business failures roughly a decade ago Trump has had an increasingly difficult time finding sources of capital for new investments. As I noted above, Trump has been blackballed by all major US banks with the exception of Deutschebank, which is of course a foreign bank with a major US presence. He has steadied and rebuilt his financial empire with a heavy reliance on capital from Russia. At a minimum the Trump organization is receiving lots of investment capital from people close to Vladimir Putin.

Trump's tax returns would likely clarify the depth of his connections to and dependence on Russian capital aligned with Putin. And in case you're keeping score at home: no, that's not reassuring.

http://talkingpointsmemo.com/edblog/trump-putin-yes-it-s-really-a-thing