HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Retired » Retired Forums » 2016 Postmortem (Forum) » Trumpís Empire: A Maze of...

Mon Aug 22, 2016, 10:54 PM

Trumpís Empire: A Maze of Debts and Opaque Ties

The writer of this article was just on The Last Word with Lawrence O'Donnell on MSNBC. There is a wealth of info on Donald Trump's obligations to lenders that he has criticized.

Trumpís Empire: A Maze of Debts and Opaque Ties
By SUSANNE CRAIG
AUG. 20, 2016

On the campaign trail, Donald J. Trump, the Republican presidential nominee, has sold himself as a businessman who has made billions of dollars and is beholden to no one.

But an investigation by The New York Times into the financial maze of Mr. Trumpís real estate holdings in the United States reveals that companies he owns have at least $650 million in debt ó twice the amount than can be gleaned from public filings he has made as part of his bid for the White House. The Timesís inquiry also found that Mr. Trumpís fortunes depend deeply on a wide array of financial backers, including one he has cited in attacks during his campaign.

For example, 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.

<SNIP>

One of these investments involves an office tower at 1290 Avenue of Americas, near Rockefeller Center. In a typically complex deal, loan documents show that four lenders ó German American Capital, a subsidiary of Deutsche Bank; UBS Real Estate Securities; Goldman Sachs Mortgage Company; and Bank of China ó agreed in November 2012 to lend $950 million to the three companies that own the building. Those companies, obscurely named HWA 1290 III LLC, HWA 1290 IV LLC and HWA 1290 V LLC, are owned by three other companies in which Mr. Trump has stakes.

Much more: http://www.nytimes.com/2016/08/21/us/politics/donald-trump-debt.html

1 replies, 448 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
Arrow 1 replies Author Time Post
Reply Trumpís Empire: A Maze of Debts and Opaque Ties (Original post)
csziggy Aug 2016 OP
napkinz Aug 2016 #1

Response to csziggy (Original post)

Tue Aug 23, 2016, 12:09 PM

1. kick

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread