General Electile Dysfunction: an election that lasts longer than 4 days is a serious medical problem

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Hauler said:
Yeah, he danced around that one a bit.

All but admitted it was a foreign establishment that he was endebted over $400m to, although he equated it to a mortgage.

He also downplayed $400m when compared to his overall wealth. Literally said it was "nothing".

He didn't handle it well. Which isn't surprising.
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Fuuuuu

This is the thing that concerns me the most. 400 million in personal secured debt that will come due in the middle of a second term.

I mean, I almost expect absolute power to corrupt absolutely...You become president people are going to try to offer you fancy stuff and favors to get in your graces. But it's even a step further when you are indebted. You aren't just being offered fancy things. You are being held with a sword over your head perpetually.
 
IschKabibble

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Splinty said:
Fuuuuu

This is the thing that concerns me the most. 400 million in personal secured debt that will come due in the middle of a second term.

I mean, I almost expect absolute power to corrupt absolutely...You become president people are going to try to offer you fancy stuff and favors to get in your graces. But it's even a step further when you are indebted. You aren't just being offered fancy things. You are being held with a sword over your head perpetually.
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The most expensive property in the Donald Trump real estate portfolio is the 45-story office building — with retail space — at 1290 Avenue of the Americas in New York City. A purchase marred by controversy, Trump had a 30 percent stake in the building since 2006, when his Chinese business partners sold a 78-acre piece of land they co-owned with him on New York's Upper West Side for $1.76 billion.

A move vehemently opposed by Trump, the proceeds were used to purchase 1290 Avenue of the Americas and 555 California Street in San Francisco. Forbes estimated his share of the building is currently worth $409 million.

www.gobankingrates.com

Trump’s Most Valuable Real Estate Properties Ranked

See what the former president's portfolio looks like.
www.gobankingrates.com www.gobankingrates.com
 
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IschKabibble said:
The most expensive property in the Donald Trump real estate portfolio is the 45-story office building — with retail space — at 1290 Avenue of the Americas in New York City. A purchase marred by controversy, Trump had a 30 percent stake in the building since 2006, when his Chinese business partners sold a 78-acre piece of land they co-owned with him on New York's Upper West Side for $1.76 billion.

A move vehemently opposed by Trump, the proceeds were used to purchase 1290 Avenue of the Americas and 555 California Street in San Francisco. Forbes estimated his share of the building is currently worth $409 million.

www.gobankingrates.com

Trump’s Most Valuable Real Estate Properties Ranked

See what the former president's portfolio looks like.
www.gobankingrates.com www.gobankingrates.com
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What do I do with this?
 
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ThatOneDude said:
Man, over $400 million in debt, that's a lot of skrilla.
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And its personally secured. That's the issue. If it was just on a business balance sheet with everything else, it'd be less concerning. Trump has tied his personal debt into his business as president, while putting his kids in charge of the business, and never divesting himself.
 
ThatOneDude

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Splinty said:
And its personally secured. That's the issue. If it was just on a business balance sheet with everything else, it'd be less concerning. Trump has tied his personal debt into his business as president, while putting his kids in charge of the business, and never divesting himself.
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Yea, not a great look. If you had that much personal debt you'd lose your TS clearance.
 
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IschKabibble said:
Debt is a problem relative to assets and income.
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But you can't just show me a building that has a 400 million dollar stake and call that income in the same breath. It is not income if you don't know the expenses on it for your same argument here.



Why was Trump forced to take 400 million in personally secured debt instead of just leaving it on the business balance sheet? Why is he personally liable for half a billion if those assets are so strong and could be leveraged as collateral?
 
Hauler

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Splinty said:
Fuuuuu

This is the thing that concerns me the most. 400 million in personal secured debt that will come due in the middle of a second term.

I mean, I almost expect absolute power to corrupt absolutely...You become president people are going to try to offer you fancy stuff and favors to get in your graces. But it's even a step further when you are indebted. You aren't just being offered fancy things. You are being held with a sword over your head perpetually.
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Just realized I spelled "indebted" wrong in my post.

 
IschKabibble

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Splinty said:
But you can't just show me a building that has a 400 million dollar stake and call that income in the same breath. It is not income if you don't know the expenses on it for your same argument here.



Why was Trump forced to take 400 million in personally secured debt instead of just leaving it on the business balance sheet? Why is he personally liable for half a billion if those assets are so strong and could be leveraged as collateral?
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The man's a real estate mogul who specializes in 5-star accommodations. $400 million is unfathomable to me, but understandable for him. He's worth an estimated 2.5 billion dollars? Shave the .5 off and he's still got plenty left to work with.
 
ThatOneDude

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Why is he taking on debt as a favor to banks/lenders? That seemed weird to me as well.
 
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IschKabibble said:
The man's a real estate mogul who specializes in 5-star accommodations. $400 million is unfathomable to me, but understandable for him. He's worth an estimated 2.5 billion dollars? Shave the .5 off and he's still got plenty left to work with.
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You know what would have cleared this right up?

If Trump had divested himself of his business as he said he was going to

If Trump hadn't undermined the blind trust he setup by PERSONALLY SECURING 400+ million for his businesses

If Trump didn't hire his kids to run his companies then install them throughout government, guaranteeing conflicts of interest and continually linking him to his businesses directly

If Trump released his tax returns



Literally any of those steps and we wouldn't be here wondering.


Do you really think that if people get to 2000 million dollars and are at risk of losing 400+ million, they just don't worry about it? That 400 million matters so much less that they are not able to be influenced over it?
 
IschKabibble

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Splinty said:
Do you really think that if people get to 2000 million dollars and are at risk of losing 400+ million, they just don't worry about it? That 400 million matters so much less that they are not able to be influenced over it?
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I don't think he's worried about it at all. Why wander into conspiracy land here but dismiss all the other blatant evidence of corruption? You think Ivanka was "installed" as some sort of sinister plan to gain favor?
 
MMAPlaywright

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The man defeated COVID-19 in like three days, despite being old and fat. I haven’t heard of anyone else, at any age, crushing Covid-19 like that. You think this petty “debt” can slow down the Trump Train?
 
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IschKabibble said:
I don't think he's worried about it at all. Why wander into conspiracy land
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What conspiracy?
The guy personally owes 400 million dollars and has huge conflicts of interests while backtracking on every promise to divest himself of those conflicts. He's at high risk of being manipulated and I would lose my own security clearance for less.

IschKabibble said:
dismiss all the other blatant evidence of corruption?
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No one has done that.
Feel free to bring up anything you want and we'll talk about it. We are talking this specific topic.


IschKabibble said:
You think Ivanka was "installed" as some sort of sinister plan to gain favor?
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Nepotism is a bad look.
Having your kids in government AND your business directly undermines a "blind trust".

Also well here you go if you like longform reading
 
IschKabibble

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Splinty said:
What conspiracy?
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I'm asking the same question. You're telling me Mueller missed something during his investigation? You don't think Trump has a team (or two) of well-qualified lawyers poring over every move he makes?

Splinty said:
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If everything in this article is legally sound, then what's the problem? Swamp implies holdover corruption. And last I checked Trump wasn't on their side.
 
Freeloading Rusty

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MMAPlaywright said:
The man defeated COVID-19 in like three days, despite being old and fat. I haven’t heard of anyone else, at any age, crushing Covid-19 like that. You think this petty “debt” can slow down the Trump Train?
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Yeah it had nothing to do with the top notch unlimited medical care with access to unreleased drugs and treatments.
 
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