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Trump is billions and billions in debt
Posted: Sat Aug 20, 2016 12:56 pm
by Bob Juch
Now we know why he won't release his tax returns. Rather than having a net worth of $10 billion as he claimed he's in hock to the banks, including the Bank of China, for many billions.
http://www.nytimes.com/2016/08/21/us/po ... -debt.html
Re: Trump is billions and billions in debt
Posted: Sat Aug 20, 2016 1:28 pm
by jarnon
From the article, it seems that Trump's debts and business relationships are comparable to other real estate developers. My son, who owns rental properties and whose worth is less than 0.1% of Trump's, has a stake in at least 10 LLCs and partnerships. Clinton scores political points by demanding that Trump release his tax returns, but they won't show all that much, since most of the details are buried in his business entities.
If Trump wins, he'd be wise not to use any active businessmen as advisers. Even his kids will have to choose between The Trump Organization and the White House.