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
Trump is billions and billions in debt
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Bob Juch
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Trump is billions and billions in debt
I may not have gone where I intended to go, but I think I have ended up where I needed to be.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
- Douglas Adams (1952 - 2001)
Si fractum non sit, noli id reficere.
Teach a child to be polite and courteous in the home and, when he grows up, he'll never be able to drive in New Jersey.
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jarnon
- Posts: 7002
- Joined: Tue Oct 09, 2007 9:52 pm
- Location: Merion, Pa.
Re: Trump is billions and billions in debt
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.
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.
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