Trump's UUUUUUGE debt

[afleitch]

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

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

[NeverAgain]

And this is only his campaign, imagine what he'd do to the country...

[Yank2133]

Any so called fiscal conservative who votes for this man is full of ****.

[Badger]

Any so called fiscal conservative who votes for this man is full of ****.

[Erich Maria Remarque]

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

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

And still he donates in Lousiana. Truly, he is a humble man with a big heart!

On a more serious note, having debts is normal. To do some analyse we need to know what profit, equity etc he has. With the reservation that you've not been being sarcastic.

Apple inc
Total Debt (mrq)   84.94B

[Lyin' Steve]

Yeah, if you buy a $1,000,000 house, rent out three of the bedrooms and make a profit on the mortgage payment, you're still heavily in debt but I don't think anyone would say that's a bad financial situation.

Trump is an extreme case of that, he has large stakes ina number of buildings, so to own 50% of Trump Tower Chicago or whatever he probably went $2B in debt... but he can sell that share back whenever he wants, presumably for a profit since he's developed the building and added prestige to it through his activities and brand, and furthermore he's making a profit on his payments through his operations in the building.

Then again I didn't read the article so if this is talking about Trump Mag being millions of dollars in debt or whatever, that's an entirely separate thing.

[Maxwell]

wow sketchy accounting for the Trump Organization? you gotta be kidding me.

this and the whole NAMBLA thing give me a good picture of why The Donald won't release his taxes.

i've got investigators in New York and what they discovering is unbelievable, folks!

[Sir Mohamed]

As I said, #FakeBillionaire