NY Times: Trump empire massively in debt, especially to China

Posted by | August 20, 2016 20:00 | Filed under: News Behaving Badly Politics

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A New York Times investigation reveals massive debt owed by the Trump empire, especially to China, a country he continues to degrade.

…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.

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…

Beyond finding that companies owned by Mr. Trump had debts of at least $650 million, The Times discovered that a substantial portion of his wealth is tied up in three passive partnerships that owe an additional $2 billion to a string of lenders, including those that hold the loan on the Avenue of the Americas building. If those loans were to go into default, Mr. Trump might not be held personally liable, but the value of his investments would sink.

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Copyright 2016 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.

22 responses to NY Times: Trump empire massively in debt, especially to China

  1. Suzanne McFly August 20th, 2016 at 20:22

    Well he says that Hillary was “influenced” by giving speeches for $100,000’s, I wonder how much influence $650 million buys?

  2. crc3 August 20th, 2016 at 21:17

    $650M in debt is a big indicator of irresponsibility and bad decision making. Who wants this kind of person as president? **crickets**

  3. William August 20th, 2016 at 22:39

    No wonder he’s obsessed with China.

    https://www.youtube.com/embed/RbM2F-cfN0A

  4. Gary Parillo August 20th, 2016 at 23:58

    Maybe that gives a little insight into why little donny wont reveal his taxes.I doubt even this will open the eyes of his cultists.Wall st.and China “Own little donny!!!”Once again his con bites him in the ##$&! He really should just concede to HC now and stop wasting the countrys time!

    • The Original Just Me August 21st, 2016 at 06:58

      no, No, NO , we need him so Hillary can set a fantastic Win Record.

      • granpa.usthai August 21st, 2016 at 23:21

        after his public multi degrading of women,

        the nasty mouth little money grubbing COWARD

        deserves a world class ass whuppin’ from a girl!

  5. Obewon August 21st, 2016 at 01:23

    TrumpU and his 6 bankruptcies sunk their nominee.

    ‘Trump U’ graduate Al Franken brutalizes GOP nominee in hilarious convention speech. https://www.youtube.com/watch?v=NCyNF251DSI

  6. The Original Just Me August 21st, 2016 at 06:56

    So, China owns our Republican Presidential Candidate AND He is close Buddies with Russia’s Putin. WOW !!!! Now he just needs to come out of the Closet.

  7. eyelashviper August 21st, 2016 at 10:03

    Another reason Trump will not release his tax records.
    In addition to owing China, Russia also holds yuuuuge debts, and they do expect payment, with dividends.
    American banks have not been willing to fund Trump, which says a lot about his business acumen and trustworthiness.

    • The Original Just Me August 21st, 2016 at 15:31

      He is a Billionaire. At least he owes that much.

    • granpa.usthai August 21st, 2016 at 23:18

      trump, the gop candidate that refuses to release his CROOKED TAX RETURNS has zero credibility which equates to being untrustworthy which equates to being dishonest which equates to being a CROOK.

  8. The Original Just Me August 21st, 2016 at 15:30

    No Wonder He thinks Nothing of running up The Government Debt Ten Trillion Dollars, just to pay off his Infrastructure Contractor Buddies.

  9. Frank Foster August 21st, 2016 at 16:20

    Well gosh, there goes any campaign contributions he can git from China…but Vlad the Pootin has got his…back

  10. amersham1046 August 21st, 2016 at 19:50

    “O, what a tangled web we weave when first we practice to deceive!”

  11. granpa.usthai August 21st, 2016 at 23:26

    figures.

    probably why he wears a dead rat DU.

  12. Packy East August 22nd, 2016 at 05:19

    Donald (Conman) Trump (R) promises so much, but delivers so little. This is why Con Don is Putin’s Poodle, so don’t vote for anyone with an (R) by their name on the ballot because you will never know for sure if it is a Republican of a Russian supporter. Thanks for coming to the November Election republicans and Donald (Conman) Trump, now we have some lovely parting gifts on your way back to your republican stronghold in LOSERVILLE!

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