JackLuis
Literotica Guru
- Joined
- Sep 21, 2008
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The 22nd Weak starts off with a bang!
Trump owes millions to banks lobbying the government
Trump is leveraged biggly! If the bottom falls out of the Real Estate market, he could be underwater, unless Putin helps him out.
Trump owes millions to banks lobbying the government
Financial disclosure documents released Friday by the Office of Government Ethics shed new light on President Trump’s finances, even as he refuses to release his tax returns. The documents show that Trump owes hundreds of millions of dollars to major financial institutions -- some with business before Trump’s administration.
According to section 8 of the disclosure documents, Trump lists liabilities with 10 creditors. The minimum amount he owes is $315 million. Based on the maximum amounts listed, he could owe more than half a billion dollars to the creditors.
Among Trump’s largest creditors is Deutsche Bank, which has faced requests from Democrats to explain its lending to Trump. Deutsche Bank earlier this month rejected that request.
Trump owes up to $25 million to UBS, according to the financial disclosures. UBS has also been lobbying in 2017 on Dodd-Frank as well as on “proposals to implement a financial transactions tax.”
Trump owes at least $50 million to a shadowy entity called Chicago Unit Acquisition, LLC. Trump’s financial disclosure says that one of his entities, DJT Holdings, owns Chicago Unit Acquisition. Mother Jones recently reported that the arrangement may mean that Trump’s businesses "could owe $50 million and possibly much more to one or more creditors that have not been disclosed to the public."
Trump is leveraged biggly! If the bottom falls out of the Real Estate market, he could be underwater, unless Putin helps him out.