Mother Jones: Wanna know how deep in debt Trump is?

[Sculpin Beauregard]

http://m.motherjones.com/politics/2016/12/guide-donald-trump-debt

[niyad]

1. and I am pretty sure that isn't all of it, either.

[Raster]

5. Nope. Doesn't cover ANY OF THE RUSSIAN DEBT or partnership arrangements with the oligarchs...

...you know, all the stuff that would be evident in his tax returns.

[7962]

11. It still wouldnt be shown who he owes in his tax returns either.

You only show income and debt expenses, not who you owe. If you get audited, thats when you come up with that info. I put interest on debt in my returns every year with no mention of who I owe the debt to. Theres not even a line for that info.
You also dont have a place to list partners; only what % of the company & profit/loss you own

I still say the only thing in his taxes he doesnt want anyone to see is his much lower income than what he portrays to everyone. To him, thats a HUGE deal, makes him look weaker

[byronius]

2. Yeah, the serious stuff is all off-book barter. Like, for instance, 'make me president and...'

[superpatriotman]

3. Couldn't you just post the number?

So I don't have to click everywhere?


$364 million

[Cryptoad]

6. this +1408

[Thor_MN]

8. North of seven.

[Ilsa]

12. $7 bil?

Yeah, no wonder he's screwed up.

[Moostache]

4. Jesus H.

I thought I was in debt!!!

Makes me look like a piker...then again, I actually intend to, you know, repay my debts...

[progressoid]

20. Which is why you'll never be a successful business man like him.

[grantcart]

7. He exposed this during the debates.

Trump has a tell that came out in the debates. For example when he hears a list of negative comments about himself he will respond to the one that he knows is true.

For example he hear a list of items and then when it is his turn say "I am very intelligent, one of the most intelligent people you will every meet" and so on.

He would say it about women "I am the most positive person about women you will ever meet" or being a bigot, "I am the least prejudiced person you will ever meet".

During one of the debates with Clinton the Secretary of State listed about 7 reasons that he shouldn't be President including that he has a bad temper, and so on. When it was his turn to speak he said "I am NOT over leveraged, in fact I am one of the least leveraged persons in real estate. Its true, you can ask all the bankers and they will all tell you that I am NOT over leveraged".

As soon as he said it I called my debate watching friend and I said to him Trump is leveraged to his eye balls and is carrying a huge debt burden. I had cued my friend to watch for the tell and he saw that Trump ignored all of the other charges that Clinton made and only responded to the "over leveraged" one, something that few in the audience understood or cared about.

He is carrying a huge debt burden and may be upside down on his assets.

I made a note of it at the time:

https://www.democraticunderground.com/10028614030

[ProfessorPlum]

18. Excellent observation

They are the squeals of the stuck pig.

[world wide wally]

9. And that doesn't even include the amount he has cheated the government out of

by not paying his taxes year after year.
Gee, we sure needed a great businessman like him running the USA

[PoindexterOglethorpe]

10. Well. That puts my credit card debt

into perspective.

[BigmanPigman]

13. Poor guy.

No wonder he can't afford to foot the bill for his family to stay in NYC. I guess his 3 million dollar weekends are a nice perk too.

[jmowreader]

14. Some information about Trump's biggest creditor

http://www.crainsnewyork.com/article/20160710/real_estate/160709911/ladder-capital-financial-an-eight-year-old-manhattan-reit-and-a

The Mother Jones article points out a BIG problem with this bank: the loan documents hold him personally responsible for $26 million in debt. If this note goes sour, Trump has to pull $26 million he probably does not have out of his pocket to pay this.

Also consider: One of the things Trump does best is bury numbers. He has set up a lot of partnerships and alliances that protect him from exposure. If he's in hock to the Russian mafia, and he probably is, that money is part of a partnership we won't know about.

Once again: I don't give a rat's ass about Donald Trump's tax returns because they ain't gonna tell us shit anyway. I want to see his business records.

[FiveGoodMen]

15. Let's get this straight

He owes 364 million.

He hasn't paid it back.

Can he pay it back?

If so, why doesn't he?

If not, in what sense is he a billionaire?

[D_Master81]

16. he could be

he could be a "billionaire" if he's paid off assets that are worth a billion dollars. If i was that in debt i think i would sell something and pay off the debts i have, but my guess is the cash intake from those properties is able to pay the payments so he doesnt mind having that much debt, b/c if he sells assets to pay it off, would he still be considereda billionaire? who knows

[Sculpin Beauregard]

17. I think don't think he's wealthy at all. Just all for show.

He may have had some money at one time.

[Demtexan]

19. I think he is robbing Peter to pay Paul.

He needs all the money from New York and Florida to keep his head above the water.