Trump owes tens of millions to the Bank of China -- and the loan is due soon

[mahatmakanejeeves]

Source: Politico

WHITE HOUSE

Trump owes tens of millions to the Bank of China — and the loan is due soon

The president's financial dealings with the state-owned bank complicate his attacks on Biden.

By MARC CAPUTO, MERIDITH MCGRAW and ANITA KUMAR

04/24/2020 04:30 AM EDT

Donald Trump is warning “China will own the United States” if Joe Biden is elected president.

But Trump himself is tens of millions of dollars in debt to China: In 2012, his real estate partner refinanced one of Trump’s most prized New York buildings for almost $1 billion. The debt includes $211 million from the state-owned Bank of China — its first loan of this kind in the U.S. — which matures in the middle of what could be Trump’s second term, financial records show.

Steps away from Trump Tower in Manhattan, the 43-story 1290 Avenue of the Americas skyscraper spans an entire city block. Trump owns a 30 percent stake in the property valued at more than $1 billion, making it one of the priciest addresses in his portfolio, according to his financial disclosures.

Trump’s ownership of the building received a smattering of attention before and after his 2016 campaign. But the arrangement with the Bank of China — and its impending due date in 2022 — has gone largely unnoticed.

{snip}

Read more: https://www.politico.com/news/2020/04/24/trump-biden-china-debt-205475

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Hat tip, Joe.My.God:

Trump Organization Owes $211 Million To Bank Of China
April 24, 2020

https://www.joemygod.com/2020/04/trump-org-owes-211-million-to-bank-of-china/

[Iliyah]

1. Same with Russia . . .

[fleur-de-lisa]

13. He owes the Saudis too.

[Bernardo de La Paz]

19. And Deutsche Bank. . . . nt

[olddad65]

27. Russia owns Trump

[Grokenstein]

2. Maybe he thinks he can give them California.

Or maybe that crack about Biden means he knows he'll lose, and thinks he'll skip out the door leaving Joe to pay his tab.

[The Magistrate]

3. It Proves Out Often Enough, Sir, To Be An Axiom

If this cheap thug with his hairspray crown is accusing someone of something, he is doing it himself.


"Defeat of a hated enemy is something to be for."

[pazzyanne]

7. Absolutely!!!!!!! nt

[2naSalit]

4. Imagine that. ...nt

[safeinOhio]

5. He may be only weeks away from

bankruptcy. The kids are in charge and have been missing for almost a month on the media.
You know he won’t take the blame, so will he throw the kids under the bus?

[mpcamb]

10. Is this why Jered refered to the Federal PPE as "ours", to pay off China debt?

JARED: "The Fed Stockpile was supposed to be OUR stockpile-NOT supposed to be States stockpiles"

JARED KUSHNER:
"The notion of the federal stockpile was it's supposed to be our stockpile.
It's not supposed to be states stockpiles that they then use."

Follow the money on this one.
The odor's pretty strong.
The trail's pretty short.

[Scarsdale]

20. Who foots the bills

for all this equipment? Jared?

[NewJeffCT]

6. China might as well write that loan off

as uncollectable.

[fleur-de-lisa]

14. With his past record, why the hell would anyone legitimate lend money to him?

"Legitimate" being the operative word. Now China has leverage over Dump, as do Russia and Saudi Arabia and probably ten other countries we don't yet know about.

[hkp11]

23. to have

leverage over him....so he does their biding like he does for Putin, Saudi royal family

[panader0]

16. Isn't the property used as collateral?

[IronLionZion]

17. Does he even own much property?

It seems like he slapped his name on lots of buildings he doesn't actually own.

[SergeStorms]

28. The bulk of his "fortune"....

is comprised of the "Trump brand". He values the "Trump brand" at somewhere near $3 billion. That's his evaluation, of course. In other words, he's pretty much bankrupt again.

[duforsure]

8. To determine who he owes to

His taxes must be completely made public, to understand his actions and his being so compromised from it, putting us all in dangerous situations. His decisions could be from his debts, and ignoring working for the best interests of the American people. By not knowing he puts us all in the greatest national security threat we've ever had in this country.

[Aussie105]

9. The elephant in the room needs addressing:

When is the last time an American president owed money to a multitude of foreign countries?

So is Trump a failed businessman with debtors breathing down his neck?

Or is Trump a failed president facing defeat in the next election?

How did it come to this? Jimmy Carter sold his peanut farm so he wouldn't be accused of a conflict of interest as President.
How did Trump get away with this very conflicting duality of role?

[Scarsdale]

21. Because he has

(R) after his name, silly! The gop is complicit in this fraud, too. They KNEW he was nowhere near presidential material, yet they have kissed his large, flabby arse since day one. Would a (D) president be allowed to have family members running the country? None of them are qualified, yet Kushner is bringing in frat boys to "help".

[keithbvadu2]

11. China also committed heavily to investing in Trump's Indonesian resort.

China also committed heavily to investing in Trump's Indonesian resort.

Trump then became concerned with the loss of Chinese jobs.

"Too many jobs in China lost," Trump tweeted... Such concern!

https://www.democraticunderground.com/10142058871

http://thehill.com/homenews/senate/387515-schumer-hits-trump-for-offering-aid-to-chinese-company-how-about-helping

[JI7]

12. under Trump, China has gained more influence around the world

[Mendocino]

15. He's skimming

the trillions of stimulus funds. Family, friends and crooked cohorts are along for the ride.

[Javaman]

18. first he's compromised by russia now china will have him by the short hairs

dance orange monkey, dance!

[keithbvadu2]

24. Dancing

[NCjack]

25. Hey you GOP U.S. Senators: You are responsible for this. The remedy for curing America is

the removal begins with removing you.

[NCjack]

22. One of the results of the Trump Depression of 2020 will be the shattering of

TrumpCo into small pieces with no Trump family participation. The coming election will feature juggler Trump managing his reelection campaign and managing the attack on his empire by lenders.

[warmfeet]

26. He is financially, morally and intellectually bankrupt.

Toss his corrupt ass in prison.

[MarcA]

29. As always his ilk accuses others of being what they themselves actually are. n/t

[Gothmog]

30. Senator Duckworth is calling for investigaton

Link to tweet

[DesertRat]

31. k&r