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(85,996 posts) Fri Oct 16, 2020, 07:43 AM Oct 2020

Lender of Trump's $420m: "I want you to do me a favor though..." [View all]

Link to tweet

Trump explained his $400 million dollars of debt he currently owes during Thursday night’s NBC Town Hall hosted by Savannah Guthrie, saying that “some of it, I did as favors to? institutions that wanted to loan me money.”

Guthrie asked, “The question is, on behalf of voters, who do you owe $421 million to?”

“First of all, what they did is illegal,” Trump opened by hitting the New York Times, adding “Also, the numbers are alwrong, with the numbers they released.”

Trump then explained that much of the debt is due to his real estate business but that when he decided to run, he is “very underleveraged.” Trump did admit to having ” a very, very small percentage of debt” before explaining “in fact some of it, I did as favors to institutions that wanted to loan me money.”

read: https://www.mediaite.com/trump/trump-explains-that-part-of-his-400-million-debt-were-favors-to-institutions-that-wanted-to-loan-me-money/

23 replies

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Highlight:

Lender of Trump's $420m: "I want you to do me a favor though..." [View all] bigtree Oct 2020 OP

Whaaad? Do Us A Favor And Let Us Loan You Money???...nt global1 Oct 2020 #1

Sounds like money laundering. nt coti Oct 2020 #4

Exactly. Lock him up. Oct 2020 #23

Isn't that what all genius business men do? /s PaulRevere08 Oct 2020 #2

So...he admitted to money laundering? mahina Oct 2020 #3

Back To "Under Leveraged" ProfessorGAC Oct 2020 #6

Thank you for that explanation. SergeStorms Oct 2020 #7

And theres no way he's got 10B in real assets, so I wonder what his REAL debt is?? oldsoftie Oct 2020 #8

Downgraded Twice ProfessorGAC Oct 2020 #9

Thats still a lot higher than Forbes had him. I didnt think it was over 3B. nt oldsoftie Oct 2020 #11

You're Right ProfessorGAC Oct 2020 #12

I agree. And his next source of massive funds will be his "base". oldsoftie Oct 2020 #13

Apple's shareholder equity was about $72 billion on its latest 10Q Klaralven Oct 2020 #14

Their Market Cap Is $2.06Trillion, As of Friday ProfessorGAC Oct 2020 #18

Leverage is usually defined by the Debt-to-Equity Ratio, which doesn't involve Market Cap Klaralven Oct 2020 #21

I Know All That ProfessorGAC Oct 2020 #22

Oooh. You sound like someone who knows what's going on PCIntern Oct 2020 #16

And yet no US banks would lend him money malaise Oct 2020 #5

Do us a favor...Vlad wants us to lend you money. lonely bird Oct 2020 #10

These institutions Trump speaks of... jmowreader Oct 2020 #15

If they have his returns and have stated his personal debt, Firestorm49 Oct 2020 #17

K&R UTUSN Oct 2020 #19

Borrowing for business is one thing. NoRoadUntravelled Oct 2020 #20