Saturday, June 4, 2016

Trump Has a $100 Million Conflict of Interest

Don Trump may have his tax returns hidden deep in a gold-painted vault, but we have been given a peek at his financial disclosure statement. From the statement, it’s hard to make out Trump’s real worth. Yes, there are a lot of assets, but many of them are part of complex business arrangements. And not everything on the statement is written in black ink.

 "... the presumptive GOP nominee also has a tremendous load of debt that includes five loans each over $50 million. (The disclosure form, which presidential candidates must submit, does not compel candidates to reveal the specific amount of any loans that exceed $50 million, and Trump has chosen not to provide details.) Two of those megaloans are held by Deutsche Bank, which is based in Germany but has US subsidiaries."

Because Trump chose to write only the amount he must disclose, we can’t know the real extent of his indebtedness to Deutsche Bank. It’s at least $100 million, but Trump could be into them for much more. Is it $300 million? A billion? More? He's not telling....
http://www.alternet.org/election-2016/trumps-100-million-conflict-interest


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