US Election & Presidency

(27-07-2021 07:14 )The Silent Majority Wrote:  His loans and mortgages are part and parcel of his business deals.

But they aren't all leveraged deals though, that's the point.

I have no idea how Trumps loans are made up. Even if it's a matter of public record I have better things to do than track the information down and read it. So here's a free general lesson from the University of Real Life.

You're right. If Trump has that sort of money lying around it would make sense to pay off some of his debts.

In theory.

However, leaving aside that he might be keeping it hidden from the taxman, and that there might be substantial early repayment penalties, I would think most of his conventional loans would be from earlier on, before he became such a high risk investment, and be relatively secure.
Mar-a-Lago, for instance, seems to make him decent money. If it's ticking along nicely, and easily able to service it's own debt burden, it makes more sense to leave it be and save his hypothetical slush fund for a rainy day. Like the one that will surely come if Deutsche Bank refuses to renew his loans.

Twice in my life I've made, what you could almost call, windfall sums of money. I could have done the 'sensible' thing and cleared several of the equipment finance agreements I had at the time and saved a lot of the interest money. Except, had I done that, HMRC would've had a field day with with that years set of accounts.
Instead I let the finance run and spent it elsewhere, to the advantage of the business, and saved a shitload of tax in the process. Paying off existing debts would've actually cost me a lot of money in the long run.

So, Trump may have several 100m under his mattress, or he might not. Who knows.
But the fact he hasn't paid off some loans tells us nothing either way.

The fact he went as far as the Supreme court to keep his tax returns a state secret should be all you need to know

(27-07-2021 23:10 )The Silent Majority Wrote:  But the fact he hasn't paid off some loans tells us nothing either way.

That may be so, but it's no bar to having an opinion on the matter. Take the mystery $50m loan referred to above. Virtually nothing is known about this, as Trump has declined to explain why he borrowed money from one of his own companies - but that hasn't stopped various journalists from offering opinions about it.

Anyway, the main reason I'm posting is that I've seen a couple of reports just recently concerning Trump moving donated campaign funds to his own businesses. Of course this in itself proves nothing about Trump's financial status - and the fact that he's stiffing his own donors isn't exactly a surprise either.

wow Trumps latest ramblings about the US womens football team christ batshit !!

He still thinks he's president, because he won't admit defeat, because he can't accept he's a loser, it's equal parts funny and scary.
Every time he puts this sort of stuff out into the world, America gets a little more dangerous. Patriots = his followers, everyone else is an enemy. He needs it to be black and white, because understanding nuance is too complicated for people like him.
It is nice to see the Republicans are still suckling at his teat though, they need to keep the 'patriots' on side so they can fleece them whenever they need to pay some bills, or want to treat themselves to a little something. The way they are robbing people blind is beyond obscene.
It must be great to be able to bolster your bank balance with other peoples money whenever you fancy though

Yeah, I miss Slabhead too

Skully I disagree with you on only one point. “He needs it to be white” is what he really wants.

Megan Rapinoe's been living rent free in Trump's head since he invited the women's team to the Whitehouse a couple of years ago, and she told him to fuck off

She'll be laughing her tits off

^I think every US sportswoman should be allowed tell him to fuck off

In fact I would give them right to give him a wide berth or sue him!!