Comments by "Voix de la raison" (@voixdelaraison593) on "Trump's $454M civil fraud bond due in 4 days" video.
-
4
-
3
-
3
-
2
-
@JohnDoe-ew3xt ASK & YOU SHALL RECEIVE: Since 2010, lenders have forgiven President Donald Trump about $287 million in debt that he had failed to repay, the New York Times reported Tuesday.
Citing Trump’s federal tax-return records, the Times reported that the vast bulk of that sum was related to a skyscraper in Chicago that failed to live up to expectations. Banks and hedge funds gave him years of extensions to repay loans on the underperforming hotel-and-condominium property, the Times said, and his biggest lender, Deutsche Bank DB, 1.50%, lent him another $99 million even after he had sued the bank, accusing it of predatory lending practices.
Amid the height of the financial crisis, Trump’s loans came due, but without an ability to pay, he instead received extensions, the Times reported.
Deutsche Bank eventually sought repayment of its loans, accusing Trump of being a habitual deadbeat, according to the Times, with some executives vowing to never again to business with Trump. In July 2010, Trump, Deutsche Bank and other lenders reached a private settlement, canceling about $270 million in debt, the Times found.
2
-
2
-
2
-
1
-
1