That’s a rhetorical question, right? If they were deferring the interest, that would be tens of millions of dollars. Even if they were just letting the interest accrue, that would be a serious subsidy.
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Interchangable.
Eric’s business sense matches his stunning good looks and blindingly brilliant intellect.
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Time for Mueller to bring Beavis (or is he Butthead?) in for a conversation. Under oath.
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Gee, what in Trump’s past as a businessman could have possibly made Deutsch Bank think there might have been a slight chance he could default on a $340M loan?
Let me rephrase that: what kind of a bank, except for one possibly managed by Carter Page and Sarah Palin, would ever even consider the possibility of giving Donald Trump a $340M loan?
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Teabaguettes!
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Russian money Eric, you already spilled da beans on that one.
One that didn’t have its own money on the line. The reports are that much of the lending to trump comes from the private banking division, which sets up loans for people like trump from rich people with cash burning a hole in their pockets. The bank just takes a cut for doing the transaction. If you were deeply suspicious you might even think this was a front for money laundering and tax evasion. Rich person lends illegally acquired money to deadbeat, gets officially paid only a fraction of the sum, deducts loss on taxes while getting additional kickbacks from deadbeat under the table and/or ownership interest in deadbeat’s enterprises. And/or favorable political treatment from deadbeat’s personal country.
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the bank decided it wouldn’t take on any new business with the Trump Organization
“We’ll always have Alfa Bank,” Eric Trump said.
“And Vnesheconombank,” added Donald Trump Jr.
“You know I can’t say that,” Eric replied.
“It’s okay, Eric, everybody already knows,” said Ivankatoinette.
“No. I mean I can’t pronounce it. It’s too hard.”
“You could just call it VEB,” said Junior.
“What’s a ‘veb’?” Eric asked. “Look, Barron. The star fits in this hole!”
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“We are one of the most under-leveraged real estate companies in the country,” he told Bloomberg. “Virtually all of our assets are owned free and clear, and the very few that do have mortgages are a small fraction relative to the value of the asset.
This is precisely the kind of Trumpian lie that made the greater fools at Deutsche nervous.
There is no “company.” There are dozens and dozens of single asset “companies” each of which Trump would drop into bankruptcy in a heartbeat if it was upside down. And the mere fact that Deutsche was nervous tells you that it stupidly gave each of those companies loans without personal guarantees or collateralization by assets of solvent companies that aren’t leveraged.
This is why people in the commercial real estate business do business this way (and they all do). Every asset is a separate company and, if your bank is very, very stupid (and many are), they’ll lend money against that asset without requiring guaranty agreements from the beneficial owners or their other companies.
But stupid though Beavis is, he knows most journalists are too clueless about finance to and/or underrate the intelligence of their readers/viewers so much that they won’t report that.
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Cruel and unfair and I agree.
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“We are one of the most under-leveraged real estate companies in the country,”
Uh huh.
Is it alright if I post this EVERYWHERE?
This is the most succinct and telling description of everything that Trump is and everything that he is not…
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кредиты обеспечены
(kredity obespecheny)
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YUP:
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…total $340 million.
Release Trump’s tax returns. Just how much does he owe Russia and Saudi murderers?
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Or Arabic.
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As I’ve posted before, the bumbling Beavis + Butthead sons remind me of the clones of clones in Multiplicity. The errors compound through the generations until the end result is a monstrous Frankenstein of horrendous, slack-jawed stupidity.
trump DNA? That’s where we are now.
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After the Trump forfeitures, we may have enough money for the Wall.
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