Thursday, December 15, 2016

A Man in Debt Is Beholden

Trump owes $713 million in loans, $2 billion in real estate debt  
  Mother Jones, 3 days ago Below is a list of all the financial players that Trump owes money to and how much Trump directly has borrowed from each one. This roster is based on publicly available loan documents. According to his own public disclosure, Trump, as of May, was on the hook for 16 loans worth at least $713 million. This list does not include an estimated $2 billion in debt amassed by real estate partnerships that include Trump. One of those loans is a $950 million deal that was cobbled together by Goldman Sachs and the state-owned Bank of China—an arrangement that ethics experts believe violates the Constitution’s emolument clause, which prohibits foreign governments from providing financial benefits to federal officials.