Report: Donald Trump's companies at least $650 million in debt

a reply to: interupt42

As despicable as the media is, both right and left wing, sometimes facts happen. Well, not so much for the right wing.

originally posted by: Southern Guardian
a reply to: burgerbuddy

It's his money anyway.

What are you talking about? You do understand he is $650 million in debt? He has $650 million worth of loans in real estate? It's not his money. We don't even know how much Trump is really worth because he refuses to release his tax returns. He may very well be less that what he owes in debt.

Unlike obam's 9 trillion and rising, which Americans are on the hook for

Ok.

1. You are talking about national debt, not personal debt. Nothing to do with the OP. Whatever you wish to argue about that, it's a complete different topic all together.

2. Republicans have held majorities and have controlled congress since 2010. Congress has the lowest approval rating compared to any other in recent history. Obama does not solely control the debt. That debate again is a totally different topic.

But carrying debt is no big deal.

Carrying debt is a big deal. Not sure why it suddenly isn't because we're discussing Trump. $650 million is alot of money to be in debt with, especially if it's to large multinational and foreign companies. Considering as well Trump has refused to release his tax returns which will reveal his actual worth, it's a problem.

This is a non story.

Yes, anything negative about Trump is a 'none story' on here, apparently. It's too bad these non-stories matter enough to the public and they end up hurting Trump in the end. You can scoff it off all you want buddy but you're not helping Trump ol' boy at all.

It has been explained to you at least 4 times already that this 650mil debt means nothing. MysticPearl explained how it works, but your still ignoring that fact and continuing to post the same thing over and over. Read back a bit.

a reply to: iTruthSeeker

It has been explained to you at least 4 times already that this 650mil debt means nothing.

Try borrowing just $650, then come back and tell me with a straight face that $650bn is nothing.

Ever had to pay back a mortgage?

I've said this before.

People would lose their minds because he doesn't pay any taxes.

He might make ONE DOLLAR a year or nothing.

This only lists 13 people.

But you can just hear the screaming if Trump did this.

www.businessinsider.com...

originally posted by: Swills
a reply to: interupt42

As despicable as the media is, both right and left wing, sometimes facts happen.

True, like that politifacts article stating that the 6 billion spent is unaccounted for.

Well, not so much for the right wing.

Cute, so you still believe in fairytales where global corporations like to gamble with 50/50 odds with their billions when it comes to politics.

Besides that , while I don't doubt the right side is equally corrupt for a second . The left has proven it without a doubt with the dnc leaks and hillary.

originally posted by: Astyanax
a reply to: iTruthSeeker

It has been explained to you at least 4 times already that this 650mil debt means nothing.

Try borrowing just $650, then come back and tell me with a straight face that $650bn is nothing.

Ever had to pay back a mortgage?

Ever hear of early pay-off penalties?

Ever hear of a good credit history?

He's paying interest on every penny, so no one is complaining.

Well, except you guys. Who are not even creditors. Go figure.

I bet 1/2 you complainers are repo men. lol!! No work for you!

originally posted by: Astyanax
a reply to: Southern Guardian

Thanks for the link. Amazing the lengths the faithful will go to so as not to face the truth about Donald. He really is the candidate of Stupid.

So your argument is, understanding how doubt works in commercial real estate amounts to "stupid".

Good argument.

a reply to: Southern Guardian
Actually, when you are worth 10 billion dollars, and you are able to invest and own properties that are making a profit every year, then 650 million as debt (especially if it is owed and paid on time to his many investors) is a fairly reasonable number compared to your revenue and profit. If you put half a billion dollars in a regular savings account, without even investing it, you could make 4-5 million a year off of it. He probably has a LOT of investments that give him way more returns than a regular savings account. He probably makes about half a billion every year, which is feasible if you invest your money properly.
This is just a sensationalized piece of garbage from the New York Times, trying all they can to help their golden madame, and now CBS has picked up the tab.

a reply to: Allenb83

Oh my I just laughed myself right now.

You can't be serious. I swear to God.

Actually, when you are worth 10 billion dollars, and you are able to invest

How the hell can you just believe Trump is worth $10 billion? Trump himself claimed he was worth '$10 billion' and that's it. There is no substance to his claim. None.

Thus far I think the best source to estimate Trumps worth is Forbes and they put him at best at $4.5 billion:
www.forbes.com...

Now that's still a big amount. That still makes him a billionaire. However even Forbes cannot confirm outright he is actually worth that much. It's an estimate. Without Trump's tax returns released to the public we cannot confirm outright whether he is even indeed a billionaire. He may own assets, properties, but those assets may have debt behind them, he may be in partnership with many people, investors. In the end it's a question of how much Trump is worth, by himself, and we won't be able to confirm this until he releases those tax returns.

um so? thats how the US functions dude. amazon is billions in debt. abrecrombie and fitch make no money. those are just two examples that i know of.

www.wikinvest.com...(AMZN)/Data/Long-Term_Debt

know you stuff before posting maybe?

As they keep digging I suspect we will find a great deal about Trump is being hidden. The 650 million is interesting but, the other 2 billion in debt he shares with others is interesting since we have no idea what percentage of it is his.

The irony is of course that when it was revealed Cruz has about a million in loans from Goldman Sachs Trump made a huge deal about it and turns out he has the same thing just 100 times worse. They are going to beat him over the head with this big time. Not to mention the debt to China.

None of this of course will affect his loyal followers but, for most people it will be yet another case of Trump saying one thing and doing another.

Who cares! vote him in he so is manly a manly man for men who like manly men things.Go Trump 2016.

China! China wall terrorists!!!

originally posted by: Southern Guardian
We're supposed to trust this guy with the economy? Born with a silver spoon in his mouth, $1 million loan from his father, $40 million inherited... and yet he still manages to have how many bankruptcies and have his empire be $650 million in debt...

Debt in the business world is not the same as debt in private life, but even if it was... would you disqualify someone from the running because they had a mortgage? That's a debt, raised for the purposes of securing an asset, and secured on the asset itself. Just like many business debts.

This is unbelievable ignorance on display. I thought a break would relieve my incredulity, but I was mistaken.

Do you people know what net worth is, and how it is derived? Do you know what a balance sheet is, and what it consists of (assets and liabilities)?

Quick math. We'll use small numbers for the clueless simpletons:

Joe has a house worth 500 (asset value). Joe has a mortgage on that house for 200 (liability "value", or debt). If the house is the only asset we use in the calculation, Joe has a positive net worth (and equity in the house) of 300. Yes, he's 200 in debt, but he has an asset that, if liquidated at market value, would satisfy the liability (debt) on that asset with 300 to spare. Joe is actually doing pretty damn good, provided he's staying current on his payments.

Trump--and his various business entities (the principle is the same for both)--simply has more items on his balance sheet with bigger numbers, so it looks more complicated and grandiose, but the principle is exactly the same as with our friend Joe. We have to have a full picture of Trump's balance sheet (his assets and liabilities), along with those of his various businesses, to make any kind of meaningful assessment of how his debt relates to his overall financial health.

He won't provide that, so his opponents are jumping on the opportunity to outright deceive anyone stupid enough to listen by talking about only one column of his balance sheet (his debts, or liabilities).

It is blatant (and frankly embarrassing) propaganda directed at people who don't have any idea how money works. Trump is enabling this stupidity by not being forthcoming about his complete financial picture.

Let me be clear this is in no way a defense of Trump. I'm calling out propaganda directed at idiots, because that's what this whole thing is.

And you should be offended at the contempt they have for you.

originally posted by: Southern Guardian
a reply to: interupt42

If it makes you feel better hillary lost 6 billion under her watch.

Hillary Clinton lost $6 billion of her own funds due to being personally in debt? Really? Where's your source I'm curious. Better yet start a thread on that, I'll chime in.

I think he was referring to the 6 billion missing from the budget when she was secretary of state. Hopefully didn't end up in the Clinton foundation.

a reply to: NthOther

I've tried before to explain to people he's a business man. Even his taxes are I'm Flux for 5 years. Meaning something he's doing on say 2015 taxes can change his taxes all the way back to 2010.

He also pays taxes quarterly in fact he wI'll be making payments in oct. He could release his taxes today for last year and it would be meaningless. He would need to release 5 years of quarterly taxes. From each of his businesses. Well over 400 diffrent fillings each with 5 yrs of taxes to even begin to understand his taxes. And by the way thus is a closely guarded secret by companies this isn't released into public knowledge because it can have financial effects. Since oddly nit everyone is smart enough to figure out how investment firms are ran.

Releasing his taxes would be stupid not only does it expose his companies to harm. It will allow a person to pick one part and claim this or that is illegal or an inderpayment etc not realizing he over paid say 3 years ago. Then there is the fact it's in Flux meaning his tax liability can and does change.

If he released his taxes today it would take several months for an acountant to catch up to even tell you if something was wrong. This isn't like filing a 1040 at the end of thr year. I own a business I hire an accountant he handles my taxes and takes care of quarterly payments to IRS. I can honestly say I have no idea what I pay in taxes it changes all the time.

Oh and if something is wrong with my taxes I'm not on the hook for it my accounting firm is. Meaning if they do my taxes wrong they will pay any fines and fees. And there is no doubt in my mind that Trump has the same deal. He won't be responsibe his accounting firm will be..


As far as debt I'll say I have about 600k In loans for the business. But if I were to liquidate it first the wife would kill me since she started it.

But the business assets would total in the neighborhood of about 1.8 mil. This includes equipment and property. Meaning just selling assets I'd make money. But with a business I would sell the entire business at closer to 5 million to investors. This is the diffrence Between assets and market value of a business. Of Trump is worth ten billion in market value that means if he liquidated his assets he'd get in thr neighborhood of say 4 billion no business would do this however.

It's funny to do you realize how good your credit has to be to be able to loan 650 milliom????? And what your net worth has to be to do so?? This alone tells you he knows how to run a business. I might be able to get about 1 to 2 million. And I have damn good credit but my assets aren't high enough to go far beyond that. You people think banks just hand over money and that's silly.

a reply to: Southern Guardian

We should put the economy in the hands of the Clinton's. They have been the King and Queen of Haiti since the 90's. They are the most poor nation in the western hemisphere. But hey, at least Wall Street will keep the cash flowing so they won't have to worry about going into debt.

Vote Murder and Rape 2016!

At this point, what difference does it make!

I wonder if Hillary will wear a nice blue dress at her inauguration?

a reply to: Southern Guardian

Okay, I just read the stupid article.

He finances his purchases?? What a dumb article. What a shocker! Someone purchased property using financing? WOW! The same exact thing everyone does, investors and primary homeowners.

NEWS FLASH NEWS FLASH! SOMEONE GOT A MORTGAGE!!!!!!!

Do you have any idea how real estate works? This is a hit piece, period.

I guess I won't run for office either, I still have a couple of mortgages. Sorry guys, hopes and dreams crushed.

a reply to: Southern Guardian

Almost every politician in congress and every president, mysteriously, have become incredibly wealthy during their tenure. Let's audit all of them so we can see how they got that way.

Trump has debt? So does almost every American citizen, exept those politicians. Somehow those politicians amass incredible wealth while making a couple hundred grand living in a very expensive area and maintaining a home in their state.

Wonder where that additional money is coming from? Naw, let's focus on a non-story about some debt.

Maybe we should be wondering about the millions politicians seem to be making while earning a salary in the low 6 figure range.

What he hell has debt alone got to do with a successful business????

Apple, one of the most successful companies of the last decade has a debt of $75 BILLION - i.e. over 100 times more than Trump companies.

The fact this story is even a headline shows how stupid the media believe the American people are. Maybe they are right.

I also have no idea how some comments are linking this to tax returns...