To whom does Trump owe over $400 million?

These are commercial loans to his companies that he is probably listed as one of the guarantors. This is pretty standard stuff in banking for closely held companies like the Trump Org. Loans like this get renewed when they mature and are generally outstanding for years with only interest due on a periodic basis. The banks don't want them paid back in one lump sum. They make more having them on their books and performing as agreed. Personal guarantees are rarely ever called upon to pay back a loan. The primary source of repayment is cash generated from business operations. Nothing to see here.

R1, are you a private banker?

He spent it all on Adderall and hamberders.

He doesn't even own Trump Tower.

This article spells it out neatly.

R1, normally there would be nothing to see. The article linked at R5 agrees that interest-only loans are routinely renewed. However, as the article goes on to say, Trump is a special case. Doing business with Trump means that you may be involved forever in litigation and public scrutiny, as, indeed, has happened with Deutsche Bank. Plus, there's the fact that Trump always acts in bad faith, and is manipulative and incompetent. What happens when he can't or won't pay even the interest?

[Quote] These are commercial loans to his companies that he is probably listed as one of the guarantors.

And this HE is responsible to pay them

I was surprised when I learned that the Trump International Hotel in Columbus Circle, NY was only partially owned by Trump.

He owns the roof and the two restaurant spaces on the first floor. That’s it.

OP makes an excellent post, if employers can take debt and credit into consideration than the highest office in the land should be held to a higher standard.

The fact that the president is broke should scare the shit out of everyone.

I always suspected that his tax returns would show that he's not as wealthy as he always claimed. Him running for POTUS was sketchy in the first place; US presidents don't make that much money and it's not a part-time job.

Apparently, US presidents rake in money *after* they leave office. Trump does have wealthy supporters, but he also has a lot of broke-looking & uneducated supporters. What prestigious university is going to pay him to give a speech? What kind of wisdom (besides how to con people) can he impart? Nothing.

He has so much debt and no way of paying it back.

He’s an absolute failure as a businessman—this is clear.

He’s made money by monetizing his name and avoiding taxes, not creating anything.

[Quote] These are commercial loans to his companies that he is probably listed as one of the guarantors. This is pretty standard stuff in banking for closely held companies like the Trump Org.

This can only happen if the guarantor is extraordinarily wealthy. Any bank worth its salt would know Trump isnt worth shit.

The only people who will give him money anymore, of course:

Presidents used to have to put their business affairs into a blind trust, and be officially hands-off their own money during their term of office as a safeguard against corruption.

When did that officially change? DID it officially change?

[quote] Presidents used to have to put their business affairs into a blind trust, and be officially hands-off their own money during their term of office as a safeguard against corruption. When did that officially change? DID it officially change?

It's not a requirement much like it's not a requirement that presidents release their tax returns. Trump was urged to do this, but instead he put Eric and Donald, Jr. "in charge" and nominally changed ownership of his businesses.

IS there really evidence that Trump owes money to Russian interests? The NYT went out of its way to say that the tax returns did not reveal any so-far-undisclosed connection, however it did also say what it had was only what Trump told the IRS, and not a forensic study of his finances. Even so, if he owes money to Russians, what loans does that reside in and how do we know?

Also, would a configuration like the Ladder Loans one described in R5's link be the kind of thing you'd use for money laundering? I don't know the US system well enough to guess.

[quote] What kind of wisdom (besides how to con people) can he impart?

He already tried that: Trump University (aka known as Trump Wealth Institute and Trump Entrepreneur Initiative LLC)! Ceased operations after 5 years, sued for fraud and settled out of court.

Anthony Kennedy's son was Trump's banker at Deutsche Bank.

"he put Eric and Donald, Jr. "in charge" and nominally changed ownership of his businesses."

So even if he'd had wealth at the time of his election, it would by now all have dissipated under the "stewardship" of Tweedledum and Tweedledumber.

R1 is far too dismissive of what are obvious irregularities to be talking in good faith about this.

This thread is very enlightening about the whole thing. Basically, Trump keeps lending himself money and then adding what he lent to himself as "value" to his properties, thus hiding the fact that they're really money pits.

This doesn't make any sense, because who lies and inflates the value of a property? That means you have to pay more taxes on it than you actually owe.

The only explanation for inflating the value of properties beyond their actual value is money laundering.

R17, we know that Deutsche Bank put him into contact with Russians who purchased his businesses.

[quote]...the bank’s relationship with Trump extended well beyond making simple loans. ­Deutsche Bank managed tens of millions of dollars of Trump’s personal assets. The bank also furnished him with other services that have not previously been reported: providing sophisticated financial instruments that shielded him from risks and outside scrutiny, and making introductions to wealthy Russians who were interested in investing in Western real estate. If Trump cheated on his taxes, ­Deutsche Bank would probably know. If his net worth is measured in millions, not billions, ­Deutsche Bank would probably know. If he secretly got money from the Kremlin, ­Deutsche Bank would probably know.

[quote]Deutsche Bank also helped Trump find buyers for condos in his properties, according to people familiar with the arrangements. When he partnered in 2006 with a Los Angeles developer to build a Trump-­branded resort in Hawaii, ­Deutsche Bank organized get-­togethers in London and elsewhere to connect Trump and his partners with wealthy clients — including some from Russia — who used anonymous shell companies to buy units in the Waikiki hotel complex.

Deutsche Bank is also known for laundering Russian money:

[quote]Until the 1990s, ­Deutsche Bank was a provincial German company with a limited presence outside Europe. Today it is a $1.5 trillion colossus, one of the world’s largest banks, with offices in 59 countries — and, thanks to its well­documented pattern of violating laws, an international symbol of greed, recklessness and hubris. Its rap sheet includes manipulating international currency markets; playing a central role in rigging a crucial benchmark interest rate known as Libor; whisking billions of dollars in and out of Iran, Syria, Myanmar and other countries in violation of sanctions; laundering billions of dollars on behalf of Russian oligarchs, among many others; and misleading customers, investors and American, German and British regulators.

People have put two and two together, but there's no solid evidence as of yet.

I think he’s getting ready for bankruptcy #5 or #6 or #7 or # whatever...

To whom does Dumpass owe money to is the million dollar question. Even Nancy Pelosi knows this factoid is all that matters...and is, in fact, a national security issue. Welp, eventually we will obtain this information and it's sure going to be a foreign power.

I blame fucking John Roberts for all this shit and shenanigans. He's the stupid stooge Republican asshat that declared that campaign money was equivalent to free speech in the Bush/Cheney era. What a fucking moron. He was even warned that foreign countries could corrupt the process and he simply blew that off.

Listen people, the font of all fuck-ups is solely on the shoulders of Piece-of

Continued...Piece-of-shit Chief Justice John Roberts. Please will y'alls go and check his decisions in the GWBush years. He essentially and single-handedly put us where we are fucked today.

R25, why did he do that?

I don't really know why, except that he is a Repug. He had a hand in passing Citizens United. He ridiculesly asserted that campaign money and spending was equivalent to free speech. Essentially, the richest candidate can say/spend unlimited amounts of money became it is protected speech - even if such funds come from a foreign entity/country.

Then he also suggested that we don't need the Voter Rights Act anymore because their is no discrimination in the US. (The putz...)

Another stinkee decision was that students cannot deckare bankruptcy to discharge school loans. Yes, millionaires and billionaires and big corporations can write-off losses, but....fuck students, I guess.

The only good decision he made was voting in favor of Obamacare. I sincerely hope we can remove Roberts as Chief Justice.

All of these issues need to be revised r27. We MUST undo the damage.

[Quote] IS there really evidence that Trump owes money to Russian interests?

Back in 2014, Eric Trump said Russian money supported much of Trump’s company

Well, it must be fishy. If he could name banks like Chase, TD bank, Bank Of America or loans from American success stories like Mark Burnett or the my pillow guy, he would have shared that. Of course, he can't. He's hiding things. And he is hiding it for a reason.

R22 Excellent post, however you left off the S.American and Mexican drug cartel monies Deutsche Bank has housed and moved.

[quote]To whom does Trump owe over $400 million?

Um, that would be me.

Pay up chump!

Is good. Now you have glass of best Russian vodka.

The second part of the NY Times starts mentioning Russia, including Bayrock LLC and Felix Sater. It's all coming out now. Trump is toast.

[Quote] These are commercial loans to his companies that he is probably listed as one of the guarantors. This is pretty standard stuff in banking for closely held companies like the Trump Org.

But it’s very telling that Trump won’t name where the loans come from exactly. That’s the point

Now that the Fuhrer feels soooooo much better. (Like 20 years younger) can we get back to who he owes this money to?

Actually ... the Justice who wrote the majority opinion in Citizens United was not Chief Justice Roberts, but rather Anthony Kennedy, whose son (as noted upthread) was Trump's banker at corrupt colossus Deutsche Bank. An oligarchic web of sleaze.

Kennedy's replacement on the court, of course, was Brett Kavanaugh, who had some unexplained loans of his own (conveniently, but anonymously, paid off just before the appointment).

Kamala Harris just brought this up in the VP debate tonight, essentially insisting that the public deserves to know who Trump owes money to, and if it affects the president's decisions. In other words RUSSIA.

The Russian mob.

r1 Very much is something to see . I am not sure if you are being disingenuous but the forementioned article lays it all out in detail.

I bet the Rethuglians offered him about a billion to run as a celebrity outsider rebel. He can pay off his debts and have some leftover.

That deposit is probably why they don't want you to see his financial info. Trump probably didn't launder it well enough.

R40

Also known as the russian government...

Remember to vote for your favorite Russian mafia laundering scheme through Trump here:

Anyone speculating on the next Times piece? Parts 1 & 2 were released on 9/27 & 9/30 respectively. So it's been *checks phone* EIGHT DAYS since the last article & they said it would be a series of articles. Are they holding off because of the outbreak at the White House? If they are they shouldn't. We need the rest of the puzzle before the election.

R43, true.

You don’t need to know that! Just vote for him! “LAW AND ORDER!” 🤡

R1–Deutsche Bank did make such routine commercial real estate loans to Trump in the past. He not only defaulted—he sued them saying they were responsible for the 2008 recession that caused his Chicago building to fail. Like the rest of the financial world, that part of DB will not lend to Trump again.

He currently deals with the Private Banking side, an arrangement endorsed by DB senior management over the objections of the commercial real estate folks. Private Banking typically handles investments and routine private financial needs of the rich. They do not handle businesses or make very large long-term loans.

DB has been in trouble for helping Russian oligarchs launder money. It is quite possible that DB is acting a a middle man to obscure the true sources of Trump’s loans which are known to Trump. Given all we know, Russia is the obvious suspect.