Sputnik... US presidential contender Donald Trump appears to have twice as much debt as the $315 million that he officially declared in a filing to the Federal Election Commission, US media found. The Rust Belt Messiah: How Trump Can Resuscitate US Manufacturing MOSCOW (Sputnik) — The billionaire businessman owns properties that have a debt of at least $650 million, the New York Times reported Saturday after studying the paperwork.
The newspaper said Goldman Sachs and the Bank of China were some of Trump’s lenders, this despite his frequent claims that he relied on no one for funding while on the election campaign trail.
One of his indebted properties is an office building in Manhattan in New York City, which comes with a $950 million loan from an array of financial institutions.
The real-estate mogul’s personal wealth is reportedly estimated at over $10 billion. Trump takes pride in his business prowess and has repeatedly said his financial skills will help him lead the country if he is elected.
Poster Comment:
If people with money trust Trump then why shouldn't everyone else.