Social Question

Tropical_Willie's avatar

Who does Trump personally owe $300 million in loans that need to paid off in the next four years?

Asked by Tropical_Willie (31492points) September 29th, 2020

Trump has personal loans in excess of $300 million and additional $100 million in debt. He cannot get loans from US banks and lending institutions. Maybe the money is coming Putin and the Russian oligarchs.

Observing members: 0 Composing members: 0

7 Answers

Tropical_Willie's avatar

Here’s one of the articles about the loans.

Market Watch September 28, 2020

Call_Me_Jay's avatar

Eric Trump – “We don’t rely on American banks. We have all the funding we need out of Russia. We’ve got some guys that really, really love golf, and they’re really invested in our programs. We just go there all the time.”

https://www.wbur.org/onlyagame/2017/05/05/james-dodson-donald-trump-golf

LuckyGuy's avatar

Let’s make a bet, shall we?
I say he will move the loan to a company he owns. promise to cover the loans with higher interests, But, will soon file Chapter 11, then Chapter 7, (bankruptcy for companies), screwing the banks, people, investors, fund owners, out of 99% of the amount.
He’s done this several times already for billions of dollars with his casino and hotel bankruptcies.

After all his failed businesses and bankruptcies, someone needs to investigate who he bribed to get the loan approvals in the first place.

Tropical_Willie's avatar

If Putin is his Shylock, Vlad will get ‘a pound of flesh’ when all is done.

zenvelo's avatar

He has owed a lot of money to Deutsche Bank, which is why Deutsche Bank has been reluctant to cooperate with the FBI for the last 4 years.. Deutsche Bank is the money launderer of choice for Russian oligarchs.

Zaku's avatar

@Tropical_Willie I expect that he might be killed to shut him up, if anyone thinks he might talk and be believed by anyone they don’t want to hear. But I think he’s already repaid his debts “in kind” long ago. Actually they probably don’t need to silence him because he may well not even really know who’s pulling his strings. The ultra-wealthy-and-powerful learned long ago to operate through a chain of others.

RedDeerGuy1's avatar

He might just create another business. Transfer his debt to it. Then have it declare bankruptcy. Problem solved. @LuckyGuy beat me to it.

Answer this question

Login

or

Join

to answer.
Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
or
Knowledge Networking @ Fluther