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|    Message 120,188 of 122,019    |
|    NoName to All    |
|    Drump owes Jina $211M in loans    |
|    25 Apr 20 14:44:50    |
      XPost: alt.guitar.amps, alt.politics.usa.republican, alt.politics.democrats.d       XPost: tx.general, tx.guns       From: NoEmail@void.net               Trump and his business partners are on the hook to the Chinese       government to the tune of $211 million. Now, critics are starting to       wonder whether that substantial financial leverage might be used for       political leverage against the White House as well.              Politico dredged up the relationship between Trump, Vornado Realty Trust       and their lenders in a Friday article contrasting the president’s       occasionally tough-on-China rhetoric with his own monetary ties to the       People’s Republic via the state-owned Bank of China.              As a multi-million dollar Manhattan realty deal, the financial situation       is perforce complex. The New York Times offered a thorough breakdown of       the situation in an August 2016 article titled “Trump’s Empire: A Maze       of Debts and Opaque Ties.” The Times explains:              One of these investments involves an office tower at 1290 Avenue of       Americas, near Rockefeller Center. In a typically complex deal, loan       documents show that four lenders — German American Capital, a subsidiary       of Deutsche Bank; UBS Real Estate Securities; Goldman Sachs Mortgage       Company; and Bank of China — agreed in November 2012 to lend $950       million to the three companies that own the building. Those companies,       obscurely named HWA 1290 III LLC, HWA 1290 IV LLC and HWA 1290 V LLC,       are owned by three other companies in which Mr. Trump has stakes.              Ultimately, through his investments, Mr. Trump is a 30 percent owner of       the building, records show. Vornado Realty Trust owns the other 70       percent and is the controlling partner.              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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