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   tx.politics      Texas politics      122,019 messages   

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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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