Trump owes China millions

[Yehren]

Donald Trump is warning “China will own the United States” if Joe Biden is elected president.

But Trump himself has taken on debt from China. In 2012, his real estate partner refinanced one of Trump’s most prized New York buildings for almost $1 billion. The debt included $211 million from the state-owned Bank of China — its first loan of this kind in the U.S. — which matures in the middle of what could be Trump’s second term.

Steps from Trump Tower in Manhattan, the 43-story 1290 Avenue of the Americas skyscraper spans an entire city block. Trump owns a 30 percent stake in the property valued at more than $1 billion, making it one of the priciest addresses in his portfolio, according to his financial disclosures.

Trump’s ownership of the building received a smattering of attention before and after his 2016 campaign. But the arrangement with the Bank of China in 2012 has gone largely unnoticed. The questions surrounding Trump’s ties to the Bank of China come as his campaign is claiming that Biden would be a gift to the Communist country and America’s chief economic rival.

After the first version of this article was published, the Bank of China issued a statement Friday evening stating that it sold its debt on the building weeks after the 2012 loan on the property. Vornado Realty Trust owns 70 percent of the building.

...
Another public document, however, lists Bank of China as a creditor on 1290 Avenue of the Americas even after the bank said it was no longer involved in the property. Filed in 2017 with the New York City Department of Finance Office of the Register, it lists the Bank of China as a secured party having a financial interest in the building’s fixtures.

The Bank of China could not explain why its name was listed on the 2017 document, describing it as “technical error.” Trepp, a database of securitized mortgages, also listed the Bank of China along with the three other banks, in a description on their site about the financing of the building. The site noted the Bank of China might securitize their portion of the loan, although there were no additional comments.
Trump owed tens of millions to Bank of China

The fact that he's beholden to China is one thing; the fact that China and others are trying to hide the fact is more concerning.

 

[Reggie Belafonte]

Who owns China ! one could say, I know who owns China and the USA ?
Who created China ? the same people who own USA.
I one was to take out a lone on a new house that you will be paying off for 30 years and if I asked who is it that I am helping with my money paying off that lone, what do I get back ? nothing ! I have no rights to know, if I am helping Islamic Banking interest or the % of Islamic involvement within such a lone. but do he majority of people even care ? no ! they are stupid as they come ! you are being bought out, you are aiding and abetting a enemy of yours. but does the majority care ? so give it time and such as they could own you in fact.

I have a Communist mate who only has 2 million and is chasing his max return ? I say but who is it that you are supporting with that money, well he does not care at all, but I would not invest with the enemy at all, regardless. such people are traitors I could say but our whole Banking system is corrupted way beyond what anyone would think, look at the system in WW2 just for one, look at the cover ups. all that Jewish Gold for one is a topic in it's self.
Who truly owns us ? why are we in so much debt. are we stupid or what. you don't need to shoot people in a war to win a war and dominate over all, look at the power of Islam over the west nowadays, you can not even criticize Islam nowadays for fear of the Law coming down on you and all, but feel free to attack Christianity all one wants and all is fine.

To find out who you are controlled by, you only need look who you can not question or criticize.

 

[Yehren]

Who truly owns us ? why are we in so much debt. are we stupid or what. you don't need to shoot people in a war to win a war and dominate over all, look at the power of Islam over the west nowadays, you can not even criticize Islam nowadays for fear of the Law coming down on you and all

You just did. It's protected speech, unless you actually do something to harm them. At least it is in the United States.

Of course, there are lots of people who object to that kind of thing, and they might not want to have anything to do with you. But that's freedom, too.

You can say what you like, but you can't demand that others approve of it.

 

[Enoch111]

The fact that he's beholden to China is one thing; the fact that China and others are trying to hide the fact is more concerning.

The two debts (one being that of America) will cancel each other out. Since China is responsible for this latest virus which has cost America trillions of dollars, the USA owes China nothing. Neither does Trump personally, as your misleading title suggest. Try to avoid FAKE NEWS in the future, since people are sick and tired of it. And you are still suffering from Trump Derangement Syndrome.

 

[Yehren]

The two debts (one being that of America) will cancel each other out. Since China is responsible for this latest virus which has cost America trillions of dollars, the USA owes China nothing. Neither does Trump personally, as your misleading title suggest.

Actually, his debts to China are a matter of public record. Try to avoid fake news in the future; this one is impossible to deny. It seems you are still suffering from Trump Derangement Syndrome.
Trump owed tens of millions to Bank of China

As I said, the fact that they tried to hide it is most troubling.

And good luck with a claim that any nation were a disease originates, is responsible for paying for a pandemic.

 

[Giuliano]

And then there's the Deutsche Bank problem looming.

Deutsche Bank refuses to give U.S. senators information on recent Trump dealings

Deutsche Bank (DBKGn.DE) has declined a request by prominent U.S. senators to provide information about the German lender’s recent business dealings with U.S. President Donald Trump and his family, according to a letter this week seen by Reuters.

Four Democratic senators, led by Elizabeth Warren, earlier this month demanded details from Deutsche Bank Chief Executive Christian Sewing about the bank's interaction this year with Trump and his family's companies. (here)

The bank is one of the largest creditors for Trump’s hotels, golf courses and other properties, according to filings. The senators are concerned the bank may be giving the family preferential treatment on loan repayments in the wake of the coronavirus outbreak as Deutsche Bank itself remains under investigation by the U.S. Department of Justice. . . .

Next month, the U.S. Supreme Court is scheduled to hear arguments in a case over whether Deutsche must turn over Trump’s financial records subpoenaed by two congressional committees.

 

[Enoch111]

Actually, his debts to China are a matter of public record.

That is Fake News, and you love these fakers even though they are being sued for their lies. So what doe that tell you about yourself?

Politico Edits False Story Claiming Trump Owes Millions to China
https://www.breitbart.com/the-media...-story-claiming-trump-owes-millions-to-china/
Updates (But No Correction) After Pressure from Breitbart News

Politico edited on Saturday morning a story claiming Donald Trump owes millions to the Bank of China for a loan on a New York City office building, hours after Breitbart News exposed the story as false.

The story now begins with a note that it has been “updated to include comment from the Bank of China and additional reporting.” Despite the initial story being substantively incorrect and getting several details wrong, Politico did not issue a formal correction, as standard journalistic good practice would indicate they should. What’s more, the story continues to be wrong in several places... [Note: As usual, these liars never have to grace to sincerely apologize to Trump and honestly admit that they lied]

Breitbart News reported Friday that the story was wrong. President Trump is not the debtor and Bank of China is not the creditor on the loan to 1290 Avenue of the Americas. Trump is the minority partner in a real estate deal that owns the building, had nothing to do with arranging the loans, and is not liable for their repayment. Bank of China was one of a consortium of lenders in 2012 that provided $950 million but sold its interest days later when the loan was repackaged into bonds for investors.

 

[Taken]

Trump owes China millions
OP ^

LOL

 

[Yehren]

Trump Owed Millions to Bank of China for Building Loan, Records Show

By Tobias Hoonhout


April 24, 2020 4:01 PM
Politico reported Friday that Trump’s investment in 1290 Avenue of the Americas, a 43-story building adjacent to the Trump Tower in Manhattan, is a passive one, with Vornado Realty Trust holding the majority stake — 70 percent — in the skyscraper, which has a market value of over $1 billion.

In a 2012 refinancing of the building, the Bank of China became the first Chinese lender to join the U.S. commercial-mortgage-backed securities market by providing a $211 million loan. Vornado and Trump are due to pay back the loan by November 2022, with Chinese experts warning that Beijing could have compromising financial information on the president.

Trump has mentioned the investment in the past, saying when he announced his candidacy in 2015 that he owns “a big chunk” of the building “that I got from China in a war.” The New York Times reported in 2016 that Trump received his 30 percent share in the building in a court order, after suing former Hong Kong business partners for cash, who he argued had committed a “staggering breach” of fiduciary duty for not consulting him on a real-estate development sale.

“Through more luck than talent, I ended up much better because the buildings have increased in value,” Trump said at the time. “In the end, it was fine.”

Trump’s reelection campaign has centered around China as a key issue for 2020, releasing attack ads targeting Biden’s past praise of China, and his son Hunter’s business dealings in the country. The younger Biden was appointed to the board of a Chinese private equity firm after arranging a meeting between the firm’s founder and his father during a diplomatic trip in 2013.

A spokesperson representing the Bank of China USA told National Review in a statement that the Bank of China “has not had any ownership interest in that loan since late November 2012.”
Bank of China -- Trump Owes Millions for Building Loan, Records Show | National Review

The paper showing that the Bank of China holds the loan was claimed by the bank to be an "error." Yep. And Breitbart is a news outlet, and you can cure your COVID-19 infection by injecting yourself with bleach. National review may be on the right, but they are at least as responsible as Politico.

 

[Yehren]

Next month, the U.S. Supreme Court is scheduled to hear arguments in a case over whether Deutsche must turn over Trump’s financial records subpoenaed by two congressional committees.

That would be a disaster for Trump right now. He might find out just how pliable those conservative picks are.

 

[Reggie Belafonte]

You just did. It's protected speech, unless you actually do something to harm them. At least it is in the United States.

Of course, there are lots of people who object to that kind of thing, and they might not want to have anything to do with you. But that's freedom, too.

You can say what you like, but you can't demand that others approve of it.

Never have demanded any such thing, How old are you under 30yo ?
I can remember back to the 60's to the 80's and no one ever stood over anyone and claimed what they could or not say, unless they were talking filth, but this is not filth talk at all. we live in a type of new age Nazi Germany now and have some moron go of their rocker demanding you not to speak your mind about reality.
I have come across filth type nowadays openly being revolting but they get away with this rubbish, I was set to bash 3 of them once when I took my wife out for her birthday, but I just had to turn off from them because I know that the Law now protects them, but once I could of went for such as that type and just said what they were saying to the police and all would be fine, simple as that. they deserved it and that would be a lesson for them, not to be filth mongers in public. my wife was really up set by them talking like that when we were eating. they were trying to make us so we could not eat.
I had a old bloke in his 90's come up to me as I was looking out to sea about 3 years ago, he had just come from the surf club where some woman abused him when he was having a meal saying, you can't speak like that and then we started talking till the sun went down about such PC nonsense we have to deal with nowadays, he was a great bloke, we were talking about how the world is becoming more dictating and the socialist are brainwashing people, giving power to idiots and low life degenerates and all.
Little boys metro sexual types and the so called empowered women sprout up and demanding to a man as trying to dominate over you like a school teacher would, as to what you cannot say nowadays.
All this peddling of woman to be strong dominating types is a disgrace, fem bots, fem a nazi's are encouraged and Men are encouraged to become little metro sexual ding bats. all the little no hopers and bludgers are empowered.
A real woman would never talk down to a man like a raving rat bag like we can see going on nowadays.
The Media here is pushing that women get involved in fights or arguments Hell even I do not get involved in such, I seen on the news one bloke abusing the car to go in front of him and this woman came over and came the heavy with the bloke abusing the one in front, well that woman got punched fell over and hit her head on the road knocked out cold. I said to my girls and wife, see the media are idiots ! peddling this type of thing. I know what reality is I don't live in a fantasy world like the new age do. they are only going to destroy everything as they have created a joke of a world nowadays they are that stupid. I despise such people because they are under Satan's power ! if you understand the working of Satan then one can understand how its working create people who are possessed by demons.

 

[Reggie Belafonte]

That would be a disaster for Trump right now. He might find out just how pliable those conservative picks are.

When you are talking about very rich people, business and money lending could be anywhere.

Go look at just the local council and try and work all that dealing all out, nothing is clear cut for all to see and they should be totally open and accountable for all to see but they sure are not. never seen any one try and expose such at all.

What a real wealthy business man does with funding his business is no ones business at all really, when they have dealings all over the world. you could toss enough to make something try and stick regardless with the average dolt to swallow.

Who goes and ask Lord Rothschild what he is doing, no one would dare not even the whole USA could say peep to him.

Mate even the Jews Gold stolen heads to a dead end.

The USA is bankrupt and does the majority know or even care why, let alone that the left are hell bent trying to destroy Democracy and that's clearly the case, they are pushing the USA to become a Communist garbage dump. the Media are total whores outright lie after lie is spun, it's just like Nazi Germany's Zionist Media was ! totally in bed with the Nazi Party. the media today is totally run by the same type of Zionist Socialist bastards that Nazi Germany had spinning total BS to the people.
The Germans swallowed it all hook line and sinker back in the 1930's -40's and the whole world is swallowing the same BS now.

 

[Giuliano]

The paper showing that the Bank of China holds the loan was claimed by the bank to be an "error." Yep.

No details from the Bank of China about why they haven't had any interest in it since 2012? Was the loan paid off in full, or did it get sold to another party? Is that date of November 2012 right -- could it be later? Could the loan have been written off for "some reason" -- raising the specter of the quid pro quo again?

And Breitbart is a news outlet, and you can cure your COVID-19 infection by injecting yourself with bleach. National review may be on the right, but they are at least as responsible as Politico.

If you can separate the spin from the facts, Breitbart sometimes carries articles that report things most other media don't. It's usually slamming Democrats, of course, but behind all the spin often there are facts.

I also saw this article just this morning: Pig Farmers Face Euthanizing Scores of Animals as Supply Chain Stalls.

The spread of coronavirus at American meat packing plants, where many employees work in crowded conditions, has caused a bottleneck in the supply chain that has left pig farmers without access to processing plants to get their product from ranches to consumers. Now they want help from the federal government.

Farmers “will need help in a significant way,” Pat McGonegle, CEO of the Iowa Pork Producers Association, said in a DesMoines Register report, adding that unless the pigs can be processed that help may include destroying thousands of animals.​

. . .
State officials said that as many as 40,000 pigs are not being processed daily, causing pork producers to lose as much as 40 percent of their production capacity.

This slows the supply chain as market-weight hogs aren’t sent for processing, while hundreds of new piglets arrive to be fed and fattened.

Iowa is asking the USDA to cough up money and to help with disposal of the carcases if farmers have to euthanize their pigs. Breitbart doesn't discuss the background; but you can infer quite a bit. Conditions were probably not the best before COVID-19. The immigrant workers often also live in crowded conditions.

At Iowa Meatpacking Plant, New Workers Complain

Rapier walks me into the two-story home he shares with at least six other packing plant workers.

Mr. RAPIER: I sleep there. And my bunkie sleeps here. That's our bathroom right here.

LUDDEN: They sleep on mattresses on the floor crammed into the dining room, utility room, and they're told will soon have another roommate in the dank concrete basement. There's no furniture. The upstairs shower doesn't work. And in the living room and kitchen, ceiling leaks have left rotted-out holes.

Mr. RAPIER: I mean, they treat us like illegal immigrants, right? You crowd a bunch of people in one house, you know? And see, illegal immigrants couldn't complain because they're illegal.

Things were not the best for immigrant workers under Obama, and I think they got worse under Trump. It was a disaster waiting to happen; and I say the big-business anti-immigrant policy of this administration helped create it. Breitbart probably wouldn't want to discuss that although they covered the meat-packing problem and how it's affecting farmers. And do you remember how Trump commuted the 27 year sentence of the the Chabad rabbi convicted for his financial crimes in a kosher meat packing company? That story didn't involve health risks to employees; but it did involve hiring illegal aliens and minors. Jared Kushner asked Trump to commute the sentence, and Trump did it.