President Donald Trump had $270 million worth of debt forgiven by lenders that he failed to pay back for a 92-floor skyscraper in Chicago, according to The New York Times.
In total, since 2010, Trump has had $287 million of debt forgiven, most stemming from the construction of the Chicago tower, which was finished in 2008, the paper reported. Trump got the majority of the money — $640 million — from Germany's Deutsche Bank, the report said, while the rest came from Fortress Investment Group, a private equity firm.
At this point, Trump's company owed Deutsche Bank around $334 million in principal and interest, and Fortress $130 million, not including interest and fees, the Times report said.
catt_joyy He stiffed creditors. It doesn’t make him smart. It makes him a thief. TrumpFailed
If anyone who cheats is a smart guy, why is Bernie Madoff in jail?
Nope.
No!! There are 2 types of people that play the game you do. Including declaring bankruptcy. 1. Those who cannot pay their bills. 2. Those that prefer to not pay their bills. You are in the last one. You prefer to not pay your bills and ruin peoples lives with your games
No it makes him a Crook
No it makes you a badd guy because you're doing business from the oval office when when you were elected was not supposed to be doing personal business
No, it makes you a deadbeat who doesn’t pay his debts.
Not smart that's for show.
PaperRich
Bill19300155 Makes you a crook and a failed Businessman
Stealing again?
It makes him beholding to people other than the Country.
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Trump had $270 million debt forgiven on Chicago skyscraper: NYT - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Debt that's forgiven = income. The building that the entire Apprentice show was created to promote turned out to be a complete failure? Bill Rancic couldn't save it? A guy who sold cigars online before trump put him in charge? I'm SHOCKED. What capacity he had been forgiven of the debt?
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