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Old 04-24-2020, 08:31 AM
 
21,430 posts, read 7,461,898 times
Reputation: 13233

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Trump owes tens of millions to the Bank of China — and the loan is due soon

" ... 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 recent criticisms of China have been muddied by his own mixed messaging as well as by his numerous financial ties to the country. Those connections extend far beyond the Avenue of the America’s loan: Chinese state-owned companies are constructing two luxury Trump developments in United Arab Emirates and Indonesia. The president and his daughter Ivanka Trump, a White House adviser, have been awarded trademarks by China’s government. And his son-in-law, Jared Kushner, has courted Chinese investors in at least one other real estate deal."

Add to that (obviously) Trump's branded products (ties and suits come to mind) which could easily be manufactured here, made in China and imported to the USA.

Trump the hypocrite.

 
Old 04-24-2020, 08:40 AM
 
Location: Native of Any Beach/FL
35,704 posts, read 21,070,199 times
Reputation: 14254
Hmmm if starts a war with them, maybe can disengage and somehow cancel the debt ?
 
Old 04-28-2020, 03:49 PM
 
19,848 posts, read 12,110,307 times
Reputation: 17578
FALSE!

Bank of China has not had any ownership interest in that loan since late November 2012. Politico didn't bother verifying with Bank of China before posting the article. How TF are they a reliable fact checker when they do not even fact their own stories before publication?
 
Old 04-28-2020, 03:51 PM
 
14,489 posts, read 6,102,029 times
Reputation: 6842
Politico had to retract this story but not before libs like the OP gobbled it up and started spreading it
 
Old 04-28-2020, 03:54 PM
 
5,717 posts, read 3,148,043 times
Reputation: 7374
Actually, that's fake news. It's sad that we have to keep doing your fact-checking for you.

https://www.politico.com/news/2020/0...f-china-214107

Quote:
On Friday evening, POLITICO received a statement from a representative for Bank of China USA, which had not been contacted beforehand, that the bank had sold off, or securitized, its debt shortly after the 2012 deal. A spokeswoman said the bank has no current financial interest in any Trump Organization properties. We updated the body of the article to take account of the bank’s statement. The original headline was changed to “Trump owed tens of millions to the Bank of China.”
 
Old 04-28-2020, 03:56 PM
 
13,711 posts, read 9,237,274 times
Reputation: 9845
Quote:
Originally Posted by shadowne View Post
FALSE!

Bank of China has not had any ownership interest in that loan since late November 2012. Politico didn't bother verifying with Bank of China before posting the article. How TF are they a reliable fact checker when they do not even fact their own stories before publication?

They did fact checked it.

A 2017 document filed by the loan servicer listed Bank of China as one of the creditors.

Wells Fargo claimed they filed the document with error and is taking steps to correct it, Politico's fact checking uncovered this error by the bank.

This is a case of Politico reporting based on official paperwork filed by the bank, and it turns out the bank (or so they claimed) made a mistake.

And then Politico issued a correction as any respectable publication would.

Fox News could learn a lot from them.

If true, this raises question as to why the Trump Organization didn't know the wrong bank has an official claim on their property. It could be a no big deal, or it could be really huge deal if ever there is an issue with the loan. They have this asset that is worth a lot of money and they didn't bother to check who has a right to it. Stable genius. SMH.

.
 
Old 04-28-2020, 03:56 PM
 
159 posts, read 54,333 times
Reputation: 111
Politico lied again. It's funny how leftists and their media goons accuse Trump of lying while simultaneously engaging in endless lies themselves.
 
Old 04-28-2020, 03:58 PM
 
5,717 posts, read 3,148,043 times
Reputation: 7374
Quote:
Originally Posted by beb0p View Post
They did fact checked it.

A 2017 document filed by the loan servicer listed Bank of China as one of the creditors.

It turns out Wells Fargo made an error in the
They seem to be making a lot of "errors" lately. And notice how these "accidents" always seem to fall in the same direction?
 
Old 04-28-2020, 04:00 PM
 
34,279 posts, read 19,380,515 times
Reputation: 17261
Quote:
Originally Posted by neko_mimi View Post
They seem to be making a lot of "errors" lately. Notice how these "accidents" always seem to fall in the same direction?

Yeah, almost like trump is selectively leaking false information.


Something he has a history for, including made up personas that were actually him talking about himself.
 
Old 04-28-2020, 04:02 PM
 
Location: San Diego
18,741 posts, read 7,617,731 times
Reputation: 15011
Quote:
Originally Posted by neko_mimi View Post
Actually, that's fake news. It's sad that we have to keep doing your fact-checking for you.
If leftists like Hesychios had to restrict themselves to posting the truth, they'd have nothing to say at all.

Gee, that would be terrible, wouldn't it.
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