Sunday, October 30, 2016

tRump And Bankruptcy

In case missed these important points, here's a  good summary of tRumpian financial chicanery.

Daily PUMA: Donald Trump's insane banter about the Clinton Foundation continues.:

...It is also important to note that when Donald Trump received close to 2 billion dollars in debt forgiveness back in the 90's, (around 900 million from the IRS and 900 million from his investors desperately trying to salvage some of the Trump properties that were headed for bankruptcy), that to actually pay back that almost 2 billion dollars in debt would have required AT LEAST another 1 to 2 billion dollars in interest rate charges and perhaps 5 to 10 years to pay back that debt. So in total, Donald Trump received at least 3 Billion dollars in debt forgiveness.

It also important to note that bankruptcy laws were changed and significantly toughened against consumers, and one wonders if there is a smoking gun pointed at Donald Trump's excesses that led to the clamping down on the consumer!...

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