January 6, 2017

Trump companies owe more than $1 billion

News, Australia - Debt “connected” to the President-elect’s companies adding up to more than $US1 billion is owed to more than 150 financial institutions, the Wall Street Journal reported overnight. According to the Journal, the loans were divided, repackaged and then sold in the form of bonds over the past five years, with some of them personally guaranteed by Mr Trump — who previously estimated his companies’ debt obligations at $US315 million.

1 comment:

Anonymous said...

I've never believed in debtor's prison, but looking at the resident-elect's debts and how they came about by not paying people who did work for him and who knows what other sleaze, the nazi cheeto has perpetrated. I'd like to bring back debtor's prison, just for the cheeto.