Trump owed tens of millions to Bank of China

[Synthaholic]

Anyone claiming that this had no effect on his decisions regarding China is just dishonest.

Trump owed tens of millions to Bank of China​

The president's financial dealings with the state-owned bank complicate his attacks on Biden.


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, 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 a30 percent stake in the property valued atmore 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, 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.

“On November 7, 2012 several financial institutions including the Bank of China participated in a commercial mortgage loan of $950 million to Vornado Realty Trust,” said Peter Reisman, managing director and chief communications officer of Bank of China U.S.A. “Within 22 days, the loan was securitized and sold into the [commercial mortgage-backed securities] market, as is a common practice in the industry. Bank of China has not had any ownership interest in that loan since late November 2012.”

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 in2017 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 — such as air conditioning systems and toilets — in case of default on the loan.


More bad news for Trump at the link.

 

[Thinker101]

And the Biden family gets tens of millions from China, strange how that works.

 

[MaryL]

Anyone claiming that this had no effect on his decisions regarding China is just dishonest.

Trump owed tens of millions to Bank of China​

The president's financial dealings with the state-owned bank complicate his attacks on Biden.


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, 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 a30 percent stake in the property valued atmore 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, 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.

“On November 7, 2012 several financial institutions including the Bank of China participated in a commercial mortgage loan of $950 million to Vornado Realty Trust,” said Peter Reisman, managing director and chief communications officer of Bank of China U.S.A. “Within 22 days, the loan was securitized and sold into the [commercial mortgage-backed securities] market, as is a common practice in the industry. Bank of China has not had any ownership interest in that loan since late November 2012.”

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 in2017 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 — such as air conditioning systems and toilets — in case of default on the loan.


More bad news for Trump at the link.

Really? GAS LIGHTING.

 

[Yarddog]

Anyone claiming that this had no effect on his decisions regarding China is just dishonest.

Trump owed tens of millions to Bank of China​

The president's financial dealings with the state-owned bank complicate his attacks on Biden.


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, 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 a30 percent stake in the property valued atmore 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, 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.

“On November 7, 2012 several financial institutions including the Bank of China participated in a commercial mortgage loan of $950 million to Vornado Realty Trust,” said Peter Reisman, managing director and chief communications officer of Bank of China U.S.A. “Within 22 days, the loan was securitized and sold into the [commercial mortgage-backed securities] market, as is a common practice in the industry. Bank of China has not had any ownership interest in that loan since late November 2012.”

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 in2017 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 — such as air conditioning systems and toilets — in case of default on the loan.


More bad news for Trump at the link.

really? you think a big commercial real estate guy like Trump takes out loans from banks??? unheard of! criminal !!! wow you got him now!!!

 

[Yarddog]

meanwhile ...




Trump imposed tarriffs in 2018 to counter the trade deficit with China and try force the Chinese to abandon unfair trade practices.. not exactly the practices of someone who is beholden to China...
and then it was Democrats who freaked out when Trump called COVID the China virus.... which it was, because it eminated from there

 

[frigidweirdo]

Anyone claiming that this had no effect on his decisions regarding China is just dishonest.

Trump owed tens of millions to Bank of China​

The president's financial dealings with the state-owned bank complicate his attacks on Biden.


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, 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 a30 percent stake in the property valued atmore 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, 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.

“On November 7, 2012 several financial institutions including the Bank of China participated in a commercial mortgage loan of $950 million to Vornado Realty Trust,” said Peter Reisman, managing director and chief communications officer of Bank of China U.S.A. “Within 22 days, the loan was securitized and sold into the [commercial mortgage-backed securities] market, as is a common practice in the industry. Bank of China has not had any ownership interest in that loan since late November 2012.”

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 in2017 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 — such as air conditioning systems and toilets — in case of default on the loan.


More bad news for Trump at the link.

I doubt Trump's different policies on China had anything to do with how much he owes China.

His first two years policy was all about money, but making money. He bigged up Xi, he tried to get the two countries closer together.

His last two years policy was all about political gain, realizing his supporters hated China, he went after China same as he went after NATO.

Trump didn't seem to care whether he made or lost money in his presidency, he has enough money in his life to not care about that, he wanted something else, adoration.

 

[Yarddog]

I doubt Trump's different policies on China had anything to do with how much he owes China.

His first two years policy was all about money, but making money. He bigged up Xi, he tried to get the two countries closer together.

His last two years policy was all about political gain, realizing his supporters hated China, he went after China same as he went after NATO.

Trump didn't seem to care whether he made or lost money in his presidency, he has enough money in his life to not care about that, he wanted something else, adoration.

Trump Refused to be NATO's bitch and gave them some tough talk.... he also got them to pay more of their fair share.. something Democrats NEVER would have done, because they dont negotiate for the benefit of the U.S., they negotiate for the benefit of the "world" if that means the U.S. crippling itself economically or paying more.

but nice story though on your part

'Trump is having an impact': NATO head credits president's tough talk for $100B boost

Jens Stoltenberg, the NATO secretary general, said Trump is helping the alliance adapt to "a more unpredictable world."

www.usatoday.com

 

[frigidweirdo]

Trump Refused to be NATO's bitch and gave them some tough talk.... he also got them to pay more of their fair share.. something Democrats NEVER would have done, because they dont negotiate for the benefit of the U.S., they negotiate for the benefit of the "world" if that means the U.S. crippling itself economically or paying more.

but nice story though on your part

'Trump is having an impact': NATO head credits president's tough talk for $100B boost

Jens Stoltenberg, the NATO secretary general, said Trump is helping the alliance adapt to "a more unpredictable world."

www.usatoday.com

"Fair share" in the first place is total bullshit.
The US doesn't pay it's "fair share".

The problem is Trump was just presenting simple statistics that don't have any relation to reality

1) This is based only on military spending. Not based on whether that military spending is NATO based or not.

For example, the US spent $778 billion on defense spending in 2019. However the US spends $11 billion a year on troops in Japan and South Korea. Nothing to do with NATO. That's 1.4% of the budget right there. The US has 7 bases in Australia, one in Cuba, 10 in Saudi Arabia, 10 in Kuwait... all have nothing to do with NATO.

The US fought in Iraq, that was costing the US a hell of a lot of money, and still is, paying for the healthcare and all kinds of things that will live with the US for a long time.

2) There's NATO running costs... The US provides just over 16% of NATO running costs. And yet Germany provides MORE and Germany has a population 4 times smaller. The UK, five times smaller pays 11%. Huh? The US is no way paying its fair share here.

How much do Nato members spend on defence?

Donald Trump says he would encourage Russia to attack Nato members who do not spend enough on defence.

www.bbc.com

A lot of the data isn't all in one place. To separate NATO spending direct, indirect and completely nothing to do with NATO would take a lot of time. But if we take the spending on things we know have nothing to do with NATO, the US percentage of GDP would drop a lot.

 

[Lastamender]

Anyone claiming that this had no effect on his decisions regarding China is just dishonest.

Trump owed tens of millions to Bank of China​

The president's financial dealings with the state-owned bank complicate his attacks on Biden.


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, 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 a30 percent stake in the property valued atmore 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, 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.

“On November 7, 2012 several financial institutions including the Bank of China participated in a commercial mortgage loan of $950 million to Vornado Realty Trust,” said Peter Reisman, managing director and chief communications officer of Bank of China U.S.A. “Within 22 days, the loan was securitized and sold into the [commercial mortgage-backed securities] market, as is a common practice in the industry. Bank of China has not had any ownership interest in that loan since late November 2012.”

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 in2017 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 — such as air conditioning systems and toilets — in case of default on the loan.


More bad news for Trump at the link.

Is it against the law to owe money?

 

[BackAgain]

Anyone claiming that this had no effect on his decisions regarding China is just dishonest.

Trump owed tens of millions to Bank of China​

The president's financial dealings with the state-owned bank complicate his attacks on Biden.


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, 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 a30 percent stake in the property valued atmore 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, 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.

“On November 7, 2012 several financial institutions including the Bank of China participated in a commercial mortgage loan of $950 million to Vornado Realty Trust,” said Peter Reisman, managing director and chief communications officer of Bank of China U.S.A. “Within 22 days, the loan was securitized and sold into the [commercial mortgage-backed securities] market, as is a common practice in the industry. Bank of China has not had any ownership interest in that loan since late November 2012.”

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 in2017 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 — such as air conditioning systems and toilets — in case of default on the loan.


More bad news for Trump at the link.

Breaking news from 2020. Syndi is right on top of things.

 

[Leviticus]

Trump doesn't really have policies on China. His talking points change depending on what he thinks the people in the room want to hear.

When he was 1st elected he was praising the president of China abolishing elections and Becoming president for life. And actually said that he would like to see that happened in the United States.

 

[Lastamender]

Trump doesn't really have policies on China. His talking points change depending on what he thinks the people in the room want to hear.

When he was 1st elected he was praising the president of China abolishing elections and Becoming president for life. And actually said that he would like to see that happened in the United States.

Find that quote and source it. Thanks.

 

[WTH_Progs?]

Anyone claiming that this had no effect on his decisions regarding China is just dishonest.

Trump owed tens of millions to Bank of China​

The president's financial dealings with the state-owned bank complicate his attacks on Biden.


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, 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 a30 percent stake in the property valued atmore 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, 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.

“On November 7, 2012 several financial institutions including the Bank of China participated in a commercial mortgage loan of $950 million to Vornado Realty Trust,” said Peter Reisman, managing director and chief communications officer of Bank of China U.S.A. “Within 22 days, the loan was securitized and sold into the [commercial mortgage-backed securities] market, as is a common practice in the industry. Bank of China has not had any ownership interest in that loan since late November 2012.”

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 in2017 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 — such as air conditioning systems and toilets — in case of default on the loan.


More bad news for Trump at the link.

You leftists are a real piece of work. It's a proven fact the Bidens are in bed with China for billions, yet you assholes want to talk about Trump who bankrolls throughout the world, legally. Who gives a flying fuck if he sees fit to bank with China? Obviously Trump and his accountants penciled it out.

 

[surada]

Lastamender

Trump says maybe U.S. will have a president for life someday

President Donald Trump says he thinks it's great that China's president now holds that office for life.

www.pbs.org

 

[surada]

Find that quote and source it. Thanks.

Trump says maybe U.S. will have a president for life someday

President Donald Trump says he thinks it's great that China's president now holds that office for life.

www.pbs.org

 

[Lastamender]

Trump says maybe U.S. will have a president for life someday

President Donald Trump says he thinks it's great that China's president now holds that office for life.

www.pbs.org

You can't tell when he is joking? Of course you can't.

 

[dudmuck]

You leftists are a real piece of work. It's a proven fact the Bidens are in bed with China for billions, yet you assholes want to talk about Trump who bankrolls throughout the world, legally. Who gives a flying fuck if he sees fit to bank with China? Obviously Trump and his accountants penciled it out.

BHR on e said they wanted to invest 1.5 billion outside China, but no Biden has ever received that.

 

[surada]

You can't tell when he is joking? Of course you can't.

You didn't read the link,did you?

 

[westwall]

Anyone claiming that this had no effect on his decisions regarding China is just dishonest.

Trump owed tens of millions to Bank of China​

The president's financial dealings with the state-owned bank complicate his attacks on Biden.


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, 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 a30 percent stake in the property valued atmore 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, 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.

“On November 7, 2012 several financial institutions including the Bank of China participated in a commercial mortgage loan of $950 million to Vornado Realty Trust,” said Peter Reisman, managing director and chief communications officer of Bank of China U.S.A. “Within 22 days, the loan was securitized and sold into the [commercial mortgage-backed securities] market, as is a common practice in the industry. Bank of China has not had any ownership interest in that loan since late November 2012.”

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 in2017 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 — such as air conditioning systems and toilets — in case of default on the loan.


More bad news for Trump at the link.

But the xiden crime family getting over a billion doesn't count.

DURRRRRR

 

[mudwhistle]

"Fair share" in the first place is total bullshit.
The US doesn't pay it's "fair share".

The problem is Trump was just presenting simple statistics that don't have any relation to reality

1) This is based only on military spending. Not based on whether that military spending is NATO based or not.

For example, the US spent $778 billion on defense spending in 2019. However the US spends $11 billion a year on troops in Japan and South Korea. Nothing to do with NATO. That's 1.4% of the budget right there. The US has 7 bases in Australia, one in Cuba, 10 in Saudi Arabia, 10 in Kuwait... all have nothing to do with NATO.

The US fought in Iraq, that was costing the US a hell of a lot of money, and still is, paying for the healthcare and all kinds of things that will live with the US for a long time.

2) There's NATO running costs... The US provides just over 16% of NATO running costs. And yet Germany provides MORE and Germany has a population 4 times smaller. The UK, five times smaller pays 11%. Huh? The US is no way paying its fair share here.

How much do Nato members spend on defence?

Donald Trump says he would encourage Russia to attack Nato members who do not spend enough on defence.

www.bbc.com

A lot of the data isn't all in one place. To separate NATO spending direct, indirect and completely nothing to do with NATO would take a lot of time. But if we take the spending on things we know have nothing to do with NATO, the US percentage of GDP would drop a lot.

Why do you keep talking like defense spending that is negotiated years in advance has all that much to do with Trump?
Defense spending that took place under Obama was signed by Bush. The spending that took place under Trump was signed by Obama.

In all seriousness....Trump had little or next to nothing to do with spending while he was president because the Dems wouldn't allow him to spend a plug nickle without giving him a ration of BS. He couldn't even get $6 billion to build a fence without them threatening him with impeachment.
Trump told NATO to start ponying up and they conspired with Pelosi and Schumer to get him removed .
So why don't you pull the other leg while you're at it.