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Trump Has a Half Billion in Loans Coming Due, Now, $500 Billion In PPP Funds Have Gone Missing
“On financial disclosure forms, Trump has reported holding 14 loans on 12 properties. At least six of those loans, representing about $479 million in debt, are due over the next four years. Some are guaranteed by Trump himself, meaning a creditor could come after his personal—not corporate—assets if he defaults. If he holds onto the White House, the refinancing of these debts could take his conflicts of interest to absurd new heights. How will the public know if these deals are on the up and up or whether Trump is receiving sweetheart terms from a bank that wants an in with the president? And what might a lender desire in return for helping Trump out of a financial jam?”
With the impeached president trump on the hook for so very much money, and his extreme opposition to any congressional oversight in the distribution of over $2 trillion in coronavirus assistance funds, perhaps his fingers are into the cookie jar up to his elbows, and going deeper each day.
Add to this, seven of the Democrats on the committee established with the exclusive duty to oversee just how the administration is spreading the pandemic relief money around have begun asking some important questions concerning over $500 billion of that cash. At the same time, attorneys for the Treasury Department are searching for methods to make an additional $500 billion untraceable. A successful plan concocted by these attorneys would permit at least a trillion dollars of borrowed money to disappear with no questions asked.
Trump has a half billion in loans coming due. They may be his biggest conflict of interest yet.
Congress Steps Up Pressure as Trump Administration Evades Bailout Oversight
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Trump Has a Half Billion in Loans Coming Due, Now, $500 Billion In PPP Funds Have Gone Missing
“On financial disclosure forms, Trump has reported holding 14 loans on 12 properties. At least six of those loans, representing about $479 million in debt, are due over the next four years. Some are guaranteed by Trump himself, meaning a creditor could come after his personal—not corporate—assets if he defaults. If he holds onto the White House, the refinancing of these debts could take his conflicts of interest to absurd new heights. How will the public know if these deals are on the up and up or whether Trump is receiving sweetheart terms from a bank that wants an in with the president? And what might a lender desire in return for helping Trump out of a financial jam?”
With the impeached president trump on the hook for so very much money, and his extreme opposition to any congressional oversight in the distribution of over $2 trillion in coronavirus assistance funds, perhaps his fingers are into the cookie jar up to his elbows, and going deeper each day.
Add to this, seven of the Democrats on the committee established with the exclusive duty to oversee just how the administration is spreading the pandemic relief money around have begun asking some important questions concerning over $500 billion of that cash. At the same time, attorneys for the Treasury Department are searching for methods to make an additional $500 billion untraceable. A successful plan concocted by these attorneys would permit at least a trillion dollars of borrowed money to disappear with no questions asked.
Trump has a half billion in loans coming due. They may be his biggest conflict of interest yet.
Congress Steps Up Pressure as Trump Administration Evades Bailout Oversight
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