Trump's Wall Street Backers?

[georgephillip]

Does anyone remember when Obama ran in 2008, and claimed he would not take any money from Wall Street lobbyists?

"Today, the claim that Donald Trump is not connected to Wall Street and is actually frightening the mega banks is also totally dislodged from the facts on the ground..."

"On July 15 of last year, Donald Trump filed a 92-page financial disclosure report with the Federal Election Commission. (He has thus far refused to disclose his IRS tax returns, stating that he is being audited.) On page 47 of his disclosure document, Trumps lists to whom his businesses owe money.

"Ladder Capital is listed as holding a mortgage of more than $50 million."

"With no dollar range shown, as is typical, it could be $50 million or $250 million for all we know. Ladder Capital is also listed as holding an additional mortgage on another property in the range of $5 million to $25 million.."

"Ladder Capital, a major lender to Donald Trump, is about as entangled and beholden as one can get to the mega Wall Street banks.

"In fact, its IPO was underwritten by Deutsche Bank Securities, Citigroup Global Markets, Wells Fargo Securities, Merrill Lynch, and J.P. Morgan Securities.

"First we learn from the prospectus that Ladder Capital’s business model is to 'generally securitize our loans together with certain financial institutions, which to date have included affiliates of Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, RBS Securities Inc., UBS Securities LLC and Wells Fargo Securities, LLC.'”

Wall Street On Parade

 

[Moonglow]

Well he did try to start his own finance company, but alas, it failed..

 

[georgephillip]

Well he did try to start his own finance company, but alas, it failed..

He seems like a charter member of the US FIRE sector.
FIRE economy - Wikipedia, the free encyclopedia
"A FIRE economy is any economy based primarily on the Finance, Insurance, and Real Estate sectors. The origins of the term are unclear. Barry Popik describes some early uses as far back as 1982.[1] Since 2008, the term has been commonly used by Michael Hudson[2] and Eric Janszen.[3]

"It is New York City's largest industry and a prominent part of the service industry in the U.S. overall economy and other Western, developed countries."

 

[Moonglow]

Well he did try to start his own finance company, but alas, it failed..

He seems like a charter member of the US FIRE sector.
FIRE economy - Wikipedia, the free encyclopedia
"A FIRE economy is any economy based primarily on the Finance, Insurance, and Real Estate sectors. The origins of the term are unclear. Barry Popik describes some early uses as far back as 1982.[1] Since 2008, the term has been commonly used by Michael Hudson[2] and Eric Janszen.[3]

"It is New York City's largest industry and a prominent part of the service industry in the U.S. overall economy and other Western, developed countries."

Insurance companies in the US have the largest cash reserves...

 

[georgephillip]

Well he did try to start his own finance company, but alas, it failed..

He seems like a charter member of the US FIRE sector.
FIRE economy - Wikipedia, the free encyclopedia
"A FIRE economy is any economy based primarily on the Finance, Insurance, and Real Estate sectors. The origins of the term are unclear. Barry Popik describes some early uses as far back as 1982.[1] Since 2008, the term has been commonly used by Michael Hudson[2] and Eric Janszen.[3]

"It is New York City's largest industry and a prominent part of the service industry in the U.S. overall economy and other Western, developed countries."

Insurance companies in the US have the largest cash reserves...

"What would happen to Donald Trump's companies and investments if he were to be elected president?
What would happen to Donald Trump's companies and investments if he were to be elected president? - Quora
"Wouldn't he have to sell everything? Because I remember reading about Henry Paulson selling all his investments before leaving Goldman to become Secretary of Treasury."
Maybe Donald's insured?