LA RAM FAN
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- Mar 1, 2008
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Good for himself yes,is there any evidence that he used it for good things like helping the homeless,animal rights,that sort of thing?. Used it to make billions in which was quite good.. Well think goodness for the loan being 70 mill, because it was scary to think that Trump took a measly 1 mill, and then turned it into billions without being a little corrupt in doing so. Thanks. Trump claiming he did it with a small amount of money, was to feed his ego, and to suggest to us that we can do it also. I understand his motivation, and see nothing wrong with it.I was wrong- it was a 70 million dollar loan guaranteeI did mention them.
But he started out with several hundred thousand- and a loan of I believe 17 million from his dad. He did well with it- but we have had many businessmen who have started with less and achieved more.
I pointed out his major success- real estate. He also has been brilliant at establishing the Trump brand- which he sells all over the world- most projects with his name on it he has little to do with.
Now- why don't you tell us about the successes you think make him your choice for President.
I did. I gave a few in the OP.
When did it turn into 17 million?? I always hear 1 million. Just did as super quick search..
Donald Trump's father gave him a $1 million loan to start outāand
Oct 26, 2015 Donald Trump, Citing $1 Million Loan His Dad Gave Him to Start Out: āIt Has Not Been Easyā One of the ways at least some presidential candidates give away their plutocratic borrow money if you have to from your parents, start a business. But a million dollars isn't very much compared to what I built.
Source: www.slate.com
Fred Trump ā along with the Hyatt hotel chain ā jointly guaranteed the $70 million construction loan from Manufacturers Hanover bank, āeach assuming a 50 percent share of the obligation and each committing itself to complete the project should Donald be unable to finish it,ā according to veteran Trump chronicler Wayne Barrett in his 1992 book, āTrump: The Deals and the Downfall.ā
Fred Trumpās signature on the guarantee ensured the new hotel would get built. āNo document in the long paper trail attached to the Commodore deal better demonstrated the lack of bank confidence in the Donald or the project, and none made clear the limits of his promoter role,ā Barrett wrote. Trump simply did not have the credit or connections to obtain such financing on his own. āIt was Fredās two-decade-old relationship with a top Equitable officer, Ben Holloway, that had helped entice them to do the project.ā
Trumpās false claim he built his empire with a āsmall loanā from his father
that is why I am not sold on Trump like I was with Ron Paul.would be interesting to know exactly what he used that money he got for as well.
If there is,please post it.thanks.