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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: puborectalis who wrote (936586)	5/24/2016 2:53:24 PM
From: TideGlider	6 Recommendations Recommended By Broken_Clock D.Austin FJB jlallen locogringo and 1 more member Read Replies (2) \| Respond to of 1575349

lol The Clinton's entire family is mired in financial scandals, even Chelsea who married the son of a convicted felon who did time in the Fed Pen. Now the son lost all the money in the hedge fund he was running. Bet the apple didn't fall from the tree. I guess Hillary can always cough up her Wall Street Banker speeches too. We already have see the tax returns when her and Bill claimed donated used underwear as a tax deduction. The Clinton Foundation is under investigation...of please. Don't make me laugh so hard!.

To: puborectalis who wrote (936586)	5/24/2016 3:08:57 PM
From: i-node	4 Recommendations Recommended By D.Austin jlallen locogringo Taro Read Replies (2) \| Respond to of 1575349

I see not one reason he should provide his tax returns. He will get immense respect from me if he flatly refuses to do so.

To: puborectalis who wrote (936586)	5/24/2016 3:11:28 PM
From: J_F_Shepard	Read Replies (1) \| Respond to of 1575349

The latest in the dealings of Trump with banks and Wall St is in today's Times....eg, he gave himself a loan and then paid himself interest on it, no doubt taking a tax deduction for it..... See here.. Trump Boasts of Rapport With Wall St., but the Feeling Is Not Quite Mutual By SUSANNE CRAIG MAY 23, 2016 While some bankers said they had a personal relationship with Mr. Trump, a majority of those interviewed about him said they had never met him, and either had not done business with him or would not do so because of past dealings that did not end well. This month Mr. Trump submitted a financial disclosure report that was released by the Federal Election Commission. In that document there was no indication that entities associated with Mr. Trump had lending relationships with most of the country’s biggest banks, including Citigroup, JPMorgan Chase, Goldman Sachs and Morgan Stanley. One of his largest banking relationships is with Ladder Capital, a small New York firm that typically extends mortgages in amounts below what generally interests the big Wall Street banks. “His roots and connections on Wall Street are fairly shallow,” said Roy C. Smith, a former partner at Goldman Sachs who teaches finance at New York University....see complete article. Part of the reason Mr. Trump has fewer recent dealings with Wall Street stems from a change in his business model. The casino empire that resulted in huge losses, more than a billion dollars in debt and hard feelings across Wall Street, is gone. He also expanded into fee-generating marketing agreements, which are not capital intensive and which banks typically do not lend large sums of money against. Ivanka Trump, executive vice president for development and acquisitions at the Trump Organization, said the company was no longer interested in taking on huge amounts of debt. “We get a tremendous amount of calls from lenders across all the major banks looking to lend against our assets and pitch their firms for future acquisitions and development opportunities we’re looking at,” she said in an interview. “But we have very little interest in borrowing at this point. So we have almost no leverage across our portfolio.” Still, Mr. Trump recently said he loved debt, referring to himself on CNN as “the king of debt.” It is not known how much debt Mr. Trump’s company has, or what percentage of its assets is encumbered by debt, because neither Mr. Trump nor his company, which is privately held, will release that information. He says he is worth $11 billion and has $1 billion in cash on hand. “I don’t need money, and now I have over a billion dollars in cash, so I just do my own financing,” he said. Mr. Trump’s complicated history with Wall Street goes back to the early 1990s, when three of his casinos ran into financial trouble; the Trump Taj Mahal filed for bankruptcy. Creditors often ended up with pennies on the dollar, and the failures soured Mr. Trump’s relationship with a number of banks. ......read more in article.. At one point, Mr. Trump was responsible for about $900 million personally before his businesses were restructured. Several bankers on Wall Street say they are simply not willing to take on what they almost uniformly referred to as “Donald risk.” Another risk with dealing with Mr. Trump is his proclivity to sue. Deutsche Bank got a taste of his litigious side in 2008 when he sued it and a group of other financial institutions to avoid paying the $40 million that he had personally guaranteed on a $640 million construction loan connected to the Trump International Hotel & Tower in Chicago........more Mr. Trump does list an additional liability connected to the Chicago tower — this one in excess of $50 million — on his financial disclosure form. This loan, oddly, is not from a bank but is housed in a limited liability company controlled by Mr. Trump himself. In the interview with The New York Times, Mr. Trump said he bought this particular loan back from a group of banks several years ago. Instead of retiring it, he decided to keep it outstanding, and he pays interest on it to himself. The L.L.C. is valued on Mr. Trump’s financial statements as practically worthless despite holding a multimillion-dollar loan. “We don’t assess any value to it because we don’t care,” Mr. Trump said. “I have the mortgage. That is all there is. Very simple. I am the bank.” Jason D. Greenblatt, chief legal officer for the Trump Organization, would not explain why the loan was not simply paid off after the company bought it. “I am not sure it’s appropriate for us to discuss our sort of internal financial reasoning behind transactions in the press,” he said. “It’s really personal corporate trade secrets, if you will. Neither newsworthy or frankly anybody’s business.”