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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (214084)	10/8/2021 1:32:34 PM
From: Mannie	Respond to of 356196

Drumpf über alles!

To: i-node who wrote (214084)	10/8/2021 1:40:45 PM
From: puborectalis	1 Recommendation Recommended By Triffin Read Replies (1) \| Respond to of 356196

The Trump International Hotel in Washington, D.C., a hangout for Republican allies of former President Donald Trump during his term at the White House, was a big money loser for Trump's company, according to a cache of documents released by congressional Democrats on Friday. How big? The company incurred over $70 million in net losses, according to the House Oversight Committee. The panel said Trump claimed the hotel, on Pennsylvania Avenue a few blocks from the White House, generated $150 million in revenue during his time in office. But it said that Trump "grossly exaggerated the financial health" of the hotel and that his company had to inject $24 million to aid the facility. The Oversight Committee says its discoveries were in documents recently obtained from the General Services Administration, which negotiated a lease with Trump for the hotel, a former federal post office. LAW District Of Columbia Sues Inaugural Committee For 'Grossly Overpaying' At Trump Hotel The committee also found that Trump received preferential treatment from Deutsche Bank, the German financial institution, which allowed Trump to delay making payments on the principal of a $170 million loan for six years. The panel says Trump personally guaranteed that loan. It also says Trump did not disclose "this significant benefit from a foreign bank" while he was president. Also while he was president, the committee says, the hotel received an estimated $3.7 million from foreign governments that rented rooms in the facility, "raising concerns about possible violations of the Constitution's Foreign Emoluments Clause."