Know Who Else Has Received Loans from Citibank and Goldman Sachs? Donald Trump

[CPUd]

Know Who Else Has Received Loans from Citibank and Goldman Sachs? Donald Trump.

By: Leon H. Wolf (Diary) | January 21st, 2016 at 04:00 PM


Donald Trump has attacked Ted Cruz roughly a billion times over the last week for having taken out loans from Citibank and Goldman Sachs. Like most everything Trump says, his attacks are short on facts and even shorter on making sense. He claims somehow that Cruz attempted to hide the loans, even though he openly disclosed them on public filings (just not the right ones).

Here he is, in fact, saying that Cruz is “worse than Hillary, if you think about it,” because of the loans:



More specifically, Trump has repeatedly reiterated the claim (at the beginning of the clip) that “they own him” because he has taken out loans from them. He’s made the nonsensical claim repeatedly that Ted Cruz can’t “protect people” from Citibank or Goldman Sachs or whoever, because he has taken out loans from them or personally guaranteed loans to his campaign from them.

I don’t know, I don’t feel like I have ever needed protection from Citibank or Goldman Sachs, but I digress. Because if that claim is true about Ted Cruz, it is also true about Donald Trump. I mean, of course it is. There is absolutely no way that a guy who has spent his life as a real estate mogul has not at one time taken out huge, major loans from every major investment bank in the country. UPDATE: A poster on twitter has pointed out that Donald Trump is “owned” by almost literally everyone according to his most recent financial disclosures. He has billions (with a “B”) of dollars of outstanding loans from virtually every major Wall Street bank, including Capital One, Deutsche Bank, ISB, UBS, and Merrill Lynch.

Citibank, in particular, played a major role in one of the Trump’s organization’s more notorious bankruptcies, when the Trump Plaza Hotel in Atlantic City was underwater and Trump owed over $550 million on it to various creditors, with Citibank at the head. In order to restructure his debt, Trump gave Citibank and other creditors a 49% ownership interest in the hotel.

As for Goldman Sachs, Trump is himself a shareholder in Goldman Sachs, which means he has a direct financial interest in its success. One would think that would make Trump even less enthusiastic about protecting me from Goldman Sachs (whatever that means) than Cruz would.

There is essentially not a major Wall Street entity that Donald Trump or his companies have not taken out loans from or received financing from. In fact, that’s more or less his entire business model. This lengthy ABC piece details how each and every one of them has at one time been circling Trump or his companies as they have been left holding the bag for all or part of loans he took out from them.

If Ted Cruz is owned by Citibank and Goldman Sachs just because he once took out a loan from them, then what that means is that he is owned by a several fewer banks than Donald Trump is.

http://www.redstate.com/leon_h_wolf...ed-loans-citibank-goldman-sachs-donald-trump/

 

[Jan2017]

Ted Cruz failed in his reporting of the Goldman Sachs loan to the FEC . . . he misrepresented a loan that came at a crucial time to get into the Texas Sen. runoff . . .

maybe he'll only get 10 - 15 years, paroled before 2023 and he could try to legally get into the Senate as an exclusive US Citizen next time.

 

[enhanced_deficit]

If this is confirmed, he is not getting endorsement of this community leader:

http://www.youtube.com/watch?v=7plDxu-0rBA&feature=player_detailpage#t=171s

 

[r3volution 3.0]

http://www.cnn.com/TRANSCRIPTS/0810/15/sitroom.03.html

BLITZER: All right, Henry Paulson?

TRUMP: I would give him an A.

BLITZER: Really?

TRUMP: I would give him an A. And I know a lot of people are saying, oh, this and that.

But the fact is, he came into a mess. He didn't create the mess. And he is helping us get out of the mess.

...

BLITZER: The Federal Reserve chairman, Ben Bernanke, Ben B., as you call him.

TRUMP: I think that he has -- was a little bit late on the draw, but he has come around strongly. And I would give him a B-plus, a good strong B-plus.

Look, I mean, these people inherited a mess. And they weren't necessarily to blame for it. And they are trying to fix it. I would say that Ben was a little bit late. And, based on the lateness, but I am not sure there's -- if he was earlier, I am not sure that we would be in any different -- so, I would give him a B-plus.

Yep, Trump totally wants to protect people from the big banks...

...except when he wants to bail them out with the people's money.

 

[ArrestPoliticians]

The false premise from the beginning of the article is that all Cruz got was "loans." Trump took out loans to build a business, Cruz' business is currying political favor. Thats what the SWEETHEART loans and DONATIONS are buying, and its why they weren't disclosed.

 

[RDM]

The false premise from the beginning of the article is that all Cruz got was "loans." Trump took out loans to build a business, Cruz' business is currying political favor. Thats what the SWEETHEART loans and DONATIONS are buying, and its why they weren't disclosed.

But don't you know the "lesser of two evil" strategy has always worked best for America. /s

At least that's what some on this forum would have you believe.

 

[Jan2017]

The false premise from the beginning of the article is that all Cruz got was "loans." Trump took out loans to build a business, Cruz' business is currying political favor. Thats what the SWEETHEART loans and DONATIONS are buying, and its why they weren't disclosed.

It was a "sweetheart" loan . . . an investment bank to a politician - and Cruz never came up with a loan document per Senate election rules.

THE GOLDMAN SACHS SMOKING GUN LOAN!!
*Goldman Sachs does not normally loan to people for a political run, it does not fit their loan parameters or protocol. (I worked at Meryl Lynch and made loans w Westinghouse Credit of $5-$100 mil. in the 1980’s)
*Therefore, this loan was NOT a normal loan and highly suspicious as it does not fit Goldman Sachs lending practices or protocol http://www.goldmansachs.com/what-we-do/investing-and-lending/banking/index.html within the normal business functions of an investment bank when 90% of their business is with corporations except a very few, very elite investors who are considered “very high net worth individuals” (in 1985 that category was over 10-20 million, much higher by now, yet Ted and Heidi were not in that category when the loan was given and only had a $1 mil net worth. http://www.nytimes.com/2016/01/14/us/politics/ted-cruz-wall-street-loan-senate-bid-2012.html?_r=0
*http://www.goldmansachs.com/what-we-do/investment-management/private-wealth-management/)