$400 Million Debt Is "A Peanut” Compared
To My Properties"> $400 Million Debt Is "A Peanut” Compared
To My Properties">

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Trump: "No, I Don't Owe Russia Money,”
$400 Million Debt Is "A Peanut” Compared
To My Properties

Original Article

Posted By: earlybird, 10/16/2020 3:57:19 PM

NBC's Savannah Guthrie again asked President Trump at a Thursday town hall about "New York Times" reporting that he owes roughly $400 million, some of which might be owed to foreign banks such as Deutsche Bank. Trump essentially confirmed the veracity of that reporting, but noted that compared to the total value of all of his properties, $400 million is "peanuts." "Did you ever hear the expression underleveraged?" (Snip) When they do they see how incredible a company is but more importantly they see where this debt is. No, I don’t owe Russia money, I don’t owe -- I owe a very, very small -- it’s called mortgages.


Video. What happens when know-nothings start mucking around in income tax returns, trying to find something they already believe will be there. Compared to the value of the properties involved, $400 million is indeed peanuts.

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Reply 1 - Posted by: john56 10/16/2020 4:00:16 PM (No. 574731)
Well, duh. Most guys like Trump have some debt on their properties. Does Dimwit Guthrie think that you go build a multi-billion dollar hotel or office tower by digging quarters out of the living room couch? Heck, I have a mortgage on my house. Yeah, I could go raid my retirement funds and pay it off, but maybe I want to save that money for something else. That's kind of like what Trump is doing. Just on a different scale.
13 people like this.

Reply 2 - Posted by: jinx 10/16/2020 4:09:16 PM (No. 574738)
She didn't ask questions, she attacked him trying to get him to say something about his finances. I dare her to do the same to her billionaire boss. Bet they have a few debts too. She was out of line the entire time.
8 people like this.

Reply 3 - Posted by: czechlist 10/16/2020 4:18:35 PM (No. 574741)
One of Trump's shortcomings is being unprepared to tersely answer questions. His ad lib responses become long and wearisome and often incoherently wander off subject.
4 people like this.

Reply 4 - Posted by: Ladyhawke 10/16/2020 4:19:36 PM (No. 574742)
For those that may be unaware: The 2 years that they are claiming President Trump only paid $750 - that is the filing fee for an extension!
6 people like this.

Reply 5 - Posted by: doublesharp 10/16/2020 5:18:27 PM (No. 574782)
#3, no reason to cast pearls before swine. Your advice is duly noted but I think President Trump gets along fine without your input.
11 people like this.

Reply 6 - Posted by: anonymous 10/16/2020 5:47:13 PM (No. 574811)
If Trump had this amount of debt but no assets or cash in his name, then of course he'd be in big trouble. However, as he said, he owns a lot of things that offset the debt. At the end of the day, it's what is in your name versus what isn't in your name.
1 person likes this.

Reply 7 - Posted by: volksford 10/16/2020 6:52:51 PM (No. 574857)
Meanwhile on ABC the man who has somehow received millions goes softly into the night.
7 people like this.

Reply 8 - Posted by: NYbob 10/16/2020 8:42:07 PM (No. 574929)
Rats have no idea how to leverage their own money. If there isn't some secret to sell or influence to peddle, they have no idea what to do.
1 person likes this.

Reply 9 - Posted by: LadyVet 10/17/2020 5:14:35 AM (No. 575096)
Real estate investments are usually highly leveraged. (For those in Rio Linda and for Savannah Guthrie, that means that there are mortgages (debt) on the properties.) It is such standard business procedure that the tax laws for partnerships take it into account and grant some favorable treatment for mortgage debt.
2 people like this.

Reply 10 - Posted by: Skeptical1 10/17/2020 11:10:47 AM (No. 575405)
This dialog really showcases our guy's rambling way of expressing himself. #3 is right about that. Because I like the guy and have so much respect for what he's done, I find it kind of endearing and funny. Like how he points out how great his properties are, and inserts a dig at San Francisco when he mentions the Bank of America building. Great men are entitled to their little eccentricities.
1 person likes this.

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