August 20, 2016
WALKING THE WALK:
Trump companies owe $650 million, says NY Times (AFP, August 20, 2016)
At least no one can accuse him of just pandering to poor white trash.Companies belonging to Donald Trump have at least $650 million in debt, more than twice the amount shown in public filings made by his presidential campaign, the New York Times reported Saturday.The paper employed a property information firm to search publicly available data on more than 30 US properties connected to the Republican candidate, including offices and golf courses.In addition to the $650 million liabilities, "a substantial portion of his wealth is tied up in three passive partnerships that owe an additional $2 billion to a string of lenders," the Times said about debt that could significantly affect Trump's wealth.
Posted by Orrin Judd at August 20, 2016 1:29 PM
