Trump's Taxes

#977
#977
volfanhill said:
So how is Trump breaking the rules?
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We need to know what financial statements Trump presented to Deutsche Bank. How consistent is the data with what he was reporting to the IRS? For what it's worth, Deutsche Bank's loans to Donald Trump were underwritten by Russian-state owned VTB Bank.
 
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#978
#978
BowlBrother85 said:
We need to know what financial statements Trump presented to Deutsche Bank. How consistent is the data with what he was reporting to the IRS? For what it's worth, Deutsche Bank's loans to Donald Trump were underwritten by Russian-state owned VTB Bank.
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That's ok....but what about President Obama. Was he vetted? Where are Joe Bidens tax returns? Why does he have money?

That spin cycle is working over time this morning. His supporters don't care about the lies, cheating, or other illegal activity. What's ironic is that his tax evasion/avoidance took money from troops, police, schools....but he supports all those things.
 
#979
#979
volbeast33 said:
Debt doesn’t matter at all..... it’s the overall valuation of his holdings compared to the debt that matters.
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Then debt does matter.

Here is the statement from Val Broeksmit, formerly of Deutsche Bank. He has served as an informant to the FBI.

"The Russian state bank VTB underwrote loans to Donald Trump via Deutsche Bank. Over the course of Trump's relationship with DB, an inordinate amount of questionable, mismanaged and risky loans approved by Deutsche Bank to Trump required his Personal Guarantee which, over time, also lost its value.

Trump's team at DB sought out creative ways to circumvent the varied protections DB's compliance team institutionally implemented, and whether by happenstance or by design Trump's loans became underwritten by Russia's own VTB." - Val Broeksmit, formerly of Deutsche Bank
 
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#982
#982
BowlBrother85 said:
Then debt does matter.

Here is the statement from Val Broeksmit, formerly of Deutsche Bank. He has served as an informant to the FBI.

"The Russian state bank VTB underwrote loans to Donald Trump via Deutsche Bank. Over the course of Trump's relationship with DB, an inordinate amount of questionable, mismanaged and risky loans approved by Deutsche Bank to Trump required his Personal Guarantee which, over time, also lost its value.

Trump's team at DB sought out creative ways to circumvent the varied protections DB's compliance team institutionally implemented, and whether by happenstance or by design Trump's loans became underwritten by Russia's own VTB." - Val Broeksmit, formerly of Deutsche Bank
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"whether by happenstance or design", guess that means whatever you want it to mean but talk about wobbly.
 
#983
#983
titansvolsfaninga said:
That's ok....but what about President Obama. Was he vetted? Where are Joe Bidens tax returns? Why does he have money?

That spin cycle is working over time this morning. His supporters don't care about the lies, cheating, or other illegal activity. What's ironic is that his tax evasion/avoidance took money from troops, police, schools....but he supports all those things.
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The media is doing all they can to not talk about Biden and his son’s finances. Anyone with a brain can see the calculation of Woodward’s book and this info being released as early voting is going on. Also, the media’s allowing Biden to pop up in scripted moments and Harris to be literally gagged.
 
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#984
#984
Roustabout said:
The media is doing all they can to not talk about Biden and his son’s finances. Anyone with a brain can see the calculation of Woodward’s book and this info being released as early voting is going on. Also, the media’s allowing Biden to pop up in scripted moments and Harris to be literally gagged.
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#985
#985
McDad said:
How does he insure his debt personally? Are you talking about an insurance policy?
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Basically, if the business becomes unable to repay the debt, the individual assumes responsibility for the balance. It is surprising to see Trump had to resort to that type agreement.
 
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#986
#986
BowlBrother85 said:
Basically, if the business becomes unable to repay the debt, the individual assumes responsibility for the balance. It is surprising to see Trump had to resort to that type agreement.
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That's how I'm structured, too.
"Insured" threw me. There's another term for that arrangement but I cannot recall it rn.

Got it....Personal guarantee.
 
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#988
#988
BowlBrother85 said:
Basically, if the business becomes unable to repay the debt, the individual assumes responsibility for the balance. It is surprising to see Trump had to resort to that type agreement.
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Why is it surprising? If personal assets exist, wouldn't a lender be foolish to not link them to a loan as collateral?
 
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#989
#989
BowlBrother85 said:
Then debt does matter.

Here is the statement from Val Broeksmit, formerly of Deutsche Bank. He has served as an informant to the FBI.

"The Russian state bank VTB underwrote loans to Donald Trump via Deutsche Bank. Over the course of Trump's relationship with DB, an inordinate amount of questionable, mismanaged and risky loans approved by Deutsche Bank to Trump required his Personal Guarantee which, over time, also lost its value.

Trump's team at DB sought out creative ways to circumvent the varied protections DB's compliance team institutionally implemented, and whether by happenstance or by design Trump's loans became underwritten by Russia's own VTB." - Val Broeksmit, formerly of Deutsche Bank
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Val broeksmit wasn’t from Deutsche bank..... he was an unemployed musician that had a history of opioid abuse, credit card theft, and was linked to a North Korean hacker group.... His father Bill had been employed by deutsche bank and he supposedly had some files his father left...None of his info was first hand information and he does not seem like the most trustworthy guy in the world.
 
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#991
#991
Roustabout said:
The media is doing all they can to not talk about Biden and his son’s finances. Anyone with a brain can see the calculation of Woodward’s book and this info being released as early voting is going on. Also, the media’s allowing Biden to pop up in scripted moments and Harris to be literally gagged.
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Well good thing you're on it. Gather together all your FB memes and turn it over to the Justice Department. I am sure they will appreciate you doing the leg work, they are busy defending donald against rape accusations and defamation lawsuit.
 
#992
#992
hog88 said:
I’m really surprised how many tax and finance experts we have on this board.
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I am small taters compared to DJT. I know just enough to navigate calm financial waters. There's no doubt banks treat a person of DJT's wealth and me differently.
But the IRS doesn't. He and I have the same rules.
 
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#993
#993
Roustabout said:
The media is doing all they can to not talk about Biden and his son’s finances. Anyone with a brain can see the calculation of Woodward’s book and this info being released as early voting is going on. Also, the media’s allowing Biden to pop up in scripted moments and Harris to be literally gagged.
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It's all political. Do you think Senate Republicans would have released a report last week on Burisma Holdings if Hunter Biden was anyone else's son? It offered nothing new. How you feel about any of it, depends on whose side your on.
 
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#994
#994
McDad said:
I am small taters compared to DJT. I know just enough to navigate calm financial waters. There's no doubt banks treat a person of DJT's wealth and me differently.
But the IRS doesn't. He and I have the same rules.
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Absolutely. My guess is that at least half the guys here claiming trump has done some nefarious bookkeeping, fudged some loan applications or is trouble with his debt have never used anything more than a 1040EZ for a return or have anything but a couple credit cards for debt.
 
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#995
#995
hog88 said:
Absolutely. My guess is that at least half the guys here claiming trump has done some nefarious bookkeeping, fudged some loan applications or is trouble with his debt have never used anything more than a 1040EZ for a return or have anything but a couple credit cards for debt.
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How did the NYT get a copy of his taxes? Does anybody know?
 
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#997
#997
hog88 said:
Absolutely. My guess is that at least half the guys here claiming trump has done some nefarious bookkeeping, fudged some loan applications or is trouble with his debt have never used anything more than a 1040EZ for a return or have anything but a couple credit cards for debt.
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... or maybe some of us take loan applications for a living? These loans by Deutsche defy good business sense. Consider this: In November of 2008, Trump defaulted on a $640 million loan from Deutsche - $40 million of which were under Personal Guarantee. In classic Trump fashion, he sued them for $3 billion, alleging (by way of some absurd logic) that they were partially responsible for the global financial crisis, and by extension Trump's inability to repay the loan. It is beyond comprehension that they have continued to loan him hundreds of millions of dollars since then. It is suspicious.
 
#998
#998
hog88 said:
No clue but nobody seems to care about the only crime actually committed.
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Kinda like when the Russians stole the DNC and RNC emails and plastered the DNC's all over wikileaks. Should we expect criminal charges against wikileaks anytime soon?
 
#1,000
#1,000
BowlBrother85 said:
... or maybe some of us take loan applications for a living? These loans by Deutsche defy good business sense. Consider this: In November of 2008, Trump defaulted on a $640 million loan from Deutsche - $40 million of which were under Personal Guarantee. In classic Trump fashion, he sued them for $3 billion, alleging (by way of some absurd logic) that they were partially responsible for the global financial crisis, and by extension Trump's inability to repay the loan. It is beyond comprehension that they have continued to loan him hundreds of millions of dollars since then. It is suspicious.
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Your conclusion is:
because DJT has a history of default AND DB continues to loan him money it is an indication of impropriety? He also committed fraud in his applications for loans?
 
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