General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCould their be a link between Trump/Kushner shipping 18 tons of PPE in Feb. of 20202 that was ...
... badly needed here to China and the large note that is coming due to Donald from China?
Donald Trumps Debt to China A 211 million dollar note is coming due in 2022.
In 2012, the Bank of China, a commercial bank owned by the Chinese state, provided more than two hundred million dollars in loans to a New York office building that Trump co-owns, Politico reported on Friday. The loans will come due in 2022, in the middle of what could be Trumps second term, the timely article noted.
The building in question is 1290 Avenue of the Americas, which is located between West Fifty-first and West Fifty-second Streets. The majority owner of the building is Vornado Realty Trust, a big real-estate company that is run by the veteran developer Steven Roth. In 2007, the Trump Organization acquired a thirty-per-cent stake in the Sixth Avenue building and also in separate Vornado development, in San Francisco. By all appearances, the Vornado stake has been one of Trumps most successful investments, and the Bank of China played a significant role in its success. The debt stems from a $950 million refinancing deal in 2012, to which the Bank of China chipped in $211 million, the Politico article said. Vornados federal financial disclosures show it and the other owner of 1290 Avenue of the AmericasTrumpare still indebted from the 2012 deal.
snip
Whether Trumps businesses received more loans from state-owned Chinese banksor other investors with ties to foreign governmentsis unknown because Trump refuses to release his complete tax returns and other financial records. The financial disclosure law did not require him to disclose any business loans he had not personally guaranteed, Walter Shaub, a former head of the Office of Government Ethics, which establishes standards for the executive branch, wrote on Twitter on Friday. So, who knows who else he owes money? Ill tell you who: The lenders who have him in their grip.
We do know that Trump-family companies have done business with Chinese entities on other occasions, too. In 2017, a Trump-branded golf resort in Dubai hired two Chinese firms to do construction, McClatchy reported. And, since Trump has been in the White House, the Chinese government has issued numerous trademarks to Ivanka Trumps businesses.
https://www.newyorker.com/news/our-columnists/donald-trumps-debt-to-china
BTW This is one more thing that corroborates the Steele (pee pee tapes) Dossier which said that
although Trump has been getting money from Russia he is in debt just as deep with China.
and it's our money that bought the PPEs.
pandr32
(11,588 posts)We were left well prepared thanks to President Obama. Those supplies belonged to us, not the Trump family to use as partial payment for a loan from the Chinese government.
Then DT had the nerve to cover his crime of looting by lying. He said 'the shelves were empty".
stopdiggin
(11,317 posts)the PPE angle really has nothing to do with the story, and detracts from any value in the reporting. Sloppy trying to tie the two together.
Botany
(70,516 posts)I try to do better in the future. But I like horses do you?
stopdiggin
(11,317 posts)not quite so big on generals and conquering heroes
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stopdiggin
(11,317 posts)is that the PPE story is a retread .. and was kind of a red herring even when it was current.
https://www.politifact.com/factchecks/2020/apr/02/facebook-posts/yes-us-shipped-donated-personal-protective-equipme/
The State Department announced Feb. 7 that it had facilitated the transportation of nearly 17.8 tons of donated medical supplies to the Chinese people.
The same day, the WHO director general said, There is limited stock of (personal protective equipment) and we need to make sure we get it to the people who need it most in the places that need it most, citing health care workers and caretakers.
A State Department spokesperson told us efforts aimed at responding to the threat of the coronavirus overseas also help mitigate the spread in the U.S.
Gothmog
(145,321 posts)Botany
(70,516 posts)n/t