An investigation into his finances reveals new fears of what might happen should he become President
Donald Trump has had a very busy week, between his speech directed at the African-American voters, his lawyer's interview going mega-viral, and the unveiling of naked statues of his likeness around the States.
And as we head into the weekend, Trump's eventful period is far from over, with a new investigation by The New York Times claiming that Trump is currently in at least $650 million of debt, at least double what he had previously publicly disclosed.
Due to the myriad of co-ownerships and back-and-forth nature of debt owed and debt received, the report can not put a specific number to Trump's debt, but some of the debt does seem to directly involve lenders with whom Trump has publicly disparaged previously.
Trump is part-owner of an office building on Avenue of the Americas in Manhattan which currently carries a $950 million loan, and one of the two lenders involved in this loan is Goldman-Sachs, a company that Trump had no problem expressing his opinion about.
Bernie Sanders endorsing Crooked Hillary Clinton is like Occupy Wall Street endorsing Goldman Sachs.— Donald J. Trump (@realDonaldTrump) July 12, 2016
Trump has called out Goldman-Sachs as "an economic foe of the United States" after it was revealed that the company had paid Hillary Clinton $675,000 in speaking fees.
One of the other major lenders on the loan is the Bank Of China, who Trump has also been highly opinionated about, having previously said: "We have a lot of power with China. We can’t continue to allow China to rape our country, and that’s what they’re doing."
The investigation uncovered that Trump's personal wealth is tied to three partnerships that owe $2 billion to a number of lenders, and while he might not be personally liable should those loans be defaulted, his investments would essentially tank on the market.
All of this leads up the Times' primary viewpoint of what could happen should Trump be elected: "As president, Mr. Trump would have substantial sway over monetary and tax policy, as well as the power to make appointments that would directly affect his own financial empire. He would also wield influence over legislative issues that could have a significant impact on his net worth, and would have official dealings with countries in which he has business interests."