news 1 month ago
Trump Has $270 Million ForgivenWochit News
The NY Times reports that President Donald Trump has had more than $280 million in debt forgiven since 2010. According to Business Insider most of it was linked to money he owed lenders for the construction of a massive skyscraper in Chicago. Trump borrowed money for the Trump International Hotel & Tower from Germany's Deutsche Bank and Fortress Investment Group. Trump failed to pay the money bank. The lenders initially gave him more time. According to tax return records and loan documents viewed by the NY Times eventually Deutsche and Fortress forgave the debt.