Coffeehouse for desis
Would you like to react to this message? Create an account in a few clicks or log in to continue.


From King of Debt to Plush with Cash

Coffeehouse for desis :: Coffeehouse :: Coffeehouse Main

Go down

From King of Debt to Plush with Cash Empty From King of Debt to Plush with Cash

Post by confuzzled dude Sat May 05, 2018 8:54 pm

In the nine years before he ran for president, Donald Trump’s company spent more than $400 million in cash on new properties — including 14 transactions paid for in full, without borrowing from banks — during a buying binge that defied real estate industry practices and Trump’s own history as the self-described “King of Debt.”

Trump’s vast outlay of cash, tracked through public records and totaled publicly here for the first time, provides a new window into the president’s private company, which discloses few details about its finances.

It shows that Trump had access to far more cash than previously known, despite his string of commercial bankruptcies and the Great Recession’s hammering of the real estate industry.

Why did the “King of Debt,” as he has called himself in interviews, turn away from that strategy, defying the real estate wisdom that it’s unwise to risk so much of one’s own money in a few projects?

And how did Trump — who had money tied up in golf courses and buildings — raise enough liquid assets to go on this cash buying spree?
https://www.washingtonpost.com/politics/as-the-king-of-debt-trump-borrowed-to-build-his-empire-then-he-began-spending-hundreds-of-millions-in-cash/2018/05/05/28fe54b4-44c4-11e8-8569-26fda6b404c7_story.html?utm_term=.5cd9f0a133e0

confuzzled dude

Posts : 10205
Join date : 2011-05-08

Back to top Go down

Back to top

- Similar topics

Coffeehouse for desis :: Coffeehouse :: Coffeehouse Main

 
Permissions in this forum:
You cannot reply to topics in this forum