The most humanizing story I've ever heard about Donald Trump

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The most humanizing story I've ever heard about Donald Trump Empty The most humanizing story I've ever heard about Donald Trump

Post by Ben Reilly on Sun 21 Jul 2019 - 0:21

I actually watched this documentary ages ago, but I forgot that Ivanka Trump was in it. It punctures a lot of the mythos around Trump's business career, and it's the only time I've ever heard him quoted taking the piss out of himself:

Ivanka Trump once confirmed in a documentary that her father was “billions” in debt.

Samantha Bee, host of TBS’ “Full Frontal,” aired a clip on Wednesday from the 2003 documentary, “Born Rich,” in which Trump shared a story of when her father pointed to a homeless person to explain his dire financial situation.

In the clip, Trump, now a senior White House adviser, used an anecdote to confirm a New York Times report that the president had lost about $1.2 billion from 1985 to 1994.

“I remember once my father and I were walking down Fifth Avenue and there was a homeless person sitting right outside of Trump Tower and I remember my father pointing to him and saying, ‘You know, that guy has $8 billion more than me,’ because he was in such extreme debt at that point, you know?” Trump said on camera, seen at 4:15 below.

Bee used it as ammunition.

“Look, the only thing that Donald Trump really had going for him as a candidate was that he was supposed to be a great businessman,” she said. “Now we know that not only is he a bad businessman, he is one of the worst in American history.”

https://forward.com/fast-forward/424037/ivanka-trump-president-trump-samantha-bee-debt/

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Post by eddie on Sun 21 Jul 2019 - 0:38

Wow. That’s a fresh look. Good for you for actually posting it up to be fair.

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Post by Original Quill on Sun 21 Jul 2019 - 4:22

Trump was worse off than that.  The three 'C's of lending are capacity, character and collateral.  By 2006 Trump had little collateral, less capacity and zero character with US banks.

The only thing that saved him was an unnamed benefactor, working through Deutsche Bank's Moscow office, who gave him an unlimited line of credit.  First, it was $450-million to pay off debts from the Chicago Trump Tower, for which he was being sued, and then several installments of $50-million for future projects.  Harding, Luke, Collusion: Secret Meetings, Dirty Money, and How Russia Helped Trump Win (2017).

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