Editorial | Trump’s Shadowy Money Trail – The New York Times

“This sort of suspicious cash was at the heart of a recent report by The Washington Post that found that in the decade before the election, Mr. Trump did something unusual for a real estate developer — he all but stopped borrowing money. Multiple bankruptcies had no doubt exhausted his welcome at any reputable bank, so perhaps the man who called himself the “King of Debt” became more prudent, or he simply faced reality. What happened next, though, was more unusual. Beginning in 2006, the Trump Organization spent $400 million in cash on various projects. The president’s son Eric said they were able to do that with cash generated by other Trump businesses, even at the height of the Great Recession. That explanation has raised the eyebrows of business experts.

It also contradicts what Eric and his older brother, Donald Trump Jr., said in the years before the word “Russian” became radioactive for them.

“Russians make up a pretty disproportionate cross section of a lot of our assets,” Donald Jr. said in 2008. “We see a lot of money pouring in from Russia.”

The golf writer James Dodson said last year that during a visit to a Trump golf course in 2013, Eric told him of his family company’s financing: “Well, we don’t rely on American banks. We have all the funding we need out of Russia.” “

via Opinion | Trump’s Shadowy Money Trail – The New York Times


About David Lindsay Jr

David Lindsay is the author of "The Tay Son Rebellion, Historical Fiction of Eighteenth- Century Vietnam," that covers a bloody civil war from 1770 to 1802. It was published by Footmad and Cherry Blossom Press on September 11, 2017. Find more about it at TheTaySonRebellion.com, also known as, DavidLindsayJr.com.
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