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(Twitter)   With over $400 million in loans outstanding, most coming due in the next 3-4 years, is it any wonder Trump kept pressuring the Fed to lower interest rates?   (twitter.com) divider line
    More: Obvious, shot  
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1494 clicks; posted to Politics » on 28 Sep 2020 at 11:40 AM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-09-28 10:47:11 AM  
Original Tweet:

 
2020-09-28 10:48:46 AM  
A small drop in interest rates could save Trump more than most Americans make over several years of actual work
 
2020-09-28 10:50:57 AM  
I contributed more to the American economy in one week's paycheck than Trump did in two years.
 
2020-09-28 10:52:50 AM  
I don't think that he's going to be able to refinance and push them off anymore.
I think they are going to want payment this time.
 
2020-09-28 10:54:13 AM  

cretinbob: I don't think that he's going to be able to refinance and push them off anymore.
I think they are going to want payment this time.


And depending on who he owes that money to... collection could be enforced rather strictly
 
2020-09-28 10:55:05 AM  
Haven't all the cynical among us suspected this from the beginning?
 
2020-09-28 10:56:29 AM  

cretinbob: I think they are going to want payment this time.


Let's hope they "remind" him like this:

2.bp.blogspot.comView Full Size
 
2020-09-28 10:56:31 AM  
He can always refinance through the IMF. Surely, Lagarde will throw in a good word.
 
2020-09-28 10:59:47 AM  

cretinbob: I don't think that he's going to be able to refinance and push them off anymore.
I think they are going to want payment this time.


Why do you think he's so desperate to stay in the white house? Lots of ways to repay that without giving them money. Also lots of ways to have the US Government go after his creditors in one way or another.
 
2020-09-28 11:02:45 AM  

Sin'sHero: He can always refinance through the IMF. Surely, Lagarde will throw in a good word.


Fark user imageView Full Size
 
2020-09-28 11:05:19 AM  
Don't break his thumbs, boys.
Break his soul, and foreclose on all his buildings.
Mar-a-lago would make a nice patch for some low-income housing.
 
2020-09-28 11:05:52 AM  
Obvious tag needs it's own obvious tag.
 
2020-09-28 11:06:10 AM  

Benevolent Misanthrope: cretinbob: I don't think that he's going to be able to refinance and push them off anymore.
I think they are going to want payment this time.

Why do you think he's so desperate to stay in the white house? Lots of ways to repay that without giving them money. Also lots of ways to have the US Government go after his creditors in one way or another.


Not sure his debtors would take payment in the form of F-35s... but who knows?
 
2020-09-28 11:10:28 AM  

OldRod: Benevolent Misanthrope: cretinbob: I don't think that he's going to be able to refinance and push them off anymore.
I think they are going to want payment this time.

Why do you think he's so desperate to stay in the white house? Lots of ways to repay that without giving them money. Also lots of ways to have the US Government go after his creditors in one way or another.

Not sure his debtors would take payment in the form of F-35s... but who knows?


Well, if Pepsi can become the 6th largest Navy in the world...
 
2020-09-28 11:14:45 AM  
Any farkers know if putting a federal tax lien on a property makes impossible to borrow against it. Donnie is going to have a 100 million tax lien in the near future.
 
2020-09-28 11:27:01 AM  

eurotrader: Any farkers know if putting a federal tax lien on a property makes impossible to borrow against it. Donnie is going to have a 100 million tax lien in the near future.


How do you figure this?

First they'd have to fine him, or penalize, or stick some sort of Federal debt, like taxes on him.   Then, the IRS or other agency that's owed the money could simply file a tax lien.  The Federal tax lien is filed with each individual state where the debtor has property subject to the lien.  The point of the lien is to put creditors on notice that the debtor owes the Federal government money.  Depending on the amount of the lien, the value of the property attached each lender then makes a decision on if they wish to make a loan, and be secondary to the Federal government on who gets paid first when the real property is eventually sold.

I'm unaware of Trump owing the Federal Government 100 million.

Other interested parties besides the Federal Government can also file liens against property.  A mortgage for example is essentially a lien, that's agreed to in advance.  Non Federal unagreed liens typically have to be approved by a judge.  As always, things vary by state.

/I used to know way too much about lien law.
 
2020-09-28 11:34:30 AM  

Ker_Thwap: eurotrader: Any farkers know if putting a federal tax lien on a property makes impossible to borrow against it. Donnie is going to have a 100 million tax lien in the near future.

How do you figure this?

First they'd have to fine him, or penalize, or stick some sort of Federal debt, like taxes on him.   Then, the IRS or other agency that's owed the money could simply file a tax lien.  The Federal tax lien is filed with each individual state where the debtor has property subject to the lien.  The point of the lien is to put creditors on notice that the debtor owes the Federal government money.  Depending on the amount of the lien, the value of the property attached each lender then makes a decision on if they wish to make a loan, and be secondary to the Federal government on who gets paid first when the real property is eventually sold.

I'm unaware of Trump owing the Federal Government 100 million.

Other interested parties besides the Federal Government can also file liens against property.  A mortgage for example is essentially a lien, that's agreed to in advance.  Non Federal unagreed liens typically have to be approved by a judge.  As always, things vary by state.

/I used to know way too much about lien law.


In the article about his taxes it was said he took a 72 million tax refund by lying about a loss and it still being disputed and if resolved using the law Donnie would owe around 100 million with interest and penalty.
 
2020-09-28 11:38:03 AM  

eurotrader: Ker_Thwap: eurotrader: Any farkers know if putting a federal tax lien on a property makes impossible to borrow against it. Donnie is going to have a 100 million tax lien in the near future.

How do you figure this?

First they'd have to fine him, or penalize, or stick some sort of Federal debt, like taxes on him.   Then, the IRS or other agency that's owed the money could simply file a tax lien.  The Federal tax lien is filed with each individual state where the debtor has property subject to the lien.  The point of the lien is to put creditors on notice that the debtor owes the Federal government money.  Depending on the amount of the lien, the value of the property attached each lender then makes a decision on if they wish to make a loan, and be secondary to the Federal government on who gets paid first when the real property is eventually sold.

I'm unaware of Trump owing the Federal Government 100 million.

Other interested parties besides the Federal Government can also file liens against property.  A mortgage for example is essentially a lien, that's agreed to in advance.  Non Federal unagreed liens typically have to be approved by a judge.  As always, things vary by state.

/I used to know way too much about lien law.

In the article about his taxes it was said he took a 72 million tax refund by lying about a loss and it still being disputed and if resolved using the law Donnie would owe around 100 million with interest and penalty.


And that was just on one year's return... how many others have shiat like that buried in them?
 
2020-09-28 11:40:17 AM  

eurotrader: Ker_Thwap: eurotrader: Any farkers know if putting a federal tax lien on a property makes impossible to borrow against it. Donnie is going to have a 100 million tax lien in the near future.

How do you figure this?

First they'd have to fine him, or penalize, or stick some sort of Federal debt, like taxes on him.   Then, the IRS or other agency that's owed the money could simply file a tax lien.  The Federal tax lien is filed with each individual state where the debtor has property subject to the lien.  The point of the lien is to put creditors on notice that the debtor owes the Federal government money.  Depending on the amount of the lien, the value of the property attached each lender then makes a decision on if they wish to make a loan, and be secondary to the Federal government on who gets paid first when the real property is eventually sold.

I'm unaware of Trump owing the Federal Government 100 million.

Other interested parties besides the Federal Government can also file liens against property.  A mortgage for example is essentially a lien, that's agreed to in advance.  Non Federal unagreed liens typically have to be approved by a judge.  As always, things vary by state.

/I used to know way too much about lien law.

In the article about his taxes it was said he took a 72 million tax refund by lying about a loss and it still being disputed and if resolved using the law Donnie would owe around 100 million with interest and penalty.


Ah, thanks, I never got past the tweet.
 
2020-09-28 11:42:01 AM  

OldRod: cretinbob: I don't think that he's going to be able to refinance and push them off anymore.
I think they are going to want payment this time.

And depending on who he owes that money to... collection could be enforced rather strictly


I'm going to guess the people he owes money to don't pay attention to the rates the Fed sets.
 
2020-09-28 11:42:58 AM  

A Cave Geek: I contributed more to the American economy in one week's paycheck than Trump did in two years.


Don't sell yourself short, there were also multiple years he paid ZERO taxes.
 
2020-09-28 11:43:53 AM  
But... but... Job Creator!!! REEEEEEEEEEE
 
2020-09-28 11:44:44 AM  
Fark user imageView Full Size
 
2020-09-28 11:44:45 AM  
Fark user imageView Full Size
 
2020-09-28 11:44:55 AM  
Please send Donald to Canada when you are done with him.

We would like to put him to work up on our Arctic Bieber farms. He will be compensated one Killaloe Sunrise Bieber Tail daily and will be taxed 0.75 Bieber Tails daily.
His remaining Bieber Tails will be donated to BLM on Donald's behalf.
 
2020-09-28 11:45:22 AM  

OldRod: A small drop in interest rates could save Trump more than most Americans make over several years of actual work


Trump's loans are all foreign.  Some probably illegal.  Some to a guy in an alley reminding him of his vig.  He's probably shopping for extraterrestial or subterranean banks by now.

Anyhow, not an expert, but will a lower Fed rate help foreign loans?
 
2020-09-28 11:45:36 AM  
"I've said all along that his push to keep the interest rates low even when it was obviously bad for the nation was a very obvious sign of his personal debt situation - lie always, Trump puts personal gain before the country and the people." (Jens Johannson)

One of the rare occasions where a typo is perfectly appropriate as-is.
 
2020-09-28 11:46:19 AM  

enry: OldRod: cretinbob: I don't think that he's going to be able to refinance and push them off anymore.
I think they are going to want payment this time.

And depending on who he owes that money to... collection could be enforced rather strictly

I'm going to guess the people he owes money to don't pay attention to the rates the Fed sets.


that's what I was thinking. No American bank will loan him money anyway.
 
2020-09-28 11:48:14 AM  

hammettman: OldRod: A small drop in interest rates could save Trump more than most Americans make over several years of actual work

Trump's loans are all foreign.  Some probably illegal.  Some to a guy in an alley reminding him of his vig.  He's probably shopping for extraterrestial or subterranean banks by now.

Anyhow, not an expert, but will a lower Fed rate help foreign loans?


he's hoping being Prez will get those back alley guys off his back for another 4 years
 
2020-09-28 11:49:32 AM  
I've been farking saying this since 2016 it's all fun and farking games until he farks with the fed because he has tons of debt
 
2020-09-28 11:50:38 AM  

Angry Drunk Bureaucrat: Haven't all the cynical among us suspected this from the beginning?


Cynicism doesn't enter into it.  We've at the very least known he was in debt up to his eyeballs for years.  The staggering level of the debt seems to be closer to $1.1 billion, which is staggering.
 
2020-09-28 11:51:58 AM  

flappy_penguin: I've been farking saying this since 2016 it's all fun and farking games until he farks with the fed because he has tons of debt


So far, the fed chair has blinked first, ending at least the appearance of a decision-making apparatus independent of the government.
 
2020-09-28 11:52:05 AM  
How the Senate can keep this a****** in power? All the evidence that anyone needs is right there. He's using the office for his own personal gain to the detriment of Americans.  He's done it countless times over and over again. The man should have been removed from office dozens of times over. I am officially on the 'Fark Every Single Republican' train at this point.
 
2020-09-28 11:53:05 AM  
Wouldn't the US rate only be relevant if he was borrowing from an American borrower? Unless you're counting the secondary effect of foreign markets being affected on account of the US being the 800lb gorilla in the financial world.
 
2020-09-28 11:56:18 AM  
He owes like 3-400 million. He also has another 100 million owed from tax cheats from before like 2010. Then it will be whatever he owes from later tax cheating. All his businesses were in the red before pandemic. All except like a steady 20 million per year from Trump tower. He had about as much coming in from television and putting his name on shiat but that's dried out.

I'm no banker. But he would seem to be incapable of paying off his debts.

And the stupid trash actually tried telling thinking folk that he was so rich that he could not be corrupted. But we're totally snobs for looking down on those worthless morons for being so dumb. Even if he wasn't broke, this man's entire persona is that he's a bottomless pit of greed and showing off. There would be no amount of money to make him happy or incorruptible. No one needed a fancy accounting degree to notice that.
 
2020-09-28 11:56:44 AM  
This is why everyone who is trying to save only gets pennies every month in interest.
 
2020-09-28 11:58:04 AM  
CASINO(1995) I THINK I WANT MY MONEY BACK
Youtube 3ZzAS53gcDg
 
2020-09-28 11:59:34 AM  

bloobeary: Don't break his thumbs, boys.
Break his soul, and foreclose on all his buildings.
Mar-a-lago would make a nice patch for some low-income housing.


I want every golf course turned into bird sanctuaries and nature preserves.
 
2020-09-28 12:01:47 PM  
I'd say he's in debt up to his eyeballs, but he'd have to be about six inches taller than he lies about being to get there.
 
2020-09-28 12:03:25 PM  
Don't the Russians have different interest rates?
 
2020-09-28 12:05:53 PM  

Hey Nurse!: How the Senate can keep this a****** in power? All the evidence that anyone needs is right there. He's using the office for his own personal gain to the detriment of Americans.  He's done it countless times over and over again. The man should have been removed from office dozens of times over. I am officially on the 'Fark Every Single Republican' train at this point.


Just like so many poor Americans think that they're temporarily impoverished millionaires many Republican politicians think they're temporarily unlucky grifters and one day they'll be raking in that sweet Trump graft.
 
2020-09-28 12:06:50 PM  
Trump needs this election to be rigged in his favor, of course--just to stay out of jail on January 20 (btw, he won't be on U.S. soil on January 20--he's a f*cking coward).

But, if any of those loans do have a "Due and Payable Clause" in them, they're probably being exercised as we speak.  And, his whole shiatty family's worst likely nightmare is the money and favors he owes to those parties who "lend" money not exactly on official promissory notes.

The Price is Right Losing Horn - Gaming Sound Effect (HD)
Youtube _asNhzXq72w
 
2020-09-28 12:08:02 PM  

Hey Nurse!: How the Senate can keep this a****** in power? All the evidence that anyone needs is right there. He's using the office for his own personal gain to the detriment of Americans.  He's done it countless times over and over again. The man should have been removed from office dozens of times over. I am officially on the 'Fark Every Single Republican' train at this point.


Because he's going to appoint a far-right justice to the Supreme Court and swing the court hard right for decades.  They are getting what they wanted - a chance to roll back every little bit of social progress made since the Civil War.

Anyone with an ounce of humanity is on the "Destroy the Republican Party" train at this point.
 
2020-09-28 12:09:58 PM  
rich people really don't care if you "raise taxes on the rich", they don't pay regardless of the tax rates.
 
2020-09-28 12:12:57 PM  

Dog Welder: Angry Drunk Bureaucrat: Haven't all the cynical among us suspected this from the beginning?

Cynicism doesn't enter into it.  We've at the very least known he was in debt up to his eyeballs for years.  The staggering level of the debt seems to be closer to $1.1 billion, which is staggering.


There's also that documentary where Ivanka herself admits her dad told her he is in deep shiat financially.
 
2020-09-28 12:15:49 PM  

aug3: rich people really don't care if you "raise taxes on the rich", they don't pay regardless of the tax rates.


LIke the tariffs, taxes just get passed along.
 
2020-09-28 12:15:51 PM  

aug3: rich people really don't care if you "raise taxes on the rich", they don't pay regardless of the tax rates.


Raise taxes and close a bunch of loopholes and they will in fact pay.
 
2020-09-28 12:16:24 PM  
Remember "If I lose you'll never hear from me again!"...?

And now I must go and laugh myself sick.
 
2020-09-28 12:16:43 PM  
Well there are legitimate reasons for keeping those interest rates low.
 
2020-09-28 12:20:10 PM  

bloobeary: Don't break his thumbs, boys.
Break his soul, and foreclose on all his buildings.
Mar-a-lago would make a nice patch for some low-income housing.


You cannot break what does not exist.
 
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