Quote:
Originally Posted by Guest
You are addressing different people . Now for your response about debt owed by Commercial Real Estate Corporations to foreign or domestic banks .
1] Foreign banks making loans to properties on US soil must comply to all of the US banking , finance and tax regulations .They must conform to US accounting codes .
2] Bank loans for commercial real estate are made against the value of the real estate . IE they are secured just like a home mortgage .
3] It would make no difference if the bank loans were coming from a US Chartered Bank or the US based operations of a bank which ultimately has foreign owners .
4] It is a long standing requirement that by the day of Inauguration every US President must put all of their financial holdings into a " Blind Trust " to be controlled and operated by an independent " Trustee " .
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On point number 4, which is the only one that concerns me, you are actually incorrect....
"As president, Trump would not be required to sell any of his investments or businesses. The U.S. Financial Conflict of Interest Statute prohibits unelected officials of the executive branch from holding stakes in assets that would conflict with their ability to properly do their jobs.
For example, former Goldman Sachs CEO Hank Paulson sold off his company stock before he became Treasury Secretary in 2006.
Executive branch officials also are prohibited from earning income from their businesses and must abide by strict impartiality rules.
But Congress decided not to apply those restrictions to the president or vice president. They have to disclose their holdings, but they don't have to disown them.
So Donald Trump could be president without selling his businesses."
Trump's 500 businesses would pose 'unprecedented ethical dilemma' - Mar. 16, 2016
This is quite an interesting article actually and if you really want to know what is happening worth a read.
I might tell you that there are in fact "rumors" from unnamed source at NBC, that Trump has already pitched the idea of a Celebrity Apprentice in the White House. Now he wont because NBC is disgusted with the man, but it certainly tells you what is important to this person.
"when Trump first considered running for president, back in 2011, he spoke to NBCUniversal chief executive Steve Burke about continuing The Apprentice… from within the Oval Office.
[A] person with knowledge of the situation noted that the two men had a conversation in which they broached a compromise, albeit one that seems more like a Trumpian fever dream than a network-TV reality. It outlined, presumably fantastically, that Trump should run for president; and on the off chance that he won, he would continue to star in The Apprentice from within the White House. (Via)"
Donald Trump Thought He Could Star In ‘The Apprentice’ As President