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To: SubMareener
trump's father lent him ( AS IN LOANED HIM ) one million dollars, which Donald has turned into TEN BILLION !

Trump NEVER got $200,000,000 from his father, alive or after he died.

20 posted on 02/08/2016 1:19:55 AM PST by nopardons
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To: nopardons

Trump is just a trust fund baby who never demonstrated he could succeed on his own.

http://www.cnn.com/2015/10/26/opinions/dantonio-trump-small-loan-from-father/

Privileged to have a name that opened doors at banks and insurance companies and New York City Hall, Trump also benefited from financial assistance that was worth many times more than $1 million. He and his businesses have also enjoyed public help in the form of tax breaks, loans from his siblings, and protection from bankruptcy courts worth well in excess of $100 million. However it was his father who made sure Donald got a big head start in life.

When Donald made his first big deal, to replace the decrepit Commodore Hotel at Grand Central Terminal with a sparkling Hyatt, he depended on his father’s good name and his credit with lenders, which was worth tens of millions of dollars, according to Wayne Barrett’s 1992 book, “Trump, The Deals and the Downfall.”

According to Barrett’s book, Donald could not get the money on his own, so Fred guaranteed half the $70 million cost of the project and Hyatt guaranteed the other.

Donald’s application got lots of attention from city officials, who eventually gave him a $40 million reduction. Without this gift from his father’s friends, Donald’s first project would never have been started.


37 posted on 02/08/2016 1:59:15 AM PST by JediJones (Marco Rubio: When the Establishment Says Jump, He Asks How High?)
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To: nopardons

I know that, but 2ndDivisionVet put that out as a straw man argument that Donald Trump had some kind of special privilege. But even if you take his straw man and run with it, what Donald Trump has done is pretty amazing.


72 posted on 02/08/2016 6:43:03 AM PST by SubMareener (Save us from Quarterly Freepathons! Become a MONTHLY DONOR!)
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