Daily PUMA Column - Commentary by Alessandro Machi

Monday, August 8, 2016

Donald Trump had almost a billion of dollars of debt forgiven in the early 90's.

Not only did Donald Trump have almost a billion dollar of debt forgiven in the early 90's, he was allowed to escape having to pay any interest on a significant portion of the debt as well. Read about it in the Washington Post…Trump went Broke, but Stayed on Top. 

Donald Trump has a way of talking nicely about bankers who out of fear of losing everything, gave Trump a huge break just so they could get something back in return.

Did you know that nowadays ANY restructuring of an existing debt by you or I is deemed a Default by the banking industry. We probably have Donald Trump to thank for that.



Please consider signing the Debt Neutrality Petition by by clicking here.

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