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Friday, July 1, 2016

Poor Donald Won't Provide Evidence He Forgave $50 M Dollar Loan

The rational response then is to be very skeptical that he did until he offers us proof.

I call him Poor Donald not because I feel sorry for him-he feels sorry enough for himself-but because he's really quite poor. At least compared to what he says he has.

If as some suggest-like the real billionaire, Mark Cuban suggests-that he only has about $150 million dollars then:

1. It explains why he does so many sleazy things like Trump U and the Trump Institute.

http://lastmenandovermen.blogspot.com/2016/07/the-donald-trump-way-to-wealth.html

2. It also shows why he really can't forgive the loan. It could represent 30 percent of his wealth give or take.

"I still can't quite believe that even as big a huckster as Donald Trump thinks he can get away with this. But it's starting to seem like Trump was probably lying when he announced with great fanfare a week ago that he was converting some $50 million of loans to his campaign into simple contributions. This would mean that he could no longer use future contributions to pay himself back for those loans. In other words, he couldn't have either small donors or GOP fat cats reimburse him for his "self-funded" primary campaign."

"This news comes from Ari Melber and Alexandre Jaffe at NBC News. Back on June 23rd, on the heels of the Trump campaign's catastrophic and humiliating May FEC report, he grandly announced that he was forgiving the debt and that he would file the relevant paperwork with the FEC that day."

"But that apparently never happened. The FEC has no record of such a filing."

"To be clear, Trump was under no obligation to notify the FEC of this action until the June FEC report which gets finalized tomorrow. But they said they were doing it that day but didn't. Even if the FEC just hasn't been able to process it for some reason, the campaign could easily settle the matter by simply providing the documentation to reporters."

"They now claim that they're filing those documents in their June FEC reports. That would be perfectly reasonable. But Trump's the guy whose campaign lied repeatedly about giving a million dollar contribution to vets groups and tried to skate on doing it at all until he was finally caught. With any other campaign, I'd figure this is reporter overzealousness. With Trump, I'm pretty confident they're lying, or at a minimum playing for time, hoping that some opportunity presents itself where forgiving the loan becomes unnecessary."

http://talkingpointsmemo.com/edblog/the-desperate-and-the-fail-inside-trump-s-june-fundraising-blitz

The Beltway is in a tizzy over the phony furor about Loretta Lynch.

http://www.dailynewsbin.com/opinion/republicans-go-apeshit-after-bill-clinton-has-non-event-meeting-with-ag-loretta-lynch/25062/

You want real conflict of interest, consider that this guy wants to be the next President of the United States.

"Lawyers for Donald Trump filed suit against the D.C. government Thursday challenging the nearly $1.7 million tax bill for the luxury hotel he’s developing on a prime piece of real estate downtown."

"The suit, filed in the D.C. Superior Court, called the District’s valuation of the property at the Old Post Office on Pennsylvania Avenue “arbitrary, unreasonable and excessive.” It says the assessment incorrectly treated the property as a “hypothetical, fully functional and rent-producing commercial office building.”

"The challenge illustrates the sort of commercial entanglements Trump continues to be involved in while he is the presumptive GOP presidential nominee. The hotel is set to open in September, just two months before the presidential election."

"Trump’s attorneys asked the court to reduce the assessed value of the property for the 2015 and 2016 tax years “to its true estimated market value” and refund any excessive taxes, along with any penalties and interest. The suit doesn't specify a value that Trump thinks is fair."

Read more: http://www.politico.com/story/2016/07/trump-dc-hotel-lawsuit-taxes-225017#ixzz4DAi1H2nf

So is this case still going to be pending if he's President? Why would he begin a suit like this just five months out? Unless he knows he won't be President?


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