“President Trump has often claimed that he turned a $1 million loan from his father into a $10 billion empire. But a Times investigation found that Mr. Trump received today’s equivalent of at least $413 million from his father’s enterprises — much of it through dubious tax schemes in the 1990s.” [The New York Times]
Trump pretends he’s a shrewd businessman;
He makes deals that no one else can.
But the deals of this cad
Would have failed if his dad
Hadn’t bailed him out when the sh_t hit the fan.
Filed under: Fred Trump, Trump's bluster, Trump's finances, Uncategorized
I just came from the fitness center and surprisingly, FNC played the story pretty straight. But it was before 4 pm ET.
This isn't a big surprise, given that it came out before the election that he took a $9 billion tax loss carry forward. Now we have an additional reason why he won't release tax returns.