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NYT Bombshell Reveals Banks Forgave $287 Million in Debt Trump Failed to Repay – and He Never Paid Taxes on It

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Over the past decade banks have forgiven about $287 million in loans from Donald Trump, after he failed to repay the debts. Not only did Trump benefit from banks approach to his failing businesses, a New York Times bombshell report reveals, but it appears the President failed to pay taxes on the forgiven loans, which the IRS sees as income.

“Big banks and hedge funds gave him years of extra time to repay his debts,” the Times reports. “Even after Mr. Trump sued his largest lender, accusing it of preying on him, the bank agreed to lend him another $99 million — more than twice as much as was previously known — so that he could pay back what he still owed the bank on the defaulted Chicago loan, records show.”

The New York Attorney General is reportedly now looking into those debts and filings, which the Times says are primarily tied to a 92-story Chicago skyscraper known as the Trump International Hotel & Tower.

A previous New York Times report reveals Trump paid just $750 in taxes in 2016 and 2017, and nothing in taxes for a 15-year period surrounding those dates.

Next year about $400 million in Trump’s debts reportedly come due.

Read the entire Times report here.

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Trump Serves Up Paranoid Election Conspiracy Rant for Thanksgiving: ‘Flick of a Switch Can Change Course of History’

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President Donald Trump on Thanksgiving broke weeks of refusing to answer questions from reporters, and focusing his anger on Georgia called its Republican Secretary of State “an enemy of the people” while brewing up an insane new conspiracy theory.

After praising GOP Senators in two run-off elections fighting to keep their seats, Trump said he told Kelly Loeffler and David Perdue, “you have a fraudulent system.”

“You have a system where the flick of a switch or the putting in of a new chip can change the course of history.”

He also falsely claimed voting rights advocate and former Georgia House Minority Leader Stacey Abrams had illegally “harvested” 850,000 ballots. In reality, Abrams says 750,000 Georgia voters have requested absentee ballots.

Watch (poor quality video):

Earlier –
‘No I Can’t Say That’: Trump Says He Will Not Concede – but Will Exit White House if Electoral College Makes ‘Mistake’

 

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AMERICAN IDIOT

USAID Acting Administrator the Latest Governmental Employee to Test Positive for COVID-19

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Acting administrator of the United States Agency for International Development (USAID), John Barsa, has tested positive for coronavirus, Axios reported Wednesday.

Staffers told Axios that they barely wear masks in their office and that Barsa is the latest in a series of senior administration officials to contract the virus. H

“The acting Deputy Administrator has been isolating since he began exhibiting symptoms late Monday, Nov. 23, and will continue to until a retest is conclusive,” spokesperson Pooja Jhunjhunwala said in a statement.

Barsa was planning to travel to Honduras this weekend after the country was ravaged by recent hurricanes. Administration officials say they expect that trip won’t happen as he quarantines.

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BAD PRESIDENT

Adam Schiff: ‘A President Cannot Pardon Himself’ and the ‘Constitution is Not a Suicide Pact’

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Adam Schiff

Intelligence Chairman Adam Schiff (D-CA) appeared on CNN Wednesday to discuss the pardon of Michael Flynn by President Donald J. Trump and the question arose regarding whether or not the president could, in fact, pardon himself.

“The Justice Department has taken the position that a president cannot pardon himself,” Schiff said. “It would ultimately be up to [the U.S. Supreme Court] to decide. The Constitution is not a suicide pact.”

Flynn was originally charged with admitting that he had misled investigators about details of his conversations with the Russian ambassador during Trump’s presidential transition.

Watch the video below.

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