There are a few issues I have with the Soros loan "scandal"
This article seems to have more detail than the the other one posted:
https://wearechange.org/george-soros-forgive-trump-312-million-debt/
First of all, the Mezzanine loan that Soros' institution gave to Trump is described as a higher interest rate loan in which the investor can take a portion of the equity if it is not paid off in full.
The article claims that Trump paid the other lower interest rate loan off first, and still had a significant portion of the Mezzanine loan left, some portion of it (they figure) was not paid off, and the terms of deal were not disclosed.
So we are lead to believe by the conspiracy theorists (sorry, I've always wanted to do that, lol..) that a significant portion off Trump's $160 million loan was forgiven by Soros who got nothing in return except for future political favors..
Um, ok, that seems really unlikely, so what are the other possibilities here based on the information we have been given?
First of all, when you have multiple loans you typically try and pay the highest interest rate loan off the fastest.. This goes for individuals with high interest credit card debt vs. a car loan, but it ESPECIALLY goes if you are dealing with a lot of money like in this transaction.
If we don't know the exact amount of money forgiven, and people are speculating about the amount of money being forgiven, what are these people even using to speculate? It seems they are using condo sales to speculate.. It also seems they are assuming the Mezzanine loan would have been paid off last, as oppose to trying to pay it off first.
So it seems like some options are:
1) Was ANY debt "forgiven" at all, or was the Mezzanine loan actually just paid off first?
2) If the debt was "forgiven", and we don't know the terms of the deal, then is it possible that Soros took up some equity in the building as per that type of contract? Maybe he got a few multi-million dollar condos on the cheap for himself, his family and/or business partners.
3) Trump is a political tool of Soros because he gifted him $XX million dollars, even though Trump is a billionaire
Which seems most likely to you?
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