If a President owes millions to a foreign bank, does that create a conflict of interest?
Trump is heavily leveraged that includs 5 loans each of over $50 million each. 16 loans from 11 different lenders Richard Painter said, "Whereas having a president who owes a lot of money to banks, particularly when it's on negotiable terms—it puts them at the mercy of the banks." Although the President is exempt, for all others, you can lose that security clearance if you have credit or debt because can be more easily bribed to give out secrets.
I would rather have a President who owes money than a President who owes political favors for money received.
I agree with you.
The president has his private finances in a blind trust, so there is no conflict.
@ Brad Trump says his blind trust will be run by his grown children - not exactly blind
Wouldn't it be better to have someone who owes large amounts of money than one who has already received large amounts of money?
Debt is not a problem in of itself. There is a difference between current debt and long term debt. Current debt means the debt amount which is due now, which long term is the overall debt due eventually. For example, if I have a $200,000 home mortgage but only make $60,000 a year this would not be a problem since I do not owe all $200,000 at once or in one year. So long as I can make the monthly payments, then I am ok. Not sure how much debt Trump has, but as long as he can make his monthly payments he is not really in danger of being beholden to someone. Additionally, if your credit rating is very good and you have a low interest rate on loans you would rather use other people's money to make money rather than your own. This allows you to use leverage and make more money.
Not as much as Hillary Clinton taking millions in bribes from foreign governments and foreign owned corporations to give State Department approvals. The below is only one example:
Cash Flowed to Clinton Foundation Amid Russian Uranium Deal
http://www.nytimes.com/2015/04/24/us/ca … mpany.html
And that's on top of paying her husband $100,000 or more for a 15 minute speech and getting various authorizations they'd previously been denied.
by zzron 7 years ago
Maybe the word hate is a little strong. So why do people dislike President Obama and the way he is running the country? Are you an Obama fan? Yes, no, what is your opinion of Obama and his policies?
by SparklingJewel 8 years ago
http://newsflavor.com/politics/world-po … epression/
by Alternative Prime 3 years ago
A FACT that some Americans might be unaware of is that Ted Cruz’s Father is actually a refugee from Communist Cuba ~ We all know Ted Cruz has other issues shadowing his campaign, but once the majority of conservatives find out his father lived in a RED Country while growing up, how much do you...
by freddykrueger 8 years ago
Is it like bush losing 750,000 jobs a month or creating 290,000 jobs a month under obama.I understand it's taking a long time but nothing comes fast it all takes time.I remember during the campaign everyone said we needed a change yet now they disagree.It was the measures this president took that...
by Evan G Rogers 8 years ago
A recent claim by Representative Ron Paul claimed that the US's foreign policy costs just over (just = $21 billion) $1 trillion per year.Politifact.com ran an article ( http://www.politifact.com/truth-o-meter … gn-policy/ ) verifying the claim - read for yourself and see if you agree...
by JeniferD 9 years ago
The U.S. is currently trillions in debt to foreign countries like China and Russia. What if those debts were called in? How would the U.S. repay those debts?
Copyright © 2019 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|