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 zzron6 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 Evan G Rogers7 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...
by SparklingJewel7 years ago
http://newsflavor.com/politics/world-po … epression/
by Mom Kat5 years ago
Alright, so I have a question & I would appreciate not being attacked. With the debates and election coming up, as usual, one of the big topics is the national deficit.My question is this: Who do we owe that...
by My Esoteric13 months ago
Donald Trump has been President for 14 days now. In that time he has issued around 14 executive orders, most of which impact the world.The American polls show over 50% of America think Trump is doing a poor...
by Jack Lee6 months ago
In the 10 months of the Trump administration, we are seeing hard data that our economy is coming back. The stock market is a leading indicator of things to come. It has crossed over the 23000 mark.That is an 18%...
Copyright © 2018 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.
terms of use privacy policy (0.77 sec)