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Topic	Trump hates Puerto Rico so much that he lied about getting rid of their bonds
SK8T3R215 10/12/17 3:53:04 PM #41:	CableZL posted... SK8T3R215 posted... CableZL posted... Yeah, Trump actually is directly responsible for a piece of Puerto Rico's debt. What does this mean? He owns debt they issued? They issued debt for a resort backed by their government? He went bankrupt on a golf course in Puerto Rico, which added about $32 million and some change to Puerto Rico's debt. What I read, the defaulted bonds were from the development of the course, then Trump came in years later as it was losing money to basically operate and manage the course. Ultimately it wasn't turned around and they defaulted. I wouldn't say he's directly responsible for those defaults since they were outstanding before he came on and the course was losing money and on the course to default. You could blame him for not turning the course around. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:888308777] in Trump hate... [t:75871500]...</cite> <quote><cite>CableZL posted...</cite> <quote><cite>SK8T3R215 posted...</cite> <quote><cite>CableZL posted...</cite> <quote>Yeah, Trump actually is directly responsible for a piece of Puerto Rico's debt.</quote> What does this mean? He owns debt they issued? They issued debt for a resort backed by their government?</quote> He went bankrupt on a golf course in Puerto Rico, which added about $32 million and some change to Puerto Rico's debt.</quote> What I read, the defaulted bonds were from the development of the course, then Trump came in years later as it was losing money to basically operate and manage the course. Ultimately it wasn't turned around and they defaulted. I wouldn't say he's directly responsible for those defaults since they were outstanding before he came on and the course was losing money and on the course to default. You could blame him for not turning the course around. --- New York Knicks, New York Jets, New York Yankees.</quote> ... Copied to Clipboard!
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