President Trump: The NEW one and only politics thread

Seriously, use google.

There are tons of deals exactly like this happening in NYC, Miami, LA, Vancouver, etc.

 

This tape is going to be the end of Trump!

 

I never said that all such money laundering involved Trump.


How secretive shell companies shape the U.S. real estate market

"The 11.5 million leaked documents of the Panama Papers have shone a spotlight on numerous anonymous companies that the world’s wealthy use to secretly manage their funds. These companies acted as fronts for high-profile politicians, celebrities and businessmen, allowing them to buy property, open bank accounts and trade assets without the public knowing their true identities – in some cases those of tax evaders, corrupt politicians and money launderers."


"Real estate agents say that most wealthy buyers who use this kind of company are just protecting their privacy. But in guarding privacy, shell companies also help obscure the ownership information that law enforcement need to fight crime. And that opens the U.S. property market to the kind of nefarious activity highlighted by the Panama Papers – money laundering, drug trafficking and corruption.

Government analysis and investigations “continue to show corrupt politicians, drug traffickers, and other criminals using shell companies to purchase luxury real estate with cash,” Jennifer Shasky Calvery, the director of the Treasury Department’s Financial Crimes Enforcement Network, said in a speech at an anti-money laundering conference in Hollywood, Fla., on Tuesday morning. “We see wire transfers originating from foreign banks in offshore havens where shell companies have established accounts, but in many cases we also see criminals using U.S. incorporated limited liability companies to launder their illicit funds through the U.S. real estate market.”

 

Trump sells Russians and other criminal enterprises condos at exorbitant prices to hide and protect their illegal funds. In exchange for over inflating the prices, trump kicks back cash to the Russians and other criminals. This makes his shitty properties look better and gives criminals cash while protecting equity

 

Saving this for the laugh factor in the next few months.

 

You mean like this?

Trump sold a $40 million estate to a Russian oligarch for $100 million—and a senator wants to know why

 

Of course it’s a reference, but didn’t mention her by name. We drank just to be sure.

 

Trump is a fucking idiot. And so is everyone who supports him

 

In the request, he notes the timing of the 2008 sale, which came months after Trump Entertainment Resorts filed for Chapter 11 bankruptcy, and while the then–real estate mogul was struggling to find banks willing to lend to him.

 

Perspective | Trump did a bunch of stuff to strengthen the dollar; now he’s upset about the strengthening dollar

Trade wars are easy to win though, right? How about if a currency war breaks out at the same time? If China devalues the yuan 8% they basically break even on tariffs.

Trade war risks becoming a dangerous currency war as China weakens yuan the most in 2 years