Political Wire

  • Front Page
  • Sign in
  • Members
    • Monthly – $5 a month
    • Annual – $50 a year
    • Member Benefits
    • Account
    • Exclusive Analysis
    • Member Library
    • My Favorites
  • Resources
    • Political Job Hunt
    • Political Dictionary
    • Electoral Vote Map
  • Advertise
  • Contact Us
You are here: Home / 2016 Campaign / Bank Determined Trump Wasn’t a Billionaire

Bank Determined Trump Wasn’t a Billionaire

August 2, 2016 at 4:18 pm EST By Taegan Goddard Leave a Comment

Newsweek: “In that 2007 deposition, Trump said he based estimates of his net worth at times on ‘psychology’ and ‘my own feelings.’ But those feelings are often wrong—in 2004, he presented unaudited financials to Deutsche Bank while seeking a loan, claiming he was worth $3.5 billion. The bank concluded Trump was, to say the least, puffing; it put his net worth at $788 million, records show.”

The kicker: “Trump personally guaranteed $40 million of the loan to his company, so Deutsche coughed up the money. He later defaulted on that commitment.”

FavoriteLoadingSave to Favorites
TwitterFacebookLinkedinEmail

Filed Under: 2016 Campaign Tagged With: Donald Trump

Recent Posts

  • Manafort Faces 19 to 24 Years in Prison
  • Mueller Has Stone’s Communications with WikiLeaks
  • O’Rourke Actively Discussing White House Bid
  • Fact Checking Trump’s Emergency Declaration
  • Ann Coulter Fires Back at Trump
  • Trump Attorneys May Have Lied About Cohen Payments
  • New Jersey Attorney General Subpoenas Trump Inaugural
  • Judge Puts Gag Order on Roger Stone

 

Most Popular Recent Posts

  • McConnell Says Trump Will Declare Emergency on Border
  • Trump Gripes He Was Outplayed by Democrats
  • Mueller Just Caught 3rd Trump Aide Lying About Russians
  • Ann Coulter Fires Back at Trump
  • Mueller Has Stone's Communications with WikiLeaks
  • Trump Declares Emergency to Build Border Wall
  • The President Is Hallucinating
  • McCabe Ordered Obstruction of Justice Probe Into Trump

 

 

« OK, This Is Ridiculous
Top Christie Aide Will Vote for Clinton »

Your Account

Sign in

Latest for Members

  • 2020 House Overview
  • Is This Trump’s Reichstag Fire?

About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Praise for Political Wire

"There are a lot of blogs and news sites claiming to understand politics, but only a few actually do. Political Wire is one of them."

-- Chuck Todd, host of "Meet the Press"

"Concise. Relevant. To the point. Political Wire is the first site I check when I’m looking for the latest political nugget. That pretty much says it all."

-- Stuart Rothenberg, editor of the Rothenberg Political Report

"Political Wire is one of only four or five sites that I check every day and sometimes several times a day, for the latest political news and developments.”

-- Charlie Cook, editor of the Cook Political Report

"The big news, delicious tidbits, pearls of wisdom -- nicely packaged, constantly updated... What political junkie could ask for more?"

-- Larry Sabato, Center for Politics, University of Virginia

“Political Wire is a great, great site.”

— Joe Scarborough, host of MSNBC’s “Morning Joe”

“Taegan Goddard has a knack for digging out political gems that too often get passed over by the mainstream press, and for delivering the latest electoral developments in a sharp, no frills style that makes his Political Wire an addictive blog habit you don’t want to kick.”

— Arianna Huffington, founder of The Huffington Post

“Political Wire is one of the absolute must-read sites in the blogosphere.”

— Glenn Reynolds, founder of Instapundit

“I rely on Taegan Goddard’s Political Wire for straight, fair political news, he gets right to the point. It’s an eagerly anticipated part of my news reading.”

— Craig Newmark, founder of Craigslist.

Copyright © 2019 · Goddard Media LLC | Privacy Policy