Politico has to correct its article as report about Trump ‘owning millions’ to Bank of China denied by… Bank of China – By Russia Today Staff (Russia Today) / April 26 2020
Apparently in a rush to expose a sinister link between US President Donald Trump and Beijing, Politico reported that Trump has an outstanding debt to the Bank of China, only to quietly correct itself after the bank spoke out.
In its “scoop” on Friday, Politico reported that Trump’s real estate partner, Vornado Realty Trust, which has a 70 percent majority stake in the skyscraper at New York’s 1290 Avenue of Americas, sought a loan in 2012 to refinance the property.
Around $211 million from a nearly $1 billion loan came from the Bank of China, which, according to Politico, was due in 2022 – meaning Trump, whose organization still owes 30 percent of the building, could have faced a potential conflict of interest drama right before the election.
The ‘bombshell’ was quickly picked up on Twitter, with former spokesperson for President Barack Obama and the National Security Council Tommy Vietor calling it nothing short of a “blockbuster story on Trump’s deep financial debt to China.” Washington Post Global Opinions contributing columnist Isaac Stone Fish tweeted that “a massive scandal” should follow, describing the supposed loan deal as “an astonishingly huge conflict of interest with China.”
Trump’s tough on China bluster obscures the fact he owes tens of millions to the Bank of China which is in effect the Chinese Government. No US bank will lend to him anymore because of his multiple bankruptcies. The loan is due in 2022.
— Barbra Streisand (@BarbraStreisand) April 25, 2020
Continue to article: https://www.rt.com/news/486906-china-bank-trump-politico-fake/
