of a million dollars . ” October 26 , 2015 , on NBC ’s “ TODAY ” show . 7 . “ @mygreenhippo # BenCarson is now leading in the # polls in # Iowa .
He said that work has already started to research the possibility of such a move , adding that Russia would continue to support Iran 's pursuit of full membership in the Shanghai Cooperation Organization – the Eurasian military - political bloc comprised of Russia , China , Kazakhstan , Kyrgyzstan , Tajikistan and Uzbekistan . On August 8 , Putin is expected to visit Baku and take part in the first - ever trilateral summit of the leaders of Russia , Azerbaijan and Iran . In November last year , Russia and Iran agreed to develop economic ties , with Moscow promising to provide a $ 5 billion state loantransaction.transferownership.borrowlendto Tehran for the promotion of industrial cooperation . The loan is expected to boost trade between the two countries , with the target set at $ 10 billion , up from the current $ 1.6 billion . READ MORE : Russia to open ‘ green corridors ’ for Iranian goods
Since 1998 , Deutsche has been a lender or co - lender in at least $ 2.5 billion in loans to Trump or his companies , a Wall Street Journal analysis found in March . But Trump and Deutsche have also clashed . In 2008 , the bank asked for Trump to make payments on a $ 640 million construction loantransaction.transferownership.borrowlendfor the Chicago tower given by a Deutsche - led group of lenders . Instead , Trump sued , saying the bank should pay him $ 3 billion because it had undermined his project , in part , by creating “ the current financial crisis . ” The bank countersued , saying the lawsuit was “ classic Trump ” and an attempt “ to avoid living up to the deal he reached with Deutsche Bank . ” Trump and the bank settled , and the loan has since been repaid .
Last year , Thales also won a security contract for Qatar Hamad port , a large commercial facility which will also be the site for a naval base . In early January , Qatar closed a $ 5.5 billion syndicated loan , arranged by six banks including three Japanese lead lenders : Bank of Tokyo - Mitsubishi UFJ , Mizuho , and Sumitomo Mitsui Banking Corp , Reuters reported . Qatar National Bank , Deutsche Bank and Barclays helped arrange the five - year loantransaction.transfermoney.borrowlend, expected to carry a margin of 90 basis points over London Interbank Offered Rate . A basis point is 1/100 of a percentage point . Qatar had previously hoped to raise $ 10 billion with a smaller margin of some 80 basis points , International Financing Review reported .
Many criticised the Prime Minister as making an ill - advised decision in order to win an election , which was due in 2014 . He also wanted to refrain from having too many foreign eyes on their economic policies , as many reforms were criticised as being undemocratic . Paying the loantransaction.transferownership.borrowlendback early has meant Hungary have saved € 11.7 million worth of interest expenses , but Gordan Bajnai , leader of the electoral alliance E14-PM , claimed that they had actually lost € 44.86 million by March 2014 because of the early repayment as all they did was replace the loan from the International Mafia Federation ( another nickname , we ’re still talking about the IMF here ) with a more expensive one , labelling the stunt as Propaganda . And what made further nonsense ; another loan at high interest rates was signed to finance a nuclear upgrade , which will mean not only higher repayments but also high electricity costs . But they do have economic sovereignty now .
He 's not only damaging to our country in foreign and defense policy , he 's damaging to the social fabric of our republic , which relies of creating one out of many — e pluribus unum . Before the Brexit vote , I was desperately hoping for a contested convention , or the emergence of some worthier candidate — someone judicious and experienced , respectful of views they did n’t agree with , willing to work to find common ground to solve the country ’s problems . Someone who believes people have rights and loantransaction.transferownership.borrowlendthem in limited ways to governments for limited purposes . But 10 million Republicans have voted to place Donald Trump at the head of the party of Lincoln . Their choice should be respected .
It is also noted that the legal action does not exclude possibility of debt settlement through dialogues . Ukraine got a 3-billion - dollar loan in the form of Eurobonds from Russia in December 2013 to shore up its economy amid financial crisis . The loantransaction.transfermoney.namatures on Dec. 20 , 2015 . The Ukrainian side stressed previously that no other terms would be provided to Moscow than the debt - restructing agreement reached in August between Ukraine and its other international creditors . Restrictive measures against Turkey also came into force on Friday , which were adopted by Russian side in retaliation for Turkey 's downing of a Russian Su-24 attack aircraft in November of 2015 .
Guests at the May 2015 CGI summit — which was closed to the media — stayed at the five - star Selman - Marrakesh hotel , a posh lodging featuring a stable of Arabian horses and luxury amenities . The meeting was officially paid for by OCP , a Moroccan government - owned mining company that has been accused of human rights violations . Hillary Clinton supported the monarch when she was secretary of state , and the US - financed Export - Import Bank gave OCP a $ 92 million loantransaction.transferownership.naguarantee during her tenure , the Daily Caller reported . Politico reported in 2015 that Clinton “ was seen by [ the Moroccan capital ] Rabat as among its staunchest supporters in the Obama administration . ” The Robert F. Kennedy Center for Justice charged OCP with “ serious human - rights violations , ” the Daily Caller said .
So the banks agreed to lend him tens of millions more in exchange for Trump temporarily ceding control over his multibillion - dollar empire and accepting a budget of $ 450,000 a month for personal expenditures . In August , New Jersey regulators prepared a report totaling Trump ’s debt at $ 3.4 billion , writing that “ a complete financial collapse of the Trump Organization was not out of the question . ” In September , Trump informed his bankers that he would not be paying the $ 1.1 million in interest due and asked that they defer $ 245 million of future loantransaction.transferownership.borrowlendpayments . Once again , the banks could do little but agree . The shuttle business was put up for sale , as was his $ 29 million yacht , the Trump Princess .
But all the state - owned Russian companies with Trump 's staff and friends on their payroll are only operated through blessing from Putin 's inner - circle . And in the past few years , Putin has quietly funnelled millions of dollars to politicians who might destabilize the West and be friendlier toward Russia . That includes an $ 11.7 million loantransaction.transfermoney.borrowlendfrom a Kremlin - controlled bank to the party of France 's far - right Marine Le Pen . In Greece , Putin 's government is suspected of funding the Golden Dawn , one of Europe 's most violent far - right parties . This is something American officials are actively watching .
“ If somebody said , ‘ How you doing ? ’ you 're going to say you 're doing good . ” Perhaps such dissembling is fine in polite cocktail party conversation , but in the business world it ’s called lying . And while Trump is quick to boast that his purported billions prove his business acumen , his net worth is almost unknowable given the loose standards and numerous outright misrepresentations he has made over the years . 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 loantransaction.transferownership.borrowlend, 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 . ( Trump personally guaranteed $ 40 million of the loan to his company , so Deutsche coughed up the money .
In defence of ‘ tax havens’ : offshore banking is not the same as dodgy dealing | Nigel Green Read more Oxfam contrasted the $ 1.4tn held offshore with the $ 1tn paid in tax by the top 50 US firms between 2008 and 2014 . It pointed out that the companies had also enjoyed a combined $ 11.2tn in federal loans , bailouts and loantransaction.transfermoney.borrowlendguarantees during the same period . Overall , the use of tax havens allowed the US firms to reduce their effective tax rate on $ 4tn of profits from the US headline rate of 35 % to an average of 26.5 % between 2008 and 2014 . The charity said this had helped firms spend billions on an “ army ” of lobbyists calling for greater state support in the form of loans , bailouts and guarantees , funded by taxpayers .
I started off in Brooklyn , New York , not so long ago , with a small loan and built a business that today is worth well over $ 10 billion . [ It depends on your definition of small . Trump says the loantransaction.transfermoney.nawas $ 1 million , which by most standards is not small . Additionally , the Washington Post Fact Checker finds that Trump benefited from significantly more help than that from his father , a successful real estate developer . — Tamara Keith ]
We rate Trump 's claim that policies allowed and encouraged offshoring as accurate , but Trump left out his own role in that process with his businesses . For that reason , we rate his claim as true , but misleading . Reality Check : Trump started off with a ' small loantransaction.transfermoney.borrowlend' By Jeremy Diamond and Sonam Vashi , CNN " I started off in Brooklyn , New York , not so long ago , with a small loan and built a business that today is worth well over $ 10 billion , " Trump said .
Last year , Thales also won a security contract for Qatar Hamad port , a large commercial facility which will also be the site for a naval base . In early January , Qatar closed a $ 5.5 billion syndicated loan , arranged by six banks including three Japanese lead lenders : Bank of Tokyo - Mitsubishi UFJ , Mizuho , and Sumitomo Mitsui Banking Corp , Reuters reported . Qatar National Bank , Deutsche Bank and Barclays helped arrange the five - year loantransaction.transferownership.na, expected to carry a margin of 90 basis points over London Interbank Offered Rate . A basis point is 1/100 of a percentage point . Qatar had previously hoped to raise $ 10 billion with a smaller margin of some 80 basis points , International Financing Review reported .
The " very small loan " Trump was referring to was $ 1 million from Trump ’s father , Fred , to finance his Grand Hyatt hotel in 1978 . ( At this point , Donald Trump was already president of his father ’s real estate company . ) But Fred Trump made out many other loans to his son until his death in 1999 , including a $ 70 million construction loan for the Grand Hyatt and a $ 3.5 million casino chip loantransaction.transferownership.nato bail out Trump ’s struggling gaming empire , the Washington Post Fact - Checker reported . Clinton : " In fact , Donald was one of the people who rooted for the housing crisis . He said , back in 2006 , ‘ Gee , I hope it does collapse , because then I can go in and buy some and make some money . ’ Well , it did collapse . "
Loans that his diminished reputation and sketchy repayment history has made difficult to obtain . For the last twenty years , Trump ’s go - to has been German - based Deutsche Bank , but even that relationship has soured as Trump has burned them on several occasions and the bank has faced its own pressures and troubles from outside their relationship . So where does a cash - poor billionaire go when they need a quick payday loantransaction.transfermoney.borrowlend? Well , if you ’re ultra - conservative George Will , you ’d guess Russian oligarchs . If you live in New York City , you might guess the Mafia .
It is thought that this funding , reportedly given to fringe anti - establishment parties across the continent , could be designed to agitate and destablise the Nato alliance , disturb the political structures of European countries , and stifle attempts to find alternative energy sources . According to a dossier on Russian activity seen by the paper , ' influence operations ' are being conducted by the Russian Government in France , Hungary , the Netherlands , Austria and the Czech Republic . The parties who have received Russian funding have not been revealed , but the list is thought to include a number of far - right organisations like Italy 's Northern League , Hungary 's Jobbik , Greece 's Golden Dawn and France 's Front National - which received a € 9 million ( £ 6.9 million ) loantransaction.transferownership.borrowlendin November 2014 from the First Czech Russian Bank , which is believed to have ties to the Kremlin . These claims mirror Cold War fears that the USSR was providing support and funding to dissident groups across Europe , in an effort to destablise Nato . One unnamed government source told the paper : “ It really is a new Cold War out there . ”
Many criticised the Prime Minister as making an ill - advised decision in order to win an election , which was due in 2014 . He also wanted to refrain from having too many foreign eyes on their economic policies , as many reforms were criticised as being undemocratic . Paying the loan back early has meant Hungary have saved € 11.7 million worth of interest expenses , but Gordan Bajnai , leader of the electoral alliance E14-PM , claimed that they had actually lost € 44.86 million by March 2014 because of the early repayment as all they did was replace the loantransaction.transferownership.nafrom the International Mafia Federation ( another nickname , we ’re still talking about the IMF here ) with a more expensive one , labelling the stunt as Propaganda . And what made further nonsense ; another loan at high interest rates was signed to finance a nuclear upgrade , which will mean not only higher repayments but also high electricity costs . But they do have economic sovereignty now .
" But unfortunately the banks have him . Goldman Sachs will call , ‘ Ted , this is what we want this week , make sure you get it . Remember the loantransaction.transfermoney.borrowlendyou got , Ted . ’ " Trump also confirmed that he asked Fox News to give a $ 5 million donation to veterans groups before he would consider attending Thursday ’s debate . A network representative told The Hill in a statement that it would not accept a “ quid - pro - quo . ”
Oil revenues make up 77 % of the country 's total revenue , and because of the severe drop in oil prices revenue is down by 23 % on the previous year . As a result , for the second time in four months the ratings agency S&P has downgraded Saudi Arabia 's debt rating , which makes it more expensive for Saudi Arabia to borrow money . The country is reportedly also asking banks for a loantransaction.transfermoney.borrowlendof up to $ 10 billion ( £ 6.8 billion ) . Lagging behind on diversifying the economy away from oil In an interview with Al Arabiya news on Monday , Prince Mohammed discussed expanding the country 's Public Investment Fund to $ 2 trillion ( £ 1.3 trillion ) , up from $ 160 billion ( £ 110 billion ) , adding that it would " become a hub for Saudi investment abroad , partly by raising money through selling shares in Aramco . "
During the hiatus , borrowers would receive help and advice to save money , the preview material provided to education advocates said . Clinton frequently talks of the advantages of loan repayment plans that are tied to income , which would be one of the refinancing options along with help reducing fees and resolving delinquent debts . Clinton also plans to use the moratorium to crack down on for - profit colleges and loantransaction.transfermoney.borrowlendservicers , whom she accuses of often taking advantage of borrowers . ” She will use the setting , Atlantic City , to slam Trump 's business acumen and poor record of running casinos . She 'll also accuse of him " cheating workers . " -- In good timing for HRC , USA Today fronts this story -- > “ Trump casino empire dogged by bad bets in Atlantic City , ” by Karen Yi : Records “ shine light on an era marked by battles with regulators who often doubted statements by Trump , yet allowed him to keep operating . ” The paper ’s review “ also found Trump ’s casinos repeatedly broke state rules , leading to more than a million dollars in fines .
But that is simply not credible . He appears to have inherited about $ 40 million . He also benefited from numerous loans and loantransaction.transfermoney.borrowlendguarantees , as well as his father ’s connections , to make the move into Manhattan . His father set up lucrative trusts to provide steady income . When Trump became overextended in the casino business , his father bailed him out with a shady casino - chip loan — and Trump also borrowed $ 9 million against his future inheritance .