into a special status while they get their new ventures off the ground . For millions of young Americans , this would mean deferment from having to make any payments on their student loans for up to three years — zero interest and zero principal — as they work through the critical start - up phase of new enterprises . Hillary will explore a similar deferment incentive not just to founders of enterprises , but to early joiners – such as the first 10 or 20 employees .
The $ 800 billion stimulus was unpopular . But the huge bill touched nearly every aspect of American life in a positive way . It saved the jobs of hundreds of thousands of state and local government workers ( including first responders ) , cut taxes on the middle class , accelerated the transition to clean energy , hastened electronic medical record - keeping , incentivized accountability in public education ( through the Department of Education 's " Race to the Top " ) and began the rapid expansion of college loanstransaction.transfermoney.borrowlend, among hundreds of other investments . The 2010 Dodd - Frank bill , while too modest , sharply increased regulation of Wall Street and lessened the chance of another crash and bailout . It also included Elizabeth Warren 's proposed Consumer Financial Protection Bureau , which has labored quietly and successfully on behalf of ordinary people victimized by predatory lenders .
Mr Putin ’s name , they note , does not appear in the Mossack Fonseca documents . Questions about how the president ’s old friend , the cellist Sergei Roldugin , came into such enormous wealth are dismissed as “ Putinophobia ” . Andrey Kostin , head of the state - run bank VTB , which allegedly made loanstransaction.transfermoney.borrowlendto Mr Roldugin through a Cypriot subsidiary , called the notion of Mr Putin ’s involvement “ bullshit ” . The documents may prove far more damaging for Mr Putin ’s counterpart in Ukraine , Petro Poroshenko . A confectionery magnate known as the “ Chocolate King ” , Mr Poroshenko promised to sell his company , Roshen , after winning the presidency in May 2014 .
" I built a business after my father gave me a small loan of a million dollars . " This is a fable . Trump benefited from millions of dollars in loanstransaction.transfermoney.borrowlendfrom his father , as well as his father 's connections in New York real state and local government . His father also saved him from almost certain financial ruin in 1990 . " Trump University got an A rating from the Better Business Bureau . "
Nonetheless , the suggestion that outrage at the U.S. banking system for its role in the financial crisis was based in “ misunderstanding ” and “ politicizing ” is risible . Here ’s what one U.S. bank was up to seven years before Clinton ’s speech : In April 2006 , Goldman Sachs provided investors with a bullish report on Countrywide ’s high - quality mortgage loans — loanstransaction.transfermoney.borrowlendthe bank had helpfully packaged into AAA - rated mortgage - backed securities , thereby offering those lucky clients a low - risk way of profiting from America ’s housing boom . When the bank ’s head of “ due diligence ” saw the report , he typed a short email to his colleagues : “ If only they knew … ” You need both a public and a private position .
What Trump has not hesitated to do is take money from anyone and anyplace regardless of who they are and what their values may be as American banks have , one by one , blackballed him because of his shady practices and enormous debt load , which stands at a mind boggling $ 630 million . As aggregated by Josh Marshall at Talking Points Memo , the links between Trump and Russian interests are mind boggling : * As Trump ’s debt load has grown , he has become increasingly reliant on no - questions - asked loanstransaction.transfermoney.borrowlendfrom sleazy characters close to Putin . Typical is Trump ’s Soho development in Manhattan , which foundered because of lawsuits over his all - too - common efforts to defraud investors until secret financing was arranged . The financiers were Salvatore Lauria , a twice - imprisoned Russian immigrant with extensive ties to Putin and the Russian criminal underworld , and Alexander Mashkevich , a Kazakh billionaire once charged with corruption .
Seven CIA employees , as well as the GID officer , were killed in the attack . Two recent heads of the service , also known as the Mukhabarat , have been sent to prison on charges including embezzlement , money laundering and bank fraud . One of them , General Samih Battikhi , ran the GID from 1995 to 2000 and was convicted of being part of scheme to obtain bank loanstransaction.transfermoney.borrowlendof around $ 600 m for fake government contracts and pocketing about $ 25 m . He was sentenced to eight years in prison , but the sentence was eventually reduced to four years that were served in his villa in the seaside town of Aqaba . General Mohammad al - Dahabi , who ran the service from 2005 to 2008 , was later convicted of stealing millions of dollars that GID officers had seized from Iraqi citizens crossing into Jordan in the years after the American invasion of Iraq in 2003 .
But just as in Trump 's tax return , those disclosure documents do n't reveal how many Russian investors may have put money into any Trump properties , Scott said . Related : Will the public get to see Mike Pence 's tax returns ? Trump on Tuesday told CNN affiliate WFOR in Miami that he has " nothing to do with Russia whatsoever , " including no loanstransaction.transfermoney.borrowlendfrom Russian banks or investors . He reiterated that assertion in a controversial press conference on Wednesday , in which encouraged Russia to hack Hillary Clinton . A trade publication reported , however , that his son Donald Trump , Jr. in 2008 said , " Russians make up a pretty disproportionate cross - section of a lot of our assets .
The US alleges he is the “ personal banker ” for many senior Russian government officials including Putin . The Panama Papers disclose that Kovalchuk and Bank Rossiya achieved the transfer of at least $ 1bn to a specially created offshore entity called Sandalwood Continental . These funds came from a series of enormous unsecured loanstransaction.transfermoney.borrowlendfrom the state - controlled Russian Commercial Bank ( RCB ) located in Cyprus and other state banks . There is no explanation in the files of why the banks agreed to extend such unorthodox credit lines . Some of the cash obtained from RCB was also lent back onshore in Russia at extremely high interest rates , with the resulting profits siphoned off to secret Swiss accounts .
Trump has built up a multi - billion - dollar net worth , expanding his father 's lucrative real estate business to new heights . But while much of Trump 's success is a credit to his work , he was born into a successful , wealthy family , inheriting part of his father 's more than $ 200 million net worth . Trump 's narrative of self - making his entire fortune does n't quite hold up either -- The Washington Post Fact Checker found that he profited from loanstransaction.transfermoney.borrowlend, loan guarantees , his father 's connections and trusts to help create his empire . Trump has boasted over and over that his net worth is $ 10 billion , but it 's unclear how true that really is . Last year , Forbes rated his net worth as $ 4.5 billion -- less than half of what Trump claims .
" Secretary Clinton and I do disagree on issues . But what she was saying there is absolutely correct , ” he told George Stephanopoulos . “ And that is you ’ve got millions of young people , many of whom took out loanstransaction.transfermoney.borrowlendin order to go to college , hoping to go out and get decent - paying , good jobs and you know what ? They are unable to do that . And , yes , they do want a political revolution . ”
That automatically makes it news . And Trump himself is making things worse . Asked by Newsweek , “ Do you , or any of your business units have outstanding loanstransaction.transfermoney.borrowlendwith Russian banks or individuals ? ” his spox said “ Mr. Trump does not have any business dealings in / with Russia . ” Then Trump tweeted this : For the record , I have ZERO investments in Russia .
“ Someone who kills and jails his adversaries , has basically destroyed Russian democracy . ” Clark , who unsuccessfully sought the Democratic presidential nomination in 2004 , said Trump “ does n’t do his homework , ” appears to be “ totally consumed by self - interest ” and , with business connections all over the world , wo n’t release his tax returns , raising questions about conflict of interest . “ I ’d like to know who invests in his properties , who controls his loanstransaction.transfermoney.borrowlend, what the business connection is with Russia , ” he said . “ We ca n’t have someone as our commander in chief and president who does n’t understand American values and whose character is n’t suited to the awesome responsibility of that office . ” This year ’s presidential campaign has garnered a lot more political involvement by former military leaders in support of the candidates , drawing criticism from former commander of the Joint Chiefs of Staff Gen. Martin Dempsey who warned these actions could undermine the political neutrality of the military .
Why should the wealthiest sector of the economy be the one sector which is not contributing a sales tax to our general revenues ? So , even putting a tiny tax on Wall Street transactions would generate hundreds of billions of dollars , which are critically needed . In addition , as I mentioned , we need a Green New Deal to actually create the jobs directly , government - funded jobs , which create incentives , grants and loanstransaction.transfermoney.borrowlendfor small businesses , for worker cooperatives and nonprofits , and with government as an employer of last resort to ensure that we have the jobs that we need to transition the economy in the time frame needed to 100 percent clean , renewable energy by 2030 , a healthy and sustainable food system , which is currently the source of many of our fossil fuel emissions , and efficient , renewably powered public transportation , also to restore our ecosystems . And finally , healthcare as a human right needs to be provided as a basic right for everyone through an improved Medicare - for - all system . It does n’t cost any more .