Posted By: impposter
Re: Source? Details? NOT Debanked.
YOU, lester, began this thread with a story from a podcast and very little detail. You provided NO LINKS links to any sources whatsoever, not even the podcast link: no date, nothing. How is anyone supposed to check a source when there is NO SOURCE PROVIDED?
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The claim in your OP was, "Melania and her minor son Barron Trump were debanked for political reasons." That reminded me of a story from several years ago that Melania complained about a bank refusing to allow her MINOR (younger than 18 yo) son Barron to open a checking account. I don't know if it is a US Banking regulation, but most banks will not open an **individual** CHECKING account for a minor. They will allow the parent or guardian to open a JOINT checking account with both the ADULT and the minor named on the account and the adult being responsible for the account (overdrafts, etc.).
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Adults who are credit card account holders can ask their CC company to issue additional cards for their minor children to use -- but the ADULT is the one responsible for paying the bills and for any abuse on the account (e.g., a minor trying to pay for TER membership using the adult's CC).
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Banks today (and for the past year or so) are probably very wary of doing biz with any Trump biz or organization. Trump currently has liabilities of over $100M to Jean Carroll; over $400M to NYS; a possible $100M IRS debt due to tax fraud on the Chicago Tower (Trump "parked" a forgiven / unpaid $50 M loan with Trump Org and failed to pay taxes on the forgiven amount); Trump has $360 M of debt on the San Fran tower; Trump has a $118M loan on 40 Wall St. due in July 2025 and the building is badly under water (some estimate that Trump's lease is currently worth less than $100 M); ... all told, Trump's debt is estimated to be almost $2B (
http://www.forbes.com/sites/danalexander/2024/10/30/heres-how-much-money-trump-owes-and-who-stands-to-collect/ Forbes Oct 30, 2024 - paywall; full story blocked).
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There may be problems doing biz with Trump as POTUS regarding COIs, emoluments, etc..
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Trump may have to get money from foreign sources (e.g., Saudi funded LIV golf tournaments at Trump golf clubs) in order to pay off a bunch of loans.
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Trump, his biz, and his family ARE political. That does not change the fact that Trump, his biz, and his family are real credit risks because of their past actions. Put them both together and Trump, his biz, and his family are credit risks for any bank or lender.
Posted By: lester_prairie
Re: Source? Details? NOT Debanked.
In her book, Melania did not name the bank that debanked her. Yet somehow you purport to know details of the incident not mentioned in the book. What was the name of the bank that released this information to you?
-- Modified on 11/30/2024 10:20:32 PM
-- Modified on 12/1/2024 1:44:29 PM