When the Great Financial Crisis threatened the biggest thing he had ever built, Donald Trump strong-armed his lenders into letting him off the hook on $270 million in loans, according to the New York Times. The tactic was indicative of how, over the course of his real estate career, the president has been able to maneuver out from under significant debts and to use losses to reduce his tax bills. In September 2008 Trump was
source https://therealdeal.com/2020/10/28/trump-strong-armed-lenders-to-forgive-chicago-tower-debt-ny-times/
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