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This is briefly discussed in the NYT article. Apparently some of the loans are borrowed against his personal holdings.
by ENOTTY 6y ago
This is briefly discussed in the NYT article. Apparently some of the loans are borrowed against his personal holdings.
- cm2187 6y agoThat may be the case but I would be surprised the NYT would know, unless they have seen the terms of the loan.
- digitaltrees 6y agoNo. Recourse loans are listed on tax filings separately from non-recourse. The personal guarantee means it shows up on personal income statements. So no other records are needed.