Through that same banker, Fred Trump also arranged for Donald Trump to obtain a personal line of credit of $35 million at Chase Manhattan. In one more bit of evidence that the wealthy are not like you and me, the bank gave Trump the loan without even requiring a written agreement….
In 1978, the same year that Fred Trump set up the credit line for his son at Chase Manhattan, Trump’s personal finances collapsed. By then, he had borrowed $38 million from his line of credit—the bank adjusted the available amount up by $3 million when Trump exceeded his credit limit.
I'm just resentful because when I got my $35 million line of credit at the Chase, they made me fill out an application.
The American Dream (of being born in wealthy family) is still alive. There's plenty of opportunity out there if you work hard and "borrow" $18M from your father at no interest.
I remember LMFAO'ing about Mittens' suggestion that college grads should get a $20K loan from the Bank of Mom and Dad to start a business. That suggestion seems so grounded in comparison to this FFS.
I'm just resentful because when I got my $35 million line of credit at the Chase, they made me fill out an application.
The teal copy is for your own records.
Need Bank of Wonkville credit card.
you can cheque out any time you like…
what's in your wallet?
An EBT card?Oh, you were just making a joke.That is so bootstrappy!
The American Dream (of being born in wealthy family) is still alive. There's plenty of opportunity out there if you work hard and "borrow" $18M from your father at no interest.
Hey, surprisingly, the comments are readable!
I don't even want to refi my house because I'll have to fill out an application.
Trump is evidence there is no God, no karma, and no justice.
That or God is kind of a prick…
I remember LMFAO'ing about Mittens' suggestion that college grads should get a $20K loan from the Bank of Mom and Dad to start a business. That suggestion seems so grounded in comparison to this FFS.