News on Youtube Oct 2 2017

HAHAHAHA

That's one of my favorite lines

HAHAHA

Can I buy a cigarette from you?

Holy S**t

For more infomation >> Episode: 1.. Seattle, Washington - Duration: 2:52.

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Did President Trump add $33 million to Puerto Rico's debt by bankrupting a golf course there? - Duration: 1:41.

This week there were left leaning blogs

and social media posts charging

that President Trump had declared bankruptcy

on a golf course

and Puerto Rico

and left the Puerto Rican government liable

for tens of millions of dollars worth

of bonds.

In the early 2000s,

the Puerto Rican government was hoping to

bolster the island's hospitality

industry so they backed bonds

to finance the development of hotels

and resorts.

The Coco Beach Golf

and Country Club,

which opened in 2004,

was backed by these bonds to the tune

of $25.5 million.

The recession hit Puerto Rico hard.

And by 2008 the resort

was heading toward bankruptcy.

That same year Trump agreed to license

his name and manage the resort as

a Trump International Golf Club Puerto

Rico.

But it kept struggling.

And in 2011,

it took on another bond offering

for 28 million dollars.

But Trump wasn't a meaningful part of this

decision.

The official documents show that the Puerto

Rican government knew just how much money

the resort was losing yet lent

the money anyway.

In 2015,

the property filed for bankruptcy

leaving Puerto Rican taxpayers

with a $33 million

debt.

So sure,

Trump shares some of the blame for failing

to turn the club around

but blaming him for contributing to the Puerto

Rican debt, is a shade too far.

The recession was a major factor

in the property's financial