Donald Trump’s companies are almost $1.8 billion in debt to more than 150 institutions, a new report has suggested – raising fresh questions about potential conflicts of interests when the Republican takes office in January.
“The problem with any of this debt is if something goes wrong, and if there is a situation where the president is suddenly personally beholden or vulnerable to threats from the lenders,” said Trevor Potter, who served as a general counsel to the presidential campaigns of Republicans George H.W. Bush and John McCain. Mr. Potter also heads Caplin & Drysdale’s Political Law Group.
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Excerpt taken from the article “Trump’s Debts Are Widely Held on Wall Street, Creating New Potential Conflicts” by Jean Eaglesham and Lisa Schwartz for The Wall Street Journal.