Election 2016

Report: Trump Hasn’t Actually Forgiven His Campaign Loans

JM Ashby
Written by JM Ashby

After the Trump campaign and Trump himself were embarrassed by an FEC report showing that the campaign has almost no money in the bank, Trump made a splash in the headlines by announcing that he would forgive all the loans he's made to his campaign by retroactively converting it to donations.

The fact that the campaign had so little cash on hand added credence to accusations that Trump is not as personally wealthy as he says he is so, to that end, Trump sought to change the narrative in the media by forgiving up to $50 million in loans.

That political play worked to some extent. A wide swath of media outlets reported Trump's donation without actually verifying it and, as it turns out, there's no evidence as of today that Trump has actually forgiven his loans.

via NBC News:

A week later, NBC News has learned the FEC has posted no record of Trump converting his loans to donations. The Trump Campaign has also declined requests to share the legal paperwork required to execute the transaction, though they suggest it has been submitted. [...]

An FEC staff member tells NBC News there is no new filing changing Trump's loans.

Trump could still forgive the loans he's made to his campaign, but he hasn't done it yet.

His campaign's refusal to share the paperwork adds further doubt that he'll actually do it.

Just like his recent donation to veterans, Trump might have to be publicly shamed into doing it.

  • waspuppet

    “Just like his recent donation to veterans, Trump might have to be publicly shamed into doing it.”

    That worked because he probably DOES have a million dollars. Shame may not work this time, because I’m no longer convinced he even has $50 million.

  • muselet

    As predictable as the sunrise, this is.

    Expect a Trump campaign spokescritter (Katrina Pierson, come on down!) to denounce the FEC as a Democratic Party front organization by the end of business today.


  • He said it. What more does he need to do? He says stuff and it happens. You don’t think he actually needs to file paperwork? He’s Donald Trump!

    • Draxiar

      It’s on his hat.

  • Aynwrong

    Shocking. Positively shocking.

    • You could knock me over with a feather!

  • Username1016

    Reminds me of Gilbert & Sullivan.

    KoKo: It’s like this : when your Majesty says, “Let a thing be done”, it’s
    as good as done — practically, it is done because your Majesty’s will is law.
    Your Majesty says “Kill a gentleman”, and a gentleman is told off to be killed.
    Consequently, that gentleman is as good as dead — practically he is dead,
    and if he is dead, why not say so?

    Mikado.: I see. Nothing could possibly be more satisfactory!

    If Trump says he converted the loans, it’s as good as done — practically, it is done because Trump is infallible. So why not say so?

  • Badgerite

    That’s a surprise. Who could have predicted it?