Biased Washington Post Claims Trump Gave False Information to Lenders and Investors

On March 28, 2019, The Washington Post ran a political article claiming President Trump gave lenders and investors incorrect financial information. The Post claims these “Statements of Financial Condition” were “deeply flawed.” It further claims that Trump overvalued his assets when attempting to get bank financing.

The Washington Post doesn’t understand business.

For instance, the Post noted that in a financial statement concerning the value of land zoned for residential construction around his golf course in Southern California, Trump claimed the ground was zoned for 75 home sites. At the time the statement was made, the ground had only 36 lots.

This is not a deception nor incorrect information. It is simply the way that real estate development works. More than likely Trump realized that the ground which, at the time, was approved for 36 lots could be altered. Maybe the zoning restrictions changed or maybe he spoke with city planners who advised him that the planning board was receptive to building houses on smaller lots.

This often happens in areas where ground costs are very high.

Trump realized that there would be increased value by going to the planning board and re-dividing the land. He likely…