Reply to Trump - bankers = Shylocks

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I fact checked this and this is what he said:

On July 3, 2025, President Donald Trump used the term "Shylocks" to refer to some bankers during a speech at the Iowa State Fairgrounds, while discussing his "One Big Beautiful Bill Act." He said, "No death tax, no estate tax, no going to the banks and borrowing from, in some cases, a fine banker and in some cases, Shylocks and bad people. They destroyed a lot of families, but we did the opposite."

Trump later claimed he was unaware of the term’s antisemitic connotations, stating, "I’ve never heard it that way. To me, a Shylock is somebody that’s a money lender at high rates

[/quote]

What's the term for someone who takes out loans at high (or low) rates and then declines to pay them back.every.time?[/quote]

That person is affectionately known as a "Trump"[/quote]

Yup.  According to a 2020 NYT report, Trump’s lenders forgave approximately $287 million in debt, much of it related to the Trump International Hotel and Tower in Chicago. The report details how Trump defaulted on loans, sued his lender (Deutsche Bank) for alleged predatory practices, and ultimately had significant portions of the debt forgiven, which allowed him to avoid substantial federal income tax on the canceled debt due to losses in other businesses.[/quote]

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