Trump Has a Half Billion in Loans Coming Due. They May Be His Biggest Conflict of Interest Yet.

[Demovictory9]

https://www.motherjones.com/politics/2020/06/donald-trump-loans-deutsche-bank/

Win or lose in November, one thing won’t change for Donald Trump: Over the next few years, his company must settle a series of whopping debts. Before the end of a theoretical second term, his company will have to refinance—or, in a far less likely scenario, pay off—nearly a half-billion dollars in loans linked to some of his most prized assets, including Trump Tower. These debts are maturing at a perilous moment for Trump, whose hotels and resorts have been plagued by declining revenues. And that was before the coronavirus pandemic pummeled the hospitality industry in general and the Trump Organization in particular, forcing the full or partial closure of most of its hotel and resort properties.

On financial disclosure forms, Trump has reported holding 14 loans on 12 proper­ties. At least six of those loans, representing about $479 million in debt, are due over the next four years. Some are guaranteed by Trump himself, meaning a creditor could come after his personal—not corporate—­assets if he defaults. If he holds onto the White House, the refinancing of these debts could take his conflicts of interest to absurd new heights. How will the public know if these deals are on the up and up or whether Trump is receiving sweetheart terms from a bank that wants an in with the president? And what might a lender desire in return for helping Trump out of a financial jam?

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In any scenario, Trump’s soon-to-be-due loans are an unprecedented ethical minefield, rife with potential conflicts of interest and the possibility of corruption. “It’s highly disconcerting,” says Virginia Canter, chief ethics counsel at the watchdog group Citizens for Responsibility and Ethics in Washington and a former ethics lawyer at the Treasury Department and Securities and Exchange Commission. “I’m sure in some ways the best thing that could happen is that he not win reelection.”

[kentuck]

1. He should have no problem with that.

He and Mnuchin are holding over $600 Billion in subsidy funds which no one is accountable for?

[Ponietz]

2. Meanwhile we might get a final ruling in the emoluments case by 2025

[ProfessorGAC]

3. That We Know Of

And others we already know of and are still extant puts a crushing burden on cash flow.
The debt load is a minimum of $1.8 billion above what was reported in 2016! ($5.4 billion then)
And Moody's credit worthiness report on Trump Organization stated the properties' value was over stated by nearly $2 billion.
There was never a billion, the debt service is crippling, and the "no payment" term is coming up on another $500 million.
This suggests net worth was not much over 20% of what PINO inherited in the early 90s. 20% yield in nearly 30 years, starting on 3rd base, when markets average >9% annually.
What a genius!! Oh, what's that other word that's just like genius? Failure? Yeah, failure is what I meant!

[Demovictory9]

4. thanks for the additional info. wish we could see those tax returns

[smirkymonkey]

5. +1000