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judeling

(1,086 posts)
Tue Nov 10, 2020, 06:30 PM Nov 2020

Can we Buy Trump's Debt

Have to get the lawyers here on it. But it would be a wonderful counter narrative to set up.
As has been pointed out the bank holding the majority of it is shopping it so we could probably get it at a bit of a discount. Which of course would be huge politically.
The Debt is a huge national security risk and so the attempt would be able to highlight it, put that in the founding documents.

If we set this up right it would be a huge burr under the saddle. If we set it up in a way that monies raised would go to 2022 senate candidate challenge funds if it fails and/or the money realized from it does so, it could also generate a Red state response which would double the effect.

Lets not forget how much of his power derives from the successful businessman image, damaging that would have a huge impact.

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Statistical

(19,264 posts)
1. Sure if you are cool with losing most your money when the whole pyramid scheme comes crashing down
Tue Nov 10, 2020, 06:32 PM
Nov 2020

There is a reason most banks won't answer Trump's phone calls.

exboyfil

(17,862 posts)
3. In theory his current creditor
Tue Nov 10, 2020, 06:37 PM
Nov 2020

would sell the loan at a discount recognizing that fact. Also you have got the unpopularity of the loan. Trump's assets do have some value.

Let Trump experience what is like for the rest of us trying to deal with creditors that don't give you any favors.

judeling

(1,086 posts)
5. since he is personally on the hook for a large part of it
Tue Nov 10, 2020, 06:51 PM
Nov 2020

going after assets in court, would extend the narrative. In addition recovery of costs would be part of the judgement. Additionally those assets would be independently valued by the court.

What we establish is a entire couple of year media event that can be used to cudgel Trump and his enablers.

exboyfil

(17,862 posts)
2. George Soros has $8.6B
Tue Nov 10, 2020, 06:35 PM
Nov 2020

Now wouldn't that be a hoot especially if Soros squeezes him in a very public fashion. Seriously all the crap they say about him, it might be an opportunity to get some revenge.

exboyfil

(17,862 posts)
7. They do.
Tue Nov 10, 2020, 07:04 PM
Nov 2020

If you are personally responsible for debts, those debts are supposed to be paid before the assets are distributed. If not the creditor can come after those assets (for small amounts and highly liquid it becomes very difficult to collect, but real estate and items of high value can be tracked and those receiving them or funds from selling them can be sued as well).

keithbvadu2

(36,775 posts)
9. Buy the debt with the condition that Eric, ... personally co-sign/guarantee the payback.
Wed Nov 11, 2020, 12:25 AM
Nov 2020

Buy the debt with the condition that Eric, Donnie Jr, Jared, and Ivanka personally co-sign/guarantee the payback.

They would have to reveal their net worth to do it.



Of course they would not to do it.

They know what a deadbeat Daddy is.

Latest Discussions»General Discussion»Can we Buy Trump's Debt