Should Trump Sell His Businesses?

[DonViejo]

February 24, 2021 at 8:32 am EST By Taegan Goddard

Washington Post: “Some of Trump’s businesses are now in crisis, facing sharp drops in revenue and an exodus of clients, lenders, lawyers and business partners. Now, sharks are circling.”

“The Washington Post spoke with four investors who said they are exploring efforts to buy Trump’s properties or the loans he has taken out on them. They believe Trump has fatally wounded his brand — a view shared by some independent analysts — and they are hoping he will cut his losses by selling them luxe properties for cheap.”

Said one investor: “The first thing you do is you take the Trump name off them — which, by the way, could be a multiple-week effort, because it’s on everything. Once it’s gone, it’s a competitive asset.”

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https://politicalwire.com/2021/02/24/should-trump-sell-his-businesses/

[lagomorph777]

1. No. They should be confiscated and sold for restitution.

[Hugin]

5. Once, when I was doing my civic responsibilities...

and serving on a jury.

During a short recess in the trial which I was involved, I witnessed the auction of a foreclosed property worth several million Dollars on the Court House steps.

I even considered bidding on it, but, I couldn't figure out how I'd juggle the paperwork in the fifteen minute recess or if I could pick it up for the money I had on me. It's not my habit to serve on a jury with my pockets full of cash.

Anyway, the auction was over and the property was sold for the 10's or low 100's of thousands of Dollars.

The question that comes to mind is why haven't these assets been subjected to this treatment sometime during the earlier at least six bankruptcies? The obvious answer is this is the reason the tax records are held so dearly all the way to the SCOTUS. The second they come to light the hammer comes down on the fraudulent fortune.

[rampartc]

6. each property is probably a separate corporation

a businessman with trump's ethics and morals will load up all of his debts into 1 of his numerous corporations, and take that one bankrupt.

if you buy such a hot potato you might find yourself paying for trump's private jet and don jr's last safari.

[Hugin]

7. Yeah, the "Coleco Gambit".

Stuff all of your losers into one Division of your company, cut it loose, and walk away. A scheme straight out of the 80's which is why it makes sense it's his game.

It only works if you have at least one winner to circle the wagons around. (as Coleco discovered) Until now, The Former Guy's lynch pin has been his main building in Manhattan. Now, that tower appears to be leaning. (liening... A pun! Get it? Hee.)

Care to speculate on how leveraged the equity in that property is? I'm guessing at least 9 or 10 times. Easily! All of the rest of it has been acquired through a shell game of leveraged money and is worth far less than nothing.

[rampartc]

8. i wonder how many people think they own 25% of trump's business

who could watch the producers and think "hmmmm that sounds like a good business model?"

[Hugin]

10. I'll start the bidding at eight.

Five acknowledged kids and three 'spouses'. A little hilarious, because you know they were all in the room when he told them. Which, indicates none of them can count to four.

From there, who knows? Illegitimate kids, unfiled settlements, baby-mamas, king pins, hookers, Saudi princes, hush money, hit men, the Russian syndicate, etc. The latest stake holder promised 25% of zero, I suspect is Mike Pence as kind of a 'sorry I tried to have you killed' salve.

Michael Cohen could get you in the ballpark, but, I doubt he even knows half of it.

Since we started talking about this, I came to the sudden realization that's why the move to FL. He's circling the wagons around Mar-a-shithole. Using FL's one residence law to shield his asset. Which, really shows he believes he will eventually lose in NY. Also, you know he gets all of that Birthing Tourism money and other scams based on the continuing cons there. It's his 'winner' right now. There was also the moves leading up to him leaving office trying to get a flight to Scotland. As far as I know, that is a lease. So, it wouldn't be a long term solution.

[samnsara]

2. i want the gvnt to take them.. the way they owned the Mustang Ranch for a bit...

[WarGamer]

9. if the IRS and NYS had his tax records for the last 40 years....

Why never charged with Tax crimes?

[Hugin]

3. It might be even easier once the tax issues come to light.

Last edited Wed Feb 24, 2021, 03:28 PM - Edit history (1)

Tax liens are pennies on the Dollar.

The Man Who Is To Be Forgotten, only owns huge amounts of debt. (mostly to people who will crack knees as their collateral, if they aren't paid. They are only interested in launder-able liquid assets and not in becoming property managers)

[Retrograde]

11. Should? Yes. Will? No

If he were to sell to sane, normal, responsible businesspeople it would involve opening up the books and disclosing how much debt there is on each property, and just what the operating expenses and actual incomes are. Plus, aren't sales prices on real estate a matter of public record in most states?

OTOH, we're talking about Agent Orange here, who still has enough sycophants who'd be happy to toss him some big bucks to help him out. He'd gladly sell if he could do most of the transactions under the table, all the while claiming he's divesting himself of properties so he can devote more time to being president in 2025.