The first bank to call in Trump's chips may start a stampede for his money

[Tetrachloride]

related story https://www.rawstory.com/banks-can-call-trumps-loans-after-maxars-disclosure-ex-prosecutors-says-it-is-a-super-big-deal/

The last bank may get nothing.

Who wants to be Trump accountant now ? I volunteer

[RockRaven]

1. Hey, don't be last, guys! Better try to be first. Let's go!

[Moostache]

2. What money? He is broke...he has debt and inflated, over-stated assets

The run will be to claim anything of potential value before its seized and auctioned later...

[uponit7771]

3. They ALL should be calling in loans the MILLISECOND his AF dumped him

[fightforfreedom]

4. Has he already started to sell properties? I believe I read that somewhere.

If he starts selling more property, then we will know he is trouble financially.

[patphil]

5. Maxars abandonment of Trump is the equivalent of blood on the water.

Next is the feeding frenzy as the financial sharks circle in for the kill.

[tishaLA]

6. I wonder how many concerned calls have ricocheted

around lenders in the past 24 hours.

[Buns_of_Fire]

7. Time for a new grift:

WIN! the honor of having the 45th President of the United States stay at YOUR house indefinitely!!!

Yes, for only $10,000/day, the entire rump family will move in with YOU!!!



HURRY! Select dates are still available!

[lagomorph777]

8. This should be amusing.

[KPN]

9. Wouldn't that be fun.

[TomSlick]

10. Trump's creditors have an interesting problem.

The first to call a note will start a stampede which will likely result in Trump's bankruptcy. If Trump goes into bankruptcy, the creditors will be lucky to get pennies on the dollar.

I expect the creditors to be hoping for on-going payments. They will likely call notes only when they give up all hope.

[Wounded Bear]

11. Like most wealthy people, trump basically lives on credit...

Now, most wealthy people actually control enough wealth and manage their incomes to pay their credit card bills. trump has lived his life by continuously taking out more loans to pay off the loans he currently holds. And he has used a lot of lies and distortions to make that happen.

Once a bank says "no mas" it makes it harder for him to continue the process with others. Much like in the 90's, when most US banks stopped financing his scams he turned to DeutcheBank, with strong Russian backing, to continue the grift. Sooner or later, someone who is over-leveraged will lose support.

trump's assets are largely not liquid, many are not even real. When the piper comes calling to pay for the dance, he's in trouble. I suspect that now that trump is out of public life and not active in government his Russian backers will no longer help him. They've been shifting back to the more generic social media divisions and subversions.

[keithbvadu2]

12. Trump MAD Magazine 1992

https://www.snopes.com/fact-check/1992-mad-magazine-trump/

Trump MAD Magazine 1992