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Thu Nov 17, 2016, 02:31 PM

Trump Plans to Cash in -.even if his Properties all Burn to the Ground

Recent media has mentioned the difficulty of protecting Trump Tower in NY - one of the most difficult Secret Service tasks ever.

It's not the job of the Secret Service, but how will they protect the twin Trump Towers in Istanbul once Trump ramps up his deportation pogrom and "knocking the hell out of ISIS?"

I would not be wanting to insure Trump holdings worldwide against anything like fire, vandalism or terrorism (the latter is often a policy exclusion for little guys but possibly there would be variation or some negotiation on big dollar investments like Trump properties.)

In town here some business owner facing declining sales is charged with torching the business for insurance fraud purposes. That's arson of course. Very common with distressed properties.

Look for Herr Drumpf to be arsonist in chief, only he will be pissing off far too many jihadists and they will do the work for him, saving Trump the trouble of doing it himself. !]

The main possibilities here seem to be:

1. Trump has good insurance for this risk and cashes in big time, both on insurance and increased sympathy for his Trump brand among some. (Might the US government by any law have to indemnify the President in any way for.personal losses sustained on account of him being President?)

2. The insurers balk, deem themselves insecure, and cancel the policy, leaving Trump Properties uninsured. (Property not mortgaged)

3. The insurers balk, Trump has mortgaged the property and lack of suitable insurance becomes a condition of default and foreclosure if the banks don't believe adequate insurance is.in place or can be obtained.

4. The Trump Bailout Act of 2017 transfers many billions to the coffers of Trump Properties.

There are various other ways this could go, but don't you think that no matter what happens, Trump will reap a windfall?

He now claims to not care, because he's moved on to much bigger things, but nothing is bigger than billions for Trump, and you can bet that having risked as much as he has so far, he is going for much more than being a geopolitical master of the universe!

Please post your ideas on how Trump plans to cash in - no matter what.... I bet he has a plan, I'm just not sure exactly what it is. Ideas?

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Reply Trump Plans to Cash in -.even if his Properties all Burn to the Ground (Original post)
Land Shark Nov 2016 OP
CanonRay Nov 2016 #1
Land Shark Nov 2016 #4
Retrograde Nov 2016 #2
Land Shark Nov 2016 #3
avebury Nov 2016 #6
rwheeler31 Nov 2016 #5
Land Shark Nov 2016 #7
MiniMe Nov 2016 #8

Response to Land Shark (Original post)

Thu Nov 17, 2016, 02:35 PM

1. I suspect that the other tenants of Trump properties

are going to start cancelling leases and/or moving out ASAP. They will get fed up or scared in a hurry.

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Response to CanonRay (Reply #1)

Thu Nov 17, 2016, 02:38 PM

4. Already fleeing. The "distressed property" scenario already exists. Nt

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Response to Land Shark (Original post)

Thu Nov 17, 2016, 02:35 PM

2. Why should the Secret Service care

about his properties overseas? They are required to protect the place where he's currently living (as they do for all president-elects) but that pile in Istanbul is just another building.

I do agree with the rest of your premise - Trump will somehow make money and send the bills to us: he has a long history of not doing anything that doesn't profit him or his kids in the end.

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Response to Retrograde (Reply #2)

Thu Nov 17, 2016, 02:38 PM

3. Agreed. Secret service doesn't care about overseas. I just segue to that... nt

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Response to Retrograde (Reply #2)

Thu Nov 17, 2016, 02:46 PM

6. Even for retired Presidents I understand the SS

will only provide 24/7 for one residence. Of course they still have to protect the President wherever he/she is. That is why Bush Sr. chose his Kennebunkport, ME home for the full time coverage because he was not always there. He was still guaranteed coverage when he was in Texas or somewhere else.

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Response to Land Shark (Original post)

Thu Nov 17, 2016, 02:45 PM

5. I hope all those working in and around his properties can

find other work quickly. If any of his holdings are threatened won't we be responsible for defending them, this will get dicey.

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Response to rwheeler31 (Reply #5)

Thu Nov 17, 2016, 02:49 PM

7. Who would feel safe working there? Not me. Nt

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Response to Land Shark (Original post)

Thu Nov 17, 2016, 03:37 PM

8. He already is with the Trump Planes

Though his planes can't be AF1, his family members can use the Trump planes, and Trump can request Secret Service protection for them, which is his right to do. But every time the Secret Service is on the plane, they pay "airfare", I think we as taxpayers paid over 6 million dollars during the campaign. That goes directly into Trump's pocket.

This article is from September, so the cost went up since the article.

http://www.politico.com/story/2016/09/donald-trump-secret-service-campaign-travel-payments-228553

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