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Johnny2X2X

(23,930 posts)

33. Trump Will never go broke

Thu Jul 1, 2021, 08:04 AM

Jul 2021

People waiting for that don’t get it. He owns a lot of real estate. Selling a couple buildings in Manhattan alone and he’s out of debt. His whole business is about managing his debts and not paying them. These loans are nothing to him. While I don’t think he’s as rich as he says, the assets he owns are indeed worth a lot.

And there are business deals he had in the works trading favors as US President to people too that will start to pay out for him. He monetized the presidency. We’ll never even know all the ways he sold the US out to line his own pockets.

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Here's something to ponder - the trump organization has LOTS of outstanding loans with various..... [View all] George II Jun 2021 OP

Nobody's calling in any loans over this small potatoes indictment greenjar_01 Jun 2021 #1

It's not just tomorrow, its: George II Jun 2021 #3

Tend to agree. Plus, the banks know calling the loans will likely cost Hoyt Jun 2021 #4

I think an indictment over "perks" sounds ridiculous Skittles Jun 2021 #7

Makes me think they need Weasel-burg to prove more Laura PourMeADrink Jun 2021 #8

I....hope Skittles Jun 2021 #10

"Perks",,, Dan Jul 2021 #15

yeah but......it doesn't have the bite of LAUNDERING MONEY FOR RUSSIA Skittles Jul 2021 #17

The CFO is an old man Dan Jul 2021 #18

Trump would throw Ivanka under the bus Skittles Jul 2021 #24

Money laundering may be Euro legal issue SmartVoter22 Jul 2021 #26

I hope this is just the first move with much deeper ones to come. Kablooie Jul 2021 #20

yeah, the chess moves Skittles Jul 2021 #23

It's tax evasion, same thing that brought Capone down Maeve Jul 2021 #29

One step at a time malaise Jul 2021 #41

I see now he is trying to make a hero out of Ashli Babbit Skittles Jul 2021 #42

He's a fool malaise Jul 2021 #43

imagine if Ashli was black Skittles Jul 2021 #45

He would celebrate the police for killing black Ashli malaise Jul 2021 #46

absolutely correct Skittles Jul 2021 #47

This message was self-deleted by its author malaise Jul 2021 #44

Deutsche Bank has already given notice that they will not renew TFG organization loans LetMyPeopleVote Jul 2021 #36

Still think it's small potatoes? mcar Jul 2021 #40

That is a very happy thought RainCaster Jun 2021 #2

Banks want their loans to get paid back. More than anything else. Calista241 Jun 2021 #5

Could This Indictment Be The Tr**p Organization's Exit Plan..... global1 Jun 2021 #11

RICO Dan Jul 2021 #16

They also know the first one to call in is the most likely to get paid. Kablooie Jul 2021 #21

None of the banks (or whoever) that Trump owes money want to precipitate a bankruptcy. RockRaven Jun 2021 #6

This Is Where The Ponzi Scheme Kicks In....nt global1 Jun 2021 #12

yeah, they're his partners in crime. ZonkerHarris Jul 2021 #22

It could happen... If loans fully secured. Thought at Laura PourMeADrink Jun 2021 #9

Seems To Me The Banks That Are At The Top Of The List To Call In Loans..... global1 Jun 2021 #13

Depends on whether or not it's in loan agreement that you can call a Laura PourMeADrink Jul 2021 #25

If it results in T---- experiencing something worse than the prison sentence he so rightfully ffr Jul 2021 #14

What happened with all those property valuations Trump was phonying up to defraud banks sop Jul 2021 #19

Waiting for Weasel to flip? Total guess - Michael Cohen Laura PourMeADrink Jul 2021 #27

maybe we little people onethatcares Jul 2021 #28

Banks, shmanks. How much does Donny owe Putin? tanyev Jul 2021 #30

Yes! And if it's really true that they co-signed on some of Trump's debt Laura PourMeADrink Jul 2021 #31

Right! Trump is not worried about getting the money, in my opinion. kentuck Jul 2021 #32

Trump Will never go broke Johnny2X2X Jul 2021 #33

He personally won't go broke, but he will lose many of his properties. George II Jul 2021 #34

Here is my prospective as a corporate lawyer LetMyPeopleVote Jul 2021 #35

In a nutshell, that's what I was thinking. If they violate the law, owners of their mortgages.... George II Jul 2021 #37

Trump Organization Charges Magnify Risks of Debt Refinancing LetMyPeopleVote Jul 2021 #38

Kurt Eichenwald has some good observations about the effect of this indictment on the trump org LetMyPeopleVote Jul 2021 #39