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Sun Mar 3, 2019, 11:27 PM

"Cash is not flowing into the The Trump Org's coffers as it did before Trump ran for president."

Donald Trump Has a Cash Problem

The failure of his sons’ new hotel chains hints at financial issues.

RUSS CHOMA FEBRUARY 19, 2019 6:00 AM



Fresh evidence of the Trump Organization’s financial conundrum came last week with news that in the midst of his 2016 presidential campaign, Trump sought out Deutsche Bank for a loan. Trump poured tens of millions of dollars of his own money into his campaign, but at the same time he secretly approached one of the last lenders in the world willing to deal with him, asking for cash to help refurbish his Scottish golf courses. (The Trump Organization has denied it needed a loan to run the course.) He didn’t get the loan, and the courses have continued to bleed money.

According to the New York Times, Deutsche Bank’s CEO in Germany put his foot down about lending any more money to Trump. Trump’s annual personal financial disclosures show that ongoing hotel and golf resort management fees have been steady income for him, but the fireworks on his balance sheets have always been from new hotel deals and the sale of high-end condos or real estate near his golf courses. The last big condo sale was in 2017, when, shortly after the inauguration, Trump sold a $16 million condo to a Chinese American businesswoman with apparent links to Chinese military intelligence. Since then, only a string of smaller properties have sold. Some of his most lavish pieces of real estate have lingered unsold. Cash is not flowing into the company’s coffers as it did before Trump ran for president.

It’s not known if Trump will attempt to self-finance his reelection—self-financing was a key plank of his 2016 campaign—but with a brutally expensive 2020 race looming and with no major real estate sales, no new Deutsche Bank cash, no new big franchise fees from overseas hotels, and now no new smaller franchise fees for downmarket chains, Trump may be beginning to worry about his finances more. As he groused to the New York Times last week, “I lost massive amounts of money doing this job. This is not the money. This is one of the great losers of all time.”

https://www.motherjones.com/politics/2019/02/donald-trump-has-a-cash-problem/




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Arrow 29 replies Author Time Post
Reply "Cash is not flowing into the The Trump Org's coffers as it did before Trump ran for president." (Original post)
Miles Archer Mar 3 OP
Scurrilous Mar 3 #1
Hoyt Mar 3 #2
RockRaven Mar 3 #3
irresistable Mar 3 #4
sandensea Mar 4 #5
3Hotdogs Mar 4 #17
gratuitous Mar 4 #6
Hermit-The-Prog Mar 4 #11
OMGWTF Mar 4 #16
catbyte Mar 4 #7
FormerOstrich Mar 4 #8
UpInArms Mar 4 #18
FormerOstrich Mar 4 #27
zentrum Mar 4 #9
Beartracks Mar 4 #10
Marie Marie Mar 4 #12
dixiegrrrrl Mar 4 #19
Thekaspervote Mar 4 #13
Hermit-The-Prog Mar 4 #20
SHRED Mar 4 #14
PatrickforO Mar 4 #15
JohnnyRingo Mar 4 #21
AwakeAtLast Mar 4 #22
napi21 Mar 4 #23
moonscape Mar 4 #24
Stinky The Clown Mar 4 #25
Hulk Mar 4 #26
DFW Mar 4 #28
Gothmog Mar 4 #29

Response to Miles Archer (Original post)

Sun Mar 3, 2019, 11:38 PM

1. Alas...

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Response to Miles Archer (Original post)

Sun Mar 3, 2019, 11:39 PM

2. If not impeached or behind bars, financial ruin for him and family is OK.

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Response to Miles Archer (Original post)

Sun Mar 3, 2019, 11:43 PM

3. Did the NYT reporter have the guts to respond with "If you're losing so much money, WHY NOT RESIGN?"

of course they did not. For all the good journalism that *some* NYTers do, they've also got some of the worst, access-journalism, useful idiots in the business.

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Response to Miles Archer (Original post)

Sun Mar 3, 2019, 11:43 PM

4. it's just so sad

 

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 12:03 AM

5. I take it Putin and the Saudis are tired of throwing good money after bad.

Hell, anyone who's ever dealt with the Orange Oaf could've told them that.

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Response to sandensea (Reply #5)

Mon Mar 4, 2019, 01:40 AM

17. What ever Putin and Saudis gave Trump, it was a bargain.

We can only imagine what they got in return.

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 12:08 AM

6. "I lost massive amounts of money doing this job"

You knew what the job entailed when you applied, didn't you schmendrick?

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Response to gratuitous (Reply #6)

Mon Mar 4, 2019, 12:25 AM

11. he's lying again

The only reason he could fly that damned jet again, during the campaign, is because of the donations flowing in from the Republican party.

And before that ...
https://www.motherjones.com/politics/2016/10/how-donald-trump-destroyed-his-empire-and-dumped-ruins-others-timeline/

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Response to Hermit-The-Prog (Reply #11)

Mon Mar 4, 2019, 01:38 AM

16. "See that beggar over there, he's $900 million richer than me." -- DJT

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 12:09 AM

7. "This is one of the great losers of all time."

Here, let me fix that sentence for you: "I am one of the greatest losers of all time." There. That's better.

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 12:14 AM

8. I don't believe it

it may appear this way but I don't believe he isn't accumulating more wealth at our expense.

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Response to FormerOstrich (Reply #8)

Mon Mar 4, 2019, 01:45 AM

18. Same thoughts here

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Response to UpInArms (Reply #18)

Mon Mar 4, 2019, 04:26 AM

27. Long time....

hello back!

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 12:15 AM

9. China and Russia may still help

...him because they know that his Presidency weakens America so much and destroys whatever vestiges od Democracy we still have. May be still worth their while to get him re-elected.

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 12:18 AM

10. Republicans: He ran for Prez for hoped-for fortune and glory, not for you. And...

... certainly not for America.

================

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 12:38 AM

12. I find it hard to believe that Trump spent 1 penny of his own money

on his campaign.

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Response to Marie Marie (Reply #12)

Mon Mar 4, 2019, 01:46 AM

19. You are so correct.


Many people who know him or have interviewed him say the same thing. One of his firmest rules has been to NEVER spend his own money on projects.
In fact, the picture is becoming more clear that he lies constantly about how rich he is, and he is attracted to Putin, and other rich despots, because he wants to have them accept him as being as rich and powerful.
but he isn't and never has been.

Protecting his "brand" has been his constant motivation, which is why all the NDAs and all the lawsuits against anyone who even looks as if they are gonna tell the truth about him.

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 12:40 AM

13. He's a one man ponsie scheme... finance his own campaign? BS! ...he's got no real money

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Response to Thekaspervote (Reply #13)

Mon Mar 4, 2019, 01:50 AM

20. The Lie of Trump's 'Self-Funding' Campaign

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 12:57 AM

14. There's always mother Russia

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 01:14 AM

15. Well, good. That's good.

Because his horrible, odious policies have ruined a bunch of working peoples' lives. In fact, Trump has a long history of stiffing people who worked for him, and his kids are just as bad.

I mean, I'm still tripping on Ivanka's lemonade 'stand' when she was a little girl. In her book, she tells us all about it. She says that she and her brother wanted to set up a lemonade stand, but they were 'disadvantaged' because they didn't live in a neighborhood. So, she set up the stand in whatever gold-plated place they were living in and started extorting money from the servants. Oh, she's a little girl - and certainly no adult in the family would explain the problem with asking the maids to 'dig deep' for change to buy her lemonade.

Somebody should have taken her aside then and told her the facts of life, that you don't ask your father's employees for money for anything because it is unethical - they feel they HAVE to give because they are afraid they'll get fired.

Yes, I will be happy if a) Trump is impeached, tried by the Senate and removed from office, b) faces criminal trial, c) is convicted, d) has to spend the rest of his life in prison on a RICO conviction, and e) pay a fine so massive that it strips the family of their fortune.

That would be a just retribution for what he has done to this country, millions of its citizens, those poor immigrant families that had children ripped from their mothers, the environment, farmers, working people - you name it, he's hurt them.

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 01:52 AM

21. He's probably already cleaned out Fort Knox.

The kind of thing they make 007 movies about. It's likely stacked up in The Kremlin where he and Vlad will divvy it up when this all falls apart. Watch for a one way trip to a 2019 Summit in Russia with all family members. The amusing twist as the credits roll is the look on Manafort's face as he watches his pardon fly to exile.

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 01:58 AM

22. Womp Womp!

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 02:05 AM

23. AFAIK he didn't use his own money in the 2016 election, and he won't use it this time either.

MONEY is the most important thing to Trump, and always getting more of it for himself. He certainly won't risk his own wealth just to stay in a job that's given him nightmares for the entire time he's been in it.

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 02:13 AM

24. Even more than prison, I wish to see

his 3 kids forced to share a studio in a 6th floor walk-up, with their spouses and kids all huddled together as their only alternative to the streets.

Although I would feel for their kids, they would likely grow to be more balanced adults than their privileged parents.



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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 02:16 AM

25. Hey Don . . . . . . QUIT. You know you wanna.

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 02:27 AM

26. It might not be flowing now, but just wait.

If he runs, it will be there. Besides, he gets all the free media coverage he can handle....just like in 2016. Forty-six per cent approval rating. This is insane. Our country is going down the toilet.

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 05:17 AM

28. Oh, gimme a break

When have Republicans ever NOT found the money?

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Response to Miles Archer (Original post)

Mon Mar 4, 2019, 07:46 PM

29. Boo Hoo

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