The Trump Organization Appears To Be On Verge Of Complete Financial Collapse
The Trump Organization, like so many American businesses these days, is experiencing a tremendous downturn in revenues, and because the president’s family company is heavily leveraged and owes millions in payments for loans it has taken out, could be on the verge of total financial collapse and the seizure of its assets, according to the New York Times:
“Representatives of Mr. Trump’s company have recently spoken with Deutsche Bank, the president’s largest creditor, about the possibility of postponing payments on at least some of its loans from the bank.
“And in Florida, the Trump Organization sought guidance last week from Palm Beach County about whether it expected the company to continue making monthly payments on county land that it leases for a 27-hole golf club.”
Many of the Trump properties are hemorrhaging money, estimated to be several millions of dollars a day, even though the company has left some hotels and clubs open, despite the call by medical experts to close all such gathering places to slow the spread of COVID-19 across the country.
Creditors are somewhat reluctant to make a big deal out of the payments they’re owed, but can only let the matter go on for so long before taking further action, which could include foreclosure and seizure of assets, the Times notes:
“Because of his history of defaults and bankruptcies, Deutsche Bank insisted that Mr. Trump provide personal guarantees on those loans, meaning that the bank has recourse to his personal assets if he were to stop paying back the money.
“Deutsche Bank executives have been fretting about what would happen if he were to default, according to bank officials. Seizing the president’s personal assets would be an unattractive proposition. But opting not to collect on the loans would be the equivalent of an enormous financial gift to Mr. Trump.”
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like firing the person who was to oversee the latest bailout for businesses from Congress?
Oh, who would ever do something like that? 
... but his cult of dummies forgot it already.
Or they must think auditing them takes forever... 
I wouldn't put it past that bunch just so they could soak his deplorables for a few more million.....
fired the one person that was to oversee how the money was spent! 
whose kidneys aren't doing so hot. Wonder what a decent artery, toe or skin is going for? I have great elasticity, super soft and silky.
With the business in Junior and Eric's capable hands. 
Or assistance? One may only hope! 
love that OPM (other people's money.)
imagine if he lost the election & also lost all of his money & properties at the same time! Hopefully the state of NY would then prosecute him for all of his past illegal behavior!!
And in the midst of this happening all those "friends" of his put him on ignore.
His sycophants and enablers running far, far away from him, trying to save face, their empty careers and their own pending lawsuits.
Karma.
He should leave in a humiliating defeat with no properties & no money, just in time for the feds to put him & his crooked family in orange jumpsuits!!! He deserves every bit of pain & misery that the law allows!
