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Given. Trump is collecting donations to potentially cover his legal fees. Do you actually think he has money?

I mean seriously though? He only ever declares bankruptcy to avoid financial responsibility. Ahole
Nanoose · 61-69, M Best Comment
Yeah he has suitcases stuffed with cash – but they are Russian Rubles for when he flees the US. Cheers and happy weekend!
whowasthatmaskedman · 70-79, M
@Nanoose He would be a fool not to have a jump bag ready close at hand. On the other hand, he is a fool..😷

Lilliesandlight · 41-45, F
The jackass should sell his properties to cover all the fees. But he knows that he has enough brainwashed idiotic sheep who are more than willing to fork over their money to cover his ass.
@Lilliesandlight Sad but true.
Lilliesandlight · 41-45, F
@SevIsPamprinYouAlways love that movie.. This actor is so talented 😻
I think he's so highly leveraged that he'll take large losses raising that $450 million or whatever.

This past November, commercial real estate (office bldgs) dropped 26%. Trump owns some commercial properties. Also some office bldgs are starting to convert to residential apartments. This is all due to post-Covid work from home shifts.

In short, Trump will be selling into a glut. And Trump is highly leveraged; he always is. So if Trump owns 20% of 20 buildings and has borrowed the other 80% from banks, and if Trump keeps leveraging up as values increase, what happens to him when there's a sudden drop in valuations?

If it's a 1 year recession, he can just ride it out. But if he's highly leveraged during a 26% drop, many of his properties may be underwater, meaning he can't sell the property for enough to repay the bank loan. And this kind of leverage and timing, boys and girls, is what can lead a rich man straight to bankruptcy.
SevIsPamprinYouAlways · 56-60, F
whowasthatmaskedman · 70-79, M
@ElwoodBlues I agree with everything you said, but suspect it may be worse than this. The retired judge Monitoring Trumps businesses has located a list of concealed Creditors, names and amounts unspecified, which is like a "secret partner" arrangement. So far who and how much money is involved and the terms are all confidential. But knowing Trump its not a stretch to consider Putins friendly banks might not be holding considerable equity in Trump tower itself..Leaving Trump with no skin left in the game if a sale is forced..😷
whowasthatmaskedman · 70-79, M
Trump has long had a policy of burning through other peoples money to fund his lifestyle.. Did you ever see the Mel Brooks movie. "The Producers"?
😷

 
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