Trump needs 'a lot of cash quickly' before his assets are seized: NYT business analyst

[Nevilledog]

Link to tweet

Tweet text:
Tea Pain
@TeaPainUSA
This is the last guy you want still havin' access to the daily security briefin'.

Trump needs 'a lot of cash quickly' before his assets are seized: NYT business analyst
Appearing on MSNBC, New York Times financial investigative reporter Dean Enrich claimed Donald Trump is under the gun to come up with money quickly with some massive loans coming due soon and banks...
rawstory.com
11:41 AM · Jan 24, 2021

https://www.rawstory.com/trump-money-problems/

[soothsayer]

1. Too bad, so sad

[Bleacher Creature]

2. I really don't care, do you?

[Nevilledog]

3. I care how he's planning to get that money.

[Bleacher Creature]

16. Of course. Agree completely, but I couldn't pass up a Melania joke.

[Nevilledog]

17. Gotcha!

[we can do it]

5. It is what it is.

[Ptah]

4. Link here:

[cayugafalls]

6. If Trump thought he was being wiretapped before the election that put him in the WH,

I got news for him, don't make any perfect calls Don...we the people are listening.

Just saying...

[Iliyah]

7. Russia and certain countries in the Middle East may have to . ..

$$$ for shithole. From the millions to got from his cult, and he and his family pocket a great majority of it, ya think he would have set aside some cha ching.

[Mike 03]

8. Needed: Forensic Accountants

It's time to watch Trump, his offspring and his inner circle like a hawk.

We have no idea what financial mechanisms he may have employed to park money that doesn't belong to him in offshore or questionable accounts. He could even have collaborated with government contractors to overpay for products and have the overpayment hidden somewhere.

He also raised somewhere over 270 million during the Fake Election Challenge and, according to one report, spent barely a fraction of that money on attorneys.

He also did favors for very rich people. He pulled our troops out of Syria after a fifteen minute call with Erdogan. He pushed through a last minute weapons sale to the UAE (Jared is also close with the UAE). Why? For a favor down the road?

[Irish_Dem]

9. That is why he needs to pretend to start a third party. To fund raise and pocket the cash.

He is too lazy and incompetent to get anything off the ground.

[CaptainTruth]

10. +1

[smirkymonkey]

18. It would be illegal for him to use any campaign funds to pay off his debt.

And he is no longer protected from prosecution by the office of the presidency, although I know that won't stop him from trying.

[Irish_Dem]

19. He will just hire some greedy sap to take the fall for him.

Like he did with the campaign funds.

Trump is a mob boss. His flying monkeys do his bidding and take the fall.

[BumRushDaShow]

23. Create a PAC

which seems to be the way du jour to pocket all sorts of leftover cash post-election.

Trump's Save America PAC is raking in donations — what can that money be spent on?

December 5, 2020 / 4:02 PM / CBS News


(snip)

How can Trump spend his leadership PAC funds?

Fischer said Save America funds can be used for the president's post-White House political operation "to keep former campaign staff on the payroll, to fund Trump's travel and expenses when he is campaigning for other candidates, and to help finance rallies and events (as long as the rallies and events are pitched as supporting other candidates or political issues rather than as Trump 2024 events)."

He noted that it's "not entirely uncommon for politicians who are out of office, but eyeing another run for office, to use leadership PACs to sustain a political operation between elections."

Campaign finance watchdogs have referred to leadership PACs as "slush funds" for candidates over the years because although they were intended to enable politicians to spend the funds on other candidates' races, the money is often used for more personal expenses that cannot be paid for by campaign funds. This is because, as Fischer notes, the Federal Election Commission "hasn't interpreted the personal use ban to apply to leadership PAC funds."

What this means is that "although Trump cannot use campaign funds to pay himself or his family members excessive salaries, or to buy enough copies of Don Jr.'s book to land it on the bestseller list, he might try to use leadership PAC funds for such purposes," Fischer said. The Campaign Legal Center has also pointed out instances where politicians have drawn from their leadership PACs to pay for trips to Disney World, golf excursions, Broadway tickets and luxury hotel stays.

https://www.cbsnews.com/news/trumps-save-america-pac-is-raking-in-donations-what-can-that-money-be-spent-on/

[roamer65]

11. The grift continues.

Haven’t you Trumpistas figured it out yet?

YOU ARE SUCKERS.

[struggle4progress]

12. "Donate to my 2024 campaign! 25% of all monies available after payment of existing debts

will be used to Make America Again!"

[LessAspin]

13. Bannon's Banker?

Ostensibly pardoning Bannon may have been a 2fer for Trump .. not to mention the money he got up front for the pardons.

Link to tweet

Link to tweet

[sarcasmo]

14. Trump calling MBS and Vlad, HELP!!!!!!!

[Jarqui]

15. Trump probably made a $100+ million selling those pardons - for example

I appreciate this NYT guy is knowledgeable, etc

But a crook was put into a position of oversight for all the US assets.
It is incredibly naïve to assume that Trump didn't take advantage of that and raid the US Treasury for example to line his pockets or that of his companies.
That's probably where Jared & Ivanka spent the majority of their efforts

[JI7]

20. I love this more than the thought of him going to prison

I want his business (scam) totally shut down.

[Rice4VP]

21. What did he do with the $250M that he got to stop the steal?

[Brother Mythos]

22. Maybe Trump should read that famous book on dealmaking. I believe it's title is ...

Trump: The Art of the Deal. I suspect he can easily lay his tiny hands on a copy.