Valdermort said to "need a lot of cash quickly" to avoid asset seizures

[SheltieLover]

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

Note: orig story @ NYT for those with a subscription.

Tom Boggioni
January 24, 2021

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 starting to look at seizing his assets.

Enrich, who wrote "Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction," said the ex-president is facing a slew of banks that won't have anything to do with him and that previous lenders have already announced they are cutting him off from new credit.

More at link or NYT. I sure hope intel is watching this pos closely!

[Thekaspervote]

1. The grim reaper cometh for you dotard!

[SheltieLover]

2. Oh, sweet schadenfreude!

He will prob just file bankruptcy again. And get away with it.

[secondwind]

6. I don't know how he can do this if he has all this real estate...

[yardwork]

3. Good.

[rickyhall]

4. Leave him a car to sleep in.

I've been there, so should he.

[flibbitygiblets]

20. Yeah the slacker just needs to pull himself up by his jackbootstraps

Hoping things are better for you now Ricky

[rickyhall]

23. Much better knowing Trump can't blow up the country.

[Orrex]

35. With the windows rolled up in a parking lot on a hot summer day

[secondwind]

5. He can sell his real estate..... even doing that he may not get much,

since they are very mortgaged.......

[KentuckyWoman]

7. There's no way the Donald's assets get seized. That is fantasy.

He's been through this 6 times. He's more slippery than an eel.

The banks will get left holding the flaming bag of dog turds like they always do. Those idiots loaned him the money knowing his financial history. They may cut off his line to new credit, but they will never collect. He didn't intend to pay when he borrowed it. Furthermore, some idiot will step in and give him new credit at some other bank. And if that fails, the Trumps will reconfigure the company so they can keep up the grift. It isn't that hard to do and happens all day long.

Trump Incorporation Tax ID 123456789 is not equal to
Trump Corp Tax ID 987654321

And he probably has 100's of these.

Trust me, he's well protected.

[SleeplessinSoCal]

13. Frustratingly, I agree.

And he knows all the corrupt heads of state to team up with. Talk about globalism.

[HUAJIAO]

14. And of course now there is the PATRIOT PARTY..., just... duh !!!!

[Fiendish Thingy]

28. Those bankruptcies were corporate, not personal. His current debts are largely personal

He has personally guaranteed at least $400m in debt coming due this year and next. If his assets aren’t seized as collateral, they would likely be sold through bankruptcy court to pay creditors.

[intrepidity]

32. This is the significant difference

it remains to be seen whether in reality it will make a difference when the time comes

[Demovictory9]

36. you are probably right.

[keithbvadu2]

8. Putin won't take kindly to bankruptcy.

Putin won't take kindly to bankruptcy.

Probably not his Arab friends either.

[dmr]

9. Has Biden decided to cut Donald off from classified Intel Reports?

Many people (myself included) think Donald would sell our secrets to our enemies.

He cannot be trusted during normal times. When he becomes desperate, Heaven knows what he would do.

We also have to closely watch Jared Kushner. I don't doubt he's already stolen, and tucked away secrets.

It saddens me to say this, but there is no trust in these people.

Their life of luxury is far more important ...

[marble falls]

10. He's ducked it about as long as he could. The crash will be satisfying.

[LiberalArkie]

11. The PPE and drugs he stole from the hospitals should help some

[AnotherMother4Peace]

12. All the more reason to cut off his access to classified info. nt

[amywalk]

15. He'll probably sell some of the expensive pieces of art he stole from the

White House and the embassy in London. He’s just such a piece of garbage.

[Warpy]

16. I think we're all watching closely

About the only cash infusion he can manage is from mobsters, here and abroad.

Personally, I think we're more likely to see a fire sale of his less lucrative properties across the planet.

His heirs will be lucky to have his twin white elephants in MaraLardo and NYC to inherit.

[Bernardo de La Paz]

17. "Soon" might be within 2 years, I read somewhere. Not 2-3 months as we might hope. . . nt

[NoRoadUntravelled]

18. Can't help but wonder if there's more classified intel for him to sell. nt

[paleotn]

21. Probably not.

He's cutoff from briefings. He never paid much attention to them anyways. Any direct intel from his was probably so garbled and filled with hyperbole that it might have been useless. His function was probably to open doors for other intelligence gatherers and god only knows what got out.

[NoRoadUntravelled]

22. That makes sense.

He's done all the damage he could do as far as intel then.

[paleotn]

19. It's a stretch, but maybe not too much of a stretch...

to say he could end up a like Randall and Mortimer Duke.

https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcS-iJEaFPKWx5ZbRpJkfSO-JB1Cof63OuLQPg&usqp=CAU

[Demobrat]

24. He has 72 million suckers to squeeze.

He’ll find a way to get in their pockets, and it won’t even be that hard.

[Luz]

27. Lol. Wonder how many of them would open their home to

a broke trump???

[SayItLoud]

25. Get ready for the "patriot Party" scam & fundraising. NT

[marie999]

30. There already is a Patriot Party.

He needs to come up with another name like Trump Party.

[Pepsidog]

26. Looks like USA state secrets fire sale coming soon. I hope the FBI are watching and listening.

[Submariner]

29. Take his jet make him fly commercial

so we can all take cheap shots at him making fun of the sore loser during boarding.

[OhNo-Really]

31. Have done compassion for others.

The criminals have private jets for quid pro quo

[kentuck]

33. Please donate to his new political Party, the Patriot Party..

...so he can use your money to pay off his debts. What a grifter!

[Orrex]

34. It must be tough, being so damn successful all the time

So much pressure on the genius businessman!

[Lock him up.]

37. What about this?

David Fahrenthold
@Fahrenthold
·
Oct 16, 2020
NEW: The @statedept says it has 450 pages of records showing government payments to
@realdonaldtrump's businesses.

But it's only going to release 2 pages before the election.
https://www.washingtonpost.com/politics/state-department-signals-it-will-keep-most-details-of-its-spending-at-trumps-properties-hidden-until-after-election/2020/10/16/83372f30-0f21-11eb-8074-0e943a91bf08_story.html

Link to tweet

How much taxpayers' money was stolen???

Seriously? Who's going to probe that now???

Pompous-o shredded all docs or not??

[IronLionZion]

38. Putin might send his goons to Mar-A-Lago

to break some kneecaps, seize some assets.

[BobTheSubgenius]

39. First, I'm sure someone has this situation on their radar, vis a vis financial crimes...

...and or playing footsie with hostile foreign govts or their cut outs.

But the point I was going to make was that, typically, a cash infusion is only a temporary respite. Unless it is enough to seriously reduce the principal amount, it will only buy some time. Next time the creditor comes knocking, that sold asset, or source of funding, is gone and you're going to be facing the same demands, and in a worse position.

And who is going to advance enough cash, or underwrite enough debt, to make a real and significant improvement in his overall situation?

With any luck, it's another popcorn episode. Gather round, peeps!

[EndlessWire]

40. Hah!

I think he's got more money than anyone realizes. I think he took it from us as he wheeled and dealed in the world. It's fun to think about, but he's not sleeping in his car. And Melania and Barron are definitely not sleeping in his car.

They will view him like the ex-pRes he is, and they will eye his taxpayer pension, and they will extend him more credit, especially for his media empire that will be the next thing on his mind after his impeachment trial.

He's living at Mar a Lago, and because he is an ex-pRes, he'll get to break those rules. He'll pay whatever back taxes are owed, or he will tie up the case in court for years.

This guy is a slippery weasel who will use a second run at the pResidency to claim immunity from prosecution as a candidate. He has already filed the required paperwork.

We have to be successful at convicting him, or he's going to return like a bowl of sour vomit. This is very important.