Trump Inc. 'Out Of Business'

[RickeyM]

Originally Posted by Rajoo

If one loses his/her business license, the business either shuts down or changes hands. This is very common in the restaurant industry and assume similar rules apply to all other businesses.

Trump can conceivably ask all his tenants to vacate his property and then hold on the buildings as non business entities. The Saudis may wind up owning a piece of Manhattan like they do in London.

Even as non business entities there would still be expenses in maintaining them. If not generating income they will be a drain on funds.

[Rajoo]

Originally Posted by RickeyM

Even as non business entities there would still be expenses in maintaining them. If not generating income they will be a drain on funds.

If Trump is inflating his properties around 7X to borrow money, one should assume that everything he 'owns' is leveraged to the hilt. He has also overstated income from these properties which is another big problem and doubt that the Trump brand has much leverage anymore.

He owns very desirable properties and I was not kidding about Saudis buying them to bail him out. There is something very nefarious about his relationship with the Saudis and this is from way before the Kushner MBS bromance.

[Oerets]

Originally Posted by Rajoo

If Trump is inflating his properties around 7X to borrow money, one should assume that everything he 'owns' is leveraged to the hilt. He has also overstated income from these properties which is another big problem and doubt that the Trump brand has much leverage anymore.

He owns very desirable properties and I was not kidding about Saudis buying them to bail him out. There is something very nefarious about his relationship with the Saudis and this is from way before the Kushner MBS bromance.

But but HRC's emails....Hunters laptop....!!

[Ike Bana]

Originally Posted by Rajoo

If Trump is inflating his properties around 7X to borrow money, one should assume that everything he 'owns' is leveraged to the hilt. He has also overstated income from these properties which is another big problem and doubt that the Trump brand has much leverage anymore.

He owns very desirable properties and I was not kidding about Saudis buying them to bail him out. There is something very nefarious about his relationship with the Saudis and this is from way before the Kushner MBS bromance.

There have been estimates that with all the leverage/debt, and that the actual properties the Trump Organization owns are way, way down (most of the income comes from fees he gets for the use of his name on properties owned by somebody else)...that his net worth could be under $500 million. It's still a lot of money, but it ain't $3 billion.

I have read that he also understated the value of certain of properties to get lower insurance rates...and that those were often the same propertied overstated to the banks.

[Ike Bana]

Consequences...

Trump can now be sued by every bank and insurance company that he defrauded

[Chicks]

Will Reich-Wing media show the footage of the "Trump" logo coming down off the sides of all "his" buildings, Whell?

[RickeyM]

Coming soon:

[Chicks]

GOP Legal Expert John Yoo Tells Fox News Trump Will Lose Fraud Case And He Knows It: He’s ‘Throwing In the Towel’
https://www.mediaite.com/tv/gop-lega...-in-the-towel/

What kind of moron would take Donny’s “political strategy” at face value, Whell? : rolleyes:

“I think that Trump has already decided he’s going to lose on the law. Last week, the judge already made all the key findings against him. So what I think President Trump has done is turn this all into a political strategy,” said Yoo.

[Ike Bana]

So...the deranged orange animal and his dolt younger son have been ragging about Judge Engoron valuing the Mar-A-Lago dump at $18 million. "It's worth a billion dollars" bleats the orange.

Well...it's not the judge who did the appraisal, it's the Offices of Palm Beach County, Property Appraiser. My guess is that when it came time to pay the property tax bill and the insurance bill, they liked the $18 million appraisal just fine.

[Rajoo]

Originally Posted by Ike Bana

So...the deranged orange animal and his dolt younger son have been ragging about Judge Engoron valuing the Mar-A-Lago dump at $18 million. "It's worth a billion dollars" bleats the orange.

Well...it's not the judge who did the appraisal, it's the Offices of Palm Beach County, Property Appraiser. My guess is that when it came time to pay the property tax bill and the insurance bill, they liked the $18 million appraisal just fine.

That is for the consumption of the MAGAts in whose mind Trump is this ultra rich jetsetting real estate magnate. If they lose this image of him, they will stop sending him money to his PAC (attorneys). Haven't asked why an uber rich guy needs their paltry $10 donations.

But in reality Trump has caved, voluntarily withdrawing his lawsuits against Engoron and his ex-attorney Cohen. I believe he realizes that getting them pissed off is not the best strategy, bu its probably too little too late. The last guy to testify told the court it was part of his job to cheat on taxes while working for Trump.