Posted on 01/12/2021 11:16:54 AM PST by MalPearce
(Vanity question)
What exactly is the truth about POTUS' finances?
Deutsche Bank has fired Trump's account manager and is walking away from him. Politically motivated, obviously. As are the social media companies.
There is a minor problem with that conclusion.
It is this: if Donald Trump had remained completely politically inactive, and given Deutsche is in such massive trouble it still would've come a-knocking.
POTUS has had about $300m of debt forgiven or written off since 2010, and still owes more than that to Deutsche Bank.
Some very big financial gurus are now ing, in hindsight Trump was rolling back Dodd-Frank in 2016 so that he might get a route back in with American banks that weren't allowed to keep throwing money at him... and the only thing saving the Trump business empire from a complete, fatal collapse the last four years has been his status as POTUS - nobody wanted to bankrupt the entire family of the leader of the free world while he was still in the White House.
I'll keep treating this as fake news because some of what I am hearing from the world of European finance is beyond insane. But if there's even a grain of truth there, Trump isn't only under attack from the Left and the Deep State.
He's also under attack from his creditors.
We know banks will lend to all kinds of gangsters and despots, as long as the paper trail can be pretty-fied and they can clear their debts one way or another.
But they won't give Trump a dime.
The rumour mill says that his Scottish golf clubs, properties in America, and other assets held by the Trump estate, are only days away from being sized by the President's OVERSEAS CREDITORS.
Apparently Trump himself might have given personal guarantees to Deutsche Bank that he'd pay his debt off, and he hasn't come close to paying off even a fraction of it, and that opens him up to a siezure of assets that were bought with the loans from Deutsche Bank. Until he pays his debts, the property is effectively just a mortgage in Trump's name and DB owns the mortgage.
There isn't a bank in America that would've lend Trump a dollar under the Obama regulations - hence his reliance on foreign banks - but even with more relaxed regulations in place today, the COVID economic hit means American lenders can't take the risk of bailing him out.
I find this vastly more plausible than the idea Clinton and Co were so butt-hurt by Trump winning in 2016 that they silently rigged the entire election to give him a bloody nose.
Perhaps the November tampering was related to finance.
Where is Deutsche Bank? Frankfurt. Why else is Frankfurt in our minds?
Why you post nonsensical gossip?
This has been through the gibberish translator
There are plenty of megawealthy financiers among Trumps friends and associates who will have no trouble severing their ties to DB
Lets see a couple ten billions move out
DB is a money laundering global piggy bank
He will never be broke. Can go give speeches now and make millions like the other presidents.
English please
Trump has 2 options:
1) Walk away from the Presidency, be attacked day and night by the leftist commie Jackels and have him and his family financially destroyed and or imprisioned.
2) Invoke EO 13848, destroy the traitors, and start taking control oveer the companies and the infrastructure that colluded to commit treason that the financial institution hold.
I’m still hoping for Option 2.
better yet- he can get involved with social media outlets to compete with the FB’s, twitters, etc and make billions for himself besides giving conservatives and his supporters an outlet. Talk about killing two birds with one stone.
He mentioned something about opening his own media or social media thing. Put them all out of business. He could be bigger than bloomberg. And oprah.
No, he’s just English.
what?
his net worth according to the commies at Forbes is around 3 billion dollars...if he did owe 300 million that is only 1/10th of total asset value putting it more simply for you...if I just got paid 300 dollars and I owe my neighbor 30 bucks he let me borrow for gas...I still have 270 dollars.
Nothing can physically be bigger than Oprah
I am too. It’s not 01/20/21 yet. No one knows what will or won’t happen, but we don’t have long to wait regardless.
Not sure what that $3 billion value is comprised of but I do know Trump attributes significant value to his name as part of his net worth. Obviously, an intangible asset. I don’t disagree there is a value to that, but that asset is not liquid. Furthermore, real estate investor tyles typically don’t keep much cash in the till.
But if he owes $300 million can he come up with it without a) borrowing or b) liquidating something? Borrowing may be difficult so his enemies are hoping for b, and the sight of Trump selling a building or golf course.
Yep, my bad. Blame it on my poor old wooden teeth.
But the point still stands: the Trump empire was in serious financial difficulty years before he even ran for the Presidency and that empire owes more now than it did five years ago.
POTUS had to distance himself from the business during his time in office, so he put his trust in his family - but then many of them were also involved in working in the White House.
So who was looking after the businesses?
The impact of COVID on the global hospitality and tourism industry - and business travel - has already destroyed dozens of large hotel chains that were in debt before it all kicked off. Nobody can blame POTUS or his family if some of his hotels are going broke.
But if Trump’s extremely deep pocketed mates were ever inclined to bail him out they would’ve done it years ago. Before the pandemic ruined the hotel industry. And if they won’t pony up, why would a commercial bank?
Take American politics out of the equation for five minutes and ask yourself, if you were a European bank on the verge of collapse and you had a book of $0.5bn of unpaid mortgages on prime Real Estate in New York and Washington DC that’s now worth far more than the loan value, what would YOU do?
Trump’s hotels could be sold off at 2015 prices and that would raise enough to clear his debts and rescue Deutsche Bank. That’d be a no-brainer.
If Trump doesn’t sell some assets off to pay off the debt, they’ll foreclose and hold a fire sale.
What possible reason would you have, if you were Deutsche Bank, to forgive Trump his debt and then go bust?
Yeah, where is that server the good guys supposedly got in Frankfurt.
Seems like that should have been brought out by now.
Where the EFF is the Kraken?
Of course he can go to investors he has friendly relationships with in other countries
Eric Trump has been handling the Trump assets.
Having loans is not indicative of poor financial health. People have stated the Trump Organization is everything but in formal receivership. Some of these numbers are available and Donald Trump made his own investments public in government disclosures.
The specific companies holding their own poor financial situations that went bankrupt I believe number “three.” It does not mean the Trump Organization or Donald Trump went bankrupt. There have been hundreds of companies that have, or are, doing fine.
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