Trump loses 20% of his net worth in a month

[JonathanM]

How badly over leveraged is he?

It's interesting. He's wanting a bond company (or companies) to put up the money. He would need to give them collateral of 120%. He's saying that almost all his money is tied up in real estate and that these companies have a rule that they won't take real estate as collateral. I find that a bit hard to believe. I think the problem, as you suggest, is that they won't take Trump's real estate as collateral, because it isn't worth anything once you take account of the debt.

The wonderful irony is the reason he has been fined all this money is for overvaluing his properties to get bigger loans.

 

[gas112]

Ridiculous fine for a victimless financial deal

 

[IT Minion]

A bulk of the fine comes from two calculations: $168m from how much Trump saved on the interest of several loans, and $126m from the profit he made when he sold the Old Post Office building in Washington.

In his verdict, Engoron said that Trump profited by paying lower interest rates when working with lenders such as Deutsche Bank who, because of the fudged financial statements, believed Trump had a higher net worth.

A fine based on the money he lied to avoid paying.

 

[gas112]

A fine based on the money he lied to avoid paying.

Did the banks complain ?

 

[IT Minion]

The far right: letting crime pay.

 

[Brigadier]

Let's be fair, $550 million is probably even beyond your savings pot.

Shouldn't be, if you reckon you have billions though

 

[Brigadier]

Ridiculous fine for a victimless financial deal

You could always nosh him off, if you think that would help

 

[IT Minion]

Shouldn't be, if you reckon you have billions though

If he was sitting on 2.3 billion in Tesla and SpaceX shares then it'd be a case of selling them off but doing it slowly enough you don't crater the values.

But he's in property, so he'll be leveraged to hell and back. Too much value loss and he's in negative equity.

 

[gas112]

You could always nosh him off, if you think that would help

You certainly have some weird fantasies but whatever floats your boat

 

[Brigadier]

You certainly have some weird fantasies but whatever floats your boat

I wouldn't say fantasy, but the fat orange tw@t collapsing while sh@tting himself - at a MAGA event - would come quite close

 

[Deleted member 221031]

I wouldn't say fantasy, but the fat orange tw@t collapsing while sh@tting himself - at a MAGA event - would come quite close

That’s a vivid image!

I’ll have a look on porn hub

 

[gas112]

I wouldn't say fantasy, but the fat orange tw@t collapsing while sh@tting himself - at a MAGA event - would come quite close

I can see why your thinking that it would get him one up on Biden shyting himself while meeting g the pope

 

[noseall]

"..If forced to sell off his real estate empire in a “fire sale” to come up with the funds, he will face “textbook irreparable injury”, his legal team argued.."

Diddums, poor luv.

Don't suppose heavily mortgaged properties are worth much to sensible investors. I'm píss poor and I've got more readies than Trump, lol.

 

[noseall]

fat orange tw@t

(skint f.o. tw@) Correct.

 

[Brigadier]

his legal team argued.."

On past record, he might as well employ the services of a travelling circus