Ok but he’s worth $10-$12 billion according to himself so none of this should be an issue. Right…..?
One of the best feelings in the world is seeing a bully finally get a taste of his own medicine. While I’m sure someone will bail him out at the 11th hour, the thought that his life of crime and dishonesty will finally catch up with him is a pleasant one.
I’m not getting my hopes up, but if he finally loses big it’ll be overdue and very satisfying.
I bet it’s a lot more. I doubt he owns more than 10% of ‘his’ properties himself.
200m in outstanding loans against the properties, but that’s by far not a full picture of the debt he carries around. I believe The Economist or Business Insider said that he has about 472 million in loans all coming due before the end of the year, and even that isn’t his total debt.
I would actually be very surprised if you even ended up with a positive number once you added together ALL of his assets and liabilities.
Remember that time Ivanka shared a story her dad being 8 billion in debt.
Then of course there’s the tax liability from the sales of the properties to consider…..
Why does debt against the properties affect whether NY will seize them?
Is NY required to pay creditors before satisfying the judgement?
I would have assumed that Trump retained responsibility for the debt even if the properties were seized by the state to pay the jidgement
Turn Trump tower into FAFO Tower already!
Trump is basically at that point in the Monopoly game where you mortgaged all your properties to buy other properties, then mortgaged those too, and then you land on your opponent’s Boardwalk with a hotel.
If their goal is to damage his reputation on top of fulfilling the judgement the quantity would be the way to go. Take the leveraged assets first so it takes more of them to pay off the debt and looks to the general public like he isn’t as wealthy as he claims because of how much they had to take.
He’s a fraud who’s lost control of his empire of hidden schemes.
Dude is one billionaire who’s drowning in debt…lol
A lot of people never thought he’d do any jail time or be truly held accountable for anything.
But if this boy go broke, he goin jail.
Cuz if I know my America, one thing we do better than anyone is lock up poor people. We’ll lock them up for almost anything, but this guy? Raping women, stealing classified docs, trying to overturn elections AND he’s broke??
Oh no no no, the system would kick in so fast lol, fulton county jail with the quickness
The longer this goes, the more people will realize that this idiot is terrible with money. He’s going to declare bankruptcy. Again.
“At least” doing a lot of heavy lifting it seems
I bet that’s only the tip of the iceberg in terms of outstanding loans this man has
I want to see this corrupt fraudster finally get his comeuppance. Trump is a nasty and evil bully.
Brokahontas!
Oh no! Thoughts and prayers! His credit score!
How anyone ever expected him to actually be rich is beyond me. No legit billionaire shills mail order steaks in the Sharper Image magazine. That’s like half a step higher than some Slap Chop shit. Dude has been up to his comb-over in debt for decades.
Donald Trump has lived very well on other people’s money for decades.
lol you owe $481 million. So we’ve seized your assets. You now owe $681 million. Love it.
That is likely reported loans. Can only imagine how indebted he is to Russians and Saudis.
He should probably get a second job and start paying that back. You take out a loan, you pay it back. That’s what I’ve been told.
I’m now starting to understand why he only eats McDonald’s
We’re about to watch this man have his 7th bankruptcy while trying to convince us he’d better for the economy that guy who is currently in office saved.. from him..
If Trump had just stayed in his lane…
How different his life would be right now. Probably still just saying dumb shit on Howard Stern loaded in NY.
Occasionally mentioned in rap songs and going on the View. In his heart of hearts I am sure would switch in a heart beat
For everyone saying he is being overly persecuted, this is what happens when you shine a light on many of the rich. Turns out to be a pile of trash with a lot of roaches running for cover
A couple of things in this article stand out to me. 1) Trump is whining that the judge is depriving him of his right to appeal. False. What Trump is really whining about is that he has to follow the rules for an appeal, just like everyone else. His entitlement is so high he thinks that him having to follow the rules isn’t fair because he is a special little guy. 2) This trial is about him lying on the value of his properties to get loans. Yet we just find out that they will have problems seizing those properties because they are collateral used in loans. So how many of these properties did try to use as collateral when they were already under a loan and he failed to disclose that. We may see more charges come out as the state tries to seize his assets only to find that he has multiple loans on the same property that exceed the value of that property. It would explain why he can’t put them up as collateral for bonds and why he is panicking. Once that comes to light, he may have a whole new trial.
30 comments
Ok but he’s worth $10-$12 billion according to himself so none of this should be an issue. Right…..?
One of the best feelings in the world is seeing a bully finally get a taste of his own medicine. While I’m sure someone will bail him out at the 11th hour, the thought that his life of crime and dishonesty will finally catch up with him is a pleasant one.
I’m not getting my hopes up, but if he finally loses big it’ll be overdue and very satisfying.
I bet it’s a lot more. I doubt he owns more than 10% of ‘his’ properties himself.
200m in outstanding loans against the properties, but that’s by far not a full picture of the debt he carries around. I believe The Economist or Business Insider said that he has about 472 million in loans all coming due before the end of the year, and even that isn’t his total debt.
I would actually be very surprised if you even ended up with a positive number once you added together ALL of his assets and liabilities.
Remember that time Ivanka shared a story her dad being 8 billion in debt.
[https://finance.yahoo.com/video/old-clip-ivanka-trump-recalls-135527692.html](https://finance.yahoo.com/video/old-clip-ivanka-trump-recalls-135527692.html)
Then of course there’s the tax liability from the sales of the properties to consider…..
Why does debt against the properties affect whether NY will seize them?
Is NY required to pay creditors before satisfying the judgement?
I would have assumed that Trump retained responsibility for the debt even if the properties were seized by the state to pay the jidgement
Turn Trump tower into FAFO Tower already!
Trump is basically at that point in the Monopoly game where you mortgaged all your properties to buy other properties, then mortgaged those too, and then you land on your opponent’s Boardwalk with a hotel.
If their goal is to damage his reputation on top of fulfilling the judgement the quantity would be the way to go. Take the leveraged assets first so it takes more of them to pay off the debt and looks to the general public like he isn’t as wealthy as he claims because of how much they had to take.
He’s a fraud who’s lost control of his empire of hidden schemes.
Dude is one billionaire who’s drowning in debt…lol
A lot of people never thought he’d do any jail time or be truly held accountable for anything.
But if this boy go broke, he goin jail.
Cuz if I know my America, one thing we do better than anyone is lock up poor people. We’ll lock them up for almost anything, but this guy? Raping women, stealing classified docs, trying to overturn elections AND he’s broke??
Oh no no no, the system would kick in so fast lol, fulton county jail with the quickness
The longer this goes, the more people will realize that this idiot is terrible with money. He’s going to declare bankruptcy. Again.
“At least” doing a lot of heavy lifting it seems
I bet that’s only the tip of the iceberg in terms of outstanding loans this man has
I want to see this corrupt fraudster finally get his comeuppance. Trump is a nasty and evil bully.
Brokahontas!
Oh no! Thoughts and prayers! His credit score!
How anyone ever expected him to actually be rich is beyond me. No legit billionaire shills mail order steaks in the Sharper Image magazine. That’s like half a step higher than some Slap Chop shit. Dude has been up to his comb-over in debt for decades.
Donald Trump has lived very well on other people’s money for decades.
lol you owe $481 million. So we’ve seized your assets. You now owe $681 million. Love it.
That is likely reported loans. Can only imagine how indebted he is to Russians and Saudis.
He should probably get a second job and start paying that back. You take out a loan, you pay it back. That’s what I’ve been told.
I’m now starting to understand why he only eats McDonald’s
We’re about to watch this man have his 7th bankruptcy while trying to convince us he’d better for the economy that guy who is currently in office saved.. from him..
If Trump had just stayed in his lane…
How different his life would be right now. Probably still just saying dumb shit on Howard Stern loaded in NY.
Occasionally mentioned in rap songs and going on the View. In his heart of hearts I am sure would switch in a heart beat
For everyone saying he is being overly persecuted, this is what happens when you shine a light on many of the rich. Turns out to be a pile of trash with a lot of roaches running for cover
A couple of things in this article stand out to me. 1) Trump is whining that the judge is depriving him of his right to appeal. False. What Trump is really whining about is that he has to follow the rules for an appeal, just like everyone else. His entitlement is so high he thinks that him having to follow the rules isn’t fair because he is a special little guy. 2) This trial is about him lying on the value of his properties to get loans. Yet we just find out that they will have problems seizing those properties because they are collateral used in loans. So how many of these properties did try to use as collateral when they were already under a loan and he failed to disclose that. We may see more charges come out as the state tries to seize his assets only to find that he has multiple loans on the same property that exceed the value of that property. It would explain why he can’t put them up as collateral for bonds and why he is panicking. Once that comes to light, he may have a whole new trial.
This is a housing crisis I can support.