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Thu Jul 1, 2021, 01:43 PM

What I want to know is if the TFG corporation is indicted

will the banks that hold his loans call them in? And will the corporation have to sell properties at a lose?

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Reply What I want to know is if the TFG corporation is indicted (Original post)
scarytomcat Jul 2021 OP
LetMyPeopleVote Jul 2021 #1
dchill Jul 2021 #2
asiliveandbreathe Jul 2021 #3
leftieNanner Jul 2021 #6
dawg day Jul 2021 #4
Bev54 Jul 2021 #5
Ocelot II Jul 2021 #7

Response to scarytomcat (Original post)

Thu Jul 1, 2021, 01:44 PM

1. An indictment will affect ability to refinance debt

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Response to scarytomcat (Original post)

Thu Jul 1, 2021, 01:44 PM

2. TV experts say yes, they will call in the loans.

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Response to scarytomcat (Original post)

Thu Jul 1, 2021, 01:46 PM

3. Just watched Chuck Rosenberg with Brian Williams - kinda answer your ?

https://democraticunderground.com/1017664851

5 minute discussion..Chuck also mentioned the 2pm hour..(I am assuming he meant ET)

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Response to asiliveandbreathe (Reply #3)

Thu Jul 1, 2021, 02:06 PM

6. Thanks for sharing this

Chuck Rosenberg is such a great resource for information and understanding.

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Response to scarytomcat (Original post)

Thu Jul 1, 2021, 01:48 PM

4. I heard a corporate attorney yesterday pooh-pooh that idea--

Said that banks wouldn't want to cause a collapse of the company before they got paid, said as long as the loans were being paid, they'd hold off calling them in.

However, Trump has stiffed a lot of banks in his time, so who knows if he's paying even now.

Also, he's probably not dealing with 5* banks. Deutsch Bank is so entwined in his corruption, they're already willing to lose millions just to stay on his good side, if he has a good side (he doesn't).

Tony Schwartz, his former ghostwriter, mentioned that actually Trump Org has mostly been just a branding company and doesn't own most of the real estate with the name Trump. (That's how all the boards of the Trump Buildings around the country can vote to strip the name off-- he doesn't own the building.)

I think the golf courses are actually his, and the associated resorts.

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Response to scarytomcat (Original post)

Thu Jul 1, 2021, 01:54 PM

5. 2 PM eastern, indictments to be unsealed in court.

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Response to scarytomcat (Original post)

Thu Jul 1, 2021, 02:48 PM

7. Depends on whether they think the loans can be repaid,

which in turn will depend on the likely consequences of a conviction. The company doesn't own a lot of real property outright any more, and that's probably heavily mortgaged. Most of its value comes from licensing the Trump name, which doesn't seem to be worth as much as it once was. I think they will wait awhile to see what happens.

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