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

[scarytomcat]

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

[LetMyPeopleVote]

1. An indictment will affect ability to refinance debt

https://www.democraticunderground.com/100215581632

[dchill]

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

[asiliveandbreathe]

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)

[leftieNanner]

6. Thanks for sharing this

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

[dawg day]

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.

[Bev54]

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

[Ocelot II]

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.