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SmartVoter22

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Member since: Thu Oct 10, 2019, 05:13 PM
Number of posts: 639

About Me

Former Election Official, voting rights wonk. We need lifetime voter registration from birth & citizenship, without any abridgments and a weekend national voting holiday. Let's get the 30% who never vote back voting for Dems.

Journal Archives

July 6 - Nat'l Fried Chicken Day

Oh goodie.
Posted by SmartVoter22 | Tue Jul 6, 2021, 12:46 PM (3 replies)

Will banks call in Trump's loans?

Now that the Trump org has been indicted, banks can 'call in' loans with the Trump organization.
The banks, many European, often have clauses to protect the loans, if the borrower is indicted. Reports are saying, Deustche Bank, one of the biggest, does not have that clause...but nothing has been made available, to validate that exemption. I suspect we'll see important points, over the Independance Day weekend.

I, myself, think this 'call in' option will result in some very interesting media reports, especially from Euro news agencies.

This quote, from a politico.com article, sums it up well.

"...Murad Hussain, a partner in Arnold & Porter’s white-collar defense practice. “Beyond the adverse publicity, an indictment might trigger a lender’s rights to call outstanding loans, or give a government agency grounds to suspend a business license or the ability to participate in public programs. This isn’t always guaranteed to happen, but if it does, it’s an uphill battle to undo the damage.”

One of the biggest risks involves the company’s debt — and the Trump Organization’s debts are reportedly immense. A Forbes investigation published in October 2020 calculated that Trump owes his creditors at least $1 billion. A spokesperson for Trump did not immediately respond to a request for comment."


Quote from Politico.com
By BETSY WOODRUFF SWAN
07/01/2021 05:15 PM EDT
Updated: 07/01/2021 05:32 PM EDT

https://www.politico.com/news/2021/07/01/trump-organization-indictments-497706
Posted by SmartVoter22 | Fri Jul 2, 2021, 10:56 AM (8 replies)
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