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Oh dear, trouble brewing at Trump & Sons, Inc.

Sherlock Holmes

Sherlock Holmes

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The Trump Organization is reportedly looking to delay some of its loan payments as it struggles amid the pandemic.

With some of its golf courses and hotels closed amid the economic lockdown, the Trump Organization has been exploring whether it can delay payments on some of its loans and other financial obligations, according to people familiar with the matter and documents reviewed by The New York Times.

Representatives of Mr. Trump’s company have recently spoken with Deutsche Bank, the president’s largest creditor, about the possibility of postponing payments on at least some of its loans from the bank.

And in Florida, the Trump Organization sought guidance last week from Palm Beach County about whether it expected the company to continue making monthly payments on county land that it leases for a 27-hole golf club.
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TomFitz said:
Every commercial landlord and REIT is doing the same thing right now.
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I'm just waiting for him to sign a new Trump Hotel Rescue Initiative executive order, there's probably a draft of this on his desk already.
 
This crisis certainly exposes how poorly managed companies like this are. If they're facing default after only two weeks or less of scattered closure then they were already on the verge of bankruptcy.
 
There’s always Russian and KSA money.........
 
Rexedgar said:
There’s always Russian and KSA money.........
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Deutche Bank IS Russian money. They are well known for laundering Russian money. Also known for the only bank willing to make loans the impeached POTUS when American banks wouldn't touch Mr. Bankruptcy with a 10 foot pole.

That explains a lot, no?

Eventually, Trump's financial cover-ups will come to light.

And Putin's fingerprint's will be all over it.

The question is, how is the Russian mob going to take yet one more of Trump's financial failures? I highly doubt they will "sue" him. They have ways of their own.
 
Anthony60 said:
Oh, wait, you mean Trump is taking a financial hit due to his actions??? Oh, but the left tells us that is not possible, he's in office to help his business ventures profit even more!
Liberals be like.... "uh, uh,uh... does not compute, does not compute!" LOL!
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Like how he abused his Charity and took a "financial hit" there too?
Like how he abused all the hotel investors and took a financial hit there too?
Like he abused Trump university and took a financial hit there too>?

Yes Anthony, we are well aware that Trump's actions often cost him, and many others, a lot of money. We've been telling you that.

Why do you think U.S. lenders won't lend to Trump? Because his actions are so non-risky?

lol.
 
Mach said:
Like how he abused his Charity and took a "financial hit" there too?
Like how he abused all the hotel investors and took a financial hit there too?
Like he abused Trump university and took a financial hit there too>?

Yes Anthony, we are well aware that Trump's actions often cost him, and many others, a lot of money. We've been telling you that.

Why do you think U.S. lenders won't lend to Trump? Because his actions are so non-risky?

lol.
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LOL, no reply, just deflection.
 
Captain America said:
Deutche Bank IS Russian money. They are well known for laundering Russian money. Also known for the only bank willing to make loans the impeached POTUS when American banks wouldn't touch Mr. Bankruptcy with a 10 foot pole.

That explains a lot, no?

Eventually, Trump's financial cover-ups will come to light.

And Putin's fingerprint's will be all over it.

The question is, how is the Russian mob going to take yet one more of Trump's financial failures? I highly doubt they will "sue" him. They have ways of their own.
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Deutsche Bank has experience with Trump defaulting.

It is an interesting question.

The last time Trump threw up a deal was the Trump International in Chicago. Amazingly, Trump cured it with the proceeds from a sale of a Palm Beach mansion, which had sat on the market. A Russian oligarch bought it with cash, paying way over market value in a falling market.

With the Russians and the Saudis engaged in an oil price war clearly designed to drive the black market, Iran, Iraq, Nigeria, and frackers in the US out of the market, the oil riches in the Russian coffers won’t stretch as far as it once did.

Besides, the Russians are pretty well done with Trump now. There’s not that much more they can get out of him.
 
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Napoleon said:
This crisis certainly exposes how poorly managed companies like this are. If they're facing default after only two weeks or less of scattered closure then they were already on the verge of bankruptcy.
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I don't give a flying...about the Trump Family Crisis.
This pompous know-it-all ignored the call in early February to act to address the projected coronavirus before it slammed the US.
Trump ignored warnings from our intelligence community, national health advisors and US Senators.
And here we are. And of course the president should have the taxpayers bail his resorts out of this minor flu that will disappear in April.
 
TomFitz said:
Deutsche Bank has experience with Trump defaulting.
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Deutsche has been slapped for Russian money laundering. But POTUS has limited contact with anyone with Russian contacts. Most are currently in jail.
 
Captain America said:
Deutche Bank IS Russian money. They are well known for laundering Russian money. Also known for the only bank willing to make loans the impeached POTUS when American banks wouldn't touch Mr. Bankruptcy with a 10 foot pole.

That explains a lot, no?

Eventually, Trump's financial cover-ups will come to light.

And Putin's fingerprint's will be all over it.

The question is, how is the Russian mob going to take yet one more of Trump's financial failures? I highly doubt they will "sue" him. They have ways of their own.
Click to expand...

Are Trump haters the only people able to read and learn about the direct connection between Russian oligarch money and Putin and Deutsche Bank and Trump and Trump's hidden tax returns?
 
dcaraz said:
Deutsche has been slapped for Russian money laundering. But POTUS has limited contact with anyone with Russian contacts. Most are currently in jail.
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Trump speaks to Moscow every day on an unsecured phone.

Kelly Ann Conway keeps an eye on him for Robert Mercer and his Russian friends.

And Kushner is all over the place, trying to cash in on what’s left of the feast.
 
Anthony60 said:
Oh, wait, you mean Trump is taking a financial hit due to his actions??? Oh, but the left tells us that is not possible, he's in office to help his business ventures profit even more!

Liberals be like.... "uh, uh,uh... does not compute, does not compute!" LOL!
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Hey, Batman, yuou think a global depression is funny?
Pay attention...while you're busy defending Trump the entire global community is taking a hit. And people are dying.
Liberals didn't make up this s**t storm. And everyone--including you--will be challenged in one way or another.
 
dcaraz said:
Are Trump haters the only people able to read and learn about the direct connection between Russian oligarch money and Putin and Deutsche Bank and Trump and Trump's hidden tax returns?
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I wouldn’t say so. Right wingers seem to want to avoid or deny the subject.

But it was never a secret.

I was well aware that Trump was mixed up with Russian gangsters when Bill Clinton was still in the White House. He’s been a front man for Russian money laundering ever since the Brighton Beach mob propped up his failing casinos by laundering their money through them long enough for Trump’s daddy to get him out from under.

By the time Felix Sater showed up with the Trump Soho scheme, it was pretty much an open secret in commercial real estate.

Of course, in that industry, they laughed out loud when Trump claimed he was worth $10 billion.
 
Trump will file bankruptcy. Do not be concerned, he's a pro at it.
 
Putin's gotta be loving this.
 
dcaraz said:
I don't give a flying...about the Trump Family Crisis.
This pompous know-it-all ignored the call in early February to act to address the projected coronavirus before it slammed the US.
Trump ignored warnings from our intelligence community, national health advisors and US Senators.
And here we are. And of course the president should have the taxpayers bail his resorts out of this minor flu that will disappear in April.
Click to expand...

I’m talking about the COVID-19 crisis. Trump’s is not the only business facing this issue hence my comment.
 
Hawkeye10 said:
And closed down business are refusing to pay rent.

Hello Depression!
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There’s an important difference between being unable and refusing to pay the rent (or the loan, or the suppliers, or the utilities....)

Analyists in the REIT industry are expecting a decent recovery.

A lot depends on how the relief packages are structured.

I have faith in Steve Mnuchin’s judgement. He really is the only smart one in the Trump Administration. Most of the rest of them are gangsters, flunkies and bag men. I don’t trust Mnuchin at all. He bears careful watching. But he knows what he’s doing.
 
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