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WSJ-trump family Facing Major Cash Crunch as Lenders Refuse to deal with Ousted president


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 Wall Street Journal-Trump will be walking into a financial morass when he leaves office and resumes control of the Trump Organization that is deeply in debt and will likely see revenues decrease with the president no longer able to count on tax dollars flowing into his properties to pay for his entourage when he visits.

 

With the New York Times previously reporting that the president is facing over $400 million in debt coming due soon — some of it personally guaranteed by Trump — the Journal is reporting a cash crunch may force the family to sell off some properties to retire debt at a time when lenders will likely keep their distance with the Trump Organization facing investigations in New York.

 

“The Trump Organization might soon slim down. Several properties are for sale, including its Washington hotel and two skyscrapers in New York and San Francisco that are part-owned by the Trump Organization. The organization also has been considering selling its Seven Springs estate outside of New York City,” the report states, adding, “Any sales could help the family avert a lending crunch. The Trump Organization has more than $400 million of debt due in the next few years and many lenders have indicated they are wary of doing business with Mr. Trump.”

 

Reporting that “Republican spending at Trump properties has topped $23 million since 2015 compared with less than $200,000 in the five years prior, ” the Journal notes the president will be losing an income stream at a time when he will also lose $37,000 a month of rent payments as the Trump campaign shuts down their office in Trump Tower in New York. 

 

*****“The office tower, where the Trump Organization is based, has suffered from falling occupancy rates since Mr. Trump took office,” the report added.

 

*****Then there are Trump’s legal problems that are expected to explode once he is no longer protected by the office of the presidency and will put a massive strain on his finances.

 

“Financial challenges facing the Trump Organization are compounded by long-running legal issues, with New York probes of Mr. Trump’s businesses set to continue after he leaves office. Mr. Trump has also been contending with an Internal Revenue Service audit of his finances,” the Journal reported. 

 

According to Jeffrey Engel, a presidential historian at Southern Methodist University, “The fact that Trump thought he could run for president and be president with potential clear irregularities in his financial background and not be discovered, that’s the most surprising part to me. It reinforces that he did not fully appreciate what it meant to be president.”

 

Also dogging the family are the challenges of expanding internationally with the report stating, “The Trump Organization recently lost a series of legal battles over the exclusive use of the Trump name in the European Union’s 27 countries. The continuing trademark challenges could complicate the Trump Organization’s ability to use the Trump brand across a variety of business areas, including real-estate development, gambling, golf equipment and alcohol.”

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Michael Cohen: 'Trump family in big trouble with the ‘IRS for tax evasion’

Trump’s former fixer Michael Cohen revealed what he really thought about the president’s sons – and their financial stakes.

 

 

“That’s one of the ironies here, of course, is for all of the corruption and all of the kind of pettiness and the ways in which different people’s fingers have been in different troughs, that it has been bad for the Trump business, right? The Trump family business in 2020, it seems to me, is in bad shape and that itself might create its own dangers and exposure in the person who is the president of the United States,” Hayes told Cohen.

 

“Well, Chris, no, no, no, don’t forget: he is the greatest negotiator. He can negotiate any deal that you want. He is the greatest. Whatever deal, I’m a great deal maker. No, you’re not, Mr. President. You are not a great deal maker,” Cohen said. “Actually, you are a lousy deal maker. You were fortunate enough to have some good people around you and you were fortunate enough to have daddy’s money coming into the game. Short of that, he would probably be just like Atlantic City – broke.”

 

I’m not quite sure how to ask this,” Hayes started. “What do the sons do? Like do they — I don’t understand what they do. The idea was that — I mean, it was obviously preposterous fiction the president was going to have, you know, his sons run the business and have nothing to do with them. That’s clearly not the case. Everything is all tangled together – the business, the presidency, the campaign. But, like, do they have jobs?”

 

“Yeah, they have jobs,” Cohen responded. “They go into the office. What they do is obviously, nobody knows. You know, Don, Jr. runs around and he makes speeches. Eric is in the office. I don’t know what he is running. You have Allen Weisselberg, the CFO in charge of the trust. They’re not buying anything. They’re not really doing anything. In all fairness, all they’re really trying to do is to retain whatever assets that they have because the market, of course, has taken a tremendous plunge, especially in commercial real estate where their properties have somewhere in the neighborhood of 30%, 40% vacancy. So, you know, the company, as you rightly stated, they’re in some serious trouble and they’re going to be in bigger trouble when the IRS gets their hands on them with all of the tax evasion. He’s going to have to pay that back.”

Watch the video below.

 

 

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5 hours ago, MidnightMax said:

Hey beanie @benson13
you're dumber than pig fuck. And if you believe a damn thing the WaCompost or A CONVICTED LIAR COHEN says, then you are the biggest fucking fool that ever sucked sir.

 

ROFLMAO

I'm waiting for Trump to sell Melania's coat on Backpage

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22 hours ago, benson13 said:

 Wall Street Journal-Trump will be walking into a financial morass when he leaves office and resumes control of the Trump Organization that is deeply in debt and will likely see revenues decrease with the president no longer able to count on tax dollars flowing into his properties to pay for his entourage when he visits.

 

With the New York Times previously reporting that the president is facing over $400 million in debt coming due soon — some of it personally guaranteed by Trump — the Journal is reporting a cash crunch may force the family to sell off some properties to retire debt at a time when lenders will likely keep their distance with the Trump Organization facing investigations in New York.

 

“The Trump Organization might soon slim down. Several properties are for sale, including its Washington hotel and two skyscrapers in New York and San Francisco that are part-owned by the Trump Organization. The organization also has been considering selling its Seven Springs estate outside of New York City,” the report states, adding, “Any sales could help the family avert a lending crunch. The Trump Organization has more than $400 million of debt due in the next few years and many lenders have indicated they are wary of doing business with Mr. Trump.”

 

Reporting that “Republican spending at Trump properties has topped $23 million since 2015 compared with less than $200,000 in the five years prior, ” the Journal notes the president will be losing an income stream at a time when he will also lose $37,000 a month of rent payments as the Trump campaign shuts down their office in Trump Tower in New York. 

 

*****“The office tower, where the Trump Organization is based, has suffered from falling occupancy rates since Mr. Trump took office,” the report added.

 

*****Then there are Trump’s legal problems that are expected to explode once he is no longer protected by the office of the presidency and will put a massive strain on his finances.

 

“Financial challenges facing the Trump Organization are compounded by long-running legal issues, with New York probes of Mr. Trump’s businesses set to continue after he leaves office. Mr. Trump has also been contending with an Internal Revenue Service audit of his finances,” the Journal reported. 

 

According to Jeffrey Engel, a presidential historian at Southern Methodist University, “The fact that Trump thought he could run for president and be president with potential clear irregularities in his financial background and not be discovered, that’s the most surprising part to me. It reinforces that he did not fully appreciate what it meant to be president.”

 

Also dogging the family are the challenges of expanding internationally with the report stating, “The Trump Organization recently lost a series of legal battles over the exclusive use of the Trump name in the European Union’s 27 countries. The continuing trademark challenges could complicate the Trump Organization’s ability to use the Trump brand across a variety of business areas, including real-estate development, gambling, golf equipment and alcohol.”

Christ

More bull shit from the NY Times and you dopes that follow this crap

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Just now, benson13 said:

why did trump get loans from Russia?

 

 

whats oan telling you Zhannity?

He's an international businessman...

 

Why was Hunter on AF 2 making deals in China and then his Dad says...."I have no idea what he was doing there..."

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22 hours ago, benson13 said:

 Wall Street Journal-Trump will be walking into a financial morass when he leaves office and resumes control of the Trump Organization that is deeply in debt and will likely see revenues decrease with the president no longer able to count on tax dollars flowing into his properties to pay for his entourage when he visits.

 

With the New York Times previously reporting that the president is facing over $400 million in debt coming due soon — some of it personally guaranteed by Trump — the Journal is reporting a cash crunch may force the family to sell off some properties to retire debt at a time when lenders will likely keep their distance with the Trump Organization facing investigations in New York.

 

“The Trump Organization might soon slim down. Several properties are for sale, including its Washington hotel and two skyscrapers in New York and San Francisco that are part-owned by the Trump Organization. The organization also has been considering selling its Seven Springs estate outside of New York City,” the report states, adding, “Any sales could help the family avert a lending crunch. The Trump Organization has more than $400 million of debt due in the next few years and many lenders have indicated they are wary of doing business with Mr. Trump.”

 

Reporting that “Republican spending at Trump properties has topped $23 million since 2015 compared with less than $200,000 in the five years prior, ” the Journal notes the president will be losing an income stream at a time when he will also lose $37,000 a month of rent payments as the Trump campaign shuts down their office in Trump Tower in New York. 

 

*****“The office tower, where the Trump Organization is based, has suffered from falling occupancy rates since Mr. Trump took office,” the report added.

 

*****Then there are Trump’s legal problems that are expected to explode once he is no longer protected by the office of the presidency and will put a massive strain on his finances.

 

“Financial challenges facing the Trump Organization are compounded by long-running legal issues, with New York probes of Mr. Trump’s businesses set to continue after he leaves office. Mr. Trump has also been contending with an Internal Revenue Service audit of his finances,” the Journal reported. 

 

According to Jeffrey Engel, a presidential historian at Southern Methodist University, “The fact that Trump thought he could run for president and be president with potential clear irregularities in his financial background and not be discovered, that’s the most surprising part to me. It reinforces that he did not fully appreciate what it meant to be president.”

 

Also dogging the family are the challenges of expanding internationally with the report stating, “The Trump Organization recently lost a series of legal battles over the exclusive use of the Trump name in the European Union’s 27 countries. The continuing trademark challenges could complicate the Trump Organization’s ability to use the Trump brand across a variety of business areas, including real-estate development, gambling, golf equipment and alcohol.”

Smells like AOC propaganda. Those funding her political career blacklisting anyone opposing her from now on.  That works both ways.

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