Trump: WIN!
Obviously punishing Baldwin for portraying him on SNL.
I suspect that Baldwin has deep enough pockets to hire GOOD lawyers. And that there are plenty that will take a case like this on. I hope the take Trump to the cleaners.
Whatever happened to the 420 million in loans he was going to have to deal with? I thought for a while it was going to be his defining crisis.
I dunno about all this Trump bashing. Don promised us an infrastructure package and to get us out of Afghanistan and by golly gee we’ve accomplished both.
Checkmate, libtards.
Those loans are still out there. They haven’t come due yet.
It’s not just one loan, and they’re spread out over the next few years.
But there was much speculation that once the Trump Org was indicted that Deutsche Bank would call in those loans. For example this Forbes article:
Well, Trump org was indicted and the loans were apparently not called.
Apparently Trump could shoot a Deutsche banker on Mainzer Landstraße and not lose any support.
Wait - those are a few different things.
There are several loans, pretty much all of which (billions) are to the Trump Org, but the twist is some of them are personally guaranteed by Trump himself (hundreds of millions) rather than Trump Org, meaning he’s actually personally on the hook for those.
It’s one of the things you can do - the ‘business’ takes on the costs (the jets, clothes, homes, etc) and the family keeps the profits. But banks wouldn’t let him do that anymore (even banks eventually stop loaning to total deadbeats) so he had to personally guarantee loans.
To the extent they can “call their loans”, that’s for loans for which that’s allowed (already past their due date or under conditions in the contracts that allow for it, which often do include indictment but it really depends on the contract). But Deutsche Bank itself is looking shaky. While they may like to call in those loans, at this point, they also wouldn’t want to have to fight a length legal fight or have the bad publicity associated with a default on that much money. They’ve already announced they aren’t loaning to Trump anymore but they’re also in a position where they can’t be seen to publicly not be able to collect on the money that’s already out there. Writing off hundreds of millions or even billions would be devastating to Deutsche Bank at the moment.
That’s separate from the loans Trump has personally guaranteed, most of which likely can’t be called in early. Those are coming due in the next few years. It’s very likely he’ll ask for delays and extensions and also fairly likely they’re not going to be granted.
It comes down to the old saying - when you borrow $100 from the bank and can’t repay, you’re in trouble. When you borrow $1 million from the bank and can’t repay, the bank is in trouble. A healthy, more or less above board bank might call these loans in (and probably wouldn’t made them in the first place). But Deutsche Bank? Nah, they’re also in trouble if they call these in.
OK, thanks for the lengthy reply. Appreciate that and all the information within.
So yes, that was myguestimation: that Deutsche Bank would love to call those loans but it would be devastating (for them) if they did so. But your point about there being a couple types of loans is well taken. And you beat me to the joke about the lender being in more trouble than the borrower if the loan is large enough. <shakes fist> 
Here’s a little update about where the loans stand and when they are due.
Trump NYC Tower Debt Hits Watch List With Vacancies Rising - Bloomberg
In a nutshell, he owes about $590 million to various banks and more than half of that is personally guaranteed. There’s a $100 million loan on Trump Tower that matures in 2022, $125 million on his Doral golf resort that matures in 2023 (that one is through Deutsche Bank), and $150 million tied to the Old Post Office building in Washington that’s due in 2024. The family has been trying to sell the hotel lease on the Post Office building but there have been no takers.
Also from the article:
The Trump Organization got a boost earlier this year when a partner in one of its most valuable assets, Vornado Realty Trust, refinanced debt on an office tower in San Francisco. Trump holds a 30% stake in the property and the deal generated a $617 million cash-out for its owners.
So on the last thing, he got a lucky break. We’ll see if he can continue to rob Peter to pay Paul.
Or, as I’ve seen it phrased: If you owe your banker a million dollars, your banker owns you. If you owe your banker a billion dollars, you own the banker.
He’s also raking in the dollars fleecing the rubes with the various Stop the Steal pitches detailed in this and other threads. Of course a lot of that is other scumbags just riding the gravy train, but I’d suspect a healthy portion is finding its way to debt service.
That’s assuming he intends to pay said debts. I’d be equally willing to believe he’s squirreling the proceeds away someplace where he thinks the busies won’t find them; as far as the debts are concerned, that’s what countersuits are for.
He’s also may have gotten a huge cash influx with his DWAC stock offering. Offering nothing but empty claims by the liar in former chief, its total market cap valuation has jumped to 1.2 billion thanks to MAGATS and memers. Once its revealed that this venture has no more chance of going anywhere than any of his other ones its going to come crashing down, but in the meantime Trump can probably sneak out with enough money to keep the Trump crime family solvent for a few more years.
But I was promised his financial house of cards would all come toppling down months ago. Grrrrr.
This. Why waste perfectly good money on something as boring as debts? No way.
It will. In two weeks.
Gee, thanks, boss!
I’ve also read that Pence’s and his staff’s keycards were mysteriously deactivated during the insurrection.
What happens in two weeks that will be different from the previous two weeks, two months, five years, etc…?
Today is the deadline when the National Archives are due to release hundreds of pages of documents to the Jan 6 Commission. However that release will take another two weeks when the appellate court is due to rule Nov 30, on the appeal by Trump to withhold the release.
So everything is perpetually “two weeks” from Trumps terrible-tremendous horrible-horrendous super-bad day.
Wake me up when something of substance actually happens.