I dunno. What’s the saying? “If you owe the bank ten thousand dollars and can’t pay it back, you have a problem. If you owe the bank ten million dollars and can’t pay it back, the bank has a problem.”
You know, while I’m really against cruel and unusual punishment, I sort of want these all these Y’all Qaeda dumbasses to spend a couple of weeks in an authentic Civil War prison.
Yes, but in this case, staying in his loop might be an even bigger liability.
In any case, they’re simply dumping him as a banker/client. The terms of the loan are the terms of the loan, so nothing changes there; just means he can’t get new funding from them. It also probably makes it harder to get new funding anywhere because again, he has a unique kind of business that is very risky – so risky that US banks and most banks anywhere typically wouldn’t lend to him. My hunch is that they lent to him because they were part of a major international scheme involving Russian oligarchs, oligarchs from other countries, and the global system of finance and real estate. Trump’s election to the presidency also gave other individuals access to the American political and financial establishment.
Now they are losing that access and they’re not only losing access but facing unwanted scrutiny, which will probably shed light on the other shady shit they’ve been doing for a while but gotten away with it because they probably weren’t alone and it was understood by the community (whoever’s in it) that people shouldn’t discuss family secrets at the dinner table.
Sorry i can’t get the link, its on twitter that they are now serving him organic food.
I’ve maintained for years that the Trump Organization is a criminal enterprise.
I think it’s sort of self-evident that a large business run by a man with absolutely no respect for law and order would be engaged in lots of illegal activity. But there are other reasons.
Criminal enterprises aren’t all run out of shadowy basements. They make lots of money, their owners can afford sleek glass and steel skyscrapers and other trappings of legitimacy. In fact, if the business is a conglomerate, there will be huge wide swathes of it that are completely legitimate and employees that may have no idea that they are working for a criminal enterprise.
It’s what Madoff did. In fact, Bernie Madoff, with his large respectable business that provided cover for his illegal scheme, is a good example of how this model works.
I have no specific knowledge of illegal activity inside the Trump Organization.
But I know people like Trump. I worked for them for thirty years. I spent extended amounts of time in their homes and had a professional friendship with lots of them. Some were legitimate businessmen, some weren’t.
The biggest sign of an illegal enterprise is a lack of boundaries. There are family members deeply embedded throughout the businesses, surrounded by people with no clear role or job description. Someone might be a friend one day, a consultant the next, a corporation lawyer the day after that, a personal lawyer the next day. They don’t have real jobs, they play roles and they take on whatever role is required to facilitate the scheme du jour. Sound familiar?
Sometimes this group is given cover by people that work for legitimate arms of the business. Those branches might employee real non-corrupt people - people that act like normal executives, changing jobs, serving on the boards of other businesses, getting involved in charities not run by the business, etc.
But sometimes that doesn’t happen, it depend on how good the cover story is, so to speak. I’m willing to believe that there were people that didn’t know Madoff was running a game. Trump, not so much.
But the people that run dirty businesses and the people that are knowingly employed by them are different. They’re insular and have no interest in serving on the board of any company or charity they don’t control.
And New York real estate is a dirty business, because you can move large amounts of cash and large assets around without the degree of regulation that exists in pure finance based businesses.
But everyone always said…if you think he’s so dirty, how come he never got caught? Again, I point to Madoff.
These dirty businesses, everyone knows they are dirty and they ignore it as long as the operators stick to the unwritten rules and don’t do anything too obviously corrupt or call attention to themselves. If they do, all bets are off. Look at Shkreli. They didn’t catch him doing anything worse than they all do, but he broke the unwritten rules.
That’s such BS on delicate horned snowflake’s part. Organic food still has some of the same pesticides and stuff on it that non-organically grown food has, just less of it. He’s deluding himself about not just Tr*ump but also food.
My understanding is that prisoners sometimes make such requests because they tend to be better than general prison fare.
That makes sense. But this snowflake is probably the kind of guy who would deride other prisoners’ dietary requests and lambast authorities for “giving in to unreasonable requests.” “If you wanted to eat organic food only, then you shouldn’t have committed a crime!” That sort of thing. While at the same time demanding special treatment for himself.
A very interesting read, Ann_Hedonia. Thanks for sharing.
What the hell is “inorganic food”? Rocks? Pure hydrogen?
Heavily collateralized by real property or ownership in real property holdings.
In the past Trump has slimed his way through bankruptcies by spinning the tale that his brand on properties added value, by accounts allowing himself to hang on to ownership if dimly.
Now… that’s a hard sell to be plausible and I think it’s a crapshoot for Trump if the debt holders call in and don’t roll over the debt. Most rational analysis would be any Trump branded property is being value impaired by Trump branding in most markets.
Well…. isn’t this a surprise (to almost no one here):
Absolutely along the lines of what I have been thinking. A Trump branded property has got to take (I’d guess) a 20% hit right off the top, just because of the negative perceptions now attached to the name.
There are certainly still a few who might want to brag that they went to a Trump branded hotel, or a Trump branded golf course… but something tells me that the majority of those who have the money to afford such things will be avoiding the Trump brand like it was a bag of infected ticks.
From CNN for those who cannot see the WAPO link:
The Post said that last Tuesday, an FBI office in Norfolk, Virginia, issued an “explicit internal warning that extremists were preparing to travel to Washington to commit violence and ‘war.’” The report “painted a dire portrait of dangerous plans, including individuals sharing a map of the complex’s tunnels, and possible rally points for would-be conspirators to meet up” in several states before heading to Washington.
The information was “briefed to FBI officials at the bureau’s Washington field office the day before the attack,” the Post reported.
I think we now need to look into the reasons WHY this was not followed up on, and who gave orders to look the other way.
It’s hard for me to grasp why elements within the FBI would be that pro-Trump. He has spent the last 4 years largely impinging the leaders and integrity of the FBI. Is this the LE version of battered-woman syndrome?
I don’t necessarily see this as evidence of Bureau being pro-Trump; I see it as possible evidence that the right wing has exerted such political pressure on the agency and that it has succeeded at characterizing Trump’s supporters as “victims” and “just good ole ‘Merikun protesters’” that the FBI was reluctant to get involved without blaring alarm sirens.
It’s also possible that Trump’s efforts to change the culture of agencies sharing intel with each other is starting to have disastrous effects and that this might be just the first sign of that, with far worse failures to come later. Let’s not forget the Trump administration has ransacked our intelligence gathering as of late.
And look really close at all the people saying to look away/move on/healing/etc. Why don’t they wan’t anyone to look close?
The front-line chumps who stormed the capital made the headlines. But the far more worrying thing here is the pro-Trump collusion - in political appointees, the DoD and military, law enforcement, wherever - that enabled a plan to stand down security around the Capitol. This may have been a small step, in this instance they may have acted only by omission, although with implausible deniability in my opinion. But it’s a critical qualitative step toward our security forces serving the tyrannical leader rather than serving the country.
Biden obviously needs to clean house with political appointees, and there must be thorough internal investigations in all these agencies. We can recover from this. But this is where the real risk lies. If another Republican administration is ever elected, this is the path they take to ending democracy.
He’s concerned with maintaining the purity of his precious bodily fluids.
Is it too much to hope that law enforcement and prosecutors are dragging their feet until 12:01 pm next Wednesday?