They’re just gagging for it, aren’t they?

A report from Bloomberg (subscription required) in July stated that “The Trump Organization has more than $590 million of debt coming due within the next four years with more than half personally guaranteed by Trump. This includes $100 million on Trump Tower in Manhattan maturing next year and $125 million due in 2023 for the Trump Doral golf resort near Miami,” and that the former president is unlikely to find a financial partner willing to help him refinance his debt load.

What matters is the assets he can put against such refinancings. I seriously doubt it’s going to be a problem.

5 thoughts on “They’re just gagging for it, aren’t they?”

  1. It bears repeating that most Presidents (hi Barack), Vice-Presidents (hi Joe and Hunter), senior politicos (hi Nancy) and even not so senior ones (hi AOC, coming along nicely) leave or will leave office several orders of magnitude richer than when they started despite their mundane official salaries.

    In recent times there has been one major exception to this rule.

  2. “and that the former president is unlikely to find a financial partner willing to help him refinance his debt load”

    How can hey possibly know that?

  3. How can hey possibly know that?

    Because they’ll do everything they can to try and stop the guy running a business, or using the internet like a normal person, or being allowed to go through his life unmolested.

    Same energy, but on a bigger scale, as our host being maliciously banned by PayPal. We already have a Chinese style social credit system in the West, it’s just not formalised yet. Which might actually be worse than Chinese Communist repression, because you can’t game a system with no rules.

  4. Dennis, Pointing Out The Obvious

    …and that the former president is unlikely to find a financial partner willing to help him refinance his debt load…

    Why would he need a partner to refinance? Does anyone really think banks want to take possession of an office building and a golf resort? That’s not how banks make money.

    Then again, we’re talking about Salon.

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