1 Comment

"No charges have been filed, but this could be a confirmation that Trump made material misstatements on financial documents. That could mean that an indictment is in his future."

It also could mean that the banks execute an "ALL YOUR BASE ARE BELONG TO US" on the Trump family and call any outstanding debts due if there are clauses to that effect in the loan agreements. Given that it's extremely unlikely that he has the cash on hand to do that, 721 Fifth Avenue may be known as Deutsche Bank Tower shortly:

"This is terrible news for the man who calls himself the King of Debt. Access to cash is the lifeblood of the real estate business. Trump is already deeply in debt. His main lender, Deutsche Bank, cut its ties with him after the Jan. 6th Capitol attack. Prospective new lenders would have to be convinced, contrary to all existing evidence, that they could rely on the accuracy of the financial information provided by the Trump Organization. Existing lenders, including Deutsche Bank, could see the Mazars letter as a basis to call for immediate repayment of loans that are otherwise not yet due, depending on the terms of their loan agreements."[1]

[1] https://www.thebulwark.com/mazars-thumps-trump/

Expand full comment