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this post was submitted on 20 Mar 2024
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politics
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He's already got loans out on all the properties. There isn't any equity left to mortgage against.
This is it exactly. Idk what he's even bitching about. He has the rnc to pay now didn't he?
Trump nft anyone?
I saw a comment somewhere that claimed the RNC only has like $10 million in funds, wouldn't even put a dent in what he owes.
It's funny how badly he has screwed himself. He's spent decades overinflating the value of his properties and then taking loans and mortgages out on them and using that to claim he's a billionaire. Now the courts used his own claims of how rich he is to issue a fine and he's struggling to pay it because his actual net worth is a tiny fraction of what he has claimed it is. He's basically created his own personal sub-prime mortgage bubble and it's teetering on the edge of collapse now.
The funny part is that he could have just kept getting away with it until his brain finally strokes out, but instead he decided that he would rather destroy US democracy instead of just living out his life as a rich old man.
Keep going, I'm almost there!!
That was fun to read
I almost feel bad for the banks about to record a default on all his properties, since the courts get first dibs on them.
I don't, though.