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Reply to "Trump can’t pay"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Trump’s biggest fear is being shown he’s poor.[/quote] That must be why he committed perjury by telling the court a few months ago how he had hundreds of millions of liquid dollars.[/quote] His net worth is probably in the low 7 figures. He owns a bunch of properties that are valuable, but no one really knows how much debt he has on them, how much is actually just partial ownerships because of LLCs and side deals, etc. If he actually had substantial equity in these properties, it should be no problem for him to go to a bank and borrow this money. The fact that he can't is very telling. [/quote] So you're saying he's worth under 5 million?[/quote] Actually experts have evaluated his total worth at about 3B, but most of it is tied up in real estate, which is not liquid. There is at most $400M in cash or stocks, and he needs to keep a lot of it to pay bills. So his options are: 1. Borrow from friends, and it's unlikely someone will front him the money, unless they have ulterior motives that may be deleterious to the USA, because everyone knows he won't pay it back. 2. Get loans with real estate collateral, which has until now proven impossible. No one likes real estate as collateral, because it's hard to get rid of quickly, especially if the properties are not on US soils (a lot of them aren't). 3. Fire sale of real estate, in which buyers will be able to negotiate rock-bottom prices. In the timeframe, very difficult to do. Otherwise James can seize his assets on Monday. [/quote] How could any expert evaluate his net worth? They don’t have access to his books and they don’t know what debt he has. Any numbers you see out there are WAGs. [/quote]
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