That only Top Trump I Take Full Responsibility It’s Not My Fault Shirt leaves debt funds. There are tons of commercial real estate debt funds that don’t really abide by banking laws. And people turn to them for mortgage loans (hard money loans). Most have principal investors that are sovereign wealth funds. Trump can (and probably would IMO) do whatever needed to get these countries to lean on the debt funds they invest in so that he can refinance his mortgages coming due. He’s personally guaranteed the loans, which means that they have principal recourse. For example, if his Wall Street building decreases in value by say 10% due to COVID, he would be on the hook for that difference.
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One building alone is Top Trump I Take Full Responsibility It’s Not My Fault Shirts tens of millions, if not hundreds of millions of dollars. Step back and look at what would happen to his whole portfolio and you’d realize he would be completely wiped out. Yeah, even the Feddes won’t hire you if you have a large amount of outstanding debt- it means you can be bought. And here we have this grifter in the highest office. Russia-Deutsche Bank-Trump loans are why he has to suck up to Putin. Oh and the pee tapes of course. In the military, you can lose your security clearance if you accrue too much debt.
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