Quote:
Originally Posted by Phoenix
I think he has made his piece with it. His kids are setup for life and their kids. He has enough to keep his shit rolling until he checks out i am sure.
I am sure he knew this was a win or die situation.
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I am not so sure about this.
On one hand everything could come crashing down and end. It seems the entire Trump organization has issues paying contractors. Right now there are some seventy pending lawsuits by contractors who have not been paid by the Trump organization. Because of the attention Trump is getting in the press, this is coming out and contractors are now aware of this - and contractors aren't going to do millions of dollars of work knowing they might not get paid. It will destroy their business.
Yet on the other hand, the banks love Trump. In the event Trump goes bankrupt again, they banks will just loan him hundreds of millions of dollars again like they have in the past. The banks don't care because it's not their money they stand to lose, and they make money no matter what. It's the banking industry and the housing market and the recession all over again; The banks make money no matter what happens.
What might happen here is the worse thing that can happen to Trump - damage to his name. Trump's tries to portray his brand name was "classy" and "style" and "rich" and I see it as tacky and gaudy - always have. Trump is a seventy year old man and he is just plain tacky to me.