The day Donald Trump left the White House, his business was facing $900 million of debt coming due in the next four years. Working through those loans would have been a significant undertaking for any firm, but the Trump Organization was contending with additional challenges. Deutsche Bank, Trump’s longtime lender, was reportedly looking to end its relationship with the real estate mogul. Two other financial institutions, Signature Bank and Professional Bank, had spread the word that they were cutting ties in the wake of January 6, 2021. Meanwhile, the Manhattan district attorney was getting close to charging the Trump Organization with a series of financial crimes, including falsifying business records, conspiracy and fraud.
Soon plenty of people were trumpeting the end of an era. “The indictment of the Trump Org will likely result in its destruction as a viable entity,” Richard Signorelli, a former federal prosecutor in the Southern District of New York, tweeted in June 2021. “No bank will ever do business with an indicted company,” Dan Goldman, a onetime prosecutor who served as lead counsel during Trump’s first impeachment trial, said on MSNBC, calling an indictment “almost a death blow to the Trump Organization.”
Those predictions turned out to be dead wrong. In the last 15 months, the Trump Organization—under indictment, with its founder characterizing the charges as part of a “political Witch Hunt by the Radical Left Democrats”—has managed to rework almost all $900 million of the debt it had coming due. Now, magically, he is flush with cash and free to deal— thanks to a little help from powerful friends.
0:00 Inside Trump’s Finances When He Left Office
1:00 Welcome To Trump’s Great Financial Escape
1:17 So, How Did He Do It?
2:12 The Art Of Refinancing
2:41 The One Rule Of Wall Street
3:32 Steven Roth And Donald Trump, Business Partners
5:05 Inside The Sale Of The Trump International Hotel DC
6:38 Deutsche Bank & Donald Trump’s Rocky Relationship
7:27 Enter, Axos (Who?)
8:28 What Are Trump’s Next Moves?
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
source
Do one on Biden or Clinton now
When it comes to the world of investment, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance. I pray that anyone who reads this will be successful
How much are the classified/unclassified U.S. government documents on Ebay or at other vendors?
I seriously dislike how the Trumps do business. And how they flaunt the Law in general!
"Tight pinch again"? Yes indeed, looks like the noose around his neck is tightening in the legal sense.
He's faked everything he's ever done
you called your son a baron…?? No one needs barons now …. In the end, your son will be a sucker … And you will not help him with your money …
It’s all a house of cards and he just keeps putting the debt off, never actually paying it back back which makes him very compromised, welcome Russians and political grift
You don't even dare show your face when you say These shits.
They forgot to mention selling nuclear information to Russia🤣
that's why america did great when he was the president
Oh long Johnson can't you see? He is just a little kitty
Tired of hearing about him. It is time for jail along with his corrupt inner circle.
Plus the money from his supporters and from document sales.
The man has been investigated over 30 times since 2015 and still not a single indictment against him. 😆😆🤦♀🤦♀
He solved his debt crises by continuously grifting off his devout and credulous base ….and laundering Russian mob money through his properties…
I wouldn’t say sitting pretty he still owe 1.1 billion dollars, maybe he was going to sell American out with the secret documents he had
That was a very nice fairy tale you told.
Warren Buffet, Bill Gates, Jeff Bezo, Elon Musk, Steve Jobs, and others are rich without legal jeopardy.
Scavenger lenders are waiting to scavenge the remaining corpses.
@ Tommy Gringo go home gringo
Interesting ,within a short 7 days after this post the tides turned once again and the ship had sailed on 'sitting pretty'
Yep
Thank you for this wonderful video .. If you have been closely watching the crypto or even invested in it, chances are that you are wondering whether the latest bear cycle is over. The truth is that the market remains unpredictable especially in the long-term. Despite the heavy outflows, Bitcoin still managed to promptly recover, this recovery demonstrated Bitcoin's strength despite being stress tested against highly volatile and unfavorable market conditions. Could this outcome be a sign that the market that the market is ready for a bigger recovery? The obvious answers is yes despite how long it might take, it is very important to stay ahead of the market by trading with the right strategy. I have been trading with Nicholas strategy for up to year now I have been able to accumulate 25.7 btc with his signals
Silva method. What a quack.
he will NEVER pay that kinda debt back. never ever.
Once a crook , always a crook !
He sold top secret documents
Money won't take care of Donald. His words and actions will bury him. The Domestic Terrorist leader D.J.Trump on January 6th divided a nation and its people. Thru planned violence. He lit the fire and encouraged it. He's a civilian criminal.
The swindler is not a billionaire. He don't have the 350 million to pay Deutsche Bank
You guys are in a cult… Just trying to help you out.
Gonna be very hard to beat the NY AG fraud case for $250,000,000.
HE LIED TO US!
HE OWES NY 250 MILLION DOLLARS
Will he be dead or imprisoned before these loans are due ?
Maggots feed on vomit
The man still puts a smile on my face when I think back at how well life was, just a mere 2 years ago. 🤠
when you owe a Billiton you own the bank
all that cash minus 250 million he is being sued for in New York..must be nice,while Trump's crime family making billions, Americans are struggling to buy groceries,pay rent,and afford gas prices..Great uplifting story guy..very inspiring..