It's even worse than that for Trump. Deutsche Bank, one of his primary lenders, has indicated that they intend on going after him for the $340 million debt he owes them, as well as looking at ways to disassociate with him entirely.
The German lender is seeking to dump millions of dollars of Trump debt and sees a Trump loss as its best exit strategy, officials told Reuters.
www.businessinsider.com
Deutsche Bank are idiots for getting involved with him at all. There's a reason that all the other banks dropped him back in the 90s or so. Given his record, Deutsche Bank must have been horrified at him winning the presidency. I am sure (particularly given the exposure of his failing businesses) that they will be very keen to step away permanently. The question is whether they will be so keen to get away that they let him off a lot of repayment, or whether instead they really go for him. I hope they go for him.
When you look at the occasions Trump basically refused to pay back his loans and forced his creditors through the courts, of course they gave up on him. The thing is, it was partially successful: there's a point where many creditors will find slogging through the case more problematic and costly than just giving up and accepting only partial repayment. Having done it once and it working, Trump of course would then try it again and again. In the end, they refused to lend him money.
This was one of the things about Trump's operations in Russia and Saudi Arabia, where Trump got a lot of funding from. Having been cut off from so much credit in the West due to his bad faith, Trump went to countries which had money sloshing around and wanted investments in the West. And I do absolutely believe Trump's attitude to those countries as president partly reflects the extent to which their investors had been propping up his businesses. I wonder if they'll still be keen on him after his presidency and all its revelations? A man whose success is revealed to be grossly exaggerated is not so an attractive choice.
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It occurs to me that I'm also very concerned what Trump is going to blab about US secrets when he's out of office. He had loose lips even as president, revealing confidential information freely. I'm not necessarily saying he'll deliberately "sell" information to secure loans from abroad, but I absolutely would not be surprised if foreign agents will enter business negotiations and Trump will reveal things he really shouldn't in the process of trying to impress them.