Trump, Deep In Debt, Faces Dwindling Options To Preserve Faltering Business

Susanne Craig, investigative reporter for the New York Times, talks about the implications of Donald Trump losing the backing of his long-time accounting firm and the likelihood that Trump will have to sell off assets in order to keep up with the debts coming due because he is failing to make money on many of his properties.

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[katrinapaton]

I cant help feeling Alex is having WAY too much fun with this. She's not alone.

[diymk]

After failing to pay so many employees, contractors -regular people like painters, carpenters, dishwashers, lawyers etc leading some to have to file for bankruptcy or lose their business, he deserves to go down. He has had thousands of lawsuits for failing to pay people. When they take him to court, he drags it out as long as he can and people who are owed money are forced to take less or run out of money for legal fees and give up. He owes cities and states money for holding his ego rallies. It's about time he face consequences for his actions.

[ACTIONMOVIESNOW]

Don't you have more important things to report on than to report hate and lies.

[ringrulepigs]

"When the cash starts to dwindle, then it's time to swindle!"

-Trump Family motto

[kwokfanfan]

The Scottish government can rescind the lease on Trump's Turnberry Golf Resort in Aberdeenshire. Mazar just gave them the reason.

[GPLP]

I remember talking with people who voted for him because he was a businessman, and were taken aback when I told them he was nothing more than a swindler. Sometimes I enjoy saying, I told you so.

[mrnobody]

I'd recommend the prestigious international accounting firm Howe Dewey Cheatem & Steele.
Rupert Murdock spoke very highly of them.

[pirobotbeta]

As his businesses falter, more and more former employees are gonna come forward.
Another thing: if your Boss was telling you to break the Law as part of your job, any NDA concealing that fact is invalid.
Can't use an NDA to conceal a crime.
All those book deals...

[stanleyarrington]

As Joe Louis said in the 40's when he was fighting, YOU CAN RUN BUT YOU CANT HIDE. SEE EVERYTHING CATCHES UP WITH YOU EVENTUALLY. NO ONE IS ABOVE THE LAWS WE HAVE ON THE BOOKS. EVERY DOG HAS ITS DAY.

[nottiification]

If only there were legal consequences for accounting firms that knowingly assist their customers in covering up decades of fraud and tax evasion.
It never would have gotten this far if there was such a thing as accounting malpractice.
How many other "millionaires" are using this accounting firm? What other chicanery are they assisting with?

[ccccarriemchardy]

Shame on any bank lending to this criminal and his family.

[Raptoraddict]

"We get all our financing from Russia" - Eric Trump 2015. I was amazed he said it at the time.

[sheilajennifer]

I think they're fearing a comeback the mad media

[kathrynhall]

My husband used to say "trump's mouth will be his downfall...he just can't shut up"

[AzaleaLala]

"He must need cash." I'm not surprised. Why do you think he hasn't officially said he's running for president? Because he wants to keep all the donations. He needs money. When you owe that much money, you don't have any money?

[mikeoxbig]

It’s good to know the GQP is draining its coffers to help Donald pay his legal fees. Please, please, republicans, don’t stop. It’s fun watching Donald dragging you down with him.

[oldguyis]

I love the way rich people renegotiate while we just have to pay the loan back.

[robertbutler]

Can you imagine waking up alongside this woman. every morning.

[kellystork]

Why then is he still allowed 100 million more in loans???

[dannmarceau]

His supporters will keep sending him money, pretty much like flushing their money down the toilet.