Analysis: Reminder: Donald Trump’s legal and financial problems are still very serious
This is the wrong question. The right question is: How much Trump is legally and financially in the next few years? And the answer is “a lot.”
Whether or not Trump prevails in this specific case, he still faces legal problems. from them:
All of them have different legal entanglements – even if they All Winds going in Trump’s favor – will cost the entire money. And, strangely for a billionaire, Trump is not in great financial shape at the moment – and there are more problems on the horizon going forward.
Overall, Trump’s businesses produced approximately 40% less revenue in 2020 vs. 2019. He earned $ 30 million less than his Doral property in Miami, as he did in 2019. Revenue at the Trump International Hotel in Washington and the former President’s Turnberry property in Scotland were down. Over 60% year on year.
Those revenue blows preceded Trump’s actions (and the subsequent reduction) during the January 6 riots – a moment that led to his second impeachment by the House of Representatives and condemnation against him from around the political and business world.
“[Trump] The $ 421 million loan appears to be accounted for, with the majority coming within four years.
“Should they win re-election, their lenders may be placed in an unprecedented position of weighing whether a sitting president can be forecasted. Whether he wins or loses, he is likely to use his brand New ways have to be found – and its popularity to millions of Americans to make money. “
Trump did not win the reunion. Which means that any protections – or concessions – that financial institutions may be prepared to extend to a sitting president no longer exist. And with a brand badly damaged by his actions outside the White House and in the White House (culminating in his role in the January 6 riots) Trump’s earning power, particularly from new revenue streams, appears limited.
“When the project faced problems, it tried to get away from its huge debts. For most individuals or businesses, that would have been a recipe for waste. But tax-return data, other records and interviews show that Instead of going to war with the infamous. Litigants and headline-seeking customers, lenders smoothed out Mr. Trump – just as he seemed to be counting. “
The question lies ahead for Trump as to how much leverage he has over those who have that money. And how much water will he use to waste the law. Yes, those strategies worked in the past. But Trump’s position – legally and financially – has gone downhill since he left the White House.
The real question about Trump’s future is whether he can do it unheard by 2024. And this is a very open question right now.