Analysis: Reminder: Donald Trump’s legal and financial problems are still very serious
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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.”

I missed thursday reading Joan Biskopik has a great job about the ongoing delays in the Supreme Court. As to whether Manhattan District Attorney Cyrus Vance could gain access to Trump’s tax returns and financial records. Trump’s team of attorneys continue to fight to release the records, which are expected to be filed briefly next month, so that the court asked to hear oral arguments on the appeal.

Whether or not Trump prevails in this specific case, he still faces legal problems. from them:

1. How the New York Attorney General’s Office is looking at the Trump Organization Value your property.
2. Defamation lawsuits E. Jean carroll And Summer Zervos.
3. A Fraud case Filed by Trump niece Mary Trump.
4. A Abetment charge By DC Attorney General for Trump’s role in the January 6 riots in the US Capitol.
5. Double check Trump’s officials, under pressure from Georgia, elected officials to reverse the state’s election results.
(A piece of good legal news for Trump, suing him about alleged violations of the cease-fire while serving as president Last month the Supreme Court rejected Because, well, Trump is no longer in office.)

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.

According to financial disclosure documents released hours after Trump left the White House last month, A. Former President’s Anonymous Company Reaches A Larger Income Than Last Year.

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.

And Trump’s money situation was already, um, not good. Consider what we know about his financial situation on his tax return through The New York Times. As noted by The Times’ David Leonhardt Before the 2020 election:

“[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. “

The Supreme Court is still sitting on Trump's tax return, and is being asked why the justices are saying

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.

If a prelude to the past, Trump’s approach to this growing cloud of legal and financial troubles would be to sue and compromise his way. This, than The New York Times about a Chicago skyscraper Created by Trump which led him to invest $ 287 million in unpaid debt as of 2010, reflecting that point:

“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. “

Trump regularly brags about his skills in this regard. “Does anyone know more about litigation than Trump?” Trump said about himself On the campaign trail in 2016. “I’m like a PhD in litigation.” That same year, Trump told CBS ‘Nora O’Donnell: “I am the king of debt. I am greater than debt. No man knows a better debt than me. I have made a fortune using debt, and if things do not work I repay the debt again.” I mean. It’s a smart thing, not a silly thing. “

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.

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