this post was submitted on 07 Mar 2024
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He can sell, unless there’s some really hokey contract clause with local/state government regarding continuation of service or whatever.
He doesn’t want to sell, and not at the discount rate a quick sale like this would require. He screwed himself on getting loans even before the judgement blocking financing the penalty, what banker would look at an adjudicated conman, with a history of non-payment even when court ordered, and seriously present half a billy as a good investment for their fund/shareholders?
I think you'd have to be stupid to get involved with Trump financially. Even if he secures a loan with assets a) he's likely inflated the value of those assets, b) who knows how many other loans he's used the assets as collateral for, and c) if you have to repossess Trump assets you know that he will either smear shit on the walls on his way out or will sic his cult on you. Oh and d) if he wins the election, there's a decent chance he's going to alter the deal and you better pray he doesn't alter it further.