General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump organization requests financial relief
Keep an eye on this one because each of his golf clubs are funded by membership dues plus all hotels and resorts in the United States will fit into the SBA Loan assistance program like the rest of Americas small business will have to deal with. All businesses off shore, well he needs to see Putin about aid for those.
[link:https://www.rawstory.com/2020/04/nightmare-scenario-that-everyone-predicted-as-millions-struggle-to-meet-basic-needs-trump-organization-requests-financial-relief/|
BigmanPigman
(51,611 posts)"Other companies may be able to tap into a $500 billion rescue fund that will be administered by the Treasury Department. But the economic bailout package, which Mr. Trump signed into law last week, specifically barred the president and his family from access to that money."
"Yet the company, which has a portfolio of more than a dozen golf clubs and luxury hotels in the United States and overseas, has opted to keep some of its properties open absent government orders to close, in contrast with the widespread shutdowns by some larger hotel chains."
"Mr. Trump has at times in the past tried to take advantage of crises to get out of his debts."
"In November 2008, he owed hundreds of millions of dollars on a loan from Deutsche Bank that financed the construction of the Trump International Hotel & Tower in downtown Chicago. Mr. Trump told Deutsche Bank that he considered the financial crisis to be a contract-voiding act of God. He sued the bank, blaming it for the crisis and for engaging in predatory lending by trying to collect on the loan, and sought $3 billion in damages."
https://www.nytimes.com/2020/04/02/business/economy/coronavirus-trump-company-finances.html
Under The Radar
(3,404 posts)Which I know he has ignored but I think his attorneys are concerned about the suit coming up on his DC Hotel which he is now trying to sell the lease on.
Too late for another impeachment trial though.