Donald Trump really hopes that one day he will be president again. However, this is very unlikely for a number of reasons. Now the former president is back in his business career.
And despite his claims to the contrary, Trump is not a very good businessman. And after the uprising he instigated on January 6th, his “brand” made it even more toxic than before. According to former Watergate investigator Jill Wine-Banks, this could doom the entire Trump organization.
Wine-Banks made the comments during an interview with MSNBC’s Alicia Menendez. She said to the host: “Its popularity has fallen sharply, ”said Wine-Banks. “Its properties are of lesser value now. Many buildings take the Trump name from them because it discourages people, either playing golf on its golf courses or discouraging people from buying condominiums in its buildings. “
The former investigator continued: “Think of the bank loans that we know are coming due and his income has gone down as best anyone can tell from the reports. So where does he get the money to repay those loans and now many banks are simply not going to give him any more loans. So how is he going to change the source of income to repay the original lender with new lenders? “
Wine banks concluded:
“So it could wipe out the Trump organization completely. There are some questions about real estate fraud and how people who have bought condominiums are scammed. All of that goes up and eventually you run out of money. So he should not only be concerned about whether he will be charged with a crime and whether a jury will convict him, but also because he is bankrupt. “
Todd Neikirk is a New Jersey-based policy and technology writer. His work has been featured on psfk.com, foxsports.com and hillreporter.com. He likes sports, politics, comics, and spends time with his family on the waterfront.