Trump Organization Licenses Rescinded, Assets Could Be Sold Off Following Fraud Ruling

Judge ruled Trump's business empire was built on fraud, rescinded licenses of Trump Organization companies.
Trump properties could be sold off by court-appointed receivers, starting with prestigious assets like Trump Tower.
Dominoes may fall as properties discounted, employees give info, Trump loses control.
Expert says "sugar daddy goes away" as Trump loses wealth and influence from asset sales.
Self-inflicted downfall for Trump as he loses ability to do deals and scams without licenses.

theguardian.com

Relevant topic timeline:

8/21/2023

China Is on Edge as Fallout From Its Real Estate Crisis Spreads

China's real estate crisis, caused by a crackdown on risky behavior by home builders and a subsequent housing slowdown, is spreading to the broader economy, leading to sinking sales, disappearing jobs, and a decline in consumer confidence, business investment, and stock markets.

9/24/2023

Commercial Real Estate Collapse Threatens Regional Banks and Small Businesses

Kevin O'Leary warns of a potential collapse in the commercial real estate sector, which will have detrimental ripple effects on investors and small business owners due to vacant office spaces and regional banks' exposure in commercial real estate.

9/27/2023

Trump ruled to have committed financial fraud; Government shutdown threat looms; Menendez pleads not guilty; Ohio abortion ban heads to court; U.S. soldier expelled from North Korea back in custody

A judge has ruled that Donald Trump's business empire was built, in part, on fraud, and the decision may lead to the cancellation of certificates allowing some of Trump's businesses to operate in New York.

10/2/2023

Commercial Real Estate Faces Rocky Road Ahead Due to High Interest Rates and Remote Work Trends

The commercial real estate market is facing a severe collapse driven by high interest rates, declining property values, and looming debt defaults, with investors predicting a recovery only after a crash.

10/15/2023

China's Fading Economic Boom Signals Painful Adjustments Ahead

China's economic growth model, built on real estate speculation and debt, is starting to unravel as the property market collapses and other sectors show strain, leading to shrinking demand, unstable supply chains, and a more precarious global economic landscape.

10/27/2023

America Faces Looming Commercial Real Estate Crisis As Offices Empty and Loans Default

America's commercial property collapse poses a growing risk to the financial system as office buildings purchased with debt remain half empty and thousands of buildings may need to be torn down, leading to crippling losses for regional banks that have yet to be acknowledged and a potential systemic crisis.

Topics

Posted 9/27/2023, 5:41:00 PM