Humpty*** is broke

Discussion in 'Humor & Satire' started by Bush Lawyer, Mar 4, 2024.

  1. Eclectic

    Eclectic Newly Registered

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    No, you just add up all the pieces to get to the total of Trump's assets and liabilities.
     
  2. Bowerbird

    Bowerbird Well-Known Member

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    Which, thanks to his obfuscation is difficult to do
     
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  3. MiaBleu

    MiaBleu Well-Known Member

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    Hyperbole and Obfuscation: Thy name is Donald. ;-)
     
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  4. Bush Lawyer

    Bush Lawyer Well-Known Member

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    No. Does not work that way if there is that firewall system. If A apples for a loan, he cannot give the Bank the assets of B as collateral unless B agrees and if that happens, there goes the firewall between A and B.
     
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  5. Eclectic

    Eclectic Newly Registered

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    Correct in that demands between the LLCs are prevented. But if the Trump Organization LLC owns LLC A and LLC B, then the Trump Organization can get money from each. However, if LLC B goes bankrupt, the creditors cannot get money from the Trump Organization or from LLC A.
     
  6. Bush Lawyer

    Bush Lawyer Well-Known Member

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    Yes we know, but that is not what we were talking about. You were lumping his assets together and then moved posts with the firewall comment. If we go the firewall way, he can use one asset in LLC A to get a loan, but might fail to get it unless he also puts up the assets of LLC B, thus the firewall is knocked down.
     
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