Kurt Eichenwald says there are sharks underneath.
…in fact, if even the smallest bit of this case is true, I think the Trump Org could be dead. It's complicated, but it primarily pertains to the 12th count of the indictment.
Taking this a step at a time: Like most real estate companies, the Trump Org is horribly illiquid…2
— Kurt Eichenwald (@kurteichenwald) July 1, 2021
… Read the rest…this means it cannot readily convert its assets into cash as needed.
Worse, because of the incredible incompetence and business idiocy of Trump, cash on hand (and access rapid loans through what is known as the commercial paper market) is small. So, the company survives on loans against assets.
Trump originally depended on bank loans,