What? Won’t creditors accept real estate as security from a man found guilty of fraudulently overvalue his real estate in orde to use as security for the exact purpose of lending more money in a money lending scheme? Shocking!
I wonder, though: if the state of NY expropriate real estate to sell to highest bidder and those auctions fail to meet market value, won’t that create chain reactions? A) the creditor(s) which had that particular building as security will see the value of their asset turn to zero because of negligence from their customer “billionaire”, which should open for a case against Trump for both immediate repayment of the loan and subsequent damages, and B) send a clear signal to all other creditors that they need to secure their assets asap?