Why Donald Trump's 40 Wall Street Was Struggling Even Before His Legal Woes

Donald Trump is facing a cash crunch. He admitted in a court filing on Monday that he does not have enough cash and cannot secure a bond to cover the more than $457 million he owes to New York state after being found liable in a civil fraud case. And his team has reportedly not ruled out declaring bankruptcy via certain entities.
If any of Trump’s companies were to declare bankruptcy, it seems most likely that it would be one tied to 40 Wall Street, his troubled skyscraper in downtown Manhattan. The building looks glamorous-ascending 63 stories above the Financial District, with a copper crown on top-but its finances are not pretty. That fact may not have been clear to New York Attorney General Letitia James when she spoke with ABC News in February about preparing to seize Trump’s assets if he didn’t pay in full. “I look at 40 Wall Street each and every day,” James reportedly said, of the building Trump has run since 1995.
The former president’s debt at the property totals roughly $120 million, and the loan matures in 2025. That means Trump will need to find a new lender or come up with the cash to pay it off at some point next year, shortly after he figures out some way to get his hands on the roughly $540 million he owes in fines and interest resulting from three civil lawsuits.
Read the full story on Forbes: www.forbes.com/sites/zachever...
0:00 Introduction
1:07 What Can Trump Afford Now?
2:10 The Latest With Trump's 40 Wall Street Property
4:07 Is There Any Hope Of Trump Fixing His Money Woes
7:26 Zach's Prediction For 40 Wall Street
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Пікірлер: 521

  • @aarenfourever
    @aarenfourever3 ай бұрын

    A "billionaire's" son is begging for $5.00 before this video starts....junior, try asking your brother'in-law for the $$$...

  • @Dfgzx12xyw

    @Dfgzx12xyw

    3 ай бұрын

    Only a fool living paycheck by paycheck would give his hard earned money to a rich billionaire. Then blame the others for his stupidity and struggles.

  • @user-ut7hh3zb2f

    @user-ut7hh3zb2f

    3 ай бұрын

    I'm so sick of seeing Junior and his ad.

  • @andreah6379

    @andreah6379

    3 ай бұрын

    Everybody keeps saying this but why would Jared do that? He knows that money he'll never get back--it's not looking good as far as the election is concerned. Screw the polls. Ppl know you take them with a grain of salt. This isn't a closely knit family at all. During all the civil trials, no family members at all! Narcissists don't do intimate relationships with anybody. It's all transactional. Nothing more. BTW: Jared is just as cold and stingy as the family he married into. He was also a slum lord. 😂

  • @wolfgangselle4307

    @wolfgangselle4307

    3 ай бұрын

    @@Dfgzx12xywand still a enough people do it. It’s insane that this people still do it. How they can send money to him that he can pay his legal bills? That’s insane!

  • @lynemac2539

    @lynemac2539

    3 ай бұрын

    ​@@Dfgzx12xyw And buy the head to toe uniform of the MAGA cult. He dresses them just like Heaven's Gate.

  • @BurrQ19
    @BurrQ193 ай бұрын

    He fooled Forbes for too long. Let's all wake up from his nightmare.

  • @stevenvox6549

    @stevenvox6549

    3 ай бұрын

    Forbes has always been a magazine for millionaires and billionaires. It's lot of puff pieces and the glorification of wealth - and not about ethics.

  • @thomasfarrow7053

    @thomasfarrow7053

    3 ай бұрын

    How gullible is Forbes - how many other Forbes 400 Billionaires have fooled them? What happened to good journalism?

  • @Mikesniezek

    @Mikesniezek

    3 ай бұрын

    All his properties are heavily burdened. His numbers are the best case non burden properties. Forty Wall needs upgrades. it's a mess inside.

  • @pseudonym745

    @pseudonym745

    3 ай бұрын

    Fooled Forbes? Quite foolish to believe that, isn't it? Also foolish to think at the end otd they don't all party on Epstein island...

  • @alfiourso4587

    @alfiourso4587

    3 ай бұрын

    He fooled Forbes…because all they care about is subscribers and he makes news, and, more importantly, he fooled AMERICA!! Whatever he touches, whoever he works with, gets screwed. Some people could have stopped all this if they’d followed their morals and not craved power.

  • @paulgreen5713
    @paulgreen57133 ай бұрын

    Latitia James "Grabbed him by his Assets"! When you're an AG, they let you get away with it! 😆 🤣 😂

  • @irishdream44

    @irishdream44

    3 ай бұрын

    by her standards what he did is okay, because she did the exact same thing? why is it okay when she does it if the isn't a double standard?

  • @yvonneplant9434

    @yvonneplant9434

    3 ай бұрын

    Lll

  • @yvonneplant9434

    @yvonneplant9434

    3 ай бұрын

    ​@@irishdream44WTF did she do that approaches Trump's fraud?

  • @BassicVIC

    @BassicVIC

    3 ай бұрын

    😂😂😂😂😂😂

  • @irishdream44

    @irishdream44

    3 ай бұрын

    @yvonneplant9434 Do I look like Google? I guess since you can't figure out how to you tube this question.. The lawsuit alleges that Doyle was given “fraudulently inflated valuations” of the townhouse, putting its market value at over $80 million. Dr. Cahill and the Society’s current President-General, James Normile, “made representations to [Doyle] that the building had ‘air rights’ and could be built, or rebuilt, higher than its current height. “In reality, there were no ‘air rights’ and the actual value is closer to $20 million. [The Society] made a gross over-valuation” of the townhouse, which induced Doyle to make the $3 million loan. “Tish James said, ‘nobody is above the law,’ which should include Tish James, who seems to have actively aided and abetted in the Art of the Steal,” Parlatore told The Post.

  • @richardrobeson5784
    @richardrobeson57843 ай бұрын

    he says he is rich to get more money then claims he is worth less in order to pay less money, right? imo he'd of been homeless without his daddies hand me down money, he is a fraud, always has been, same for his kids

  • @Chris.Davies

    @Chris.Davies

    3 ай бұрын

    He'd of?? o_O

  • @abc-bu7nr

    @abc-bu7nr

    3 ай бұрын

    Grammar police on the case😂

  • @JamesBrown-si8eu
    @JamesBrown-si8eu3 ай бұрын

    This is Forbes gradually stepping back from the loser.

  • @LadyElizondo

    @LadyElizondo

    3 ай бұрын

    They don't even refer to him as, "president" in their video titles anymore. 😂😂

  • @rstritmatter

    @rstritmatter

    3 ай бұрын

    Right. Let's remember that not very long ago, Forbes was still saying he had 400 million in his pocket. haha.

  • @Shadow_Banned_Conservative

    @Shadow_Banned_Conservative

    3 ай бұрын

    The Bidens?

  • @rickgiannini9322

    @rickgiannini9322

    3 ай бұрын

    Because he is not and never was president, just a bad entertainer/personality@@LadyElizondo

  • @natecarte6807

    @natecarte6807

    3 ай бұрын

    What about the Bidens?

  • @butchcassidy9625
    @butchcassidy96253 ай бұрын

    This is Forbes trying to save face" 😂

  • @mick8888V

    @mick8888V

    3 ай бұрын

    Just like Fox having one rational pundit

  • @nelsonsang
    @nelsonsang3 ай бұрын

    😅😅😅 Trumpers are mad at the news when is something they dont want to hear 🤣🤣🤣

  • @LiLDiddee

    @LiLDiddee

    3 ай бұрын

    and they are mad all the time.

  • @commonsense6967

    @commonsense6967

    3 ай бұрын

    @@LiLDiddeeJust wait till 7/1/24, when FL Epstein Grand Jury Proceedings become public info.

  • @kingvagar

    @kingvagar

    3 ай бұрын

    Yeah, the like & dislike in this video and other that have a report they don't want to hear (that is not Fox, OAN, etc.) prove your point.

  • @kelvinzero8704

    @kelvinzero8704

    3 ай бұрын

    Trumpers would get nothing but bad news except that their leader has convinced them it’s fake.

  • @Pbav8tor
    @Pbav8tor3 ай бұрын

    Last tim3 I listened to Forbes, yall said all his properties were free and clear, no mortgages. I think he's fooled you again.

  • @diamondlion47

    @diamondlion47

    3 ай бұрын

    b b but the live billionaire tracker!! 🤣🤣🤣

  • @SkyGemini-od4sb
    @SkyGemini-od4sb3 ай бұрын

    When you've been found "guilty", your crimes go from "alleged" to "did it".

  • @uio890138

    @uio890138

    3 ай бұрын

    Don’t sell our legal system so short, we have a well established appeals system that blocks malicious prosecution by partisan DAs and judges. You know where this kangaroo court judgment is headed,….

  • @saffronwetter2221

    @saffronwetter2221

    3 ай бұрын

    Who's been found guilty?

  • @uio890138

    @uio890138

    3 ай бұрын

    This verdict will be drop kicked by the appellate courts.

  • @robinmygrnt8681

    @robinmygrnt8681

    3 ай бұрын

    ​@@uio890138Doubt it. Every lawyer I have seen quotes from says hes SOL.

  • @kevscranes

    @kevscranes

    3 ай бұрын

    The crime of borrowing money and paying it back. Crazy country you have or should I say banana republic.

  • @Art_Martial
    @Art_Martial3 ай бұрын

    Legal setbacks? Is that the way you're spinning this ? Fasten your seatbelt, there are some more "setbacks" on the way.

  • @deborahboggs6040

    @deborahboggs6040

    3 ай бұрын

    most likely

  • @Shadow_Banned_Conservative

    @Shadow_Banned_Conservative

    3 ай бұрын

    That's what banana republics do.

  • @patrickdeshaw7666

    @patrickdeshaw7666

    3 ай бұрын

    ​@@Shadow_Banned_ConservativeI'll help you with the casino question you were asked--how do you bankrupt one? By opening two, which compete with each other and thereby reducing the profits of both. Who the F does that? Your hero, of course. Even banana republics aren't THAT dumb.

  • @TK-mf5in

    @TK-mf5in

    3 ай бұрын

    @@Shadow_Banned_Conservativenah…, this is a nation of laws. He had his day(s) in court.

  • @Art_Martial

    @Art_Martial

    3 ай бұрын

    @@Shadow_Banned_Conservative I agree, the maga Republicans are bananas.

  • @dyskover
    @dyskover3 ай бұрын

    Ain't it ironic when the loan shark can't pay his own 'vig'?

  • @jeanieologist4456
    @jeanieologist44563 ай бұрын

    He’s a liar he wants his supporters to foot the bill how pathetic

  • @essiebessie661
    @essiebessie6613 ай бұрын

    Haha Forbes trying to ride the fence and not doing is well.

  • @ramsey4630

    @ramsey4630

    3 ай бұрын

    It's called telling the truth. Unlike the fake forbes with red logo

  • @rotnbazturd7569
    @rotnbazturd75693 ай бұрын

    Take the golf courses first, they are backed by foreign "investors" ... get 2 birds with one stone.

  • @boostjunkie2320

    @boostjunkie2320

    3 ай бұрын

    Hopefully they come for you some day....

  • @MickeyMousePark

    @MickeyMousePark

    3 ай бұрын

    @@boostjunkie2320 huh? your comment does not make any sense..are you implying that @rotnbazturd7569 has committed crimes and law enforcement will come for him? or maybe you would like to see a law created that anyone with a (R) beside their name cannot be held accountable for their crimes.. You said "they" who are "they" you mean law enforcement? or maybe "they" are the courts going after a citizen for defamation..who once he lost that case continued defaming and lost a second time...

  • @rolandgraff414

    @rolandgraff414

    3 ай бұрын

    @@boostjunkie2320 they already have🇺🇸U.S. Taxpayer⚖️💪🇺🇸 The true freeloaders of the greatest country in the world. The millionaires & Billionaires. Karma Time💋🤡🇷🇺👺🥊

  • @boostjunkie2320

    @boostjunkie2320

    3 ай бұрын

    @@rolandgraff414 Ok cracked out weirdo....

  • @LiLDiddee

    @LiLDiddee

    3 ай бұрын

    and take Mar-a-Lago - its technically a club and not his home (according to his own agreement with the city of Palm Beach).

  • @JosePereira-kx1xl
    @JosePereira-kx1xl3 ай бұрын

    So clearly a house of cards. So much for the successful business man. Don is and has been a successful conman and grifter, but hopefully that will come to an end soon and he will spend the rest of his sorry life in prison and broke.

  • @bbqutie17

    @bbqutie17

    3 ай бұрын

    🤞🏽

  • @jimelliott6200

    @jimelliott6200

    3 ай бұрын

    Better not bet the ranch on that, Skippy. His net worth is about to double .

  • @stephenrogers2113

    @stephenrogers2113

    3 ай бұрын

    Jose you must be jealous

  • @leslieortenzi8875

    @leslieortenzi8875

    3 ай бұрын

    ​@@stephenrogers2113Ewww...

  • @robinmygrnt8681

    @robinmygrnt8681

    3 ай бұрын

    ​@@jimelliott6200He can't grift that much more from his cult.

  • @nickyd922
    @nickyd9223 ай бұрын

    The real question is does diaper don actually own anything at all? It seems to me everything is mortgaged up the wazoo and or leasehold

  • @jayl4082

    @jayl4082

    3 ай бұрын

    That's how the rich get rich. Look into it. Has gold tolit. Do you have a gold tolit.

  • @maryw3989
    @maryw39893 ай бұрын

    Surely you aren't saying that the guy that bankrupted his own Casino, frauded the students who went to his University and had to pay hush money to a porn star is bad at business? 😅😂🤣

  • @PerspectiveEngineer
    @PerspectiveEngineer3 ай бұрын

    debtors prison... Right after the fraud and corruption prison and then right after the traitor Guantánamo prison

  • @rolandgraff414

    @rolandgraff414

    3 ай бұрын

    ⚖️💪🇺🇸ride on🌏🌍🌎 Vote blue for the kids🙏✌️☘️

  • @Abmotsad
    @Abmotsad3 ай бұрын

    This can't be right. Forbes has been touting Trump's status as a billionaire for decades. There must be some mistake.

  • @billybobbocephus2177

    @billybobbocephus2177

    3 ай бұрын

    They took his word for it. He lies like a rug.

  • @JosephHuether
    @JosephHuether3 ай бұрын

    40 Wall is a nice building. The value of his properties would probably double if he simply took his name off them. He’s a horrible property manager and horrible businessman. Renegotiate the ground lease…this German company doesn’t want bankruptcy…take your name off it and sell a majority share to Vornado and let them manage it. 40 Wall Street would probably work well as a residential conversion. Rename it Matsui Tower (in honor of the architect) and market it to sentimental Japanese bankers.

  • @bullwinklemoose8291

    @bullwinklemoose8291

    3 ай бұрын

    Says the guy that's net worth is no doubt millions upon billions. But no doubt you know EXACTLY what you're talking about when it comes to property management of NYC prime.

  • @abc-bu7nr

    @abc-bu7nr

    3 ай бұрын

    ​@@bullwinklemoose8291lol Well your boy keeps losing

  • @beadsy-dl5up
    @beadsy-dl5up3 ай бұрын

    So 400 million bucks is a little bit of money according to that guy

  • @Abmotsad

    @Abmotsad

    3 ай бұрын

    To some people, 400 million is an ABSOLUTELY inconsequential amount of money. 400 million is less than 1/4 of 1% of Musk's net worth. It is noise in his checking account.

  • @FrankBurnham

    @FrankBurnham

    3 ай бұрын

    So, about 25 people? Is that 'the some' people you are referring to?@@Abmotsad

  • @Abmotsad

    @Abmotsad

    3 ай бұрын

    ​@@FrankBurnham Probably more than that. There are currently over 3000 billionaires in the world. Of those, about 200 have more than 10 billion. And - of course - it depends on what one means by "absolutely inconsequential". For a person with 10 billion dollars - as I pointed out out, there are hundreds of them - losing 500 million means that you still have 9.5 billion. So, is that "absolutely inconsequential"? To one's ego? Maybe not. But to one's genuine material circumstances? Yes. Long before you reach 9.5 billion, you have maxed out on the actual material benefits of wealth. And - of course - even those peasant billionaires with only a single billion can comfortably lose half of that and still eat pretty regularly. If you look up the word "some", the pertinent definitions in this case are: some determiner 1. an unspecified amount or number of. pronoun 2. at least a small amount or number of people or things. "Surely some have noticed" So, I think you'll agree that - even if the number were only 25, an inaccurate figure - what I said would be correct. Did you have a point?

  • @sammyprendergast6716

    @sammyprendergast6716

    3 ай бұрын

    400 million is a huge amount of fraud

  • @FrankBurnham

    @FrankBurnham

    3 ай бұрын

    You made my point. There are only 200 people who could say 400 million is a little bit of their money. That is about 0.0000000000000000000000001% of world population. Why would you stand by such a foolish statement? How outside the box are you? Must you fight everyone all the time? Friend. @@Abmotsad

  • @angusmorrison9433
    @angusmorrison94333 ай бұрын

    Let's make 40 Wall Street "affordable" housing with rent caps in place. NY should buy it at fire sale price and sell to highest bidder to retrofit it for green apartments for middle class workers.

  • @helmutschmitt4504
    @helmutschmitt45043 ай бұрын

    that’s a cool bowie poster. i remember it from my high school library.

  • @MickRhodes-ml5cm

    @MickRhodes-ml5cm

    3 ай бұрын

    Your attention to detail is commendable. Or my lack of attention is shocking.

  • @mauriceroberts8491
    @mauriceroberts84913 ай бұрын

    Being found guilty in court does not equal allegedly. Numnut.

  • @starsalign9336

    @starsalign9336

    3 ай бұрын

    Yeah, what would you call him? Fraudster? Fraud? Conman? Grifter?

  • @richardgoldman6907
    @richardgoldman69073 ай бұрын

    In a civil case the defendant is found liable , not guilty which is terminology used in criminal cases. He and his company were found liable for fraud and his ex CFO is going back to jail, having pled guilty to perjury , including his testimony in the fraud trial. The fraud is no longer alleged after a finding by the court.

  • @Thex-W.I.T.C.H.-xMaster
    @Thex-W.I.T.C.H.-xMaster3 ай бұрын

    Bankruptcy court here we come 🤑....

  • @jayl4082

    @jayl4082

    3 ай бұрын

    6 months he will have truth socal money

  • @davidfoster3427

    @davidfoster3427

    3 ай бұрын

    Going bankrupt won't help. . No bankruptcy protection against these judgements.

  • @YT-to6ok
    @YT-to6ok3 ай бұрын

    Wooden delivery of someone else's questions. His answers begged for follow up questions that were just left in the air. Pointless.

  • @jameswaffle7604
    @jameswaffle76043 ай бұрын

    Maybe bankruptcy #7 will be the charm!😂😂😂

  • @jeffschroeder4805
    @jeffschroeder48053 ай бұрын

    The owners of the land that the building sits on are in a wonderful position to purchase it. I can't imagine that anyone else would bid on the building burdened by that ground lease, so they should have little competition

  • @MickRhodes-ml5cm

    @MickRhodes-ml5cm

    3 ай бұрын

    I agree. They’d be buying a distressed building in a bad market. They’ll never get a better opportunity to buy.

  • @slumbercat
    @slumbercat3 ай бұрын

    I love his booze collection by his work desk :)

  • @dpcwing729

    @dpcwing729

    3 ай бұрын

    Makes his job easier to manage.😃

  • @davidmcleandamrecordings3673
    @davidmcleandamrecordings36733 ай бұрын

    Gotta learn the difference between allegedly and convicted of.

  • @steveelson2999
    @steveelson29993 ай бұрын

    I'm pretty impressed with your liquor cabinet in the background!😊

  • @dbrown2746
    @dbrown27463 ай бұрын

    Love the booze rack, guy has good 'taste' in that regard.... it's 10 in the morning and i need a drink after watching this

  • @michaelhayes7469

    @michaelhayes7469

    3 ай бұрын

    Likely a daily thing, get help.

  • @jimijames63

    @jimijames63

    3 ай бұрын

    I'm with you Maybe even some " medical" marijuana.

  • @placitas52
    @placitas523 ай бұрын

    I think CHUBB is going to get Trumped.

  • @michaelfoxbrass

    @michaelfoxbrass

    3 ай бұрын

    And you’re probably right. There are concerns about who backed CHUBB on that bond as well.

  • @dpcwing729

    @dpcwing729

    3 ай бұрын

    Nope. It's us taxpayers who's going to ultimately foot the bill. Chubb is insured through the Federal Insurance programme.

  • @traildoggy
    @traildoggy3 ай бұрын

    It's because he's a bad businessman who makes terrible decisions.

  • @donaldspaulding6973
    @donaldspaulding69733 ай бұрын

    This from the same "journalists" who reported incorrectly that he's a billionaire! LOL!

  • @VictoriaAlfredSmythe
    @VictoriaAlfredSmythe3 ай бұрын

    will be worth more after his name removed

  • @dera6347
    @dera63473 ай бұрын

    Why does a man worth $2 billion need financial help from those who can barely make rent? Those struggling to make rent will only struggle more if they give that Billionaire a few Dollars, however that billionaire will not face any life threatening outcome from this. Not having a place to stay, or not enough food, is a life threatening situation. If the impoverished can navigate this society, a billionaire will be fine if he losses a few pieces of property. After all, poor people are raising babies all the time, and that is not cheap, and these people only have 1 home, yet they manage to make things work. There is no logical reason a poor person should be giving a Billionaire anything in financial help. If anything, it should be the other way around.

  • @daniel12111211
    @daniel121112113 ай бұрын

    “When you are A.G. they let you do whatever they want. You can grab them by the assets.” -Letitia James

  • @ssgtmole8610
    @ssgtmole86103 ай бұрын

    Is Forbes going to print corrections about all of the articles claiming the orange one was actually a Billionaire, when he wasn't?

  • @dwtbrown
    @dwtbrown3 ай бұрын

    It's a lease he doesn't own it. He has to pay, in addition to the taxes, more than the revenue that is winding down lower. It needs major repairs and the tenants are leaving as the leases come up for renewal. Oh, and he owes $160mil on it. Beautiful landmark on the outside though.

  • @geofflewis8599
    @geofflewis85993 ай бұрын

    ..No, 40 Wall St owes more than could got out of it...

  • @daveschmarder-1950
    @daveschmarder-19503 ай бұрын

    He better hope that his gold crapper doesn't get clogged. I don't think he could afford a NYC plumber.

  • @carstenthies9597
    @carstenthies95973 ай бұрын

    The biggest problem is that if the properties get sold CGT will apply.

  • @starsalign9336

    @starsalign9336

    3 ай бұрын

    CGT?

  • @cgriebel1

    @cgriebel1

    3 ай бұрын

    Capital gains tax. This is a legit concern. More headaches for the orange man. @@starsalign9336

  • @joannesmith1175

    @joannesmith1175

    3 ай бұрын

    ​@@starsalign9336 Capital gains tax

  • @carstenthies9597

    @carstenthies9597

    3 ай бұрын

    Capital Gains Tax?@@starsalign9336

  • @mlk0655
    @mlk06553 ай бұрын

    That's a man who's upfront about his addiction

  • @kooale
    @kooale3 ай бұрын

    A liquor store on display during the interview? Really? Forbes?

  • @jcoop3442
    @jcoop34423 ай бұрын

    Alleged crimes?

  • @rosssimpson6268

    @rosssimpson6268

    3 ай бұрын

    Fraudulent accounting in order to get redued loan rates! Not actually 'criminal' but a breach of the law! Likely to be some tax fraud as well, but that hasn't been id-ed (yet!). FWIW the specific law is Executive Law 63(12). It was created to protect the integrity of New York as a Financial Centre (or Center for you Yanks!)!

  • @joannesmith1175
    @joannesmith11753 ай бұрын

    Britney looks like a high school cheerleader 😂

  • @lynnhensley4326
    @lynnhensley43263 ай бұрын

    Take the plane so rump has to buy a ticket for a commerical airline. He can travel with the common people.😅😅😅

  • @thedude1666
    @thedude16663 ай бұрын

    Time for Buttercup to payup.

  • @antrygis1
    @antrygis13 ай бұрын

    The former president’s debt at the property totals roughly $120 million, and the loan matures in 2025.

  • @leonadams1053

    @leonadams1053

    3 ай бұрын

    That makes him smart.

  • @davidfoster3427

    @davidfoster3427

    3 ай бұрын

    @@leonadams1053 That makes 120 million less he can leverage. The rest of his portfolio probably looks the same He has called himself the "King of debt". Well this is one debt he can't default on.

  • @oicind432
    @oicind4323 ай бұрын

    How tf is real estate less low in value when everyone else real estate is high as it’s ever been 😊

  • @natgasf7236

    @natgasf7236

    3 ай бұрын

    Office space is in a big downturn due to employees working remotely since the pandemic.

  • @mrscottygreenwood

    @mrscottygreenwood

    3 ай бұрын

    And quite a few of them buildings leases are coming due in the summer and nobdy to renew them for

  • @LadyElizondo

    @LadyElizondo

    3 ай бұрын

    If two or three different companies hold a lean or mortgage against real estate, the buildings are old and poorly maintained and they're not making rent money, the value of a building can slide down really fast.

  • @amg5656

    @amg5656

    3 ай бұрын

    Evidently you haven’t heard of the crisis in commercial real estate

  • @chriskenne8700
    @chriskenne87003 ай бұрын

    This guy likes his alcohol 😂😂😂

  • @captiannemo1587
    @captiannemo15873 ай бұрын

    So much tight rope walking… it’s depressing.

  • @shinebright2898
    @shinebright28983 ай бұрын

    Why does Don Jr. Have jet black hair like dracula?

  • @davidbiddle3257
    @davidbiddle32573 ай бұрын

    Having Don Jr asking for money before this segment started is an obvious miscalculation on the part of KZread! LOL😅

  • @TheDavidlloydjones
    @TheDavidlloydjones3 ай бұрын

    Most embarassing hang-the-cub-reporter-out-to-dry since Clark Kent faced puberty in a phone booth.

  • @Iwasshocked
    @Iwasshocked3 ай бұрын

    First time I have seen a presenter with a liquor shelf in his office

  • @michaelhayes7469

    @michaelhayes7469

    3 ай бұрын

    Grow up.

  • @jeanieologist4456
    @jeanieologist44563 ай бұрын

    No bank is going to give him money

  • @perniciousprogressive8333
    @perniciousprogressive83333 ай бұрын

    The State of NY isn't acquiring gump property to manage, they are simply ordering it to be auctioned in order to satisfy his debts. That means that the bank that was dumb enough to lend gump 120 million for the building will be bidding to protect their "investment", but that's where the property's REAL value will he established. If that is only enough to cover the existing mortgage, oh well, the State of NY just moves onto the next trashy gump property and the next auction. If market conditions, an onerous lease, and gump's usual substandard construction creates a synergy that beats the value down that's just tough cupcakes. This is a scene that's going to play out repeatedly across all of his over-leveraged garbage properties. Let us also not forget that most of the reporting (including here) includes a rash of false financial details that were provided by the convicted frauds. 40 Wall St. was reported by gump as beingv97% occupied? Yeah, right! Only an absolute imbecile would ever believe that.

  • @quakerninja
    @quakerninja3 ай бұрын

    I look at 40 Wall Street on Friday I look at 40 Wall Street on Saturday I look at 40 Wall Street on Sunday I look at 40 Wall Street on Monday

  • @chesterthawkins7510
    @chesterthawkins75103 ай бұрын

    40 Wall Street is impressive and beautiful.

  • @lindakelley2676
    @lindakelley26763 ай бұрын

    Former "traitor, thief and conman". Hes not worthy to be addressed as "president" now or ever.

  • @stevemack7110
    @stevemack71103 ай бұрын

    Most people have books on their shelves, he's got booze. I guess Forbes reporting drives you to drink.

  • @lifeofrileythegoldenretrie4827
    @lifeofrileythegoldenretrie48273 ай бұрын

    Hope James takes it all

  • @starsalign9336

    @starsalign9336

    3 ай бұрын

    The actual taxpayers of New York getting Rump Tower and Mar a Lago and all the golf courses and other properties would be sweet justice and fitting indeed.

  • @7scientist
    @7scientist3 ай бұрын

    Sell it cheap, who cares?

  • @richietattersall2122
    @richietattersall21223 ай бұрын

    The amount is not going to get "knocked down" and if he hadn't been playing financial games for DECADES, none of this would be happening, he did and now he's getting slammed for doing it. Crying that he can't come up with that amount of money that quickly is not their problem, it's the Law. That makes it his problem for breaking it, not theirs for enforcing it. I dare anyone to try to "work out a deal" paying a speeding ticket, a person has a "window" to pay for it They are both Civil Offense's, the same laws apply.

  • @scottshaw2143
    @scottshaw21433 ай бұрын

    I will have a Whiskey sour please.

  • @Notawhitchhunt
    @Notawhitchhunt3 ай бұрын

    I think a new book is in order the Art of the Deal, destined for failure

  • @signalfire6
    @signalfire63 ай бұрын

    Fake questions, obvious answers. How many years did you believe his endless bragging, all because his high levels of insanity demanded he stay on your idiotic list????

  • @satnav6582
    @satnav65823 ай бұрын

    Padlocks and chains are ready......

  • @southernmuscllman
    @southernmuscllman3 ай бұрын

    Good one !

  • @MariaVictoriaGarciaAzuero
    @MariaVictoriaGarciaAzuero3 ай бұрын

    Chip in Ivanka, Jared and all siblings. Stop asking we the poor

  • @mikekenney1947
    @mikekenney19473 ай бұрын

    Assets? BS this is all OPM

  • @diskdrive123
    @diskdrive1233 ай бұрын

    Hey I'm going to quote an article, can you tell me if its yours. I just never figured out how to read or source credits.

  • @chrisdsouza8685
    @chrisdsouza86853 ай бұрын

    Excellent research 👌

  • @masterdog65
    @masterdog653 ай бұрын

    Why would anyone want to stay there

  • @bobmac004
    @bobmac0043 ай бұрын

    Whatever happened to the old days when journalists used to ask their guests questions. Now it's "talk to us about ....." It's just lazy journalism

  • @SailBale007
    @SailBale0073 ай бұрын

    This guy sure likes his booze… looks like he likes to party. A lot!🤣

  • @RWROW
    @RWROW3 ай бұрын

    Guess we'll find out if commercial real estate really is a difficult asset to sell at a good price soon.

  • @garyjohnstone6422
    @garyjohnstone64223 ай бұрын

    Feb 15 (Reuters) - The U.S. Securities and Exchange Commission allowed Donald Trump's media and technology company to merge with a blank-check acquisition vehicle in a deal that currently values the parent of his social media app Truth Social at as much as $10 billion.

  • @Paul-ew5st

    @Paul-ew5st

    3 ай бұрын

    A month later that value was nothing

  • @brianphillips7696

    @brianphillips7696

    3 ай бұрын

    The sec has notably been co-opted for a long time. They used to be respectable but now they frequently let the presumed rich get away with whatever they want because interfering by doing their job would be “socialist “.

  • @michaelhayes7469

    @michaelhayes7469

    3 ай бұрын

    It just dropped by 30%, RUN!!!

  • @davidpvt6817
    @davidpvt68173 ай бұрын

    EXCUSE ME MR PERDENTE, BUT NO CRIMINALS ARE ALLOWED TO DO BUSINESS IN NY STATE???????

  • @deeyates226
    @deeyates2263 ай бұрын

    🎉🎉VOTE BLUE🎉🎉UP/DWN THE BALLOT🎉🎉

  • @danielrussell9416
    @danielrussell94163 ай бұрын

    He doesn't own anything. All of these properties are mortgaged and some are partnerships. He has lots of debt and very little wealth.

  • @PolyThumper
    @PolyThumper3 ай бұрын

    Triggered Magaholics on here are very mad that some reality is busting through the Bubble.

  • @Puzekat2
    @Puzekat23 ай бұрын

    Two. Quotes from his book and they weren’t his words. And the “writer” of the book is being interviewed from a massive pile of liquor.

  • @Raxman263
    @Raxman2633 ай бұрын

    Awful lot of booze in this guys frame.

  • @massiahgrom
    @massiahgrom3 ай бұрын

    Forbes is selling magazines . Remember that . They have made many blunders .

  • @garygrant895
    @garygrant8953 ай бұрын

    Easy Fix. Lock him up. He's a felon on the loose. He should be in jail now.

  • @kentam5361
    @kentam53613 ай бұрын

    King of debts is in a hole. Now he is also King of judgment debts. The guy is just too arrogant thinking he was above everything. His downfall is inevitable.

  • @catpaladin1

    @catpaladin1

    3 ай бұрын

    We will have never seen anything like it

  • @vmlinuxz
    @vmlinuxz3 ай бұрын

    Is he loses his property All of these conservative sites are going to start saying how it's such a good thing that he's able to get rid of everything lol.

  • @rosssimpson6268

    @rosssimpson6268

    3 ай бұрын

    Their Spin Doctors probably already have several responses written to cover the various possible consequences. I'm picking that he actually fronts up with (at least some) cash - though hoping not!

  • @yoswifty303
    @yoswifty3033 ай бұрын

    Unfortunately, you stood with the traitor of the century. Now I can’t believe you falling back. Too late

  • @Seytom
    @Seytom3 ай бұрын

    How much equity does he have in these properties? Haven't heard anyone address this basic question.

  • @celtekrider2
    @celtekrider23 ай бұрын

    $500 million bond should be investigated!

  • @PolyThumper

    @PolyThumper

    3 ай бұрын

    No one wants to post a $500 million bond for Don the Con because he's - a con finally getting his just deserts.

  • @michaelfoxbrass

    @michaelfoxbrass

    3 ай бұрын

    What?

  • @michaelhayes7469

    @michaelhayes7469

    3 ай бұрын

    ​@stevelangan1277 why not?

  • @michaelhayes7469

    @michaelhayes7469

    3 ай бұрын

    ​@@michaelfoxbrassreally????

  • @user-lf4ux7dm7g
    @user-lf4ux7dm7g3 ай бұрын

    "But, Daddy! You said fraud was just creative accounting!" - Princess Ivanka

  • @kevindamian8580
    @kevindamian85803 ай бұрын

    Even trump's kids who are multi millionaires aren't loaning him a dime. I wonder why.

  • @DuckDodgers69
    @DuckDodgers693 ай бұрын

    The orange menace is paying for ads in this video on KZread

  • @richardbernard6845
    @richardbernard68453 ай бұрын

    The eyes are the windows into one's mind. When you look into his soulless, evil eyes, you see all you need to see of the character of the man behind them.... For our democracy and the well being of our nation, he must never under any circumstances be allowed into our White House ever again.

  • @presw2pw123
    @presw2pw1233 ай бұрын

    This story is saying the lease on 40 Wall Street is only $2.5mil/year?

  • @johnnull8689
    @johnnull86893 ай бұрын

    havent you heard that he just sold truth social or if he didnt sell it he has 4 billion dollars coming to him in 6 months.