• reddig33@lemmy.world
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    11 months ago

    I wonder if he has assets the bank could seize? If they gave him loans without collateral, then they are idiots.

    • FuglyDuck@lemmy.world
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      11 months ago

      banks don’t offer a billion in loans without collateral.

      even with the NY trump fraud case… the core of the problem is that his collateral was over valued and inflated. there are definitely assets the bank will be seizing. they may or may not be way over inflated because this dude is a grifter, but details.