Chattanooga Times Free Press
Trump debt problem now in hands of son
Why is Donald Trump Jr. now solely in charge of the Trump Organization?
It’s a precarious season for the Trump Organization.
[Longtime chief financial officer Allen] Weisselberg, charged with 15 felony counts, shares the monumental shame with Trump, who is now attempting to sell properties, including his Washington hotel, to meet the organization’s debts.
When times are tough and money’s hard to come by, Trump’s time has arrived to navigate more than $1 billion of debt that is rapidly coming due from those formative years, and more than half is personally guaranteed by Trump.
So, without Weisselberg to spin the books, he needs his next best swindler. Junior will no doubt appear to get them out of debt while excavating more.
Trump’s in an irrevocable financial situation, and he knows it.