Donald Trump’s hope of a financial bailout goes down the tubes
Donald Trump appears to be trying to stall his obligation to pay around $ 500 million dollars in damages in his New York fraud and libel cases. He seems to think that a magic golden ticket will come his way if his Truth Social media platform is purchased by an outside shell company that is currently negotiating the deal.
It looks very questionable whether Trump is actually going to get any kind of an offer enough to bail him out of his enormous New York court judgments.
The Midas Touch broadcast today showed a page from the Trump special purpose acquisition, (SPAC) filing that he must make prior to any acquisition of his business.
On page 132 of the disclosures, it is stated that “a number of companies that had license agreements with President Trump have failed. There Can be no assurances that TMTG (Trump’s company) will not also fail.
The statement is supported by a great number of business failures by Trump, starting with Trump Shuttle in 1992, Trump University in 2011, Trump Vodka in 2011, Trump Mortgage in 2007, GoTrump.com in 2007, and Trump Steaks, in 2007.
This disclosure doesn’t even take into account the many other business failures of Trump, including Atlantic City casinos, and his filings for bankruptcy.
It would seem that any potential buyer of Trump‘s Social would be better off making an offer to purchase the Brooklyn Bridge.
