Tim O’Brien: “Donald Trump, the self-described multibillionaire and ‘king of debt,’ said he doesn’t have enough cash on hand to appeal a $454 million civil fraud judgment against him. Embarrassing, of course. But his empty pockets also raise the possibility that his collection of urban real estate, golf courses and snake oil may be headed for a brutal financial squeeze.”
“Trump’s predicament is also the latest reminder that his financial challenges make him a national security threat — something that has been a reality ever since he was elected president in 2016. He’s always been willing to sell his name to the highest bidder. There’s no reason to believe that Trump, whose businesses collected millions of dollars from foreign governments and officials while he was president, won’t have a for-sale sign out now that he’s struggling with the suffocating weight of court judgments.”
