The judge, however, lifted a ban on Trump’s ability to obtain loans from a New York bank, which could allow him to obtain the necessary funds
The judge, however, lifted a ban on Trump’s ability to obtain loans from a New York bank, which could allow him to obtain the necessary funds
Any bank lending to Trump is at high risk of losing money. He could’ve gotten a loan from any bank in any other state, right? How is having access to a bank in NY going to change anything?
Probably because they would accept Trump Tower and other NY assets as collateral. But any bank that actually did and tried to sieze them after he defaults would likely face years of lawsuits. Caveat emptor and all that.