12-10-2022, 10:32 PM
This is moral failure, and not a full collapse. The Trump organization has been convicted of seventeen counts of tax fraud. I cannot assume that this will lead to dissolution, but businesses that do tax fraud not only face restitution and fines, but also the perception that they may also commit accounting fraud. CPA firms and lenders look unfavorably upon such.
Most giant enterprises are highly leveraged, and I would expect such to be so for the Trump organization. Such organizations would die without the ability to get financing as loans and low-interest debt. It might not be long before the Trump organization is worth more dead than alive.
Most giant enterprises are highly leveraged, and I would expect such to be so for the Trump organization. Such organizations would die without the ability to get financing as loans and low-interest debt. It might not be long before the Trump organization is worth more dead than alive.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.