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New story by Liz Dye up.

“ In plain English, when the Trump Organization couldn’t pump out fantastical valuations for its assets, it started putting out SFC-Lites, because the accurate figures were either horribly embarrassing or too low to meet the lenders’ net worth and liquidity requirements. And that’s before Trump had to find half a billion dollars in cash to stave off collection efforts by NYAG Letitia James and E. Jean Carroll!”

https://open.substack.com/pub/lawandchaospod/p/trumps-fake-it-til-you-make-it-empire

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