It has taken a long time.

For years, most of the American public has been awaiting some kind of accountability, some retribution for the fact that Trump seemed to always escape consequences, whether it was shady business practices, blatantly illegal use of his office as a political tool, all the way to credible accusations regarding assaulting women, he never faced real consequences. Bankruptcies served as the most tangible form of punishment, and nowhere near severe enough.

But tomorrow it might all come crashing down. To be clear, indictments do not equate to guilt. We presume everyone is innocent until a verdict is rendered. But in business, as in life, indictments can have personal consequences and this is never more true than with a corporation.

According to Forbes:

“I can’t underscore enough how devastating an indictment would be to the Trump Org,” tweeted Daniel Goldman, a former assistant U.S. attorney in the Southern District of New York who prosecuted mafia families and insider traders. “Every lender would call their loans and no way Trump Org can pay them all, likely leading to bankruptcy.”

“That would be almost a death blow to the Trump Organization,” Mr. Goldman told MSNBC’s Nicolle Wallace. “No bank will ever do business with an indicted company.”

The business “partners” would want to get out early, prior to convictions, so as to not get themselves caught up in possible criminal business practices.

The Trump Organization, which includes the president’s hotels, resorts, golf clubs and real estate holdings, is at least $1 billion in debt, according to a bombshell Forbes investigation from October 2020. About two thirds of that debt load is carried across Trump’s real estate portfolio in New York and San Francisco.

Another roughly $370 million in debt is spread between three of Trump’s hotels. The company owes Deutsche Bank a reported $170 million for the Trump International Hotel in Washington D.C; $125 million for Trump National Doral in Miami; and more than $75 million for Trump International Hotel & Tower in Chicago.

Yes, so he is already in massive debt. The working theory had always been that he ran for president to increase the strength of his brand, with no realistic hope of winning. Upon winning, he likely believed he did such a good job and could steer enough money toward his property that he could still salvage his dire financial situation.

It is questionable as to whether he could have saved himself after January 6th even without indictments. But for those who have waited so long for consequences, we appear to be one day away.

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