we ll have to see how this plays out. but any business that has an accountant head for the exit is in a lot of trouble. it means it s hard to raise fresh funds. it means it s hard to get a new accountant in the door. it means it s hard for other people to feel confident about doing business with you. that all is magnified when you re in the real estate business, because the life blood of any big real estate enterprise is bank loans. they all are heavily indebted, and even in an industry in which most of the players are heavily indebted, donald trump has always been more heavily indebted than most. and in his case, he s got about nearly $600 million in short-term debt that he s going to need to refinance over the next four years. half of which he s personally guaranteed. and it s going to be very hard for him to find other banks that are going to be willing to help him roll those roll that money over and make it easier for him to pay the loans back.
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