The Former Trump Accountants Have Scorched the Earth Beneath His Feet

by | Feb 15, 2022 | Politics & Corruption, Quick Facts

Photo by USGS

The Former Trump Accountants Have Scorched the Earth Beneath His Feet

by | Feb 15, 2022 | Politics & Corruption, Quick Facts

Photo by USGS
The Trump accountants have not only fired him, but invalidated 10 years of his financials. Legal analysts also conclude that Mazars is fully cooperating with the New York AG in her investigation into the Trump Company.

There is a familiar story of a formerly rich man asked by an acquaintance how he went bankrupt. His response was “Slowly at first and then very quickly.” Of course in the business world no one has had more practice at this than Donald Trump. But his long road of being a “billionaire” with other people’s money may have hit a final pothole—or sinkhole.

In firing Trump and his company as clients, Mazars letter of February 9th, declared that his financial records going back 10 years could not be relied upon for accuracy.

What does this mean? One thing for sure is that bankers who issued loans to Trump’s company are having panicky conferences about how much bad paper they may be holding. Add to this the strengthening of various investigations into Trump for fraud and other criminality and we can see that we are witnessing an acceleration of his decline.

More and more of the blinders that have existed around Trump and his business practices are being stripped away. And with the loss of each one of these his patterns of behavior over the past years come into sharper focus. As we have written—pretty often—Trump behaves like a standard garden variety criminal. He points blame at others for what look to be his own actions. And with the Mazars story breaking—expect a lot more to come out—Trump turned up his rhetoric of distraction. Over the past few days he restarted his accusations against Hillary Clinton and Democrats “spying” on his campaign and calling for her execution for espionage.

Of course, to anyone attuned to his accusation factor, recollection goes back to the day when he met with Russian Foreign Minister Sergei Lavrov, and Ambassador Sergey Kislyak in the Oval Office. Humor outlets called the photos of the meeting—only available from Russia’s Tass at the time—as a meeting between three Russian spies. His accusation of espionage against Clinton tells us the humorists were pretty much on the mark.

What’s going on below the surface is probably total turmoil in Trumpland and the methodical weaving of the noose—or straight jacket—in the office of the New York Attorney General Leticia James.

Heather Cox Richardson wrote yesterday:

“…it appears that Mazars is now working with James’s office. Last month, James’s office alleged that there is “significant” evidence that the Trump Organization manipulated asset valuations to obtain loans and avoid taxes. Now Trump’s accountants appear to be working with her office and have said that Trump’s past ten years of financial statements “should not be relied upon.”

It has not been much of a surprise that criminal activity and Trump are closely related. He apparently has some idea that laws don’t apply to him on any front—like taking 15 boxes of documents belonging to the government to Mar-a-Lago, including classified and top secret docs. Of course his surrogates like Marco Rubio are saying there’s nothing wrong with that—creating questions about their own security practices.

We can only guess where this will go. We predict that the term RICO will raise its head over the next few days.

One thing we can certainly depend on is that there are probably more shoes still waiting to be dropped. A lot more. Maybe like the entire contents of Imelda’s closet. Bring on the popcorn…


Submit a Comment

Your email address will not be published. Required fields are marked *

Follow Us

Related Articles

Nov 29 2022

Audits Reveal Medicare Advantage Plans Routinely Overcharge the Government and Taxpayers

Medicare Advantage, a fast-growing alternative to original Medicare, is run primarily by major insurance companies—which have been routinely overcharging Medicare by...
Nov 26 2022

Early Voting Starts Today in Georgia Despite Republican Efforts to Block It

The Georgia Supreme Court on Wednesday ruled against the Republican Party attempts to block local election officials from conducting advanced voting the Saturday after...
Nov 24 2022

Huh? Herschel Walker’s Primary Residence Is in Texas?

The question of the day, “How can Herschel Walker represent Georgians when he doesn’t claim Georgia as his primary residence?”
Nov 21 2022

By the Numbers: How the Supreme Court Paved the Way for the GOP House Majority

Recent actions—and inaction—by the right-wing majority of the U.S. Supreme Court paved the way for a Republican House majority.
Nov 20 2022

Why Conservative Parents Are Trying to Take Over School Boards

Hundreds of parents hoping to “take back” public education ran for school board seats in the midterms. What’s the actual job that awaits those who win?
Nov 16 2022

Some “Do’s and Don’ts” of How the News Media Should Responsibly Cover Trump’s New Circus

When it comes to Trump, journalists—if they are to serve the public interest—must realize they are reporting on a politician who regularly defies democratic norms and...
Nov 14 2022

How Ballot Recounts Work in Colorado

The surprisingly competitive matchup between Boebert and Frisch has become Colorado’s closest congressional race since 2002 and will likely trigger a statutory...
Nov 13 2022

Why Misinformation About COVID Vaccines and Pregnancy Won’t Go Away

Before coronavirus vaccines were even released, a disinformation campaign used a moment of national and personal vulnerability to prey on those who were pregnant or who...
Nov 12 2022

Georgia Senate Candidates Back on the Campaign Trail as Trump Factor Could Again Aid Warnock

Trump has been blamed for helping Warnock and Sen. Jon Ossoff win in 2021 when he spent the time before the January runoff telling Georgians the state’s election system...
Nov 10 2022

How Can Congressional Insurrectionists Be Removed from Office Under the 14th Amendment?

There is no question that certain sitting members or newly reelected members of Congress do not qualify for office under 14th Amendment. The real question is whose job...
Subscribe for Updates!

Subscribe for Updates!

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

Pin It on Pinterest

Share This