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Law's Eric Chaffee discusses Donald Trump's stock price crash

MEDIA | May 13, 2024
STORY BY: EDITORIAL STAFF

Trump's critics love to see Truth Social's stock price crash. He can still cash out big.

USA TodayEric Chaffee, the Peter M. Gerhart Distinguished Research Scholar and associate director of the Center for Business Law, said that Donald Trump is “cash-strapped” because of his plan to win the upcoming re-election, his criminal case underway in New York, three other pending criminal cases and millions in judgments from civil litigation. “Former President Trump ultimately needs cash,” Chaffee said. “He needs to be more liquid than he is. And this is one way that he can become liquid fairly easily. That's not the same as trying to sell some massive piece of real estate somewhere.”