You bring up many good points, none of which I strongly disagree with.
My only point was that it's not "easy and obvious" to "buy his debt and use it as leverage to extract political gain". There are many "outs" he can take if such an event occurred.
I started my career as a lawyer in 2008. I specialized on corporate bankruptcies and worked on many of the high profile cases we all read about. I can tell you I saw this first hand. I saw a hedge fund by a loan from a small community bank for $150k and use it to gum up the works and extract $50M. I guarantee Trump is at high risk of danger here. The legal system can absolutely be weaponized and with over $1B of debt there’s no way to know who owns every dollar. The thing is what if money isn’t what they demand? You’re assuming that they will accept payment of their debt. But with leverage comes opportunities for other demands. It’s actually terrifying to think of all of the things one could demand from a president or government under these circumstances. Absolutely insane.
My only point was that it's not "easy and obvious" to "buy his debt and use it as leverage to extract political gain". There are many "outs" he can take if such an event occurred.