CNN reports “ Trump is unable to make $464 million bond in civil fraud case, his lawyers tell court”

Gee, wonder if Quad Indicted will figure out that he’s a fraud and a deadbeat and, hence, a high credit risk?

https://www.cnn.com/2024/03/18/politics/trump-464-million-dollar-bond/index.html

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whowasthatmaskedman · 70-79, M

Yep..Verified. So now the Trumpster fire is begging the NY court not to proceed with the sale of his assets, (which is due to start in a couple of weeks). And this is where you need to read between the lines. A bond insurance company like Chubb will normally need marketable securities, such ad cash, bonds or blue chips to secure a bond.. But Trump could get around this by mortgaging a building or two, then using that cash.......IF he actually had any equity in his properties left. Which brings me to a point I made some time ago. That Trumps properties may already be on the hole for more than they are actually worth, due to some dodgy accounting and some "special;" off the books loans from Russian banks and his mate Vlad. Stay tuned for the next exciting episode..😷

AmericanAvenger · 56-60, M

@whowasthatmaskedman No liberal has explained to me how someone sets their own property values. Only Trump knows how to do that and get banks to go along with it?

windinhishair · 61-69, M

@whowasthatmaskedman I think you are right about his lack of equity. His business has never been worth anything close to what he told everyone. The big problem here is this puts him at the mercy of foreign states like Russia or Saudi Arabia to bail him out as long as Trump will sell the nation out for their interests. There is a much higher likelihood that this will happen now.

whowasthatmaskedman · 70-79, M

@AmericanAvenger Its hard to explain that without itemizing how lazy and corrupted the US finincial markets and regulators are. But let me say this. In my country back in the 1980s a rich businessman (who actually financed the Australian win of the yachting race, the Americas Cup) started applying his own valuations to his many commercial properties, without using proper valuers and complying with regulations. (sound familiar?) He was found guilty of fraud and did a couple of years in jail after developing some mysterious mental incapacity. (Sound familiar yet?) The guy has been trying to sell investments in South African gold and diamond mines ever since..😷

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AmericanAvenger · 56-60, M

@whowasthatmaskedman What does that have to do with what is done and has been done in America for years? Why does it seem that Australians always have an excessive interest in American politics? If you are not American, many of us dont care what you think as it doesn't matter.