Trump is unable to find a seller for a $464 million bond

Apparently none of the Bond companies in the world will sell Trump a bond for $464 million

Tsk tsk.

That fact suggests he is not worth anywhere near the amount he has been bragging about for years, that he is a 'billionaire'. In fact, the truth might be more like he's a paltry small time millionaire, with a net worth of only a few million. He's a teller of tall tales, and his followers lap it up like Borscht.

Whatever he's worth, it's not enough credit to garner a bond of that size, and what was left of his assets are committed as collateral to the $91 million bond given on the E Jean Carrol Case. That means his real net worth is in that range, and it's committed, which means, soon, he will be broke and his net worth reduced to practically nothing. And the joy of this unfortunate predicament (joyful to me, not Trump, of course) is that he can't discharge it in bankruptcy court.

If he can't find a bond then Letitia James will implement asset seizing protocols per NY State law, and off we go to The Donald's financial ruin, to the great worry of Melania Trump, who sold her soul for money in the hopes of some kind of inheritance. She probably has a trust set up, but it's not the billionaire's life, that is probably a safe conclusion. I kinda feel sorry for her. Is she this ingenue foreign beauty, lost in the glitterati, or is she a cunning realist, making shrewd calculations about her future? Who knows, books will be written about her, no doubt, but she's beside the point, though an interesting beside the point.

But, I don't feel sorry for Trump, I hope the state of NY crushes him utterly, totally, completely, because he's been screwing thousands out of millions for years, and now the proverbial crows, those lovely, beautiful, rich, deep black crows, are coming home to roost on the Donald's combover baldy's blond head.

Ahh, revenge is sweet, as the notorious NY, humorist & raconteur Fran Lebowitz would say, and if she didn't say it, she's said something similar to it in a much more luminous way, which works for me.

Schadenfreude city, here we come!


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

 

The goal was accomplished.

 

Patricio Da Silva
Show us what Trump lawyers told a New York appeals court. Credible reliable source please.

The 8th amendment has been violated... imposing excessive bail, excessive fines, or cruel and unusual punishments

 

Worth only a few million?

This link says that it means that he is unable to come up with the $1 billion in cash reserves necessary to get a $450 million bond.
Trump Tells Court He Can't Afford to Buy $464M Bond in NY Fraud Case (businessinsider.com)

A real estate magnate with properties all over the globe not being able to come up with $1 billion in cash reserves does NOT equate to only being worth a few million. It equates to not having a Billion dollars in cash on hand. I wonder just how many people on this earth have $1 billion in liquid cash? Probably very few.

Where do you get this abject nonsense that you spew? I

 

Rachel maddow

 

The trial was a farce. I am surprised it has not been overturned.

 

Elon Musk will bail out trump

 

You should learn to read, particularly the second paragraph:

Whatever he's worth, it's not enough credit to garner a bond of that size, and what was left of his assets are committed as collateral to the $91 million bond given on the E Jean Carrol Case. That means his real net worth is in that range,

"In that range', what does this mean?

It means that his collateral was good enough for a $91 million bond, but not good enough for a $464 million bond.

The point is that he is common multimillionaire, not a billionaire, as he claims.

And that not only common sense, it's math, as in dollars an cents.

 

China, Russia, Saudi Arabia, someone will give him the money

 

we do not know how much property was quick deeded from dad, cause all the property would be taxed if sold, then the property would be taxed based on what dad paid for it

 

It if were a farce, it will be shot down on appeal. He appealed the Engoron verdict, and thus far cannot collateralize the $464 million judgement.

Unfortunately, Trump isn't a billionaire like he claims, otherwise he'd be able to collateralize a $464 million surety bond. Trump has filed papers claiming he was worth over $10 billion, which, if true, he shouldn't have had a problem securing such a bond. There are surety companies that will take net value real estate. Most, probably, require liquidity, but not all of them do, and it would seem to me that he would seek one that accepted net value real estate and given that he apparently cannot find one, tells me he's not worth anywhere $10 billion, that he's a liar.

So, if he's lying about his net worth, he's probably lying on bank application forms in the extreme, hence his breaking NY State law, hence the judgment on his assets.

No, James is following the law to the letter.

Sorry 'bout that, but your side used to be the party of law and order, that is, until Trump came along.

And, Mark Levin tweeted something like, 'Why doesn't a Republican Billionaire help Trump out?' Good question, why won't they? Why? Probably because he's a bad risk, the same thought the surety companies are no doubt thinking.

 

He could sell Mar a Lago, that's worth 2-3 Billion $ now isn't it? Might get Melania out on the stump with him too. Win-Win!

 

I responded to the part I wanted to respond to, which was your implication that this means he is worth only a few million.

The facts do not bear that out, nor do they bear out that he does not have a billion as you claim now. You apparently do not understand the concept of liquid cash vs net worth. The credible link I gave you did NOT say collateral of a billion, it said CASH reserves of a billion. This may come as a surprise to you, but real estate is not all that liquid where you can turn it into cash within a few months. The entire concept is petty and childish. It is one thing to oppose a political candidate, but your nonstop hatred is beyond the realm of politics. You have made it personal.

As someone that will strongly oppose Biden and vote for Trump this fall, I could not care less about his personal finances, yet you are taking great pleasure in what you think signifies his financial ruin.

One would hope to find a higher level of discourse on this board, but people like yourself seem to be always taking it to the gutter.

 

We dont know lots of things about his highly complicated balance sheet, yet that doesn't stop you and others from pretending like you do.

When its all said and done, this is probably just a ploy to have to put up less money to begin with.

I would happily bet a tidy sum of money that this never results in him having to liquidate property etc. This will represent a hindrance, not a brick wall, and it will eventually all or most be tossed out of court.

With that being said, none of that impacts me one way or the other. The lefts infatuation with him is puzzling. Hating his politics is one thing, but spending so much time contemplating his finances goes beyond the realm of politics.

 

you seem to be the only one pretending, I was very very clear we do not know, but sure seems like he is poorer then he leads on, especially with all his con games and such, but maybe he and his family do that stuff for fun, who knows

 

So me saying I would happily bet means I am pretending, but you saying it sure seems like he is poorer is not?

Whatever you say Chief.

All of these high rise buildings and luxury properties that he owns around the globe are apparently a figment of our imaginations.

 

you say I pretend to know when the first part of my post was "we do not know" - lol, Whatever you say Chief.

like I said, I do not know if those were quick deeded to him by his father or not to avoid taxes when he passed away, if they were, selling them will be considered more profit, thus a higher tax

 

No. You said my statement that I would bet equates to me pretending, yet your statement of saying it "sure seems like he is poorer" is not.

While in the process of denying that you were pretending to know, you pretended to know, at least every bit as much as me saying I would bet. In truth, both statements have a qualifier, but it is you that is acting as if I did something that you did not.

 

no, you say I pretend to know when the first part of my post was "we do not know" - lol - only one pretending is you...

 

It's really just about getting a loan, but I'm not surprised that banks wouldn't loan trump any money.
American banks have been refusing to lend trump money for decades because he was such a bad businessman, which is why he had to sell himself to foreigners to keep his brand afloat. His kids used to brag years ago about how they were going to foreign banks to finance their deals.
And the fact that he has lying about his property values for decades makes banks even more leery about accepting his properties as loan collateral.
You gotta love that trump's lies and fraud about his wealth have come back to bite him in the ass now that he needs to use his properties as loan collateral.

 

False.
Disgorgement of ill gotten gains is completely proper.
Trump was never entitled to profits as a result of fraud. Now he has to give them to the state. With interest.

 

I just read an article that lists all of his new york properties and even without knowing his debts there combined they wouldn't cover the bill. His name is on a lot more than what he actually owns.

 

Did it suggest he might have to declare bankruptcy?

 

It didn't say but it's a pretty fair assumption.

 

How great does this sound? The building formerly known as Trump Tower.

Maybe he'll have to move in with Eric.