(March 18, 2024 at 6:43 pm)Jackalope Wrote:(March 18, 2024 at 12:55 pm)arewethereyet Wrote: Gee, this sure is a bummer.
https://www.msn.com/en-us/news/politics/...434&ei=177
Former President Donald Trump is facing "insurmountable difficulties" in obtaining a bond to satisfy the $464 million civil fraud judgment, his attorneys said Monday in a new appellate court filing, and the magnitude of which would require him to use real estate as collateral.
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About that real estate... Are those the same assets with inflated values and existing liens in a market where commerical real estate is in a depression? Those same assets which are featured in this very same fraud case?
No one legitimate is going to loan half a billion against those assets.
I love the finding out part.
I imagine it something like this:
INSURER: And how much would you like us to underwrite?
TRUMP: $400 million.
INSURER: And the purpose of this bond?
TRUMP: I lost a court case because I wouldn’t stop lying about the value of the properties I own.
INSURER: I see. And what collateral can you offer?
TRUMP: These properties I own. They’re totally worth $400 million.
INSURER: One moment, please. *hits intercom button* Get security up here. Now.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
