Leticia James a true patriot

[txdot-guy]

Originally Posted by Tiny

It's going to get real interesting if she actually starts selling his assets. Do you think that would hurt or help his prospects for winning the presidency?

Blackman brought up an interesting point. Trump should be able to borrow against his assets, with a personal guarantee, and then use that to create a pile of cash to either pay or secure a bond. I wonder why he's not doing that? Or maybe he is and we don't know yet?

I posted about this in a different thread already. Peter Coy of the NY Times says that bond companies in New York can’t take real estate as collateral.

He says:

In an unregulated insurance market, Trump would have been able to come up with a surety bond with ease because his net worth far exceeds the size of the bond he needs. Some enterprising business would have asked him to put up some of his real estate holdings — say, $1 billion worth — as collateral. For good measure, it would have charged him a high premium on the bond.

But the state insurance departments that regulate surety bond companies don’t allow that kind of business. It would be highly risky for insurers to accept real estate as collateral because its value is unpredictable and it’s hard to sell on short notice. Regulators don’t allow insurance companies to charge high premiums for taking on that kind of risk; they want insurers to charge low premiums for low risk.

https://www.nytimes.com/live/2024/03...nied-insurance

[winn dixie]

Git em Leticia. Put up a for sale sign on trump tower

[Tiny]

Originally Posted by txdot-guy

I posted about this in a different thread already. Peter Coy of the NY Times says that bond companies in New York can’t take real estate as collateral.

He says:

In an unregulated insurance market, Trump would have been able to come up with a surety bond with ease because his net worth far exceeds the size of the bond he needs. Some enterprising business would have asked him to put up some of his real estate holdings — say, $1 billion worth — as collateral. For good measure, it would have charged him a high premium on the bond.

But the state insurance departments that regulate surety bond companies don’t allow that kind of business. It would be highly risky for insurers to accept real estate as collateral because its value is unpredictable and it’s hard to sell on short notice. Regulators don’t allow insurance companies to charge high premiums for taking on that kind of risk; they want insurers to charge low premiums for low risk.

https://www.nytimes.com/live/2024/03...nied-insurance

He doesn't necessarily need an insurance company. If he comes up with $455 million, he can pay the fine, then appeal to try to get the money back. That would have the advantage of stopping the interest, which is accumulating at $112,000 per day according to Winn Dixie. Bloomberg has Trump's real time net worth at $2.3 billion. Forbes has it at $2.6 billion, although that's before the $455 million judgement passed down by Engoron, and the $90 some odd million due E. Jean Carroll. If he's worth $2.3 billion, you'd think he could borrow $455 million and pay the fine. He could pay down the loan by selling real estate, without having to conduct a fire sale.

If the Trump Media/Digital World merger goes through, he'll have around $3 billion of stock around the current share price and can sell some of that. And another possibility is the award gets reduced on appeal.

Reddog proposed that board members start a GoFundMe account for the Donald. Well, buying Digital World shares may be the next best thing, for Trump. If the share price stays up and the merger happens, then Trump will be rolling in dough. And, unlike contributing to a GoFundMe account or a Trump PAC, you have a chance at getting your money back if you invest in Digital World.

[The_Waco_Kid]

Originally Posted by txdot-guy

I posted about this in a different thread already. Peter Coy of the NY Times says that bond companies in New York can’t take real estate as collateral.

He says:

In an unregulated insurance market, Trump would have been able to come up with a surety bond with ease because his net worth far exceeds the size of the bond he needs. Some enterprising business would have asked him to put up some of his real estate holdings — say, $1 billion worth — as collateral. For good measure, it would have charged him a high premium on the bond.

But the state insurance departments that regulate surety bond companies don’t allow that kind of business. It would be highly risky for insurers to accept real estate as collateral because its value is unpredictable and it’s hard to sell on short notice. Regulators don’t allow insurance companies to charge high premiums for taking on that kind of risk; they want insurers to charge low premiums for low risk.

https://www.nytimes.com/live/2024/03...nied-insurance

Any insurance company that underwrote a bond for Donald Trump in his civil fraud case in New York would undoubtedly be criticized by those who don’t like the ex-president. Chubb Insurance found that out when it underwrote a much smaller bond in E. Jean Carroll’s defamation suit against him. Chubb’s chief executive, Evan Greenberg, was forced to put out a letter saying, “We don’t take sides, it would be wrong for us to do so, and we are in no way supporting the defendant.”
But you don’t need to look to politics to understand why Trump’s lawyers said Monday that it was a “practical impossibility” to secure a bond allowing him to appeal the $454 million judgment against him. There’s a much simpler explanation: insurance regulation.


dude if you post articles behind a paywall post the article to prove your point.

notice the first paragraph above? which is all i could "screen grab"?

this is the real reason Trump is having trouble getting a bond

these outfits fear the backlash

Originally Posted by Tiny

He doesn't necessarily need an insurance company. If he comes up with $455 million, he can pay the fine, then appeal to try to get the money back. That would have the advantage of stopping the interest, which is accumulating at $112,000 per day according to Winn Dixie. Bloomberg has Trump's real time net worth at $2.3 billion. Forbes has it at $2.6 billion, although that's before the $455 million judgement passed down by Engoron, and the $90 some odd million due E. Jean Carroll. If he's worth $2.3 billion, you'd think he could borrow $455 million and pay the fine. He could pay down the loan by selling real estate, without having to conduct a fire sale. If the Trump Media/Trump Social merger goes through, he'll have around $3 billion of stock around the current share price and can sell some of that. And another possibility is the award gets reduced on appeal.

exactly. to the shock of a few here but not those savvy on high net worth individuals is that most billionaires don't have hundreds of millions of dollars in cash laying around. they have it in various investments making money for them.


billy grates probably doesn't have 500 MILLION in cash laying around. neither does Elon Muskrat or Jeffy BezoTard.



all of them would need to sell off assets to raise that kind of cash.



as Tiny knows, those who claim this means Trump isn't a billionaire are wrong. they are just cackling to satisfy their tds

[1blackman1]

You’re wrong Waco. Though most don’t have 500 mil in cash, they could rather easily raise it. Let’s assume Bill Gates needs 500 mil. He would go to a back and put up as collateral 700 mil or so in Microsoft shares, which any bank or investment firm would take and give him the cash. He would be able to be as liquid as required because he has actual valuable assets.

Trump’s issue is that his money isn’t tied up in investments accepted to have a high value. In fact his continued overvaluation of his assets and likely having previously leveraged them leaves him with an inability to get liquid by going to banks and taking a loan. Were he invested in stock and other assets, like most billionaires, he would be able to get some liquidity, but he couldn’t raise more than 100 mil total.

[farmstud60]

Originally Posted by 1blackman1

You’re wrong Waco. Though most don’t have 500 mil in cash, they could rather easily raise it. Let’s assume Bill Gates needs 500 mil. He would go to a back and put up as collateral 700 mil or so in Microsoft shares, which any bank or investment firm would take and give him the cash. He would be able to be as liquid as required because he has actual valuable assets.

Trump’s issue is that his money isn’t tied up in investments accepted to have a high value. In fact his continued overvaluation of his assets and likely having previously leveraged them leaves him with an inability to get liquid by going to banks and taking a loan. Were he invested in stock and other assets, like most billionaires, he would be able to get some liquidity, but he couldn’t raise more than 100 mil total.

I am pretty sure you are wrong Blackman. None of the bond companies will go over 100 million dollars. Also, Real Estate is not a liquid asset, and with this unlawful attack many businesses are contemplating getting out of New York, as the financial risks are too great. Not to mention things aren't safe and they put the National Guard in the Subways puts downward pressure on Real Estate prices.

[Yssup Rider]

Wrong.

Prove your claims, farmstud.

[eyecu2]

what happened to this statement which was taken under deposition?

Trump: "In an April 2023 deposition, Trump volunteered that he had “substantially in excess of 400 million in cash.”

“Developers usually don’t have cash. They have assets, not cash,” Trump said. “We have, I believe, 400 plus and going up very substantially every month.”

Legal Patriots'- Tish James and Engoran, took Trump at his word- and his comments were that 'he was flush with Cash'.

Why would anyone not take him at his word?

Repuke-lickans and the GOP take him at his word don't they??

If DJT says something then he means it! - Right?!?

I mean- You cannot be flush with 400 million, and then not able to find the 400 million later-on without some real bad losses, or perhaps he was just fibbing?? I'd imagine that our pal Drumpf is full of shit, and when he was "called" to put up, or shut up, he was a full on bluff.

full cite linked below:
https://www.washingtonpost.com/polit...d-is-struggle/

[farmstud60]

Originally Posted by Yssup Rider

Wrong.

Prove your claims, farmstud.

The sources I use are behind paywalls. But you guys post inaccurate sources all the time and think they are legit.

[winn dixie]

Originally Posted by farmstud60

The sources I use are behind paywalls. But you guys post inaccurate sources all the time and think they are legit.

Hmmmm? You can still post links

[Tiny]

Originally Posted by farmstud60

The sources I use are behind paywalls. But you guys post inaccurate sources all the time and think they are legit.

Farmstud, What I'll do is post the link, and enough of the text to make the point, but not so much that I think it's a copyright violation.

And sometimes, maybe like you, I read things and don't want to take the time to go back and document them.

And I agree. A lot of what you read and hear in the media is inaccurate. Just because someone on Breitbart or the New York Times wrote something doesn't mean it's right.

[Yssup Rider]

Originally Posted by farmstud60

The sources I use are behind paywalls. But you guys post inaccurate sources all the time and think they are legit.

Post them.

[The_Waco_Kid]

Originally Posted by Yssup Rider

Post them.

why? you'd just call it fake news anyway



bahahaaa

[winn dixie]

I can't wait for Mondays bloodbath of trump properties. 0HOPE THE COURT UNDER VALUES THEM AS WELL! lolling
And indeed a snick

[The_Waco_Kid]

Originally Posted by 1blackman1

You’re wrong Waco. Though most don’t have 500 mil in cash, they could rather easily raise it. Let’s assume Bill Gates needs 500 mil. He would go to a back and put up as collateral 700 mil or so in Microsoft shares, which any bank or investment firm would take and give him the cash. He would be able to be as liquid as required because he has actual valuable assets.

Trump’s issue is that his money isn’t tied up in investments accepted to have a high value. In fact his continued overvaluation of his assets and likely having previously leveraged them leaves him with an inability to get liquid by going to banks and taking a loan. Were he invested in stock and other assets, like most billionaires, he would be able to get some liquidity, but he couldn’t raise more than 100 mil total.

his assets are in real estate which is not nearly as easy to liquidate as selling off stocks. but you knew that right?