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re: Breaking: Trump is unable to make $464 million bond in civil case
Posted on 3/18/24 at 12:25 pm to Penrod
Posted on 3/18/24 at 12:25 pm to Penrod
quote:
You are showing your ignorance there. I am involved in a deal that requires about an $11 million payment next month from a foreign tycoon with a net worth (just a guess) of about $3 billion. He is struggling to come up with the $11 million. All of his wealth is in closely held businesses. His problem is that all of his businesses are doing very well right now and are growing, thus consuming cash. Counterintuitive, but true.
I would have to imagine the list of individuals who could come up with half a billion dollars CASH in 30 days has to be a very tiny list.
4
Posted on 3/18/24 at 12:29 pm to Y.A. Tittle
It’ll be like zero, when dealing with that type of money, it’s investment into hedge funds, and other large portfolio investments are contractually bound, also, the FTC has to be notified when removing that type of wealth, it has the power to shake up the stock market.
Posted on 3/18/24 at 12:48 pm to Y.A. Tittle
quote:
I would have to imagine the list of individuals who could come up with half a billion dollars CASH in 30 days has to be a very tiny list.
Especially when most of the sources who would lend to him would be subject to outraged customers if they "help" Trump.
Trump's only hope of coming up with these funds would have been a timely cash windfall or sale or a private loan from someone like Aldelson, Elon, Thiel, or the family who owns the Cubs. And a loan like that would probably hurt Trump in the arena of public opinion.
This post was edited on 3/18/24 at 12:49 pm
Posted on 3/18/24 at 12:51 pm to Y.A. Tittle
quote:
I would have to imagine the list of individuals who could come up with half a billion dollars CASH in 30 days has to be a very tiny list.
dictators
royal family members of OPEC countries
Heads of drug cartels
Very very very big arms dealers
that is probably about it, who else keeps access to that kind of cash? half a billion would be tied up in something, that level of amount liquid and accessible would be incredibly dumb.
Posted on 3/18/24 at 1:05 pm to Y.A. Tittle
quote:In the class of people who actually have as much net worth as Trump has always claimed to have, I'm guessing the majority of them can do it.
I would have to imagine the list of individuals who could come up with half a billion dollars CASH in 30 days has to be a very tiny list.
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