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re: Breaking: Trump is unable to make $464 million bond in civil case
Posted on 3/18/24 at 10:17 pm to Northwestern tiger
Posted on 3/18/24 at 10:17 pm to Northwestern tiger
Without reading this 11+ page thread, what about the idea of bonding companies forming a consortium like Lloyds of London to spread the risk? It seems to me that could be a very profitable venture for them if the bonding fees are as little as 5%. ($25 million)
1
Posted on 3/18/24 at 10:19 pm to Jax-Tiger
quote:
New York is already concerned about a mass exodus of businesses.
Manhattan commercial real estate has to be hurting due to the trend of working from home.
Posted on 3/18/24 at 10:20 pm to Northwestern tiger
Even more fricked up will be when ny declares all of trump's ny property is only worth a total of $5M. Then ny will go on to sell that shite for several hundred million.
Posted on 3/18/24 at 10:21 pm to Plx1776
quote:
Even more fricked up will be when ny declares all of trump's ny property is only worth a total of $5M. Then ny will go on to sell that shite for several hundred million.
Well that's not how it works, but that's exactly the math that got trump in trouble here...
Posted on 3/18/24 at 10:25 pm to oklahogjr
quote:
but that's exactly the math that got trump in trouble here...
Nah it wasn't math. It was talking shite to your gods that got him there.
Posted on 3/18/24 at 10:25 pm to oklahogjr
quote:
but that's exactly the math that got trump in trouble here...
Funny how none of the lending institutions Trump used had any problem with the valuations of the properties?
Posted on 3/18/24 at 10:29 pm to Northwestern tiger
This is further proof that DJ does not have a billion $$ in the bank. His worth is only assets, and once they’re seized, he’s worth nothing.
Posted on 3/18/24 at 10:34 pm to Warboo
quote:You're a fricking idiot. Having at least SOME cash on hand to take advantage of market downdrafts is what virtually every intelligent investor does - in fact, it's how many of them got ultra-wealthy in the first place. Berkshire Hathaway, as one simple example, presently has $167 Billion of cash on hand. I suppose that's because Warren Buffett is an idiot?
Carrying half a billion cash or cash equivalents is flat out stupid. Your post is not worthy of reading. Are you Fani's accountant or something? Not the sharpest tack I see.
The idea that very wealthy people are ALWAYS 100% (or more) invested at all points in time or else they are "flat out stupid" is true ignorance of the kind that is all too common on this board - and is likely only being spouted because it's the only way to defend Trump on this.
But in Trump's case, we are talking about LESS THAN 5% IN CASH OR CASH EQUIVALENTS. Nobody that knows anything about investing would say it was stupid to have that on hand - and certainly not in an environment when cash is paying 5.5%.
Here's an article from just 3 months before Trump was elected talking about billionaires having $1.7 Trillion in cash on hand. To remind you, this was around the time Trump was boasting of being worth at least $10 Billion. According to the board, billionaires are just flat out stupid.
Posted on 3/18/24 at 11:36 pm to GumboPot
quote:quote:
does that mean Latita will now seize his properties ?
This is the kind of stuff Putin does in Russia.
it's also the kind of stuff the US does in Russia
Posted on 3/19/24 at 5:03 am to P2K
quote:
His worth is only assets,
Think about the stupidity of this statement.
Posted on 3/19/24 at 5:27 am to TDTOM
quote:
the stupidity of this statement.
His second serve Ace is probably better
quote:
His worth is only assets, and once they’re seized, he’s worth nothing.
Posted on 3/19/24 at 6:14 am to Big Scrub TX
quote:
Berkshire Hathaway, as one simple example, presently has $167 Billion of cash on hand.
You mean the firm that is worth 900 billion has 167 billion of investable assets in cash or cash equivalents at any given point? Do you think that cash will not be invested and is just going to stay in cash forever?
Dude. Your entire premise here is that trump is not a billionaire because he doesn’t have 590 million in cash. It was a dumb point. Move on.
Posted on 3/19/24 at 6:31 am to Northwestern tiger
Lol Trump broke
Posted on 3/19/24 at 7:36 am to RFK
quote:
RFK
Another lawfare loving idiot.
Posted on 3/19/24 at 7:44 am to Big Scrub TX
This has you putting in overtime. Calm down. It’s going to be ok.
Posted on 3/19/24 at 7:55 am to Jax-Tiger
quote:
New York is already concerned about a mass exodus of businesses. This isn't going to help. Someone has to be thinking, "I know I want to nail Trump, but is it worth it?".
As long as the executives of these companies are democrats and donate, they have nothing to worry about.
Posted on 3/19/24 at 8:41 am to Big Scrub TX
quote:
You're a fricking idiot. Having at least SOME cash on hand to take advantage of market downdrafts is what virtually every intelligent investor does - in fact, it's how many of them got ultra-wealthy in the first place. Berkshire Hathaway, as one simple example, presently has $167 Billion of cash on hand. I suppose that's because Warren Buffett is an idiot?
Having at least SOME cash on hand is not the same as a half a fricking billion. Berkshire Hathaway and Warren Buffett are investors playing most of their wealth in markets. Trumps assets are in real estate for the most part. Apples to oranges you dumb arse.
quote:
Here's an article from just 3 months before Trump was elected talking about billionaires having $1.7 Trillion in cash on hand. To remind you, this was around the time Trump was boasting of being worth at least $10 Billion. According to the board, billionaires are just flat out stupid.
You fricktard that CNBC article is 8 yrs old. You are a joke and people are just laughing at you chief. Now run along to DU get some more talking points.
Posted on 3/19/24 at 10:45 am to BBONDS25
quote:Of course not. He's waiting for a more distressed market and then he moves in in size (although I'd guess his cash position NEVER goes below 10%).
You mean the firm that is worth 900 billion has 167 billion of investable assets in cash or cash equivalents at any given point? Do you think that cash will not be invested and is just going to stay in cash forever?
. Your entire premise here is that trump is not a billionaire because he doesn’t have 590 million in cash. It was a dumb point. Move on. I never said that. You must be thinking of someone else.
Posted on 3/19/24 at 10:47 am to Warboo
quote:Have you ever heard of a denominator, you dolt? Trump - by his own account - should be worth well north of $10 Billion. Even at just the $10 Billion level, the cash requirement here is LESS THAN 5% of his supposed net worth.
Having at least SOME cash on hand is not the same as a half a fricking billion.
quote:So that was back when it was SMART for billionaires to have a lot of cash? You're a fricking joke.
You fricktard that CNBC article is 8 yrs old.
Posted on 3/19/24 at 10:52 am to Big Scrub TX
quote:
Have you ever heard of a denominator, you dolt? Trump - by his own account - should be worth well north of $10 Billion. Even at just the $10 Billion level, the cash requirement here is LESS THAN 5% of his supposed net worth.
So when/who set 5% as the "denominator" you dolt. So you are pissed that Trump decided to break the 5% rule and carry a smaller amount of cash? GTFO out of here with a completely useless and flat out stupid argument.
quote:
So that was back when it was SMART for billionaires to have a lot of cash? You're a fricking joke.
Who said it was SMART or NOT SMART for billionaires to have a lot of cash? It is your opinion which means exactly nothing. Run along and leave the adults to discuss reasonable arguments.
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