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re: Breaking: Trump is unable to make $464 million bond in civil case
Posted on 3/18/24 at 3:36 pm to TigerBaitOohHaHa
Posted on 3/18/24 at 3:36 pm to TigerBaitOohHaHa
quote:A big part of doing this is having investable cash when the shite hits the fan. Carrying 0% cash or cash equivalents is not an intelligent investment program.
Rich people make money by putting their cash to work. They don't keep it sitting in the bank.
Posted on 3/18/24 at 3:37 pm to Warboo
quote:Sure. 95% is the vast majority. Funny that he doesn't even have 5% liquid.
You do realize that Trump has many properties that make up the vast majority of his wealth right? Properties like his are not "quickly liquified". Plus being put in a position of having to quickly sell a property would put him in a position of price taker instead of price maker. Fire sale situations would be detrimental for getting fair market value for his properties. That is why 30 days is laughable.
Posted on 3/18/24 at 3:39 pm to Big Scrub TX
I think you missed the part where he had less than 30 days to come up with this amount of cash. That’s kinda what sparked this whole conversation…..
Posted on 3/18/24 at 3:39 pm to Big Scrub TX
quote:
A big part of doing this is having investable cash when the shite hits the fan. Carrying 0% cash or cash equivalents is not an intelligent investment program.
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.
This post was edited on 3/18/24 at 3:42 pm
Posted on 3/18/24 at 3:44 pm to Big Scrub TX
quote:
Right, so do it over 6 weeks if you want - just like Trump could have done.
But that is not what you originally said. Again, you are flailing.
Posted on 3/18/24 at 3:48 pm to TDTOM
The tax consequences mean it's some multiplier of the bond. The entire concept of him being able to do this efficiently/quickly is patently absurd.
Now, perhaps Trump being Trump means he has fewer outlets to pursue other avenues to come up with this, and not all of that is necessarily his fault. But "lol he can't even come up with 500m" is really stupid.
Now, perhaps Trump being Trump means he has fewer outlets to pursue other avenues to come up with this, and not all of that is necessarily his fault. But "lol he can't even come up with 500m" is really stupid.
Posted on 3/18/24 at 3:50 pm to Warboo
quote:
Carrying half a billion cash or cash equivalents is flat out stupid.
Agreed, that’s why they have others put it up for them. That’s exactly what surety companies do. But none would back him. Why do you think that is? If you have $14 billion like you alledge that you do, why would no one back you?
This post was edited on 3/18/24 at 3:51 pm
Posted on 3/18/24 at 3:52 pm to DEG
quote:
Agreed, that’s why they have others put it up for them. That’s exactly what surety companies do. But none would back him. Why do you think that is? If you have $14 billion like you alledge that you do, why would no one back you?
Which "surety" companies would not back him?
Posted on 3/18/24 at 3:54 pm to DEG
quote:
If you have $14 billion like you alledge that you do, why would no one back you?
There is a simple and obvious answer to this question, yet so few here want to face the truth.
Posted on 3/18/24 at 3:54 pm to roadGator
quote:
Every one he asked?
You have a list?
Posted on 3/18/24 at 3:54 pm to Warboo
Don’t think his lawyer said.
Posted on 3/18/24 at 3:56 pm to Warboo
quote:
Which "surety" companies would not back him?
Every last one of them.
Posted on 3/18/24 at 3:57 pm to The1TrueTiger
quote:
There is a simple and obvious answer to this question, yet so few here want to face the truth.
Please enlighten us on your truth
Posted on 3/18/24 at 3:57 pm to The1TrueTiger
quote:
Which "surety" companies would not back him?
Every last one of them.
List?
Posted on 3/18/24 at 3:59 pm to The1TrueTiger
quote:
There is a simple and obvious answer to this question, yet so few here want to face the truth.
What you want the truth to be is not necessarily the truth. It is "hopium" though.
This post was edited on 3/18/24 at 4:00 pm
Posted on 3/18/24 at 4:03 pm to Northwestern tiger
I think this is the right move by Trump. Make them come for his properties. The optics would be too much for even the compliant press to overcome.
Posted on 3/18/24 at 4:04 pm to imjustafatkid
What if Trump said screw you! Put me in Jail.
Posted on 3/18/24 at 4:05 pm to DEG
quote:
Why do you think that is?
You didn't read the OP?
Posted on 3/18/24 at 4:05 pm to imjustafatkid
quote:
The optics would be too much for even the compliant press to overcome.
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