So if he falls to make bond and the state starts seizing assets, how does that work, exactly? They auction it to pay the lawsuit? What if Trump gets a bite on selling a property intending to make bond but it’s a big real estate transaction and that takes time? Will he be allowed to finish the sale before the state seizes assets?
They’d be best to sieze and sell the assets independent of Trump. Chances are he will sell stuff to certain people with Slavic accents, and then we’ll have a potential president even further beholden to enemies of the state, which is generally considered sub-optimal.
The government people who are in charge of collecting the dough from this judgment will be wise to the possibility that he may not have a bonafide buyer and that he’s just fluffing if he says a deal is about to go through.
Any buyer will know that he’s a motivated seller so the offers aren’t going to be all that great.
When the government seizes banks that are about to fail, usually they seem to find qualified buyers privately and the deal is over within days.
I have a feeling that because Trump has allowed things to get to this point, the government is less interested in selling at the highest price possible and instead will take any offer that settles the debt.
So if he falls to make bond and the state starts seizing assets, how does that work, exactly? They auction it to pay the lawsuit? What if Trump gets a bite on selling a property intending to make bond but it’s a big real estate transaction and that takes time? Will he be allowed to finish the sale before the state seizes assets?
They’d be best to sieze and sell the assets independent of Trump. Chances are he will sell stuff to certain people with Slavic accents, and then we’ll have a potential president even further beholden to enemies of the state, which is generally considered sub-optimal.
The government people who are in charge of collecting the dough from this judgment will be wise to the possibility that he may not have a bonafide buyer and that he’s just fluffing if he says a deal is about to go through.
Any buyer will know that he’s a motivated seller so the offers aren’t going to be all that great.
When the government seizes banks that are about to fail, usually they seem to find qualified buyers privately and the deal is over within days.
I have a feeling that because Trump has allowed things to get to this point, the government is less interested in selling at the highest price possible and instead will take any offer that settles the debt.
I’m wondering what priority the state has over existing lienholders. If State has priority, then some banks may be about to get hosed.
Doubtful. That would penalise the banks, which is a no-no, economically speaking.
They can force sale but the banks get first cut.
Then given how leveraged the properties likely are, a bunch of them will have to be sold to make the 500 mil.