WaxiestSteam69@lemmy.worldtoNews@lemmy.world•Trump has been unable to get bond for $464 million judgment, his lawyers say
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8 months agoI’m pretty sure most of his properties are extremely leveraged.
I’m pretty sure most of his properties are extremely leveraged.
I think the reason it was such an issue with Trump is I can’t think of another president that had the infrastructure (i.e. his hotels) to make revenue via emoluments.
He’s got to be fuming. He’s managed to go 75 years without ever being held accountable by anyone for anything. And now it’s happening. He’ll drain the RNC by August.
The fact that no bond companies would accept real property as a collateral for the bond and only liquid or easily liquified assets points to the properties being leveraged to the hilt. If he ends up having to pay even a portion of this and has to start selling properties we should see a true picture of his financial status.
Didn’t W divest a bunch of stuff and setup a blind trust for the same reason. And if I’m remembering correctly didn’t the peanut farm had been Carter’s family for a while so he gave up something that meant something more than money.