I assume he is unable to come up with enough cash because his liquid cash has been worn down and he can’t free up enough from his illiquid funds because that is in properties that he can’t sell or securities that are not in the green.
He could put up securities or even property as collateral for an asset back loan to cover the bond, but that comes with other issues.
Why use your own money when you can use somebody else’s?
There is some stuff he couldn’t use campaign money on, which ate into his cash reserves.
I honestly don’t think he has much cash money available. It seems his best move would be to sell a building that nobody wants to buy, or wash some cash by “selling” sneakers.
He can sell, unless there’s some really hokey contract clause with local/state government regarding continuation of service or whatever.
He doesn’t want to sell, and not at the discount rate a quick sale like this would require. He screwed himself on getting loans even before the judgement blocking financing the penalty, what banker would look at an adjudicated conman, with a history of non-payment even when court ordered, and seriously present half a billy as a good investment for their fund/shareholders?
I think you’d have to be stupid to get involved with Trump financially. Even if he secures a loan with assets a) he’s likely inflated the value of those assets, b) who knows how many other loans he’s used the assets as collateral for, and c) if you have to repossess Trump assets you know that he will either smear shit on the walls on his way out or will sic his cult on you. Oh and d) if he wins the election, there’s a decent chance he’s going to alter the deal and you better pray he doesn’t alter it further.
I assume he is unable to come up with enough cash because his liquid cash has been worn down and he can’t free up enough from his illiquid funds because that is in properties that he can’t sell or securities that are not in the green.
He could put up securities or even property as collateral for an asset back loan to cover the bond, but that comes with other issues.
Wasn’t he using campaign money to pay for his legal fees?
Why use your own money when you can use somebody else’s?
There is some stuff he couldn’t use campaign money on, which ate into his cash reserves.
I honestly don’t think he has much cash money available. It seems his best move would be to sell a building that nobody wants to buy, or wash some cash by “selling” sneakers.
He can sell, unless there’s some really hokey contract clause with local/state government regarding continuation of service or whatever.
He doesn’t want to sell, and not at the discount rate a quick sale like this would require. He screwed himself on getting loans even before the judgement blocking financing the penalty, what banker would look at an adjudicated conman, with a history of non-payment even when court ordered, and seriously present half a billy as a good investment for their fund/shareholders?
I think you’d have to be stupid to get involved with Trump financially. Even if he secures a loan with assets a) he’s likely inflated the value of those assets, b) who knows how many other loans he’s used the assets as collateral for, and c) if you have to repossess Trump assets you know that he will either smear shit on the walls on his way out or will sic his cult on you. Oh and d) if he wins the election, there’s a decent chance he’s going to alter the deal and you better pray he doesn’t alter it further.
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His problem is that, as a rich person in the US, he’s only used to getting money, not paying any, let alone being made to pay money that he owes.