Trump faces a $370m fine in New York fraud trial. How would he pay it?
Trump faces a $370m fine in New York fraud trial. How would he pay it?
Judge Arthur Engoron is expected to rule in Trump's civil fraud trial. The fine could be steep.
Trump could secure a bond, but it will cost him
So if Mr Trump owed $370m in disgorgement, he might have to pay a bond company $37m (£29m) to issue the bond. And he will not get that fee back.
Trump could sell assets to raise enough cash
"Something is going to have to be sold or realised in order to get the money to pay for that kind of cost," said William Thomas, a professor at the University of Michigan Ross School of Business.
Trump could ask his loyal supporters for the money
Mr Trump may also turn to the massive fundraising engine he uses to pay his tens of millions in legal fees. According to the New York Times, 10% of every dollar that is raised from his supporters goes to pay for his defence in his civil and criminal trials.
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He will use the billions he’s about to make by going public with truth social.
Wow, so another overvaluation?
Value investing? In this economy?
What if it's to get trump to sell off truth social and watch it actually burn?
I dunno. I’m on truth social to agitate and make fun of the MAGATs, lately it seems like there are more of us liberals on that platform than Trump supporters. Either that, or they wall gardened us to one server. Truth Social is dead. Lots of ads though, that’s a fact.
He better dump all that stock before it almost certainly crashes and burns or he sure won't be able to use those billions.