Trump has failed to get appeal bond for $454 mln civil fraud judgment, lawyers say

If he really had money and paid his debts any bond issuer who could afford it would have done it by now.

Hard to set up the value of collateral when his crime is inflating th worth of his assets.

It's not all tied up in real estate. Recall he has a lot of the equity in Truth Social, which he is trying to sell at an inflated price to DWAC. He is just as much of an internet influencer these days as a real estate investor.

But I think it is telling that a key point of the trial was that he overinflated the value of his assets, and now that he has to put up cash, all of a sudden we find that he can't put up enough collateral, because banks are no longer taking his word on those valuations.

What's really unfortunate for him is that he claimed in depositions that he had $400 million cash on hand. So either he does have the cash or he committed perjury.

Would be great to see the RNC put their money on this!!

Edit /s

If it was a real substance in real estate, it should be easy to borrow the money he needs. So either his real estate is already mortgaged to the hilt, so he can't add anymore on top, or they simply don't trust the evaluations any more.

I really hope they start selling off Trumps stuff starting next week. In a fire sale, cents for the dollar.

He has no cash, it's all tied up in real estate. He would have to sell to get the bond money.

Welp, he'd better get busy selling it, then! Especially since even if he doesn't appeal he's got to fork it over anyway to pay the judgement, LOL.

He doesn't have to liquidate it now. He can put it up as collateral against a loan.

The liquidation will happen when his appeal is denied, and the loan is called in.

I'm 40 and I had to Google it.

It took me 1 second to realize that your comment means I’m old as fuck…

That's literally what happened. A book was published in which white house officials shared stories which questioned his mental fitness. The stable genius thing was from a series of tweets he sent attacking the book.

“Actually, throughout my life, my two greatest assets have been mental stability and being, like, really smart,” the President continued. “Crooked Hillary Clinton also played these cards very hard and, as everyone knows, went down in flames. I went from VERY successful businessman, to top T.V. Star … to President of the United States (on my first try). I think that would qualify as not smart, but genius … and a very stable genius at that!”

https://www.cnn.com/2018/01/06/politics/donald-trump-white-house-fitness-very-stable-genius/index.html

So much of this shit went down the memory hole, I worry a lot of voters won't remember what it was like to live in that daily chaos.

I don't think anyone has ever said they were stable without being called unstable multiple times...

Like, especially next to genius, no one brags about being stable except people who aren't. It's just not something stable people mention.

Like if you meet someone and they immediately and umpromptly deny that they're on LSD, it's a pretty safe bet they're tripping balls. Because why else even bring it up?

or perhaps when he's in a room of horses, he's the smart one.

I thought his jet wasn't even flyable for the past few years?

Putin could still swing 500 million, but he could also buy 10 migs with that much.

if Elon sells stock, so his influence on the company via votes significantly decreases, the stock will go up, because having a manchild in charge is a deterrent to investors.

If Elon had an actual liquidity crisis where he had to bring a meaningful fraction of his assets to bear in terms of real monetary value, he’d probably lose control of his publicly traded companies.

He wouldn't have to sell shit. I'm sure he can easily get a half billion on a margin loan.