Donald Trump still hasnāt posted bond in his New York civil fraud trial, but his lawyer Alina Habba wants you to know that itās definitely not because theyāre having trouble getting the massive amount together.
The former president was fined $354 million for committing real estateārelated fraud in New York. In order to appeal the decision, Trump must post a bond of the full amount plus interestāwhich has already reached nearly $467 million, with interest adding $112,000 per day.
When asked Wednesday if Trump was any closer to posting bond, Habba had a very clear answer that raised no red flags.
āYeah, no, unfortunately I canāt speak to that. Thatās privileged, and I am the attorney, one of the attorneys on that case,ā Habba told Fox News, stating the obvious.
She quickly pivoted to attacking the case altogether, calling the judgment āabsurdā and expressing hope that an appeals court would overturn it.
Nobody has 467+ million dollars in cash ready for transfer at any given moment, especially for something like this. That would be poor financial planning even for a billionaire. Howeverā¦ Itās not like he didnāt have a heads up that itās coming, so it seems like he didnāt have his ducks in a row here.
Iām sure even Elon or Bill would have to make some annoyingly painful decisions to get that amount of cash on short notice.
Itās telling that he is struggling to borrow against his properties to raise the capital. It suggests that behind the scenes banks are not offering him favorable terms. And even if he were to win on appeal, it will still be quite expensive for him. Iām guessing that in the bankās internal analysis they project the original judgment will stand and therefore are considering how much they will earn after they foreclose on his buildings and sell them. Itās potentially sizableā¦
If the Trump name were removed from the tower the value might actually increase lol.
On the other hand, unless Trump is delusional (granted, itās possible), he must also know that winning on appeal is a long shot and therefore this money, once he puts it up, is gone. I guess his efforts to borrow rather than sell to raise capital are his version of YOLO. Because heās either president and figures out how to stall, or heās old already in the consequences will be short-lived.
Yeah āno one has $467 million dollars on handā except Trump reported to the court he had $400 million on hand and he had plenty of time to prep just in case.
Hmm I wonder if Trumpās ever inflated his asset values before
Somebody should look into thatā¦
i wonder if heās ever been honest about literialy anything, ever.
Thatās OK. The point is that nobody wants to lend him that amount of money anymore. So either he does not offer enough collateral, or no-one deems whatever he offers worth it. And those companies who have the money to do this usually know how to estimate someones worthā¦
https://en.maaal.com/archives/202308/worlds-most-billionaires-who-keep-cashā/
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