Donald Trump has no idea how to post bond in the fraud trialāand heās absolutely losing it.
In just shy of a week, Donald Trumpās $454 million judgment from his New York bank fraud trial will become collectible, either by way of liquid cash or financial assetsāand it has officially sent Trump into meltdown mode.
The notoriously sleep-deprived GOP presidential nominee spent the better part of Monday night shouting into the void about the massive, half-billion-dollar judgment and his apparentĀ inability to pay it off, bemoaning being required to follow the law before being allowed to appeal the case.
āI would be forced to mortgage or sell Great Assets, perhaps at Fire Sale prices, and if and when I win the Appeal, they would be gone. Does that make sense? WITCH HUNT. ELECTION INTERFERENCE!ā Trump posted Tuesday morning.
āI shouldnāt have to put up any money, being forced by the Corrupt Judge and AG, until the end of the appeal. Thatās the way system works!ā he added, forgetting that heās being held to the same standards as every private citizen.
So actual market value.
Soā¦ What happens when it turns out heās underwater on all his properties, and they sell for less than he owes on them?
Straight to jail? Please?
He defaults on the loans. If he owns a building, has a $500 M loan on it, and it gets sold via this process, he gets no money, unless the sale goes over what he owes for the judgement. But the loan is still in place and he still owes the $500 M.
Not necessarily, but more of what someone is willing to pay at that specific moment. A lot can factor in. This being highly publicized, and with the notoriety of Trump and its assets, it can go in any unexpected direction.
Thatāsā¦ market value