Pease take All the time you need?
Because he’s not as wealthy as he says and Bidens son didn't die in Iraq as he said he did
TRUMP Supporters, Please Explain why a Billionaire is begging for Money?
- Thread starter Bourbon
- Start date
Because he’s not as wealthy as he says and Bidens son didn't die in Iraq as he said he did
Phyllis Diller
Was it me?
you tell me why a property lien is evidently insufficient.
Here is an interesting little note. Trump has not once offered to put up his property as security for an appeal.
It's hard for the judge to accept something that Trump has never offered.
Phyllis Diller
Was it me?
or the government persecution has scare away bankers.
you are meddling in markets, destroying the nation.
The FACT that he can’t get a Loan should tell Smart People everything they need to know about Trump
Phyllis Diller
Was it me?
Oh.. OK. I guess there is nothing to stop the winning side from starting collection during an appeal then.
It is security to guarantee that the loser can't hide money while they appeal and it is security that if the appeal is lost the debt will be paid.
Phyllis Diller
Was it me?
Nice whiny try. He went to 30+ underwriters in an attempt to get someone willing to post the nearly half billion dollar bond. He would have been required to put up properties or other things of value as surety/collateral against the possibility of losing the appeal. The fact that none of these underwriters would consider it tells us that whatever properties he "owns" are heavily mortgaged and are thus valueless as collateral.
Example: You rob the weed dispensary down the street and get caught. Your bond is set at $50,000. You don't have $50K so you contact a bail bondsman. He agrees to front your bail if you put your house up as collateral in case you skip out. Unfortunately you have a first and a second mortgage on your house to finance your coke habit. The bondsman sees that if you default, the most he could get from forcing the sale of your house is $10K, which includes some ratty old furniture, a dead goldfish, and a cat with one eye. He declines to front your bail for that reason.
Does that help?
you're financially idiotic.
Phyllis Diller
Was it me?
I can't lose your mind since you already lost it.
Phyllis Diller
Was it me?
dumbass response.
this is why you're losing.
keep it up, jerky.
#jerkyboys
Phyllis Diller
Was it me?
if you libertarians who are supposedly all about the business still won't rally for trump, you're fucking deep state killbots.
please reexamine your lives.
please reexamine your lives.
QP!
Verified User
I have.
YOU ARE WRONG.
AGAIN the Judge has no stake in what backs up the Bond and DOES NOT care. Once Chubb posts a BOnd, they are saying, 'even if Trump defaults, we, CHubb can and will pay, if Trump loses the appeal'.
It is ONLY the Winner of the case, who cares to ensure the Bond and the Company providing it, are legit, and if they are happy the Judge DNGAF. That is why the Winner has a chance to approve or challenge the Bonds sufficiency, based on who is guaranteeing it.
If you own a piece of Real Estate assessed at Millions, and it is free and clear of all debt and you just needed a hundred thousand for a Bond, there are countless Bond companies that will give it, as their risk is near zero even in a down market, if they have to seize and sell it. As the owner of the Real Estate, if you know you plan to sit on it for years and years, it can be much more advantageous using it, then tying up cash, even if you have the cash.
The issue with Trump is 'no one will trust the conman, rightly', as the person is often required to submit a Appraisal, and Trump would get one done and throw it out, if the value is too low for his liking, and just print his own fraudulent valuation and give them that, as he already has done with numerous banks.
Lenders do not want to have to chase down each and every statement of FACT Trump supplies on the property knowing he could be lying about ALL of them. They are used to mostly dealing with people, even criminals, who are not so brazen in creating fraud anywhere it suits them, and swearing to it in numerous documents.
So yeah, SHOCK, if you are a fraudster the level of Trump, people want CASH, if they will deal with you at all.
Yakuda
Verified User
Pease take All the time you need?
You cant be this stupid can you? What anyone is worth on paper is not the same as what liguid cash they have ready access to. The level violence in the rape of Trump in this case his unprecedented.
Phyllis Diller
Was it me?
They want to get the money back plus interest. If Trump was worth 10 billion, or 1 billion, he would have no trouble getting bond. Bankers do not operate in fear. If he had the assets, he would get the bond.
Phyllis Diller
Was it me?
they are operating in fear of government persecution.
you people are destroying New York.
you have to be kidding.
QP!
Verified User
Your stupidity is stupid.
The Market DNGAF about Trumps issues when it comes to making money off his assets. If the market sees there is money to be made, they will loan to ANYONE.
Again, the issue with Trump's property, is that he is such a proven and complete fraud at each and every level, that no one can TRUST anything he would give them on his property.
This is a guy who will sign that a barren piece of land he owns with ZERO development on it, has 2500 fully and paid for homes on it, so you will lend him more.
You are the guys who keeps screaming wrongly that the only thing that matters in the market is 'Buyer Beware' and it 100% on the lender to do their diligence because you argue it fine for Trump to lie as much as he wants, on the statements e gives them.
Well guess what, then most lenders will just avoid doing business with him, rather than trying to catch him on every lie.
You guys are arguing to destroy New York, by trying to ensure everyone can grift and defraud like Trump does, and as Trump is seeing now, in the biggest finance market in the world (NY) NO ONE WANTS TO DO BUSINESS WITH FRAUDSTERS, even when you and he say how 'rich he is'.