TRUMP Supporters, Please Explain why a Billionaire is begging for Money?
- Thread starter Bourbon
- Start date
Phyllis Diller
Was it me?
Dictatorial harrassment.
ExpressLane
Verified User
Pease take All the time you need?
Billionaires don't keep HUGE amounts of cash not earning money. They invest it. Trump is heavily invested in real estate. Raising money off of huge buildings takes a while. Insurance companies don't issue bonds for 1/2 billion dollars. The Eighth Amendment of the United States Constitution protects against excessive fines. 450 billion dollars is the largest fine ever issued to a private citizen. It's unconstitutional.
Simple, rogue judge who openly hates the defendant, declares the defendant guilty before the trial starts and imposes the highest monetary cost in history for a nonexistent crime.
The positive side of all this bullshit from the leftie barking moonbats, the more they harass, the more Trumps poll numbers rise.
ThatOwlWoman
Not Nice
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?
"Takes a while"? Trump is closer to 80 than 70. Past time his "while" showed up. Yes, he's "heavily invested in real estate". That should mean he's heavily liquid in equity. He's not wealthy if he's mostly in debt, far from it.
ThatOwlWoman
Not Nice
So far the only answer to Bourbon's question from the Reichwingers seems to be sobbing and whining about how MEAN the judge was, how UNFAIR the fine, boohoohoo.
PostmodernProphet
fully immersed in faith..
Pease take All the time you need?
because smart people don't have a half billion in cash laying around.....
^Non-answer #2.
Trump claimed to have $400 million in cash with more streaming in.
Simple, rogue judge who openly hates the defendant, declares the defendant guilty before the trial starts and imposes the highest monetary cost in history for a nonexistent crime.
The positive side of all this bullshit from the leftie barking moonbats, the more they harass, the more Trumps poll numbers rise.
Bullshit non-answer #3.
Dumbfuck non-answer #4. Trump claimed $400 million in cash with more streaming in.
But billionaires must have several billion in assets lying around and those assets must be earning cash. (You can't be a billionaire without assets that exceed your debts.)
A bank would probably be more than happy to loan me 25% of my net worth, let alone the 5% that Trump needs to meet his bond payment.
Unless of course Trump doesn't have the net worth he claims he does. That seems the most likely scenario.
Phyllis Diller
Was it me?
he is being harrassed by a dictatorial state, that's why he's begging.
that's the answer.
PostmodernProphet
fully immersed in faith..
you don't need to number your posts.....we can see the running total in the upper right corner of every post........you have over 48,000 dumbfuck answers so far.....
PostmodernProphet
fully immersed in faith..
interesting point.....around here people are able to post appeal bonds pledging a lien on their real estate......why is this judge requiring a cash bond?......
oh thats right......he doesn't think that Trump's land is worth more than $18M........
QP!
Verified User
Trump claimed to have much more, and growing everyday, than $400MM, in a court deposition, so lets agree with PMP that Trump is not smart.
All that said, if the RealEstate has any provable free equity in it, anyone can go get a second mortgage or otherwise borrow against it.
Real Estate can be difficult as it is generally encumbered and leveraged and Trump has proclaimed how he loves leverage and debt on his properties and thinks it is smart. He has referred to himself as the King of Debt or other such terms, so this process will expose what equity, if any Trump actually had, as that is what determines your net worth, and NOT, the gross value of the assets.
I would bet Trump has less than $500MM equity, or real net worth, once you take out the taxes, capital gains, and pay out any mortgage holder and other debt Trump has layered on to EVERYTHING he owns.
If you made me bet on whether Trump is a Billionaire of flat broke (insolvent) based on Equity on his holdings, i would bet on insolvent.
Phyllis Diller
Was it me?
PostmodernProphet
fully immersed in faith..
ThatOwlWoman
Not Nice
Of course he doesn't. He's lived his whole flashy gauche and gaudy "billionaire" lifestyle on borrowed money. Remember how he fought to keep from revealing his income tax statements like all modern presidents have provided?