Trump Fined Over $350 Million In Civil Fraud Trial

[Essence Lumin]

This should get interesting.

New York AG asks court to reject Trump's $175M bond for civil judgment

Letitia James contended the former president failed to demonstrate that the company behind his bond had the resources to pay it if his appeal failed.

abcnews.go.com

It is pathetic he says he is worth so many billions but can't come up with $175 million to avoid losing a lot of his stuff.

 

[Sid]

It is pathetic he says he is worth so many billions but can't come up with $175 million to avoid losing a lot of his stuff.

Not to defend the Orange Court Farter, but I don't think that many billionaires will have that kind of money hanging around unused somewhere on a bank account.

 

[Noodles]

Not to defend the Orange Court Farter, but I don't think that many billionaires will have that kind of money hanging around unused somewhere on a bank account.

This always annoys me a bit with these people.

Take like, Musk, for example. He is worth some X hundreds of billion dollars.

But it's all in like, Tesla and SpaceX investment.

Tesla and SpaceX have some sort of valuation level.

So who's money is it?

Is Tesla worth X hundreds of billions of dollars or is Elon? Because it feels like it really can't be both.

 

[Veritable Quandry]

Not to defend the Orange Court Farter, but I don't think that many billionaires will have that kind of money hanging around unused somewhere on a bank account.

Yes. Someone like Musk owns a lot of stocks which he can use as collateral or sell on short notice but even he would have trouble getting that much cash because of trading regulations. Whatever Trump actually has is primarily real estate that is already mortgaged and takes time to sell.

 

[Noodles]

Yes. Someone like Musk owns a lot of stocks which he can use as collateral or sell on short notice but even he would have trouble getting that much cash because of trading regulations.

I kind of wonder if this is part of why he is so determined to get that bonus from Tesla. To cover his Twitter debts. Who knows what kind of deals he made with people like Saudi Arabian for that money.