[Dion]

Originally Posted by nfotiu

Trump can't come up with his bond.
https://www.cnn.com/2024/03/18/polit...ond/index.html

I assume that means he won't be able to appeal. I wonder how much cash the underwriters wanted access to that he couldn't provide? I doubt it is the whole amount, but don't know much about bonds.

His financial house of cards must be looking pretty ready to collapse about now, which could be fun.

This quote is particularly funny:

“Critical among these challenges is not just the inability and reluctance of the vast majority of sureties to underwrite a bond for this unprecedented sum, but, even more significantly, the unwillingness of every surety bond provider approached by Defendants to accept real estate as collateral,” Trump’s attorneys wrote.

They are basically admitting that the bond providers don't think his properties are worth anywhere near what he claims and are probably fully leveraged, which coincidentally is the whole basis of this lawsuit!

I found these quotes quite interesting

While Garten said Trump is "financially stable" and maintains "substantial assets," the magnitude of the judgment would require him to use his real estate as collateral for the bond. So far, according to Garten's affirmation, no surety bond provider approached by Trump is willing to accept real estate as collateral, including Chubb, the insurance giant underwriting Trump's $91.6 million bond to cover the $83 million judgment in the E. Jean Carroll defamation case, plus interest.

The final option would be a “fire sale” of his properties, including office towers, golf courses and resorts, but the brief argues this “would inevitably result in massive, irrecoverable losses.”

If, however, the appellate court does not intervene, Trump will be required to pay the full judgment on March 25.

https://ca.yahoo.com/news/trump-face...144740273.html