Billionare that can't afford 500 mill isn t a billionare. No link bit lawyers say he s tapped out.
Dude straight up lied. He said he had $400 million cash on hand. Turns out he's broke and his properties are worthless. Also his GoFundMe page stalled out after only collecting $1.7 million. Dude is a joke. Vote blue!
This ^
Apparently no one wants to work with him. Side effect of not paying your bills.
Um, see my other post, but that said, wealth isn't the same as cash. His wealth is definitely overstated though.Billionare that can't afford 500 mill isn t a billionare. No link bit lawyers say he s tapped out.
Only property he owns outright is Mar a Lago but that's only worth $20-30 million because he's severely deed limited.Does he even own his properties or are most on loans that banks will snap up when the time comes?
He claimed it while under oath last year.Did he say that? I don't remember that.
Either way it's not surprising.
Correct, but there is degrees of bragging or overstating your wealth. Trump is in a league of his own. Some days I feel like I’m worth 12 billion. Some days 6.This ^
Trump has always overstated his wealth, but that's easy because real estate value is subjective.
He owns most of his properties. But the one that are bigger money producers have some loans. Think in the next 5 yrs he owes about 780 million. So this judgement isn’t the whole picture. Part Of his debt is a minority stake in a partnership . He can’t just refinance that. It’s at the whims of the partnership.Does he even own his properties or are most on loans that banks will snap up when the time comes?
Wrong. Could be tied up in highly illiquid assets.Billionare that can't afford 500 mill isn t a billionare.
And he'll only get half that as a bond. There would be expenses involved in liquidating the property that have to be covered. Dude is fvcked unless his MAGAts dig deep.Only property he owns outright is Mar a Lago but that's only worth $20-30 million because he's severely deed limited.
Sucks to suck. Should have been selling off sooner and quicker. He can sell those illiquid assets at a discount to speed it up. Not our fault, you I wouldn't be treated as nicely.Wrong. Could be tied up in highly illiquid assets.
Poors have no idea what this means.
He can't use "highly illiquid assets" to secure a bond.Wrong. Could be tied up in highly illiquid assets.
Poors have no idea what this means.
Amazing. The guy that is a legend at stiffing creditors and not paying them back, cannot secure a loan on his assets to cover the bond. Truly The Deep State at work here.He can't use "highly illiquid assets" to secure a bond.
Sort of, but that's a big part of his crimes. Trump isn't going around and having people murdered although the whole "trying to overthrow the government" thing is kind of a big deal.Feels similar to getting Al Capone for tax evasion
Honestly if I was a big donor. I’d be worried that my donations would go directly to Trump and his expenses. Would rather give to a SuperPac.As long as the GOP does not do something foolish, like put a family member in charge of the official Republican Party and all of their fundraising, they will survive.
More thinking of nailing him for something that is an auxiliary issue. Instead of trying to overthrow an election or steal and conceal a UHaul of classified documents.Sort of, but that's a big part of his crimes. Trump isn't going around and having people murdered although the whole "trying to overthrow the government" thing is kind of a big deal.
The Tower is the biggest money maker correct?Keep in mind a lot of his properties are golf courses that are hemorrhaging money. It's hard to get someone to loan you money when you are bleeding out.
1. Lara Trump has said this is the plan.Honestly if I was a big donor. I’d be worried that my donations would go directly to Trump and his expenses. Would rather give to a SuperPac.
But the issue is pragmatic. If u see the House going bye bye. I’d hate to gamble on Trump pulling another rabbit. I’d want to keep the House as close as possible so I don’t lose some of my tax cuts.1. Lara Trump has said this is the plan.
2. If you are a big donor type who blows money on memberships to Mar A Lago you make a big donation knowing that you will have access to President Trump, and you will be paid back with a tax cut, or something else as lucrative to you.
Superpac money goes directly to his own expenses. It has been. That money can be used for virtually anything.Honestly if I was a big donor. I’d be worried that my donations would go directly to Trump and his expenses. Would rather give to a SuperPac.
He owns about half of the 30 properties he has an interest in the United States. The others have large loans on them. Some of them are partnerships that would've prohibited him from tapping into funds.He owns most of his properties. But the one that are bigger money producers have some loans. Think in the next 5 yrs he owes about 780 million. So this judgement isn’t the whole picture. Part Of his debt is a minority stake in a partnership . He can’t just refinance that. It’s at the whims of the partnership.
Found the claim:Did he say that? I don't remember that.
Either way it's not surprising.
Don't most people who can't pay bond go to jail?
I bet he has already asked if a president is immune to having to payback such bonds.Amazing. The guy that is a legend at stiffing creditors and not paying them back, cannot secure a loan on his assets to cover the bond. Truly The Deep State at work here.
Agree completely. He's also highly leveraged.Correct, but there is degrees of bragging or overstating your wealth. Trump is in a league of his own. Some days I feel like I’m worth 12 billion. Some days 6.
NeEd’s the truth Social deal to go though.He owns about half of the 30 properties he has an interest in the United States. The others have large loans on them. Some of them are partnerships that would've prohibited him from tapping into funds.