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Political Discussion
Reply to "Trump can’t pay"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]No one is going to bond against shares that aren't liquid. [/quote] Didn’t he just say that he would use cash as collateral? [/quote] You believe that? I don't think he has any liquidity [i]at all[/i]. It's all smoke and mirrors, which is precisely what got him here. [/quote] Thank goodness your opinion is what counts. [/quote] LOL. He told the court a year ago he had $400 million. Now says he has close to $500 million. Go look at a list of his properties and tell me he can’t come up with a measly $175 million. People need to stop hoping the courts will disqualify the other guy and start giving us a reason to vote for your guy. [/quote] The banks and bond companies looked at his portfolio and nope'd out. The properties might look impressive on paper, but they're leveraged to the hilt and no one wants to bond out against properties that already have a line of creditors waiting for their share. It's probably also the reason that NY reduced the bond to $175 million - collecting on that will likely be easier than the full $450 million+ that he still owes, and with fewer creditors to deal with; something is better than nothing. If he actually had $500 million in cash he would have easily been able to get the bond (or bonds). [/quote]
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